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Learn how to implement a management accounting system – so you can make informed business decisions each day! Did you know there are different types of accountants and accounting viewpoints? Many business owners don’t. There are a handful of different kinds of accounting systems, but the two main kinds are management accounting and financial accounting. …
Are you one of the many small-business owners taking on your own accounting? Let QuickBooks desktop help you like it’s helped millions others. In recent years, many small- and midsize-business owners have been steering away from using trained accountants for their financial needs and, instead, have taken on the responsibility internally – either by doing …
Job cost reporting can reveal the true costs and profits for each job as they happen, allowing you to fix issues before they cost you. Are you keeping a close eye on your materials costs, ‘shopping’ for the best deals on equipment, and managing employees so that they are making more money than they actually …
Learn how job cost accounting can help small-business owners take control over each job and their profits through cost and profit analysis. As a small-business owner, one of the best ways you can track the real progress of your business is through job cost accounting. In other words, if you keep track of your income …
Knowing how to calculate and interpret your gross profit percentage helps keep your profits high and your costs low. Learn how today… Gross profit percentage: In plain English, this is the percentage of money you’ve made from selling a good or service – after you subtract the cost of producing that good or service. You …
Every business owner needs to know how to calculate their gross profit margin (%) and net profit margin (%). After all, it’s what shows you how much profit you’re making! As a business owner or bookkeeper, the most important numbers you’ll ever need to know may very well be your profit margins. There are two …
Calculating overhead can be tricky, but QuickBooks can help you calculate and monitor your business overhead expenses more efficiently and effectively. Have you ever wondered exactly WHAT business overhead expenses really ARE? Do you know what YOUR business overhead expenses are? Or how to go about actually calculating your business overhead expenses? Maybe someone else …
Taking over your business’ accounting system can be confusing. So, let’s start by going over basic accounting concepts, principles & terms. If you’re getting ready to set up your own in-house accounting system for your business, the best place to start is with some basic accounting concepts. First of all, can you answer the question: …
Learn how to accurately gauge the financial health of your company through your accounts payable information. Even if you are new to accounting, I imagine that you’ve heard the term “accounts payable” before. For those who haven’t been working as accountants for years, “accounts payable” is a liability to your business. Or, in laymen’s terms, …
Let BuildYourNumbers.com explain why you should use QuickBooks compatible inventory software to integrate and streamline your systems. Do you have an inventory? If so, how do you keep track of that inventory? Whether you’re already using inventory accounting software or keeping track of your inventory through lists, spreadsheets, or year-end adjustments, I’m about to show …
Learn how inventory software can help your small business save time and money over the long term. Small-business owners have to keep track of their inventory just like all other businesses, but with fewer resources available to them. You could try to track inventory by keeping a list in a notebook or on a spreadsheet, …
As a small or mid-sized business you only need one cost-effective, integrated accounting system to effectively manage your financial operations… Have you made the jump to manage your own accounting? If so, have you found yourself lost in a sea of financial software? In fact, you really don’t need those five or six manual systems …
… Learn how to use QuickBooks to its full potential with this information from BuildYourNumbers.com! Do you use QuickBooks to manage your accounting? For years, mid-sized and small-business owners have found QuickBooks desktop (and Intuit Enterprise Solutions) to be the most economical, efficient and flexible program for in-house accounting. Yet these businesses are often not using …
Keeping tracks of hours, union wages, social security, & workers comp can be difficult. Let specific construction payroll software help. If you run a remodeling or construction company with employees, you know that those employees are an essential element of your business. How else would you get client jobs completed for clients in a timely …
Have you ever wondered how financial & accounting software could benefit your business? Learn to manage your own finances with QuickBooks… Every business faces the challenges associated with accounting. But for mid-sized and small businesses especially, the challenges associated with managing money can mean the difference between success and failure. As a small-business owner, you …
Choosing an accounting system for your small business? Read about the flexibility, comprehensiveness & usability of QuickBooks. As a small-business owner trying to navigate your own business accounting system you are faced with many choices. You may have searched online for various small-business financial accounting software programs that offer different benefits to your business. But …
Job costing is a difficult part of construction & manufacturing accounting, but with the right training you can easily use QuickBooks! Job costing is the most complex aspect of construction accounting or manufacturing accounting. Contractors and manufacturers must be able to accurately predict, record, and control the cost of each job. Materials, labor, subcontractors, & …
If you’re struggling to understand and measure your Labor Burden and its effect on profit, these articles by Diane Gilson will teach you how to do it. Labor Burden & Profits – An Example What do your employees really cost? Let’s look at an example to determine Labor Burden. We’ll start with an employee (“Pat”), …
Why is a “bad” date on a QuickBooks transaction a problem? If you find a transaction in your accounting records and it doesn’t have the right date on it, it could be a significant problem! Why? Here are a few things to consider: One of the first things that help you to know how you’re REALLY doing …
If you’re struggling to understand or measure your labor burden and its effect on profit, let BuildYourNumbers.com help you with our accounting and job-cost tutorials. Labor Burden & Profits: What’s the Connection? Got employees? If so… What’s it cost to put them “into the field”? What should you be charging for their time? Should you avoid …
This article by BuildYourNumbers.com will teach you more about what you need to know about labor burden and its effect on profit. What exactly is it? How Does it Impact My Business? “Do my employees really cost this much?” While you probably have a good handle on your employees’ hourly wage or salary costs, and know …
Company owners sometimes ask me: “Should balance adjustments arising from account reconciliation problems cause me any concern?” In my experience and opinion, accounts should reconcile – right down to the penny – almost all of the time! Account reconciliation is paramount, here’s why… The account reconciliation process is just a large matching game between what …
Locate and correct damaged transactions in your QuickBooks data file If you get the “Data Has Lost Integrity” message after 2 rebuilds, look for remaining damaged transactions by performing the following steps. QBWIN.LOG Press Ctrl+1, then Ctrl+2. This will take you to a window called Tech Help. Click on the Open File tab. In …
Verify data in your Quickbooks Data File Broken database links still giving you trouble? If, after re-sorting your list, you are still experiencing unusual results, you’ll want to verify your data. The QuickBooks Data File Verification Feature… …is designed to detect problems with the data and related links. To use this Quickbooks data file verification, …
Often, problems with your QuickBooks data file result from broken database links Intuit Enterprise Solutions is a database comprised of many fields and records that are tied together with various pointers and links. Over time, you may end up with broken database links and pointers. When this happens you may find some unusual numerical results …
QuickBooks & Enterprise Solutions are, generally speaking, stable, logical, and powerful programs.
When something isn't working properly, however, it's very easy to lose perspective and get upset or angry with the software.
This article by Dan Rooks describes the various kinds of accountants and their roles. Info Plus President, Diane Gilson, contributed some thoughts and background information. Dan is co-founder and CEO of Decisive Systems, Inc., a software company that measures the operating cost of heavy equipment. Besides creating “Tools to make smart machine owners smarter”, DSI also …