wave accounting, savvy admin

Wave Accounting for the Small Business

Accounting always matters to businesses regardless of size or stature. It is important to have a great foundation for your business’ financial health as well as insight into your income sources and expenses. Quickbooks is a great accounting tool; however business owners on a budget may not be able to start with one of the pack[…]

quickbooks equity before you begin

Three Steps to Set up Equity Accounts in Quickbooks

Quickbooks is a powerful accounting tool used by millions of businesses small and large. It simplifies the accounts payable and receivable process, but if you are just getting started with a new file Quickbooks Equity Accounts are not all that self explanatory. It is always advisable to speak to an accountant when setting up your[…]

quickbooks set up equity

Quickbooks Equity Accounts for a Sole Proprietor

Owner Capital, Contributions, and Draws Equity accounts keep track of the owner’s interest in the business. When an owner puts money in the business it is a contribution. When she takes money out it is a draw. These entries are sometimes recorded as income and expenses incorrectly. Quickbooks will create different types of Equity Accounts for[…]