Category: Small Business

Financial Assistance

Financial Assistance Resources for WA Businesses Impacted by Covid-19 Coronavirus. From the office of Washington State Governor Inslee, When a state of emergency or disaster has been officially declared, affected businesses that owe Washington taxes may qualify for [“without the limitations”]: i) A filing extension for excise tax returns ii) A late payment penalty waiver…

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QuickBooks Tips

Each year in the Spring and Fall, local Bellingham QuickBooks® expert, Chris McGee hosts a series of free QuickBooks® users’ groups/workshops throughout Whatcom and Skagit Counties. Some of the class discussions this past year yielded these following QuickBooks® tips: Watch your check marks on customer payments. (QBO – record a customer payment)  Toggle between work…

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When should you change the opening balance in QuickBooks®Online?

Disclaimer: Always seek the advice of a CPA and/or an accounting professional before making any changes to your opening balance. The following is intended for general information purposes only and does not replace the counsel of a professional. Before changing the opening balance of a bank account, which is not normally recommended, it’s prudent to…

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20% Off QuickBooks® Clean Up and Catch Up

Have you fallen behind? Take advantage of our special offer and get a 20% discount on our QuickBooks® Cleanup and Catch-up Service. Schedule your free consultation with Chris McGee today at (360) 303-5798. Offer valid September – October 31, 2019. ProFound Impact is the business consulting division of Bellingham, WA based financial and managerial accounting…

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How To Set-up or Clean up Chart of Accounts In QuickBooks®

Chart of Accounts COA Set-up/Clean up in QuickBooks® “Great business decisions are founded on accurate data! ” ~ Cindy Brooks, Mt Vernon, SBDC The Chart of Accounts (COA) is a complete list of a company’s accounts and balances. It classifies business transactions and informs the financial reports, making its accuracy critical to your business. Learn the best practices how…

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How to Fix Reconciliation Discrepancies in QuickBooks®

What is a bank reconciliation and why is it important? It’s the comparison between your money/cash business transactions (book balance) and those of your bank (bank balance). When the amounts match or are the same then they are in balance and your account is described as reconciled. How to fix reconciliation discrepancies. What if your…

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Quickbooks® Workshops – Fall 2018 (Free)

How to Use Purchase Orders, Receive in Inventory and Design Invoices in QuickBooks® Would you like to learn how to use Purchase Orders, Receive in Inventory and customize the look of your Invoices in QuickBooks®? Attend this free, 1-1/2 hour QuickBooks® workshop to learn how you can customize these powerful QuickBooks® forms and have them…

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Managing Growth

Savvy business owners know it pays off to understand the financial reports because when managing growth, it’s ‘all about knowing the numbers!’  Revenue, human resource management/training, market share and the importance of product development/diversity, along with extending lines of credit, mergers or even acquisitions are all critical considerations for companies planning for future growth. To…

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