Life of E's

Running a small business, which includes a household (and keeping up with the administrative portion) can get unwieldy in a hurry. If you are starting out and looking for ways to file and organize your business receipts, here are some suggestions: First, be careful not to make this more difficult than it needs to be. [...]

Tags: accounting, bookkeeper, credit cards, Marie Gibson, QuickBooksPro, receipts

This question came in from one of the Life of E’s members (who is a Nevada resident and will also be in the ShoeBox 101) class and here’s the expert answer from Marie Gibson, the instructor for ShoeBox101 (being held and recorded on January 8, 2009: ——– Consumer Use Tax is another way for states [...]

Tags: accounting, consumer use tax, Marie Gibson, tax, taxes

Let this be the year where you get your accounting organized.  I’m delighted that my first guest of 2009 is Marie Gibson, MBA.  Marie will be sharing some of her expertise with all of us (and I’ve hired her in the past just to work one-on-one with me, so I know she’s worth it!) If [...]

Tags: accounting, finances, organized accounting, receipts

Hooray!  I’ve just confirmed a special teleseminar with Marie Gibson!  Her teleseminar is entitled “ShoeBox 101.”  We’ve all tried various not-so-successful ways of doing our accounting.  Small business owners, home-based businesses, individuals, and let’s not forget large corporations (hello!?) need to learn sound accounting practices.  I’m delighted to feature Marie Gibson, an award-winning college instructor, [...]

Tags: accounting, bookkeeping, organized accounting, receipts

Question: How do I pay myself? Let me explain:  For accounting purposes, I would like to deposit all the money I make from my services and products into my business checking account.  However, I will need some of this money to pay my personal bills.  What is the best way to do this? I know [...]

Tags: accounting, employee, incorporated, officer, paycheck, Quickbooks, QuickBooksPro, S-Corp

Question: My accountant has recently sent me a letter that he is down sizing and is unable to continue on as my accountant.  As I look for a new accountant, are there certain features I should be sure to shop for?  Do you have any recommendations? Posted by Jeni Blakely | 8/23/07 Answer: This is [...]

Tags: accountant, accounting, bookkeeper, CPA, QuickBooks Online

Question: What is your opinion on getting some Quickbooks training?  Quickbooks Pro is new to me and I’m a little lost.  I don’t want to start off making mistakes and I want to learn the right way.  I was quoted $275 for a personalized 3 hour course in which the instructor will come to my [...]

Tags: accounting, Marie Gibson, QuickBooks training, QuickBooksPro, QuickBooksPro Advisor, tutorial

Question: Can you give us some advice on the best way to file and organize our business receipts? Posted by Billy Simms | 07/20/07 Answer: I think for all members of MEMc, we need to be careful about making this more difficult than it is–so I use a fairly simple system and it works great [...]

Tags: accounting, business receipts, organize, processing, purchases, QuickBooksPro, receipts

Question: For the type of business that most of us will be running (small, home-based) would you recommend using Quickbooks Simple Start or Quickbooks Pro? Billy Simms/posted 6/27/07 Answer: I recommend QuickBooks Pro.  It takes some time to learn, but it’s highly sophisticated and one you learn it, it will grow with you.  When I [...]

Tags: accounting, Marie Gibson, QuickBooks Simple Start, QuickBooksPro, QuickBooksPro Advisors