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		<title>Who Handles the Accounting For Your Small Business?</title>
		<link>https://www.moneythumb.com/blog/small-business-owners-time-hire-accountant/</link>
					<comments>https://www.moneythumb.com/blog/small-business-owners-time-hire-accountant/#respond</comments>
		
		<dc:creator><![CDATA[Denise Grier]]></dc:creator>
		<pubDate>Mon, 10 Aug 2020 14:22:39 +0000</pubDate>
				<category><![CDATA[Small Business]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[accounting 101]]></category>
		<category><![CDATA[accounting software]]></category>
		<category><![CDATA[business accounting issues]]></category>
		<category><![CDATA[financial planning & analysis]]></category>
		<category><![CDATA[help with taxes]]></category>
		<category><![CDATA[hire an accountant]]></category>
		<category><![CDATA[hiring an accountant]]></category>
		<category><![CDATA[part time accountant]]></category>
		<category><![CDATA[robert half]]></category>
		<category><![CDATA[small business bookkeeping]]></category>
		<category><![CDATA[small business finance]]></category>
		<category><![CDATA[tax time]]></category>
		<guid isPermaLink="false">https://www.moneythumb.com/?p=17861</guid>

					<description><![CDATA[<p>As a small business owner, you may currently be handling the finances of your company on your own, or having your office manager take care...</p>
<p>The post <a href="https://www.moneythumb.com/blog/small-business-owners-time-hire-accountant/">Who Handles the Accounting For Your Small Business?</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>As a small business owner, you may currently be handling the finances of your company on your own, or having your office manager take care of it. There are great accounting software programs that help small businesses with small financial tasks, such as Quickbooks, Quicken, or Freshbook, for instance.</p>
<p>However, especially at tax time, having an accounting professional take care of your finances takes SO much weight off of you, and frees up time to build your business. Another great aspect of having a professional, qualified accountant on your team is that you will feel like you have bought an insurance policy against faulty or ineffective financial management of your business. You will rest well knowing you have a pro handling things in the most effective and legally correct way.</p>
<p>If you are just starting out, an accountant can help guide you in decision making when your personal finances are tied to your business. He/She can also advise you on important aspects of setting up your business, such as whether to create an LLC or other type of corporation to take the most advantage of tax breaks and future financial issues.</p>
<p>If you are already in business, a professional accountant can handle all tax preparation, advise you on financial growth and investment, create financial reports for possible investors, budget planning, give advice on regulations and laws, write new business plans, and the list goes on. Having an accountant on board means you are freeing up your time and the time of your office people to work on other tasks that will grow your business evermore.</p>
<p>If you feel your business is not quite ready for a full-time accountant, it is very common for accountants to freelance and only work for their clients during the tax season or other busy periods the business encounters.</p>
<p>Or it could be that you are ready to actually create your own in-house accounting and financial team to enhance your business. If this is where you are in your small business journey, and you want to make sure you hire and retain the best people, <a href="https://www.roberthalf.com/workplace-research/aicpa-retention-strategies" target="_blank" rel="noopener noreferrer">download this free report</a> from Robert Half, one of FORTUNE<sup>®</sup> magazine's <strong>"World's Most Admired Companies." </strong>The report is called <strong>The People Puzzle: Building and Retaining a Talented Accounting and Finance Team. </strong>Robert Half and the American Institute of CPAs (AICPA) surveyed accounting and finance staff to learn what motivates them in the workplace. The survey results provide essential insights into what factors make employees want to build a career with a company.</p>
<p>The bottom line is that an accredited accounting expert--whether you hire a firm to handle your finances, a freelancer to do it part-time or even create your own in-house accounting team--will be able to manage your company's finances far more efficiently and profitably than you could ever do it yourself.</p>
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<p>The post <a href="https://www.moneythumb.com/blog/small-business-owners-time-hire-accountant/">Who Handles the Accounting For Your Small Business?</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
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		<title>A Wealth of Free Resources for Accountants</title>
		<link>https://www.moneythumb.com/blog/free-resources-accountants-bookkeepers/</link>
					<comments>https://www.moneythumb.com/blog/free-resources-accountants-bookkeepers/#respond</comments>
		
		<dc:creator><![CDATA[Denise Grier]]></dc:creator>
		<pubDate>Thu, 14 Nov 2019 13:59:54 +0000</pubDate>
				<category><![CDATA[Accounting Resource]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[accounting tools]]></category>
		<category><![CDATA[free stuff for accountants]]></category>
		<category><![CDATA[moneythumb]]></category>
		<category><![CDATA[pdf financial file converters free test drive]]></category>
		<category><![CDATA[small business bookkeeping]]></category>
		<guid isPermaLink="false">https://www.moneythumb.com/?p=18597</guid>

