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4 Accounting Tips to Run a Profitable Professional Services Company

Basis 365

It doesn't matter if you run a marketing agency or a management consulting firm when it comes to managing a profitable consultancy business. For a service-based business to be profitable, it is essential to track time and invoicing accurately. These four accounting tips will increase your consulting company's profitability.

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2023 Readers’ Choice Awards – The Readers Have Voted!

CPA Practice

The Readers’ Choice awards also give professionals the chance to see which technologies and workflow systems their peers are using and trust, which can help them build more efficient and profitable workflows for their own practice. We thank the more than 5,000 professionals who participated in voting this year.

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HOW MUCH DOES A QUICKBOOKS SETUP COST?

SchoolofBookkeeping

If payroll is involved, it needs to be fixed. As QuickBooks ProAdvisors, we hesitate to give a quote with setup projects because we do not know exactly what we are dealing with and what information is needed until we complete the file review. In this scenario, a client calls to request help moving from Sage to QuickBooks Enterprise.

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4 Accounting Transactions that Use Journal Entries and How to Enter them in QBO

Ronika Khanna CPA,CA

When using accounting software such as Quickbooks Online , the majority of transactions relate to invoicing customers, supplier bills and categorizing expenses that have been downloaded, are relatively straightforward. However, there are transactions that require somewhat special treatment and are usually entered via a journal entry.

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Business Budgeting Software Guide: Budgeting Software for Small to Enterprise Business

Snyder

Profit margin analysis. Understanding your gross profit margin is essential when creating your budget. To calculate your gross profit margin, you need to subtract the cost of goods sold (COGS) from the net sales (which is gross revenues minus returns, allowances, and discounts) and divide the result by the net sales.

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The Search for Talent in Firms

CPA Practice

Nine out of 10 accountants in the United States report that they have struggled to hire good, quality job candidates in the past year, according to a new survey commissioned by Intuit QuickBooks. That’s an issue when 82% of accountants anticipate business growth in 2023. Cultivate Talent Within Your Firm Roughly half of U.S.

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Information on Filing T4s/RL-1s and T4As for Small Business Owners

Ronika Khanna CPA,CA

If you have a payroll provider , they will often prepare and submit the T4 slip and summary on your behalf. When in doubt it is important to confirm this with your payroll provider. Certain accounting software like QuickBooks and Simply Accounting generate the forms and the information for the summaries.