What Is An Operating Budget, And Why Do I Need One?
One of the first questions I ask a potential client is, “Do you have a budget”? The most common answer I hear is, “I know how much money I spend”. This usually goes along with, “I know how much money I make”. This is all without actually keeping a set of financials. An operating budget is a list of your income statement accounts month by month with the projected value. It mimic’s an income statement – for future months. An operating budget should be realistic, should acco
QuickBooks Shortcuts & Tips
Time Saving QuickBooks Tips: • Bank transactions can be automatically downloaded by using bank feeds. Downloading transactions beats having to enter each transaction manually. • Use memorized transactions for recurring transaction. (Bill, checks, and invoices). You can set them to post automatically daily, weekly, monthly, etc. This will eliminate having to enter the same transaction repeatedly. • Only enter bills when you will not be paying them right away. If you a