					<description><![CDATA[<p>Every now and then the Rules of Thumb blog from MoneyThumb likes to share free resources we find around the web with our readers. In...</p>
<p>The post <a href="https://www.moneythumb.com/blog/free-resources-accountants-bookkeepers/">A Wealth of Free Resources for Accountants</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Every now and then the Rules of Thumb blog from <a href="https://moneythumb.com">MoneyThumb</a> likes to share free resources we find around the web with our readers. In today's blog post, below we are sharing free resources we discovered that are of great value to accountants.</p>
<p>Goals and Achievements, Helping Accountants Achieve More Career Success, is a site that offers several very <a href="http://goalsandachievements.com/free-stuff/" target="_blank" rel="noopener noreferrer">valuable, free e-courses and reports</a>. Two of the free courses offered are as follows:</p>
<ul>
<li>
<h3><strong>Free 6 Part Leadership Audio E-Course</strong></h3>
<ul>
<li>What’s different about leading than managing</li>
<li>The qualities that you will need to acquire to succeed as a leader</li>
<li>How effective self-leadership can make a real difference to the results you achieve</li>
<li>How to get the best results from your team and lead change</li>
</ul>
</li>
<li>
<h3><strong>Management Mastery For Professionals E-Course</strong></h3>
<p>In this 10 part e-course I want to share with you:</p>
<ul>
<li>The role of the manager</li>
<li>The key qualities for being an effective manager</li>
<li>How to successfully make the transition from highly rated professional to highly-rated manager</li>
<li>The 5 common management styles and when to use them</li>
<li>How to be more personally productive and get more done</li>
<li>How to deal with setbacks</li>
<li>How to achieve more by listening more</li>
<li>How to be more effective at managing others</li>
<li>10 steps to higher levels of motivation</li>
<li>Why you must delegate and how to do it</li>
</ul>
</li>
</ul>
<h2>More Free Resources for Accountants and Bookkeepers</h2>
<p>A site called Build Your Firm, for accountants, CPAs and bookkeepers have this great <a href="http://www.buildyourfirm.com/info_kit_register.htm?gclid=CLjptfTviMwCFcdehgodNnYEJw" target="_blank" rel="noopener noreferrer">free information kit</a>. Here is what their site says about the information kit:</p>
<h2>Learn how to:</h2>
<ul>
<li>Develop practice at profit margins TWICE the industry average</li>
<li>Realize higher hourly fees</li>
<li>Develop a practice that operates as a business (not a job)</li>
<li>Operate the practice with less stress</li>
<li>Capitalize on business owners using QuickBooks</li>
<li>Develop a niche so you can attract higher-value clients</li>
</ul>
<p>This next site with a ton of free stuff is a little different. It reminds me of the very first websites that were ever built, convoluted and confusing, mostly. However, there are so many free things that should not be overlooked due to bad website design. <a href="http://www.businessbookmall.com/accounting%20internet%20library.htm" target="_blank" rel="noopener noreferrer">This page</a> is called Accounting Internet Library, and the site is Business Book Mall. A few of the helpful things you will find are:</p>
<ul>
<li>Accounting Practice Tests</li>
<li>Quick Notes Free Accounting Course</li>
<li>Accounting and Financial Dictionary</li>
</ul>
<p>And there is SO much more there! Really take some time when you check out the site.</p>
<p>Another great freebie we found for accountants is this Free Work at Home Guide that offers <a href="http://www.freeworkathomeguide.com/accounting-and-bookkeeping-jobs/" target="_blank" rel="noopener noreferrer">an article with a list of companies that hire work-at-home accountants and bookkeepers</a>. So if you are looking for more freelance work, check out their list.</p>
<p>And last but certainly not least is <a href="https://www.drakesoftware.com/archive/tax-year-2019-desk-reference-guide/">this free Tax Year 2019 Desk Reference Guide</a> offered by Drake Software and the Taxing Subjects website. Below is the description of this free valuable product:</p>
<p>"<em>Every year, Drake Software compiles commonly used tax information in a convenient, easy-to-use desk reference guide, so paid tax return preparers have the information they need when they need it. The Drake Software 2019 Desk Reference Guide organizes important, frequently used tax information, like the due diligence requirements, Social Security payback limitations, and common filing season requirements.</em></p>
<p><em>Note: Once you fill out the form, you will have access to all Taxing Subjects downloads</em>."</p>
<p>The MoneyThumb team hopes our blog readers who are accountants benefit from the above list of freebies. We want you to know about a freebie we offer, which is <a href="https://moneythumb.com">a free test drive we offer of our PDF financial file converters</a>. So many accountants use this product to improve their practice so if you have never tried out the version of our software specifically designed for accountants, right here before the upcoming tax season is a great time to take a free test drive.</p>
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<p>The post <a href="https://www.moneythumb.com/blog/free-resources-accountants-bookkeepers/">A Wealth of Free Resources for Accountants</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
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		<title>10 Common Issues Accountants Have With QuickBooks and Solutions</title>
		<link>https://www.moneythumb.com/blog/10-common-quickbooks-issues-fix/</link>
					<comments>https://www.moneythumb.com/blog/10-common-quickbooks-issues-fix/#comments</comments>
		
		<dc:creator><![CDATA[Denise Grier]]></dc:creator>
		<pubDate>Thu, 04 Jul 2019 16:29:42 +0000</pubDate>
				<category><![CDATA[Accounting Software]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[bookkeeping]]></category>
		<category><![CDATA[business accounting issues]]></category>
		<category><![CDATA[issues with quickbooks]]></category>
		<category><![CDATA[moneythumb]]></category>
		<category><![CDATA[quickbooks]]></category>
		<category><![CDATA[small business bookkeeping]]></category>
		<category><![CDATA[solving quickbooks issues]]></category>
		<guid isPermaLink="false">https://www.moneythumb.com/?p=17574</guid>

					<description><![CDATA[<p>The Rules of Thumb blog from MoneyThumb understands that the most popular accounting system accountants use is QuickBooks. So today we are going to discuss...</p>
<p>The post <a href="https://www.moneythumb.com/blog/10-common-quickbooks-issues-fix/">10 Common Issues Accountants Have With QuickBooks and Solutions</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The <a href="https://www.moneythumb.com/blog/">Rules of Thumb blog from MoneyThumb</a> understands that the most popular accounting system accountants use is <a href="https://www.moneythumb.com/quickbooks-converters-benefits/">QuickBooks</a>. So today we are going to discuss the 10 most common problems accountants have with QuickBooks and solutions for each problem:</p>
<p><img fetchpriority="high" decoding="async" class="aligncenter wp-image-109789" src="https://www.moneythumb.com/wp/wp-content/uploads/moneythumb-online-accounting-1024x536.jpg" alt="MoneyThumb Online Accounting" width="800" height="419" srcset="https://www.moneythumb.com/wp/wp-content/uploads//moneythumb-online-accounting-1024x536.jpg 1024w, https://www.moneythumb.com/wp/wp-content/uploads//moneythumb-online-accounting-300x157.jpg 300w, https://www.moneythumb.com/wp/wp-content/uploads//moneythumb-online-accounting-768x402.jpg 768w, https://www.moneythumb.com/wp/wp-content/uploads//moneythumb-online-accounting-64x33.jpg 64w, https://www.moneythumb.com/wp/wp-content/uploads//moneythumb-online-accounting-360x188.jpg 360w, https://www.moneythumb.com/wp/wp-content/uploads//moneythumb-online-accounting-10x5.jpg 10w, https://www.moneythumb.com/wp/wp-content/uploads//moneythumb-online-accounting.jpg 1200w" sizes="(max-width: 800px) 100vw, 800px" /></p>
<ol>
<li><strong>Preferences Aren't Set Up Correctly--</strong>One of the first things you should do when you begin using QuickBooks for your accounting purposes is set up your email template preference, reporting options, charges for late payments, and add your default bank account for paying bills and receiving payments. If this is done first thing, you won't have issues down the line with these preferences.</li>
<li><strong>Misusing the Undeposited Funds Account--</strong>When receiving payments from customers and your cash account isn't increasing on your financial reports, you are most likely using undeposited funds incorrectly. Once payment is received from a client, open up the deposit module, batch checks together that you're taking to the bank, and record them as one single deposit in the software.</li>
<li><strong>You are Not Using the Purchase Order System--</strong>Don't fret, this is a common error on the part of accountants and/or bookkeepers getting started in QuickBooks. For optimum use of the software, you should create a purchase order every time you buy the product from a vendor, then when you receive the product always check it against the PO. This will save you a lot of time and headaches.</li>
<li><strong>Reconciling Your Bank Account--</strong>This issue is not the same as entering every transaction into QuickBooks. Rather, it's about monitoring the transactions to make sure they're in the right place for the right amounts. To accomplish this, open the reconciliation module monthly and go through each transaction. Make sure each transaction was posted to the right account and has cleared the bank.</li>
<li><strong>Your Items List is Not Organized and/or Streamlined--</strong>QuickBooks defines your products as 'items.' Over time it is easy to let your items list become overwhelming and outdated. To clean up your items list, deactivate items you no longer handle or sell, make sure each item is correctly labeled, check your stock and make sure the numbers are correct, update the cost of each item.</li>
<li><strong>Incorrect Report Settings--</strong>Do you want Cash Reports or Accrual Reports or Both? Make sure your report settings reflect the correct preference. Cash Reports: show you the cash in/outflow of transactions within your company. Accrual Reports: show you the overall performance of your company.</li>
<li><strong>Unknowingly Deleting Transactions--</strong>QuickBooks transactions are linked together, so if you change one transaction you could be deleting other transactions in error that is attached to it. Check to make sure this is not happening.</li>
<li><strong>Runs Slow in Multi-User Mode--</strong>This is a very common problem for bigger businesses. To solve this issue you will need to use a larger amount of RAM and hard disk to handle the heavier load of multiple users.</li>
<li><strong>Lost Administrative Password--</strong>This is one of the most occurring issues. If you lost your admin password it is recommended to reinstall QuickBooks software on your system. There are many software programs available in the market which can break the admin password but simultaneously there also is a need to protect your data from such threats. So, the safer path is to reinstall.</li>
<li><strong>Other Issues</strong>--If you find you have an issue that we have not covered above, you can visit the <a href="https://quickbooks.intuit.com/learn-support/en-us" target="_blank" rel="noopener">INTUIT, QUICKBOOKS ONLINE COMMUNITY </a>and hopefully get your question answered there.</li>
</ol>
<p>The <a href="https://www.moneythumb.com/blog/">Rules of Thumb blog from MoneyThumb</a> sincerely hopes this post has helped you resolve any QuickBooks issues you are having as an accountant. And remember, MoneyThumb has <a href="https://www.moneythumb.com/pdf-insights/">the best PDF financial file converters on the market</a> to help you convert your accounting clients financial information quickly and easily.</p>
<p>The post <a href="https://www.moneythumb.com/blog/10-common-quickbooks-issues-fix/">10 Common Issues Accountants Have With QuickBooks and Solutions</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
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		<title>10 Most Common Mistakes in Small Business Accounting</title>
		<link>https://www.moneythumb.com/blog/10-most-common-mistakes-small-business-accounting/</link>
					<comments>https://www.moneythumb.com/blog/10-most-common-mistakes-small-business-accounting/#respond</comments>
		
