Tag Archives: bookkeeping

Managing Cash Flow (part 2)

Last time we talked about using Accounts Payable or vendor payments to help manage your cash flow by negotiating discount terms, delaying payment, and using credit cards. Now let’s talk about Accounts Receivable. Accounts Receivable is invoicing your clients or … read more

Managing Cash Flow

There are several ways to manage and control both of these functions and find some hidden cash (or hang on to your cash longer).  You need to create a systematic way to manage these and if you have others involved, … read more

How to Create a Business Budget

If you use it, a well-planned budget can be a powerful business tool.  Used with a working business plan and QuickBooks software, a budget will help you make well informed choices for your business. Create Monthly and Yearly Projections A … read more

Keep it Professional: Separating Business Books from Personal Books

Use a Business Banking Account Regardless of your business structure, your personal finances should not mix with your personal finances.  The easiest way to separate your business finances from your personal finances is to have a separate account for your … read more

Avoiding Common Bookkeeping Mistakes

From sole proprietors to major corporations, bookkeeping is a significant part of any business.  While it is typically not one of the more exciting jobs, bookkeeping is at the heart of a company’s success, and errors can cost the company … read more

Accurate Records: It’s All in the Details

Keeping accurate records is not difficult, but it can be time consuming.  In order to cut down on the time you spend on your bookkeeping and the money you spend on your bookkeeper and accountant, we have a few helpful … read more

Setting-up Your Bookkeeping System

The first step in responsible business management is to set up a reliable bookkeeping system. Choose a simple record-keeping system that is easy to execute and understand. It should be simple, reliable, accurate, and consistent.  It should also give you … read more

Bookkeeping Versus Accounting

What is the difference between accounting and bookkeeping? Many people think that bookkeeping and accounting are the same thing, but bookkeeping is supplemental to accounting.  Bookkeeping is the process of recording, classifying, tracking, and monitoring financial transactions; it is all … read more

Meet Our Team

Our website is not the only part of Quality Accounting Solutions that has undergone some exciting updates.  This year we added a new staff member, and we are offering a wider array of bookkeeping and accounting services. Vicki Borror has … read more

Welcome to the New Quality Accounting Solutions Website!

Welcome to the new and improved Quality Accounting Solutions website and blog.  We hope you find this updated website helpful, interesting and easier to navigate than our previous version. You will be able to register for classes through our calendar, … read more