Petty Cash- What You Need to Know

By: Audry Lewis, Administrative Assistant We have all heard of the term petty cash, but do we know what it means and are we taking the right steps when it comes to accounting for it? In this article we will go over what petty cash is, what to have on hand, and how should we … Continued

QuickBooks Desktop Enterprise 2021

By: Natalie Bruns, CPA, MBA- Manager In addition to QuickBooks Desktop Premier and Pro 2021 improvements, Intuit has also added new features for only Enterprise Subscriptions.  Below is a list of some of the 2021 improvements. Data Level Permissions – Intuit has updated the user roles within QuickBooks Enterprise to assign to different users.  This … Continued

QuickBooks Desktop 2021

By: Natalie Bruns, CPA, MBA- Manager Every year, Intuit does updates to QuickBooks Desktop by adding new and improved features.  Below are some of the most recent additions they have made for QuickBooks Desktop 2021. Improved Bank Feeds – New changes to the bank feeds section of QuickBooks Desktop allows users to switch to Advanced … Continued

Real Tips from Real Accountants: QuickBooks Timesaving Tips

Our BSST Team works in QuickBooks daily, for varying size clients, in varying industries.  They know all the ins and outs and the best techniques for recording activity in a timely, efficient manner. We have asked them what their most used time saving feature of QuickBooks is.  Here is what our team has to say. … Continued

Intuit Announces QuickBooks Online Price Increase

By: Natalie Bruns, CPA, MBA- Manager On June 1st, Intuit announced upcoming price increases for three QuickBooks Online Products.  The prices increase allows for Intuit to reinvest in their products to deliver more value to their customer, and businesses around the world.  The new fee structure and timing of subscription increases are below.  These subscription fees … Continued

Business Expenses – Explained in 4 Simple Steps

By: Audry Lewis, Administrative Assistant Have you ever thought of how you could lower your variable expenses or what accrued expenses are? I am sure these are questions many of us have wondered about before. But, first let us find out what each of these expenses are defined as so that we can get a better understanding.  Variable Expenses: These are expenses, … Continued

Understanding the Employee Retention Credit

Business owners need be aware of details surrounding the Employee Retention Credit (ERC). Created within The CARES Act that was rolled out earlier on during the COVID-19 crisis, the ERC provides a payroll tax credit for owners who continue to pay employees during a quarter while their business was not fully operational due to the … Continued

Getting the most out of your financial statements

Improving financial performance is a top priority for any business owner. Financial statements prepared by a CPA can help by identifying financial and operational deficiencies and discovering areas for cutting costs and generating revenue. To reap these benefits, you must learn how to glean the information that will be most valuable. Which statements should you … Continued

Real Tips from Real Accountants: The Importance of Year-End Clean-up

With 2020 quickly drawing to a close, many members of our Business Services & Solutions Team are assisting valued clients with the year-end clean-up process. What is this process exactly and why is it so vital as we move towards starting a new year? Here is the prompt some of our team members weighed in … Continued