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May 24, 2014 by Eric Butts Leave a Comment

Intuit Releases New Quickbooks Self-Employment Option…But What Does It Do?

I was considering doing a post on whether or not you should switch to Quickbooks online this week, but I got an email that changed my direction. I recently wrote about how entrepreneurs need to learn accounting, and as if they read my mind, Intuit sends an email for a new version of Quickbooks. It’s called Quickbooks Self-Employment and to be completely honest, I wasn’t sure what it did. Given Quickbook’s position in the bookkeeping software market, it seemed like a good idea to know what they were up to, so I decided to give it a spin. [Read more…]

Filed Under: Accounting Tagged With: accounting, bookkeeping, quickbooks, small business

May 14, 2014 by Eric Butts 1 Comment

Accounting Is The Language of Business and Every Entrepreneur Needs to Learn to Speak It

Every startup needs good accounting!
photo credit: dierken via photopin cc

I live in the San Francisco bay area, land of the start-up, the place where people quit full-time jobs to chase the dream of being bought out by Facebook and never working again. Who can blame these budding entrepreneurs? Every time you turn your tv on, Facebook is either buying or trying to buy some young, unproven company for billions of dollars. Consistently seeing such a lack of buyer’s discretion from cash-heavy potential suitors just makes the dream seem all the more plausible.

 

So where do you start on this journey to Escape From Cubicle Nation?

 

First, you need to understand it takes more than just a good idea to run a successful business. No matter what kind of entrepreneur you are, there are some basic accounting things you or someone you hire needs to know to keep your business from imploding.

[Read more…]

Filed Under: Accounting, CPA, Tax Tagged With: accounting, bookkeeping, entrepreneur, less accounting, quickbooks, small business, xero

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