Pitfalls of Managing your Business by Your Bank Balance

May 13, 2010

In this article, we’ll explore some ways that business owners manage by bank balance, the problems associated with these practices, and some alternatives that will help you stay in great financial shape.

Read the full article →

Are You Soft and Sweet Like a Cupcake?

May 5, 2010

Having been an accountant for so long, I frequently discuss finances with my kids. They know all about budgets, how credit cards work, and why we can or cannot afford certain things. It’s important to me that they understand money isn’t in constant supply and, even as adults, we have to make choices.
I [...]

Read the full article →

Accounting for Barter Transactions

April 29, 2010

The difficult economic climate of recent years has led more businesses to utilize barter transactions, in which they trade their products and services for other products and services. Many businesses wrongly assume they don’t need to account for these transactions. Accounting for bartering transactions is required by the IRS and is essential to accurately determining [...]

Read the full article →

Time Tracking: Necessary and Not So Evil

February 16, 2010

Time tracking is a subject that causes many a manager’s eyes to roll.  The concern is understandable.  Most of us have experienced the negative consequences that occur when bad time tracking practices are employed.  Time tracking can be a major headache, if you get too granular and it can make employees feel like “the man” is [...]

Read the full article →

Toot, Toot – Blowing my own horn

February 11, 2010

Well, I guess I’m technically not blowing my own horn…but I am very happy to share a new testimonial:
“We threw a big project in Kelly’s lap and she got it done on time and under budget.  Her patience and humor make her a pleasure to work with, and she clearly has sound financial judgement, providing [...]

Read the full article →

Who gets a 1099?

January 4, 2010

It’s time to start preparing 2009 1099 forms. Every year the question arises: Who gets a 1099?
For the complete answer, see: http://www.irs.gov/pub/irs-pdf/i1099msc.pdf
In general, service providers you have paid $600 or more in 2009 need to be issued a 1099.  Service providers include: independent contractors, accountants, public relations firms, janitorial services, etc.  Payments to service [...]

Read the full article →

Using Dropbox to share QuickBooks for Mac

July 6, 2009

I have clients using QuickBooks for Mac.  I like to work from my office and they like to keep QuickBooks on their machine.  Of course, I can take control of their machine with any number of applications and do my work directly on their machine.
An easier, free method is to simply share the data file [...]

Read the full article →

8 Reasons Time Tracking is Good

June 16, 2009

No one likes tracking their time, but it is important, even if you bill on a fixed fee basis. Here’s why…

It allows project costing of your fixed fee projects which can help you stay on budget and profitable.
It gives you the information you need to price future projects.
You’ll know how much time and money [...]

Read the full article →

← Previous Entries

Next Entries →


Warning: file_get_contents(http:) [function.file-get-contents]: failed to open stream: No such file or directory in /home/ktotten/crackerjackaccounting.com/wp-includes/class-feed.php on line 97

Warning: file_get_contents(http:) [function.file-get-contents]: failed to open stream: No such file or directory in /home/ktotten/crackerjackaccounting.com/wp-includes/class-feed.php on line 97