For business owners, there is no worse feeling than acknowledging a receivable will not be collected. That bad debt has to get off the books, resulting with business owners writing it off. There may be some solace by claiming a bad business debt deduction on the business tax return
Reviewing downloaded transactions before adding them into the books may sound complicated. It can be at first. Consistently preforming the process, you’ll understand the flow much better. If you’re not clear on the process from the start, it can lead to trouble and messy record keeping.
Stuff we read this week that we think is worth sharing.
Stop Writing Checks. Check fraud is on the rise. Here are ways to protect your business against theft and fraud.
All people are Tax people. Don’t let Intuit, Turbo Tax and Quickbooks make you feel dumb because you are not feeling comfortable with doing it all yourself.
Business owners deal with a lot of messes every day – back room inventory overflows,…