Accounting

I was chatting with a good friend of mine the other day about a potential job he had for his video production company. He is an extremely talented filmmaker, so I am not surprised that an organization approached him with such a large project. On the surface, this looked like the opportunity of a lifetime.…

Keeping your books on the cash vs. accrual basis is a topic that every business owner must consider at some point. Before we dive into which might be better, lets look at a definition for each. Cash Basis is easy. You record cash as it comes in and as it goes out. Can’t get much…

Most people have heard of a CFO and a bookkeeper. If you are unfamiliar, CFO stands for Chief Financial Officer. Essentially, they are in charge of all the financial operations of a business. A bookkeeper on the other hand keeps the books in order and makes sure all the transactions get properly entered into the…

One of the most common questions I get asked is what accounting software we recommend. We’ve been using QuickBooks Online (“QBO”) for quite some time now and it works very well for our clients. However, there are certainly other software packages that you can use to run your business. This week I want to shed…

This is a very common question among business owners. At times it can be hard to determine the level of accounting service you might need for you business. Let me see if I can shed some light on this situation. When Alex and I first started The Quantify Group, our focus was doing tax return…

Since I have started my endeavors with The Quantify Group, I have been on countless prospective client meetings.  Most of the prospects are small business owners who keep their accounting records on the desktop version of QuickBooks or a comparable program.  After I learn this fact from them, my first question to the owner is…

If I had a penny for every time I heard this, I would be sitting on a beach right now. I know what you’re thinking. “Here comes the sales pitch”. I am not going to lie. I am extremely confident in the work that we do for our clients and that value that we add…

Outsourcing functions of your business is becoming a much more popular and viable option in today’s marketplace. Companies are able to outsource all sorts of functions including human resource, sales, IT and of course, accounting. Today I want to touch on a few of the advantages of outsourcing your accounting function as opposed to hiring…