Accounting

The Most Important Criteria for Selecting an Accounting Agency

Every year, Expertise.com reviews over 156 accounting firms in the Boston area and selects the top firms. We’re proud that we made the list in 2018. Of course, we believe that outsourcing your bookkeeping and accounting makes a lot of sense,...

4 Times Accounting Errors Cost Big Companies Big Money

It’s no secret that companies make accounting errors all the time. Some of those are the result of fraud, but even when everyone is acting in good faith, mistakes can happen. Sometimes the impact is more about inconvenience than anything...

Setting Up Dimensional Charts of Accounts for Accurate Data Forecasting

One of the most fundamental aspects of your business's bookkeeping and accounting is its chart of accounts. Taking the time to set up your chart of accounts correctly can both make your accounting work a lot easier and make your...

5 Questions SaaS Companies Should Ask Their Accountant

Software-as-a-Service (SaaS) companies enjoy unique and inherently profitable business models, but the benefits come at a cost: accounting for SaaS companies can be notoriously complex and become even more so when the standards for financial accounting enter a state of flux....

QuickBooks Power Features for SMB Users

We probably don't have to tell you that QuickBooks is a pretty powerful piece of software — it is, by far, the leading accounting software platform for small and mid-sized businesses. And while it's pretty easy to get up and...

Choosing the Accounting Method That’s Right for Your Business

All companies need to decide what accounting model to use for their business. Generally speaking, cash accounting is simpler to execute, while accrual accounting is more complicated but more precise and more helpful if you really want to understand what's...

Managing Recurring Revenue Accounting More Efficiently

If you're in the business of selling widgets, allocating revenue is pretty straightforward: you sell a widget, your customer pays you, and you book the revenue. But in other businesses, allocating revenue is much more complicated. Consider, for example, a...

Migrating from QB Desktop to QB Online: 5 Ways to Make it a Smooth Transition

With QuickBooks Online offering numerous features and time-saving capabilities over its desktop counterpart, more QB users are making the shift to QB Online. Here are a few tips to make the process as simple as possible. 1. Double Check QuickBooks...

How to Tell When it’s Time to Outsource Your Bookkeeping and Accounting

For lots of really good reasons, many small companies start off doing their bookkeeping and accounting themselves. Yet as business picks up and the company grows, that approach becomes less and less viable. So how do you know when you've...

Tips for Securing Your QuickBooks Data

QuickBooks is accounting management software ideal for small and mid-sized businesses that want more efficient management of their bookkeeping. Unfortunately, software that handles sensitive client information is a common target for hackers and malware. With that in mind, all users...