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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Bathroom Mirror Success

To many, it is just a bathroom mirror. However, for poker legend and 15-time World Series of Poker Bracelet winner Phil Hellmuth, the bathroom mirror was his key to success. I recently interviewed Phil for my video series, Million Dollar Monday (M$M) and he told me his bathroom mirror success story. When Phil was younger,…

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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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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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