You have all heard the saying, “Money doesn’t grow on trees.” We all get that. But what no one tells you is where money does grow. The truth is that money grows in “other people’s pockets.” So how do you get your share of money in “other people’s pockets”? Relationships. I have said for decades…
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Should You Enter Transactions as Journal Entries in QuickBooks?
Ask the Accountant… Question: I had some accounting in college. Can I enter transactions in QuickBooks as Journal Entries instead of learning the software? Answer: QuickBooks is designed to follow their designated flow so that your entries are recorded correctly. By doing this, the debits and credits are recorded automatically in the background of the…
Read MoreWhy You Need Business-Only Bank and Credit Card Accounts
Ask the Accountant… Question: I have been using my personal checking account and credit card for my business transactions. Are there any problems with doing that? Answer: Yes! You are creating myriad problems by using personal accounts for both personal and business use. The term for this is “commingling of funds.” The first problem is…
Read MoreLinkedIn Company Pages: Why You Need One
Considering the promo distributor business is a B2B, account-based type of business, as a distributor, your time is best spent on LinkedIn. While there are many people teaching how to use LinkedIn to get more business, few are talking about the great benefits of LinkedIn Company Pages…
Read MoreWhat Is Your Say/Do Ratio?
There are many admirable characteristics that help accelerate success in business and life. One characteristic is “reliability” which can be measured by your say/do ratio. Your say/do ratio is simply the ratio of the promises (things you say you will do) to the promises you keep (the things actually you do) that you said you will…
Read MoreHow to Build a High-Performing Team With Keith Ferrazzi
“High performing teams have radical candor and accountability—they will say what they’re thinking about ideas and each other,” explains Keith Ferrazzi, founder of a global consulting and coaching firm that works with Fortune 100 companies. Ferrazzi shares his secrets on…
Read MoreHow to Add Calculations in QuickBooks Reports
Ask the Accountant… Question: Can I add calculations to reports in QB Premier? Answer: Yes. QB Premier has a wide array of reports, and you can access the QuickBooks Community for contributed reports. All QB Premier reports can be expanded by way of a link to Excel. Click on Excel at the top of the…
Read MoreThe Real ROI of Social Media for Distributors
Just like when you joined a networking group, joining and showing up once in a while won’t get you any results. The same goes for social media. Social media is the space where you can get discovered by your ideal prospects and become familiar to them so you’re on their radar when they’re ready to buy…
Read MoreAvoid This One Common Mistake With Marty Schaffel
Marty Schaffel made one mistake that almost cost him his entire business. In that moment, he had to reinvent himself—and today the company’s sales are over $1.4 billion. Tune in to this week’s Million Dollar Monday as Schaffel shares his story and key advice about creating success through business, management and mentorship…
Read MoreIs QuickBooks Making You Log Into Intuit?
Ask the Accountant… Question: Why is QuickBooks Premier making me log into my Intuit account when I open my QB? Answer: This is a relatively new requirement, but I suspect it’s here to stay. When you open your QB Premier file, you will now be prompted to log into your Intuit account as the admin.…
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