The Devilish and Dangerous Debit Card

What could possible be dangerous about a business owner’s debit card? It’s attached to the checking account, so he’s not as likely to accumulate debt on it like he could a credit card. It is much easier to carry around than a checkbook, and as already stated, won’t accumulate an unpaid balance like a credit card would. Where’s the danger? There are two actually. Let’s look at them. Read More »

Tags: Accountants, Atm Machines, Business Card, Business Expense, Business Owner, Business Owners, Card Punch, Checkbook, Checking Account, Credit Card, Credit Cards, Debit Card, Irs, Lost, Missing Receipts, Personal Cash, Personal Purposes, Riot Act, Transaction Fee, Unpaid Balance

Gift Cards and Gift Certificate Accounting

If your company is considering the addition of gift cards or gift certificates as an option for your customers, it will be important to understand the accounting that will be required to track these items.

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Tags: Accounting Company, Books, Charitable Contributions, Charitable Event, Credit Card, Current Liabilities, Gift Card, Gift Cards, Gift Certificate, Gift Certificates, Income Account, Numbering System, Pos System, Redemption, Service Provider

QuickBooks & FreshBooks – Part 3 – Sales Tax

Part 3: Handling Sales Tax

QuickBooks is an accounting application and FreshBooks is an invoicing application. They are two different things, but in the end to have your data matching in both, there could be a ton of double entry resulting in valuable time consumed and strenuous effort.

You can have your data accurate in both, while not matching in both. Matching and accuracy are two different things. For all of the numbers to match up, it is a matter of accuracy. To have all of the details such as sales items etc. it would be a matter of matching.

In this blog post, I will begin to show you ways to get accurate data from FreshBooks into QuickBooks.

This blog post is Part 3, if you have not read the previous posts, I suggest that you do:

Part 1: Methods 1 & 2 to getting FreshBooks Income into QuickBooks

Part 2: Method 3 to getting FreshBooks Income into QuickBooks

Also useful, is my post: Handling Credit Card and PayPal Processing Fees in QuickBooks, which has a short segment relating to FreshBooks as well.

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Tags: Accrual, Accuracy, Accurate Data, Amp, Bas, Blog, Credit Card, Freshbooks, Good Stuff, Income Accounts, Invoicing, Matter Of Fact, Paypal, Quickbooks Accounting, Receivables, Sales Tax, Segment, Strenuous Effort, Tax Accounting, Two Different Things