Tag: Small Business Accounting

Where does all the money go?

The chart of accounts is how you know how much money your company has, what it owes, what monies are coming in as well as going out. Conveniently, QuickBooks comes with a chart of account ‘built-in’ in either standard or industry specific accounts. Common things to add to their ‘pre-populated’ list are things like company…

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QuickBooks Tip: Categorizing Personal Expenses

If you’re a small business owner, often times accounting or bookkeeping isn’t always your area of expertise. As such, tracking all the money coming in and out of the business can get tricky.  One common question is how do you categorize personal expenses in QuickBooks? Actually, you don’t. The business doesn’t have ‘personal expenses’. Creating…

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