		<dc:creator><![CDATA[Denise Grier]]></dc:creator>
		<pubDate>Thu, 13 Apr 2017 16:00:28 +0000</pubDate>
				<category><![CDATA[Small Business]]></category>
		<category><![CDATA[accounting mistakes]]></category>
		<category><![CDATA[common accounting mistakes]]></category>
		<category><![CDATA[happy easter accountants]]></category>
		<category><![CDATA[income tax]]></category>
		<category><![CDATA[income tax deadline]]></category>
		<category><![CDATA[small business]]></category>
		<category><![CDATA[small business advice]]></category>
		<category><![CDATA[small business bookkeeping]]></category>
		<guid isPermaLink="false">https://www.moneythumb.com/?p=16374</guid>

					<description><![CDATA[<p>As all accountants, CPAs, bookkeepers and other tax professionals know, Easter means more than a celebration. Filing deadline for income tax is April 17, coming...</p>
<p>The post <a href="https://www.moneythumb.com/blog/10-most-common-mistakes-small-business-accounting/">10 Most Common Mistakes in Small Business Accounting</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" class="alignnone size-medium" src="https://s-media-cache-ak0.pinimg.com/736x/8d/da/ea/8ddaea49036be09979e0f45a9a84184b.jpg" width="736" height="468" /></p>
<p>As all accountants, CPAs, bookkeepers and other tax professionals know, Easter means more than a celebration. Filing deadline for income tax is April 17, coming up in just a few days. But for now we hope you have a wonderful Easter weekend.</p>
<p>Below are what MoneyThumb considers the top 10 biggest mistakes when it comes to bookkeeping and accounting for small business.</p>
<h2>10 Most Common Mistakes in Small Business Accounting</h2>
<p>For many small business owners who do their own bookkeeping, ensuring the accuracy of every account is crucial. Without accurate records, you open your business to financial mismanagement. Protect yourself and your company by avoiding these common bookkeeping mistakes.</p>
<h3><strong data-redactor-tag="strong">1. Bad record keeping</strong>.</h3>
<p>If you’re in the habit of scribbling notes on scrap paper or relying on handshake deals, stop. Without a clear record of these transactions, you’re putting your business in danger of fiscal mismanagement.</p>
<h3><strong data-redactor-tag="strong">2. Not categorizing expenses</strong>.</h3>
<p>If you find yourself skipping the Category section of your accounting software, you're shortchanging yourself. This is the only way that you’ll be able to accurately track where you are spending your money.</p>
<h3><strong data-redactor-tag="strong">3. Skipping reconciliation of your accounts</strong>.</h3>
<p>Assuming that just because you’re paying attention to how much money is in your bank account, skipping reconciliation of your accounts is not a good business practice. This process helps you identify charges that shouldn’t be there. Banks and their employees can make mistakes, and if you don’t catch them quickly, it could cost you thousands of dollars.</p>
<h3><strong data-redactor-tag="strong">4. Not backing up your data</strong>.</h3>
<p>If you rely on an accounting software program, then you need to make sure that you regularly back up your data onto an external hard drive. Even online accounting programs can crash, or worse- the system could be hacked. Contrary to popular belief, there are high-risk threats when dealing with small business bookkeeping.</p>
<h3><strong data-redactor-tag="strong">5. Neglecting your taxes</strong>.</h3>
<p>Neglecting your taxes. Leaving your tax filing to the end of the quarter is a sure-fire way to get hammered by the IRS. Tax planning needs to be part of the profit equation for every project. You also need to set aside money to pay those taxes as soon as income comes in.</p>
<h3><strong data-redactor-tag="strong">6. Wasting time</strong>.</h3>
<p>If you find yourself spending more time on your bookkeeping than on running your business, it’s time to consider some outside help. Hire an employee or contracting firm to take over your record keeping so that you can concentrate on what you do best.</p>
<h3><strong data-redactor-tag="strong">7. Wrong classification of employees</strong>.</h3>
<p>There are a lot of different types of employees, and each group is subject to a different section of the tax code. Make sure that you are classifying your workers properly. Consult a tax professional to avoid paying back taxes and hiring a tax lawyer later.</p>
<h3><strong data-redactor-tag="strong">8. Too much petty cash</strong>.</h3>
<p>While some businesses tend to keep a large supply of cash on hand and others a smaller amount, no business should be using this fund as an excuse not to record transactions with clients and suppliers.</p>
<h3><strong data-redactor-tag="strong">9. Not tracking reimbursable expenses</strong>.</h3>
<p>Often, small business owners skip this tracking step because reimbursable expenses seem like small invoices that will just bother a large client. In actuality, these expenses can add up to large sums quickly.</p>
<h3><strong data-redactor-tag="strong">10. Poor communication</strong>.</h3>
<p>If you have employees or contractors who help you with your small business bookkeeping, make sure you communicate with them consistently and clearly. Surprises are never a good idea and transparency makes life easier for both you and your vendors.</p>
<p>The post <a href="https://www.moneythumb.com/blog/10-most-common-mistakes-small-business-accounting/">10 Most Common Mistakes in Small Business Accounting</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
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		<title>Taxes: The Best of the Rules of Thumb Blog from MoneyThumb</title>
		<link>https://www.moneythumb.com/blog/taxes-best-rules-thumb-blog-moneythumb/</link>
					<comments>https://www.moneythumb.com/blog/taxes-best-rules-thumb-blog-moneythumb/#respond</comments>
		
