Beginner’s Guide to Profit and Loss Statements (P&Ls)

You’re excited about the creation of your business. Your hard work is coming to fruition and your business is going live. Even if your entrepreneurial spirit isn’t particularly geared toward financial accounting, it’s a crucial part of your business’ success or failure. Fortunately, there are P&L templates available, and accountants are very accustomed to helping …

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Taking Bitcoin – Does it Make Sense For Your Business?

Let’s take a look at what Bitcoin is, how you can accept it, and whether you should consider taking it at your business. What is Bitcoin? Bitcoin is a cryptocurrency. The term sounds cloak-and-daggerish, but it refers to a digital currency designed to exchange information via encryption techniques. There is no physical coin in a …

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QuickBooks Integration: Getting Credit Card Processing Data into QuickBooks

There are many processors who are able to offer integration or data export for QuickBooks, eliminating manual transaction entry. Types of QuickBooks Solutions Firstly, it’s important to understand which QuickBooks programs or systems you want to integrate. Intuit offers several QuickBooks solutions: accounting software, payment processing, and point-of-sale software. QuickBooks Accounting Software QuickBooks accounting software …

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