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How to add an View-Only User on Chase

Hello, it's Tommy! This shouldn't take more than 10 minutes but please do follow instructions carefully. We can also do this together on...

Due/To From Accounts - Thomas Kim from Tabular LLC

Due To/From (DTF) accounts are a great tool in a bookkeeper's tool bag, because it is very useful and it is very unique. But it is also...

Receive Payment vs Bank Deposit in QuickBooks - Thomas Kim from Tabular LLC

Money, money, money. So you got money coming in and I've seen this happen quite a few times where the person handling the QuickBooks,...

Multi-Location Financials

This is one of my favorite kind of projects, because it requires a few different types of expertise. One is obviously accounting. You're...

Suspense Account for Credit Card Payments

Let's talk about suspense accounts for credit card payments. I recently came across this from a client of mine, and I wanted to share...

Why I Look at the Income Statement First

As a freelance bookkeeper, when I come across a new-to-me set of books, the very first thing I look at is the Proft and Loss Statement....

Are Financial Statements Worthless???

Whether it’s filing tax returns, seeking a loan, bringing on a new investor or partner, looking into selling the company entirely or...

What is Accrual Basis and Cash Basis?

This is a tricky one because sometimes I get lost on this and it takes me a minute to get my bearings. Simply put, it’s how you define...

CPA vs Bookkeeper: What is the Difference?

It's common knowledge that if you own a small business, you need a Certified Public Accountant (CPA) to handle and file your tax returns....

Quickbooks is Evil and I Love It!

Here are five reasons why Quickbooks is evil, all of which lead me to love it all the more! 1) Quickbooks is made to be approachable and...

What is the Chart of Accounts?

Chart of Accounts is one of my favorite parts in accounting and bookkeeping! It's just so important. I like to call it the Backbone of...

What is the Difference Between Balance Sheet and Income Statement?

Balance Sheet and Income Statement (also called the Profit and Loss Statement or P&L) make up a company’s Financial Statements or simply...