		<dc:creator><![CDATA[Denise Grier]]></dc:creator>
		<pubDate>Tue, 28 Feb 2017 14:44:10 +0000</pubDate>
				<category><![CDATA[Tax Time]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[best accounting blogs]]></category>
		<category><![CDATA[bookkeeping]]></category>
		<category><![CDATA[help with taxes]]></category>
		<category><![CDATA[income tax]]></category>
		<category><![CDATA[moneythumb]]></category>
		<category><![CDATA[rules of thumb]]></category>
		<category><![CDATA[small business bookkeeping]]></category>
		<category><![CDATA[tax time]]></category>
		<category><![CDATA[taxpayer issues]]></category>
		<guid isPermaLink="false">https://www.moneythumb.com/?p=21933</guid>

					<description><![CDATA[<p>It occurred to us at the Rules of Thumb blog that since once a month we list what we feel are the best accounting-related blog...</p>
<p>The post <a href="https://www.moneythumb.com/blog/taxes-best-rules-thumb-blog-moneythumb/">Taxes: The Best of the Rules of Thumb Blog from MoneyThumb</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" class="alignnone size-medium wp-image-13778" src="https://www.moneythumb.com/wp/wp-content/uploads/sword-shield-300x67.png" alt="Rules of Thumb blog moneythumb" width="300" height="67" srcset="https://www.moneythumb.com/wp/wp-content/uploads/sword-shield-300x67.png 300w, https://www.moneythumb.com/wp/wp-content/uploads/sword-shield-64x14.png 64w, https://www.moneythumb.com/wp/wp-content/uploads/sword-shield-360x81.png 360w, https://www.moneythumb.com/wp/wp-content/uploads/sword-shield-1024x230.png 1024w, https://www.moneythumb.com/wp/wp-content/uploads/sword-shield.png 2000w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>It occurred to us at the Rules of Thumb blog that since once a month we list what we feel are the best accounting-related blog posts from across the internet, today we could toot our own horn a bit and share with our accounting firms, accountants, bookkeepers and CPAs-along with small business owners-what we feel are the best tax-related blog posts from our own blog.</p>
<p>After all, we are right in the middle of tax season, so hopefully the list of posts we have chosen below that have to do with taxes can help our readers find the answers to many of their tax questions and concerns right here in this best-of post. However, if you have a question or concern about taxes that aren't addressed in the links below, please don't hesitate to comment below and we will answer asap and help you find your solution. And as always, please share this post on your social media pages.</p>
<h2>Taxes: The Best of the Rules of Thumb Blog from MoneyThumb</h2>
<p><a href="https://www.moneythumb.com/blog/using-e-signature-technology-preparing-clients-tax-returns/">Using E-Signature Technology When Filing Clients' Tax Returns</a>--The first step in selecting secure, reliable e-signature technology is to make sure it meets IRS mandates for e-signatures. This post covers that in detail.</p>
<p><a href="https://www.moneythumb.com/blog/8-tips-help-self-employed-avoid-tax-penalties/">8 Steps to Help the Self-Employed Avoid Tax Penalties</a>--Everything you need to know as a self-employed individual about when and how to pay taxes in a way that always avoids tax penalties.</p>
<p><a href="https://www.moneythumb.com/blog/make-clients-aware-additional-services-firm-offers-initial-tax-interview/">Make Clients Aware of Additional Services You Offer in the Initial Tax Interview</a>--The initial tax interview when taking on a new client is a golden opportunity to seamlessly let the client know about the many other services you offer besides tax consulting and preparation.</p>
<p><a href="https://www.moneythumb.com/blog/avoid-accountant-burnout-tax-season/">How to Avoid Accountant Burnout During Tax Season</a>--If ever a blog post was timely, this one is. MoneyThumb offers several effective remedies for accountants during tax season to avoid burnout.</p>
<p><a href="https://www.moneythumb.com/blog/irs-watchdog-24-problems-facing-taxpayers/">IRS Watchdog Highlights 24 Top Problems Facing Taxpayers</a>--This blog post covers an article which originally appeared on the Accounting Web website by contributor Terry Sheridan. Very timely indeed.</p>
<p><a href="https://www.moneythumb.com/blog/top-ten-red-flags-may-trigger-sales-tax-audit/">Top 10 Red Flags that May Trigger a Sales Tax Audit</a>--We would consider this blog post a must-read for all taxpayers, accountants, CPAs and bookkeepers. Being proactive in your knowledge about what the IRS looks for as red flags concerning sales tax is the best way to avoid trouble down the line.</p>
<p><a href="https://www.moneythumb.com/blog/definitive-list-long-keep-tax-documents/">Definitive List of How Long to Keep Certain Tax Documents</a>-In this post we even suggest printing out this list that covers each tax document you handle and how long to keep them.</p>
<p><a href="https://www.moneythumb.com/blog/small-business-taking-advantage-general-business-tax-credit/">Is Your Small Business Taking Advantage of the General Tax Credit?</a>--As a small business owner, you really need to read this. Also accountants who handle taxes and finance for small business clients.</p>
<p>That concludes our list of tax-related blog posts from the Rules of Thumb blog at MoneyThumb.com. We hope this list will make the life of all our readers a little bit easier this tax season!</p>
<h2></h2>
<p>&nbsp;</p>
<p>The post <a href="https://www.moneythumb.com/blog/taxes-best-rules-thumb-blog-moneythumb/">Taxes: The Best of the Rules of Thumb Blog from MoneyThumb</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
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		<title>Small Business Accounting Dos and Don&#039;ts From 12 Financial Gurus</title>
		<link>https://www.moneythumb.com/blog/small-business-accounting-dos-donts-12-financial-gurus/</link>
					<comments>https://www.moneythumb.com/blog/small-business-accounting-dos-donts-12-financial-gurus/#respond</comments>
		
