Using QBO - QuickBooks Online More small-business owners are migrating from desktop accounting software to a cloud-based system. Cloud-based accounting software, such as QBO, allows the user access anywhere in the world. This ease of access, combined with the ability to download transactions from banks, vendors, credit card companies, etc., makes bookkeeping so straightforward now, pundits claim, that small businesses using cloud software no longer need bookkeepers. Unfortunately, as great as ... Read More
Buying a Small Business, Accounting Tips to Minimize Due Diligence CostsSuccessful businesses are often on the hunt to acquire other businesses for strategic reasons. Acquiring a competitor to increase market share or buying out a supplier to add synergy to an existing business are just a few of the many reasons businesses seek acquisitions. At times, an acquisition may be relatively small and a buyer’s cost-benefit analysis may determine that large accounting fees for due diligence ... Read More
Cloud-based QuickbooksCloud-based Quickbooks (“QBO”) has made great strides in the past few years. Desktop Quickbooks (“QB”) was the top choice for many small businesses for years before QBO came into existence. QB was easy to use, cost effective and provided superior reports. However, the problem with QB was the clumsiness that came with file sharing. The QBA version (the QB version which allowed the business to move forward while the accountant worked on year-end) solved this ... Read More
Selecting the right accounting software for your small business seems like a daunting task but it really isn't. This is because there is one software that is far superior even to the second best-in-its-class competitor. Also, 99 percent of all Vancouver professional accountants servicing small businesses use and recommend this software - Quickbooks (“QB”) or Cloud-based Quickbooks (“QBO”).