The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Bookkeeping · 3 min read ·
Separating Business and Personal Funds
One in five business owners fails at separating business and personal bank accounts. Small business owners are more likely to put off setting up a business bank account. This is a mistake that can lead to many reporti…
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Bookkeeping · 3 min read ·
5 Tips to Help Cash Flow Issues
Are you running your business hoping you'll have enough money to pay your expenses when they come due? Does not having enough cash on hand worry you? It's time to review your balance sheet to see if you can make impro…
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Bookkeeping · 2 min read ·
Using Financial Reports to Help You Strategize for Success
Is your bookkeeping up to date? If so, are you using the information available to you to plan the success of your business? According to Merriam-Webster, the definition of strategize is to make a plan for achieving a…
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Bookkeeping · 2 min read ·
Separating Business and Personal
Many small business owners run their financial transactions through personal bank and credit card accounts thinking it is easier (and possibly less expensive). As a business owner, you need to have separate bank and c…
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Bookkeeping · 4 min read ·
6 Meaningful Ways to Show Your Bookkeeper You Love Them
I was reading through some of my e-mails last weekend and came across this blog post by Melanie Power who is the Director - Power Finance and Head of Bookkeeping at the online bookkeeping software company, Xero. In he…
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Bookkeeping · 2 min read ·
Technology Makes it so Easy to Collaborate with your Bookkeeper!
Are you a small business owner trying to do it all including handling your bookkeeping? Are you afraid it would take too much effort to get information to someone for them to help you? Technology makes it so easy to c…
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Bookkeeping · 3 min read ·
How to Correct a 1099 After the Original Has Been Filed
So you knew 1099 forms had to be processed for vendors who met the IRS guidelines and you filed them timely. Periodically, a business finds a mistake after forms are filed which needs to be corrected. What do you do i…
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Bookkeeping · 3 min read ·
Oops! You missed the 1099 filing deadline. Now what?
Are you an entrepreneur so busy with running your business that you sometimes forget about filing deadlines? Did the 1099 filing due date pass you by and you just realized you owe forms to your freelance contractors a…
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Bookkeeping · 3 min read ·
Common Questions Asked When Seeking a New Accountant
Are you new in business and looking for a CPA? Or perhaps you need to find a new one due to retirement, relocation, or unmet needs. Finding the right CPA is not easy, but knowing the right questions to ask can help yo…
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Bookkeeping · 3 min read ·
What is Class Tracking and Why Would You Want to Use It?
Class tracking is a capability in QuickBooks that allows you to monitor your income and/or expenses by categories. Although this is a feature available with the desktop version automatically, to have this capability i…
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Bookkeeping · 4 min read ·
Save Time with Inventory Assemblies
In a previous blog I discussed how to properly use the Group Item function in QuickBooks. Today I am going to explain how to properly utilize a similar function called Assembly Items. Assembly Items are for inventory…
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Bookkeeping · 2 min read ·
What Is a Group Item and How to Use It
Do you often sell multiple items together? Would you like to create a package where you only need to list one item and all of the parts that make up the whole auto-fill? If this scenario applies in your business, you'…
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