		<dc:creator><![CDATA[Denise Grier]]></dc:creator>
		<pubDate>Tue, 16 Aug 2016 13:48:12 +0000</pubDate>
				<category><![CDATA[Small Business]]></category>
		<category><![CDATA[accountant advice]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[bookkeeping]]></category>
		<category><![CDATA[financial advice]]></category>
		<category><![CDATA[help with accounting]]></category>
		<category><![CDATA[small business accounting]]></category>
		<category><![CDATA[small business bookkeeping]]></category>
		<category><![CDATA[small business financial gurus]]></category>
		<guid isPermaLink="false">https://www.moneythumb.com/?p=19494</guid>

					<description><![CDATA[<p>As a small business owner accounting is probably not on the top of your list of priorities. After all, you have a business to create,...</p>
<p>The post <a href="https://www.moneythumb.com/blog/small-business-accounting-dos-donts-12-financial-gurus/">Small Business Accounting Dos and Don&#039;ts From 12 Financial Gurus</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>As a small business owner accounting is probably not on the top of your list of priorities. After all, you have a business to create, run and continue to build. Most small businesses hire out their accounting and other financial concerns to a professional, and in our view that is the wisest course of action.</p>
<p>However, a smart business owner will at least know the basics of their accounting and finance information. No one passes on that kind of critical information to another without first learning what they need to know to make informed decisions and understand how it all works.</p>
<p>To help make sure you do the right things when it comes to your financials, below is a list of advice from 12 small business financial gurus offering does and don'ts when it comes to small business accounting:</p>
<h2><strong>12 Dos and Don'ts Small Business Accounting from Financial Gurus</strong></h2>
<h3><b>1. </b><b><a>Focus on Meaning, Not Money</a></b></h3>
<p>"We meet with entrepreneurs all the time and they tell us what they think we want to hear, that they want to make money. When we hear that, it's so depressing. It took me 20 years to come to this understanding, but the companies that are successful are the ones who create meaning. Create the next curve; don't improve on sameness."</p>
<p><em>-Guy Kawasaki, Chief Evangelist at <a href="https://www.canva.com/" target="_blank" rel="noopener">Canva</a></em></p>
<h3><b>2. </b><b>Remember That Your Team Defines Your Business</b></h3>
<p>"Investors put their money in people, not a business. The better team you have, the more money you will be able to attract. Get people on your team that have industry expertise and that have been there before. Investors want track records."</p>
<p>-Barry Moltz, author of <em>Bounce! </em>and <em>How to Get Unstuck</em></p>
<h3><b>3. </b><b>Choose Investors That Care About Your Mission</b></h3>
<p>"For us, fundraising has never been about capital-it's about people. [...] You can almost apply the same lens you do to fundraising as you do to hiring. So for us, when we hire someone it's about their values, their motivation, and their skill set. When we fundraise, it's the same idea. This person is now going to become a part of your community. They're going to be an ambassador for your business. They're going to represent you in an external context. [...] These folks didn't invest because of the desire to simply make a 10x, 50x, 100x return on their investment. They invested because they really cared about the mission."</p>
<p><em>-Joshua Reeves, Co-Founder &amp; CEO, ZenPayroll</em></p>
<h3><b>4. </b><b><a>Leverage Technology to Avoid High Startup Costs</a></b></h3>
<p>"Gone are the days when a business needs thousands of dollars in upfront costs just to get started. Today anyone can start a business of their own on a minimal budget through the use of the many online services, marketing and management tools available. Take advantage of automating your business through social media tools like HootSuite, accepting payments and sending out invoices through services like Freshbooks, Paypal and Stripe and also eliminating the need to travel around the world by using live conferencing tools like GoToWebinar and Skype."</p>
<p><em>-Zac Johnson, CEO of Blogging.org</em></p>
<h3><b>5. </b><b><a target="_blank" rel="noopener">Don't Be Afraid of Zero</a></b></h3>
<p>"The irony is that it is often easier to raise money or acquire other resources when you have zero revenue, zero customers, and zero traction than when you have a small amount. Zero invites imagination, but small numbers invite questions about whether large numbers will ever materialize."</p>
<p><em>-Eric Ries, author of The Lean Startup</em></p>
<h3><b>6. </b><b>Stay Hands-On With Your Business Finances</b></h3>
<p>"Take an active role in your business' financial organization-be close to the information and pay attention to the numbers. Many small businesses are busy with operational issues, building the business and what not, and may not be creating and monitoring financial reports and cash flows very regularly. Two times a year is not enough-try to do it on a monthly basis at the very least."</p>
<p><em>-Steven Stapp, CEO of San Francisco Federal Credit Union</em></p>
<h3><b>7. </b><b><a>Re-think Your Profit Formula</a></b></h3>
<p>"The old, been-around-forever, profitless formula is: Sales-Expenses = Profit. The new, Profit First Formula is: Sales-Profit = Expenses. The math in both formulas is the same. Logically, nothing has changed. But Profit First speaks to human behavior-it accounts for the regular Joes of the world."</p>
<p><em>-Mike Michalowicz, author of Profit First</em></p>
<h3><b>8. </b><b><a>Budget Every Dollar Spent On Your Business</a></b></h3>
<p>"Successful businesspeople use budgets and realistic sales projections to run their businesses. They know by the 15th of the month how well their business did financially the month prior. They do not spend money on travel, events or trade shows that are not budgeted. They do not hire staff without have the money or contracts in place in advance. They also understand how to use a <a>line of credit</a>. They use it carefully for short-term cash needs, and not long-term funding needs such as marketing expenses."</p>
<p><em>-Melinda Emerson aka The @SmallBizLady</em></p>
<h3><b>9. </b><b><a>Prioritize Proper Accounting Methods</a></b></h3>
<p>"Every business owner wants to run a profitable business, but few entrepreneurs dedicate enough time to measuring actual results. The only way to do this is to have a dedicated accounting function. Just as sales can't happen without paying attention to prospects, good financial decisions cannot happen without paying attention to the numbers. It might seem like you can "get along" without accurate accounting during the good times, but it is impossible to navigate lean months without clear financial records."</p>
<p><em>-David Worrell, </em>author of <em>The Entrepreneur's Guide to Financial Statements</em></p>
<h3><b>10. </b><b><a>Hire Professionals (It's Worth the Cost)</a></b></h3>
<p>Small business owners aren't expected to be an expert in the finance, accounting, and legal side of the business, which is why there are professionals like accountants, bankers and lawyers out there. <a href="https://www.fundera.com/blog/2014/11/18/hiring-an-accountant/" target="_blank" rel="nofollow noopener">Money spent wisely on a good CPA</a> or lawyer will be returned in multiples of extra profit.</p>
<p><em>-Ken LaRoe, Founder and CEO of First GREEN Bank</em></p>
<h3><b>11. </b><b><a>Know When to Say No</a></b></h3>
<p>"Don't be afraid to say no to projects. Prove that you're serious about specialization by turning down work that falls outside your area of expertise. The more people you say no to, the more referrals you'll get to people who need your product or service."</p>
<p>-<em>John Warrillow</em>, author of <em>Built to Sell</em></p>
<h3><b>12. </b><b><a>Make Decisions With Confidence</a></b></h3>
<p>"At the end of the day, you are the decision maker, and you have to have the trust and confidence in whatever decision you make. This isn't always easy. I had investors, advisors, or board members with 20 years more of relevant experience that made suggestions I strongly disagreed with. When that happens, you have to trust your vision and your own ability to think things through more thoroughly than anyone else to guide you."</p>
<p><em>-Aaron Patzer, founder of <a href="https://mint.intuit.com/" target="_blank" rel="noopener">Mint.com</a></em></p>
<p>The post <a href="https://www.moneythumb.com/blog/small-business-accounting-dos-donts-12-financial-gurus/">Small Business Accounting Dos and Don&#039;ts From 12 Financial Gurus</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
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		<title>Why It&#039;s Better to Use a Specialized Accountant for Your Small Business Startup</title>
		<link>https://www.moneythumb.com/blog/better-use-specialized-accountant-small-business-startup/</link>
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		<dc:creator><![CDATA[Denise Grier]]></dc:creator>
		<pubDate>Fri, 24 Jun 2016 13:38:16 +0000</pubDate>
				<category><![CDATA[Small Business]]></category>
		<category><![CDATA[accountant advice]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[accounting for your small business]]></category>
		<category><![CDATA[small business]]></category>
		<category><![CDATA[small business accounting]]></category>
		<category><![CDATA[small business bookkeeping]]></category>
		<category><![CDATA[specialized accountants]]></category>
		<category><![CDATA[startups]]></category>
		<category><![CDATA[tips for startups on accounting]]></category>
		<guid isPermaLink="false">https://www.moneythumb.com/?p=19106</guid>

