Category: Accounting
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Accounting services engagement agreement – updated for 2020
This page is outdated. A more recent version is available: Sample accounting services engagement agreement 2021 Dear : Thank you for choosing me to help you with business services and accounting. This engagement agreement is meant to clarify the details of our work. Even though it is long, it is written in plain language for…
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Lenovo Thinkpad T-580: one year review of a solid notebook computer
A little more than a year ago I purchased a Lenovo Thinkpad T580 notebook computer and by now I now have at least a thousand hours of use on it. I reviewed it last October in another log post here. This is a short bullet point update of that review now, a year later. No doubt, this…
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Why hourly billing rates are a bad idea in small business accounting
This excerpt below comes from a 10/23/2019 article in Accounting Today by Loren Fogelman titled “Your Hourly Rate is Unfair to You and Your Clients”. It echos and reaffirms many of the concepts I’ve used to develop my Pricing Policy. An Hourly Rate Creates Tension Clients closely watch the clock when you charge for your…
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How to protect yourself from IRS Collections and Private Collection Agencies
IRS is expanding the use of private collection agencies to collect tax debt. If you are among the 1 in 15 adults who owes tax debt then there are specific steps that you should take to protect your money and your privacy. 1. You have rights. But it is up to you to know those…
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Unhappy with your small business accounting system?
One of my top priorities after tax season (today) is to implement an alternative accounting platform for my small business clients. We are aware that all technology platforms have their strengths and weaknesses, so we must understand and order our priorities. For example: QuickBooks (the world’s largest platform ) advantage are also it’s disadvantages: 1.…
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Amazon’s decline can hurt the CFO’s reputation
An article in today’s Wall Street Journal talks about failure of Amazon to maintain quality control over its retail network. I wish it had been published two months ago. I was ‘late to the party’ in adapting Amazon as a preferred provider of supplies for my small business clients but finally made that commitment this…
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Reduce business checking fees
Today’s banking services are less expensive in the past but banks’ revenues are actually greater today. Why? Banks add extra fees for add-on services that can be avoided but only with proper management oversight. For example, most of the nation’s bill payment processors charge a hefty fee for cancelling and replacing a lost check. Many…
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“To pay a vendor”
I’d love to discuss how your business can pay bills more quickly, with better management control and at a lower overall cost. Please the chat box below or the scheduling link to make an introduction. Businesses routinely pay vendors as part of normal operations. We commonly refer to our requirement to “pay the bills”. There…