self publishing

Accounting for Self Published Authors

The first thing authors in general are looking for is value and savings. Self-published authors and freelance writers just beginning their careers need efficient and time saving tools. When you make the decision to go into business and make an income from your writing, this is the time to think about accounting for your business. Inevitably the first[…]

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[…]