					<description><![CDATA[<p>"71% of companies surveyed utilize the services of an outside accountant. Corporate tax, personal tax, and accounting are the most common services for which businesses...</p>
<p>The post <a href="https://www.moneythumb.com/blog/better-use-specialized-accountant-small-business-startup/">Why It&#039;s Better to Use a Specialized Accountant for Your Small Business Startup</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img loading="lazy" decoding="async" class="alignnone size-medium wp-image-16739" src="https://www.moneythumb.com/wp/wp-content/uploads/BusinessAccounting__1_-300x193.jpg" alt="financial planning and analysis, financial planning" width="300" height="193" /></p>
<p>"71% of companies surveyed utilize the services of an outside accountant. Corporate tax, personal tax, and accounting are the most common services for which businesses use their outside accountant. The majority of companies that engage with an accountant do so very early in the life of their business, with 53% reporting they did so right at start-up and 13% more within six months of start-up."</p>
<p>Source: Sage.com <a href="http://www.sage.com/na/~/media/site/sagena/documents/newsroom/Sage-Accountants-Usage-Study-2013-Summary-Report" target="_blank">survey</a></p>
<h2>Using a Specialized Accountant for Your Small Business Startup</h2>
<p>When getting ready to launch your startup business, it is crucial to make sure you pick the right accountant during your setup period. A specialist small business accountant can help guide and drive your business to profitability. They can offer advice on a range of aspects when setting up a business, such as your best working arrangement (whether as a company or individual) and keep an eye on your finances when expenditure is high during this startup period, for example. Here are three reasons to seek out a specialized startup accountancy firm:</p>
<ol>
<li><strong>A Specialized Accountant Has More than Accounting Skills--</strong>A specialized accountant is of course qualified to manage your finances, but they take on more of a role as a trusted small business adviser. They have the in-depth knowledge, understanding and experience of managing small businesses beyond just accounting. Their views are also objective, giving you honest input on the ongoing growth and evolution of your business, without the attachment of you, as the business owner of the startup.</li>
<li><strong></strong><strong></strong><strong>Your Time is Freed Up for Running Your New Business--</strong>If you hire a specialized accountant to handle your finances for your startup, that frees up so much of your time to do what really needs to be done-building your customer base. You may think that your startup is not big enough to warrant an accountant, and that you will not spend much time sorting out accounting issues. But unless you’re an expert in tax and finance (in other words, an accountant yourself), this simply is not the case. The financial aspects of running a business change on a regular basis – from keeping your books up to date, approaching funding sources or market analysis – an accountant provides your business with a great deal of essential support, time savings, and help to ease the load of setting up a company.</li>
<li><strong>A Specialized Accountant Understands What it Takes to Handle a Startup--</strong>Small companies and startups are very different from large, corporate organizations in terms of the assistance they require and the legislative rules. As such, a small business accountant will possess a wealth of experience to offer you the best-informed advice in resolving issues for your specific situation. Every business is different, so the financial advice you receive should be tailored to your personal circumstances. For example, you may work alone or need to employ staff or your business may be eligible for certain industry-dependent grants and tax breaks</li>
</ol>
<p>The post <a href="https://www.moneythumb.com/blog/better-use-specialized-accountant-small-business-startup/">Why It&#039;s Better to Use a Specialized Accountant for Your Small Business Startup</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
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		<title>Top 5 Things QuickBooks Experts Do</title>
		<link>https://www.moneythumb.com/blog/top-5-things-quickbooks-experts/</link>
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		<dc:creator><![CDATA[Denise Grier]]></dc:creator>
		<pubDate>Tue, 21 Jun 2016 12:08:13 +0000</pubDate>
				<category><![CDATA[Accounting Software]]></category>
		<category><![CDATA[advice on using quickbooks]]></category>
		<category><![CDATA[quickbooks]]></category>
		<category><![CDATA[quickbooks experts]]></category>
		<category><![CDATA[quickbooks for business]]></category>
		<category><![CDATA[quickbooks tips]]></category>
		<category><![CDATA[small business]]></category>
		<category><![CDATA[small business bookkeeping]]></category>
		<guid isPermaLink="false">https://www.moneythumb.com/?p=19092</guid>

