Monthly Archives: May 2011

What is the difference between Cash and Accrual accounting?

Posted on May 31, 2011 by April Gentry

Many people ask me that question when they are looking at reports in Quickbooks. First let me say that Quickbooks is the only accounting software in its market that even allows you to toggle back and forth between cash and … Continue reading →

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Bad bosses

Posted on May 12, 2011 by April Gentry

Years ago, when I was starting out in my accounting career (non-taxes that is), I worked in the accounting department of AVCO. I had a boss named Alan. He didn’t pay attention to his staff, expected to meet deadlines with … Continue reading →

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Knowing about tax requirements; wolf or lamb help?

Posted on May 6, 2011 by April Gentry

One of the biggest mistakes my industry makes is assuming the client is going to remember all of the tax deadlines. This is an unreasonable proposition due to several factors: 1. Clients are busy running their business and trying to … Continue reading →

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What is a 571L?

Posted on May 4, 2011 by April Gentry

This is a form to report your company’s Business Property purchased in each calendar year. Various counties in California are able to tax companies on the assets they have purchased; not to be confused with expenses. Assets are items you … Continue reading →

Posted in Accounting Tips and Tricks, Bookkeeping, Current News, Frequently Asked Questions, Quickbooks, Taxes | Leave a comment