Reconcile Before the End of the Period

Ask the Accountant… Question: I produce my month-end statements and then do my reconciliations whenever the statements are ready. Is that the right order? Answer: Reconciliations are an important step in keeping your data up to date. Reconciliations are a safeguard that your numbers are correct, or at least entered in your system. A reconciliation…

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What You Should Know About QuickBooks Payment Reminders

Ask the Accountant… Question: QuickBooks can send payment reminders to clients. What do you know about it? Answer: That is a new feature in QuickBooks that might be helpful, but . . . I have reservations about it for our industry, because the automated nature of the payment reminders takes away the personal nature of…

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Mental Health and Diversity With Gold Bond’s Britney Godsey

The embrace of diversity is to support those diminished by stigmas, and mental health in the workplace is certainly one of the more prominent stigmas. There continues to be a great deal of unconscious bias on mental health issues in the workplace that impact quality of performance. This loss of productivity is debilitating not only to the individual, but to the organization as a whole…

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You Must Do This to Be Successful

One key mindset ingredient of million dollar success is the mindset of knowing. Successful people have this common mindset. When they set out to achieve something, they don’t wonder if they will be successful. They don’t doubt that they will be successful. They surely don’t actively worry that they will fail…

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Do I Have to Use QuickBooks Payroll?

Ask the Accountant… Question: If I convert to QuickBooks, do I have to use QuickBooks Payroll? Answer: There is no requirement to use QuickBooks Payroll. Our businesses generally involve very few, if any, employees. And payroll is rarely a needed function. My clients who do have a payroll typically use outside payroll services, or have…

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