					<description><![CDATA[<p>When you are taking on a new challenge, starting a new business, or maybe beginning you career as an accountant, smart people find a mentor....</p>
<p>The post <a href="https://www.moneythumb.com/blog/top-5-things-quickbooks-experts/">Top 5 Things QuickBooks Experts Do</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img loading="lazy" decoding="async" class="alignnone size-medium wp-image-15572" src="https://www.moneythumb.com/wp/wp-content/uploads/small_business_chron-300x200.jpg" alt="management accounting, managerial, MoneyThumb" width="300" height="200" srcset="https://www.moneythumb.com/wp/wp-content/uploads/small_business_chron-300x200.jpg 300w, https://www.moneythumb.com/wp/wp-content/uploads/small_business_chron-64x43.jpg 64w, https://www.moneythumb.com/wp/wp-content/uploads/small_business_chron-360x240.jpg 360w, https://www.moneythumb.com/wp/wp-content/uploads/small_business_chron.jpg 609w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>When you are taking on a new challenge, starting a new business, or maybe beginning you career as an accountant, smart people find a mentor. Nothing guides success like following the habits and advice of those who have already been where you are. To help you make the most of QuickBooks, below are 5 things QuickBooks experts do, and you should too.</p>
<h1>Top 5 Things QuickBooks Experts Do</h1>
<ol>
<li>
<h2>Determine Which Version is Right For Your Business</h2>
<p>One thing you need to know is that you can <strong>choose between online and desktop versions of QuickBooks</strong>. It’s also important to know that they are <strong>totally different types of software programs</strong>. If you need information for a project-based business (for example, construction, manufacturing or consulting) you’ll likely need <strong>job costing reports</strong> to effectively run your business. If so, one of the desktop versions of QuickBooks <em><strong>(Pro, Premier, or Enterprise)</strong></em> is what you’ll want to choose.</li>
<li>
<h2><strong>Establish the Right Design and Structure</strong></h2>
<p>QuickBooks is a <strong>list-driven system</strong>. Your success with getting the reports you need from QuickBooks depends upon the design and structure of those lists. You need to start by creating a list of accounts that fit your business. This <strong>Chart of Accounts</strong> is just the beginning – you’ll then add a variety of additional lists that you will use to create your transactions and reports. Examples of primary lists include:</p>
<ul>
<li><strong>Items</strong></li>
<li><strong>Payroll items</strong></li>
<li><strong>Customers &amp; Jobs</strong></li>
<li><strong>Vendors</strong></li>
<li><strong>Employees</strong></li>
</ul>
<p>Each of these lists requires planning and careful consideration. The up-front time you spend to get these right will <strong>save hundreds of “down-the-road” clean-up hours</strong>.</p>
<p>Creating the correct design and structure for your QuickBooks implementation is like putting together a 1,000-piece puzzle. Many elements may seem similar but, because they are not exactly the same, snapping the right pieces into the right place is critical to success.</li>
<li>
<h2><strong>Get Some High Quality Training for You and/or Your Bookkeeper.</strong></h2>
<p>QuickBooks is a form and list-based accounting system. Using the system successfully involves far more than just entering a check and saving it. Even if you have a well-designed system, incorrect entries can lead to misleading reports.</p>
<p>Jumping into QuickBooks can be daunting but <strong>finding the time to get the proper training can help you avoid time consuming and costly mistakes</strong>.   Don’t have time to go to your local community college? You’ll be happy to know there are many self-paced QuickBooks training programs available online.</li>
<li>
<h2><strong>Learn Your Industry’s Unique Reporting Requirements</strong></h2>
<p>How important is the right reporting? <strong>Your industry’s specific reporting requirements can affect both cost and income</strong>. This will, in turn, impact what you pay in taxes. When you first create a company file in QuickBooks, you have the ability to choose your industry from a drop down menu. Most business, however, find that <strong>they need to seriously overhaul the generic “default” lists </strong>if they want to generate the kinds of reports they want (and need!) to run their business.</p>
<p>When you’ve customized your QuickBooks company file to meet both your industry’s and company’s unique needs, you can enter transactions in a way that will allow you to quickly and easily generate industry-appropriate reports.</li>
<li>
<h2><strong>Check Your Work to Assure the Right Results</strong></h2>
<p>Even for companies with team members who are conscientious about entering transactions on a timely basis, <strong>it’s almost impossible to enter the numerous details perfectly all the time</strong>. That’s why it’s essential to perform monthly proofing and balancing procedures. This will ensure that you catch errors before you make decisions based on faulty information. Additionally, with monthly procedures in place, <strong>you’ll be able to count on seeing final reports at a certain time each month</strong>.</p>
<p>&nbsp;</p>
<p>If you are a Quickbooks expert or plan on becoming one, start out by getting one of our great <a href="https://www.moneythumb.com/convert-to-quickbooks/">PDF converters</a> that will help you import all your vital financial information into Quickbooks.</li>
</ol>
<p>The post <a href="https://www.moneythumb.com/blog/top-5-things-quickbooks-experts/">Top 5 Things QuickBooks Experts Do</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
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		<title>Free Training Courses in Business Finance for Small Business Owners</title>
		<link>https://www.moneythumb.com/blog/free-training-courses-business-finance-small-business-owners/</link>
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		<dc:creator><![CDATA[Denise Grier]]></dc:creator>
		<pubDate>Fri, 17 Jun 2016 13:05:24 +0000</pubDate>
				<category><![CDATA[Accounting Resource]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[accountant advice]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[accounting 101]]></category>
		<category><![CDATA[accounting concepts]]></category>
		<category><![CDATA[accounting services]]></category>
		<category><![CDATA[accounting tools]]></category>
		<category><![CDATA[bookkeeping]]></category>
		<category><![CDATA[free accounting courses]]></category>
		<category><![CDATA[free business finance courses]]></category>
		<category><![CDATA[matt evans]]></category>
		<category><![CDATA[matt evans cpa]]></category>
		<category><![CDATA[small business]]></category>
		<category><![CDATA[small business bookkeeping]]></category>
		<guid isPermaLink="false">https://www.moneythumb.com/?p=19071</guid>

					<description><![CDATA[<p>It is not often you run into the kind of goldmine I found today. If you are a small business owner, one thing you should...</p>
<p>The post <a href="https://www.moneythumb.com/blog/free-training-courses-business-finance-small-business-owners/">Free Training Courses in Business Finance for Small Business Owners</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img loading="lazy" decoding="async" class="alignnone size-medium wp-image-14218" src="https://www.moneythumb.com/wp/wp-content/uploads/bizguy-300x300.png" alt="Thumbs up for MoneyThumb!" width="300" height="300" srcset="https://www.moneythumb.com/wp/wp-content/uploads/bizguy.png 300w, https://www.moneythumb.com/wp/wp-content/uploads/bizguy-64x64.png 64w, https://www.moneythumb.com/wp/wp-content/uploads/bizguy-100x100.png 100w, https://www.moneythumb.com/wp/wp-content/uploads/bizguy-150x150.png 150w, https://www.moneythumb.com/wp/wp-content/uploads/bizguy-66x66.png 66w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>It is not often you run into the kind of goldmine I found today. If you are a small business owner, one thing you should absolutely learn is the basics of business finance and accounting. Even if you have an accountant who takes care of your financial issues, or you are a small business startup planning to hire an accountant, as they say knowledge is power, and you should have least have that power in your arsenal, the understanding of your accounting and finances.</p>
<p>To help you with this, check out the free business finance courses offered by Matt H. Evans, CPA on his website. You won't believe the wealth of free information contained there! For instance, there are free courses in The Basics of Accounting, Risk Management, and Corporate Finance, just to name a few. There are also free whitepapers, videos, and best practice articles to help you learn all you need to know about business finance and accounting.</p>
<h2>Free Courses in Business Finance for Small Business Owners</h2>
<p><a href="http://www.exinfm.com/training/free_courses_in_finance.html" target="_blank">Here is the link to the free courses page</a> courtesy of Matt Evans, CPA. Thanks Matt for offering such a wonderful gift to small business owners and anyone else who wants to learn the basic of business finance and accounting for free.</p>
<p>On the left side of the website there are seven quick courses, including Evaluating Financial Performance and Managing Cash Flow. On the right hand side of the web page are links to more in-depth business finance and accounting courses, such as Corporate Finance and Basics of Accounting.</p>
<p>If you check out the top link on the website under Resources, that is where you will find the links to free videos, white papers, and best practice articles, all free!</p>
<p>Now get busy building your wealth of knowledge so you can run your small business with savvy and confidence!</p>
<p>The post <a href="https://www.moneythumb.com/blog/free-training-courses-business-finance-small-business-owners/">Free Training Courses in Business Finance for Small Business Owners</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
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		<title>Reviews of MoneyThumb Conversion Tools</title>
		<link>https://www.moneythumb.com/blog/reviews-moneythumb-conversion-tools/</link>
					<comments>https://www.moneythumb.com/blog/reviews-moneythumb-conversion-tools/#respond</comments>
		
