Creating a Money-Making Business Plan

In my experience (at least with the small businesses I’ve worked with), a business plan is often considered an “unimportant” waste of time, and many small business owners forego creating one.  The truth, however, is that a Business Plan can be incredibly beneficial for a business.  Not only can a business plan create a “Guide” for a company and its employees, but a good plan can also be taken to the bank in order to try and raise funding for a small business.  It can attract investors as well, and it … Read More

Diary of a Bad, Bad Bookkeeper (Day 112) – Theft by Signature Stamp

Betty Bookkeeper Headshot

Dear Diary,

Today the boss went on vacation and guess what he gave me…the Signature Stamp.  I couldn’t believe it when he handed it to me.  I think my smile was from ear-to-ear.  Doesn’t he realize how stupid it is to give me the signature stamp?

“Are you sure you want to give this to me?” I asked all innocent like.  In the back of my mind, I was already calculating how much money I might be able to get now that I had this new stamp.

“Of course.  I trust you,” he told me with an amused little smirk.

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Diary of a Bad, Bad Bookkeeper (Day 30) – The Double Payday Scam

Dear Diary,

Today was payday – the second since I’ve been here.  I figured it was about time to test the Double Payday Scam – to see if my boss would actually catch me.

So, I started the day by doing the Payroll.  Just like two weeks ago, I created and took all of the paychecks to the boss to sign.  He signed them, with only the occasional request to see a corresponding timecard…then he signed mine without question.

I … Read More

The New and Improved “How to Do a Year’s Worth of Bookkeeping in One Day”

Book Cover Picture

(Now Available on Amazon.  Free for Kindle Unlimited Members.  Also available in large print and color.)

NOT Your Usual “How-To Bookkeeping” Book

If you are looking for a book that will answer the question, “What is Accounting?” then this is NOT that book.  This book has nothing to do with accounting standards, principles of accounting or even payroll.  It is a “Wham, Bam, Thank You Ma’am” book written … Read More

Get Out of the Box

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Ever heard the expression, “Think Outside the Box?”  Of course you have – who hasn’t?  Roughly translated, it means to think of the things that people don’t normally think of.  In business, it means to find and utilize the ideas that your competition is missing.

What is my point, you may wonder, and why am I bringing up this topic?  A few days ago, I had a conversation with another bookkeeper that irritated the “heck” out of me.  The bookkeeper worked for a property management … Read More

Diary of a Bad, Bad Bookkeeper (Day 40) – Stealing the Boss’s Identity

Betty Bookkeeper Headshot

[ad#Adlinks Fraud]

I got a new credit card today. Well, technically, I got a new “company credit card” today. When the boss wasn’t around, I went ahead and called his credit card company and told them we had lost his company card and needed a new one. They asked me for all of the usual identifying information – social security number, mother’s maiden name, address, phone, account number, etc. – and of course, I gave the guy on the other end of the line … Read More

Laptop Features to Consider For Small Businesses

The following is an excerpt from our eBook, “How to Start a Lucrative Virtual Bookkeeping Business.”

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One of the things I see a lot of when it comes to bookkeeping is laptops…lots of laptops.  Some work incredibly well (whether for bookkeeping or anything else) while others work horribly.  Thus, I have compiled a list of features to consider when shopping for any laptop, whether for bookkeeping alone, or for business in general.

(If you have any further recommendations, please leave them in the comments so that other readers will know what to consider.)

  • Must-Have Features … Read More
  • How to Make QuickBooks Enter Transactions For You

    If you’ve already gotten OUR EBOOK: “How To Do A Year’s Worth Of Bookkeeping In One Day”, then you’ll probably already know how to do this step.  This excerpt is straight from that eBook with only a few modifications for those who haven’t read the book yet.

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    Do you have a lot of transactions that repeat from day to day, week to week, month to month in your business?  What about repeating transactions that need … Read More

    Diary of a Bad, Bad Bookkeeper (Day 195) – The IRS

    Betty Bookkeeper Headshot

    Dear Diary,

    Today I got a notice from the IRS.  Luckily, the receptionist passed the letter to me unopened before the boss saw it (she didn’t know what it was), and he doesn’t know it’s here.

    Opening the letter, I was shocked.  The IRS said that the company owned payroll taxes on the paychecks for the last three months that I’ve been here, and since we hadn’t paid when we were supposed to, we now owe penalties and interest.  Apparently, payroll taxes are due within three business days of cutting payroll checks, and the … Read More

    QuickBooks, Quicken and TurboTax

    imageAt this time of year, your taxes are hopefully done, and you are probably not thinking of taxes at all. That’s all well and good, but have you begun planning for next year? Because whether your business is brand new, has never had a “regular bookkeeper”, or has been doing bookkeeping the same old ways for numerous years, it never hurts to consider if this year is the time to update your bookkeeping programs or stick … Read More