Quickbooks FAQs

Thursday, March 16, 2023
Almost 40 years after its launch, QuickBooks® remains the leading accounting software program for small and medium-sized businesses. If you decide to use QuickBooks for your bookkeeping needs, you may...... Read More

How must the costs incurred for intangible assets be capitalized?

Monday, March 13, 2023
These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so complicated? IRS regulations require the capitalization of costs to:...... Read More

Choose the right accounting method for your business

Thursday, March 09, 2023
Timely, accurate financial information is essential to running a successful business. There are a number of accounting methods you can use to record and track your business’s financial performance. Here’s...... Read More

How to report software costs

Thursday, March 02, 2023
What do Tesla cars, smart TVs and equipment used for making french fries have in common? The answer is embedded software, according to recent comments by Financial Accounting Standards Board...... Read More

Should you update your accounting practices?

Thursday, February 23, 2023
If you ask some business owners why they do things a certain way, they might answer, “Because we’ve always done it that way.” But with all the changes that have...... Read More

How are savings bonds taxed?

Tuesday, February 21, 2023
Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself. You may wonder how...... Read More

If your CFO or controller leaves, what do you do?

Thursday, February 16, 2023
A leadership departure in your accounting department can create turmoil, at least temporarily. However, it also provides an opportunity to assess the department’s performance and create a vision for how...... Read More

Accounting policies and procedures are essential for nonprofits

Thursday, February 09, 2023
Financial reporting isn’t all about profits. Not-for-profit entities can also benefit from implementing formal accounting processes. From preparing budgets and monitoring financial results to paying invoices and handling payroll tax,...... Read More

How to prepare for year-end inventory counts

Thursday, February 02, 2023
How accurate is the amount reported in your company’s perpetual inventory system? To best answer that question, a physical count is essential at year end. Planning tips Though physical counts...... Read More

Consider filing your return early to protect your identity

Tuesday, January 31, 2023
The IRS announced it opened the 2023 individual income tax return filing season on January 23. That’s when the agency began accepting and processing 2022 tax year returns. Even if...... Read More