Virbo Online Bookkeeping Blog

SmartVault vs Bill.com

Tuesday, January 22, 2013
By: Tim Hughes

SmartVault vs Bill.com 

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Confused By QuickBooks' Inventory Management? Use The Item List

Wednesday, December 14, 2011
By: Tim Hughes
Quickbooks Inventory Management 

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Your First Hours With Accounts Receivable: Some Tips

Monday, December 12, 2011
By: Tim Hughes

accounts receivable tipsAccounts receivable is a weak link in businesses of all sizes. No matter how great sales are, if money is not coming in, a company is in trouble. QuickBooks offers tools to accelerate receivables and generate steady cash flow. No matter what your comfort level with accounts receivable is, you can harness the power of these user-friendly tools to create a better collections process. 

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Three Ways To Get Management Reports In QuickBooks

Wednesday, December 07, 2011
By: Tim Hughes

QuickBooks makes it easy to run standard or customized management reports so you can regularly monitor the financial health of your business. In fact, you can find relevant and useful reports in three different areas within QuickBooks. 

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Still Using Excel And Paper For Your Small Business Accounting? Why You Should Consider A Change

Monday, December 05, 2011
By: Tim Hughes

Excel adds, subtracts and allows for complex percentages and conditional formatting. It sounds like the perfect vehicle for small business accounting. However, running your business off of Excel and paper can cause you to miss opportunities for efficiency. 

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Send Billing Statements In QuickBooks To Nudge Slow-Paying Customers

Wednesday, November 30, 2011
By: Tim Hughes

You've provided the promised goods or services to your customers and followed up with detailed QuickBooks invoices describing exactly what you provided, when you provided it, what the charges are and the date payment is expected. Yet, inevitably, some customers let their payments lag well past 30 days beyond the due date. This can be more than an annoyance: It can affect your cash flow.  

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Give Your Financial Documents A Polished, Professional Look: Use QuickBooks Form Customization

Monday, November 28, 2011
By: Tim Hughes

The most important function of your invoices, sales receipts and other financial documents is to maintain your cash flow. That concept is universal to all businesses. However, your company is unique.  Shouldn’t your financial documents reflect your individuality?    

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On The Road Too Much To Keep Up With Bookkeeping? Oursourced Accounting Is A Good Solution

Wednesday, November 23, 2011
By: Tim Hughes

As a business owner, you are always on the go.  Even when you are in town, you have things to do that always seem to override the importance of accounting work.  When you are out of town building your business, you definitely do not have time to keep up with expenses, collections or accounts payable. 

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Minimize Your Income Taxes By Considering These Deductions

Monday, November 21, 2011
By: Tim Hughes

Income taxes are a subject which many small business owners approach with anxiety.  Taxes have to be paid, but with business deductions, how much is really owed?  An accountant specializing in business tax law should be able to answer that question with ease.  The problem many business owners run into is that the accountant is only as good as the data supplied. 

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Use QuickBooks Report Customization Tools To Gain Better Financial Insight

Thursday, November 17, 2011
By: Tim Hughes

Report customization QuickBooksThe standard financial reports available in QuickBooks provide a good overview of your company's financial health, but when you need to drill down to specific details for in-depth analysis, QuickBooks report customization is the answer. Most QuickBooks reports permit a broad array of customization options that will provide the unique data set you need to manage your business.  

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