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Monday, June 06, 2005

Today's Tip: Consolidate your Posting Questions …Save $$$

Today’s QuickBooks tip is a simple but effective way to save money on tax preparation and consulting expenses.

I get many calls from clients that are confused about where to post something. Usually it is something different such as the sale of an asset, sale of a business segment, or the purchase of an expensive software package. I recommend that my clients create an “Ask CPA Expense” account and an “Ask CPA Income” account. Then when a transaction comes up that they are unsure about they can post them here. This saves me time and by extension saves them money in consulting fees.

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