		<dc:creator><![CDATA[Denise Grier]]></dc:creator>
		<pubDate>Fri, 03 Jun 2016 14:00:23 +0000</pubDate>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[accounting system]]></category>
		<category><![CDATA[accounting tools]]></category>
		<category><![CDATA[best accounting software]]></category>
		<category><![CDATA[bookkeeping]]></category>
		<category><![CDATA[conversion tools]]></category>
		<category><![CDATA[convert into Quickbooks]]></category>
		<category><![CDATA[denise grier]]></category>
		<category><![CDATA[moneythumb]]></category>
		<category><![CDATA[PDF Conversion]]></category>
		<category><![CDATA[rules of thumb]]></category>
		<category><![CDATA[small business bookkeeping]]></category>
		<guid isPermaLink="false">https://www.moneythumb.com/?p=18925</guid>

					<description><![CDATA[<p>It is not very often that we toot our own horn, but today we feel the need to share reviews of our conversion tools. We...</p>
<p>The post <a href="https://www.moneythumb.com/blog/reviews-moneythumb-conversion-tools/">Reviews of MoneyThumb Conversion Tools</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>It is not very often that we toot our own horn, but today we feel the need to share reviews of our conversion tools. We are always open to having <a href="https://www.moneythumb.com/accounting/">accountants</a>, bookkeepers, small business owners, and CPAs try out our conversion tools and write a review. If you are interested, please send an email to our blogger, Denise Grier, at <a href="mailto:kdgrier4@gmail.com">kdgrier4@gmail.com</a>.</p>
<p>Now, on to our reviews:</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-17530 size-medium" src="https://www.moneythumb.com/wp/wp-content/uploads/PDF2CSV_screenshot-300x228.png" alt="pdf2csv Convert Screenshot" width="300" height="228" srcset="https://www.moneythumb.com/wp/wp-content/uploads/PDF2CSV_screenshot-300x228.png 300w, https://www.moneythumb.com/wp/wp-content/uploads/PDF2CSV_screenshot-64x48.png 64w, https://www.moneythumb.com/wp/wp-content/uploads/PDF2CSV_screenshot-768x583.png 768w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<h2>Reviews of MoneyThumb Conversion Tools</h2>
<p>Watch this video review of <a href="https://www.moneythumb.com/shop/2qbo-convert-pro-plus/">2qbo Convert Pro</a> by Hector Garcia</p>
<p><iframe title="QB Power Hour: Deep Dive into MoneyThumb&#039;s 2qbo Convert Pro (Convert PDF Bank Statements to.QBO)" width="1170" height="658" src="https://www.youtube.com/embed/WXUERhNzA_8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p>Also, read the following product reviews:</p>
<h3><strong>Product Reviews</strong></h3>
<p>“The real benefit of 2qbo CONVERT PRO is the efficiency and simplicity of its design. If your bank is in their list of banks for which they have created the conversion configuration settings, then you can take old PDF-file bank statements and have them imported into QuickBooks in no time. With this economical software, bank imports from PDF statements are ‘thumbs-up’!“<br />
<strong>William Murphy, Senior Editor, Intuitive Accountant</strong></p>
<p>“Conclusion, for less than $150, you cannot beat 2qbo CONVERT PRO. This is a great bang for the buck, tons of return on investment if you are spending too much time with data entry.”<br />
<strong>Hector Garcia, CPA, QuickBooks Training</strong></p>
<p>“pdf2qbo CONVERT -Essential for Accountants &amp; Bookkeepers: Easy to use, fast at converting, easy to follow, saves hours of input time.“<br />
<strong>Overclockin, CNET Review</strong></p>
<p>“csv2qif CONVERT is very flexible, worked perfectly. Great price, easy to use.”<br />
<strong>WhatFund2Buy, CNET Review</strong></p>
<p>You can also visit the following links for online reviews of MoneyThumb conversion tools.</p>
<ul>
<li><a href="https://www.intuitiveaccountant.com/accounting-tech/vendor-news/pdf2qbo-convert-pro-gets-the-job-done/" target="_blank" rel="noopener">https://www.intuitiveaccountant.com/accounting-tech/vendor-news/pdf2qbo-convert-pro-gets-the-job-done/</a></li>
<li><a href="https://moneythumb.software.informer.com/" target="_blank" rel="noopener">https://moneythumb.software.informer.com/</a></li>
<li><a href="https://www.woorank.com/en/teaser-review/moneythumb.com" target="_blank" rel="noopener">https://www.woorank.com/en/teaser-review/moneythumb.com</a></li>
<li><a href="https://article.wn.com/view/2015/01/29/MoneyThumb_Specialized_Conversion_Tools_Import_PDF_Bank_and_/" target="_blank" rel="noopener">https://article.wn.com/view/2015/01/29/MoneyThumb_Specialized_Conversion_Tools_Import_PDF_Bank_and_/</a></li>
</ul>
<p>It feels good sometimes to toot your own horn. And as we stated in the beginning of this blog post, if you are a bookkeeper, CPA, accountant, or small business owner who either currently uses our conversion tools or would like to try them out as a free trial and write your own review, don't hesitate to contact me, <a href="https://www.moneythumb.com/blog/">Rules of Thumb</a> blogger, Denise Grier at <a href="mailto:kdgrier4@gmail.com">kdgrier4@gmail.com</a>. We will answer quickly and get things set up. Please share this post on your social media accounts if you find it helpful. Thanks!</p>
<p>The post <a href="https://www.moneythumb.com/blog/reviews-moneythumb-conversion-tools/">Reviews of MoneyThumb Conversion Tools</a> appeared first on <a href="https://www.moneythumb.com">MoneyThumb</a>.</p>
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