3 Accounts Payable Best Practices

BY Eddy Hood IN Small Business Accounting ON Jun 27, 2019

The accounting industry is often romanticized as an exciting and debonair world busting at the seams with intrigue that could rival any Bond film. While that’s 100% accurate, it’s also true that there are some aspects of accounting which are slightly less appealing than 1960’s Sean Connery. Accounts payable may not be the sexiest part of business, but it is crucial nonetheless.

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The Elusive Accounting Consultant

BY Eddy Hood IN Common Questions on Outsourced Accounting, Small Business Accounting ON Jun 12, 2019

Accounting is an incredibly important aspect of successful businesses. Expert accountants help businesses stay on track and ensure cash flows smoothly through the organization to enable operations and empower sustainable growth. The value offered by accountants is immense but finding trained accounting professionals to staff in your company is neither easy nor cheap.

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Restaurant Bookkeeping: A Recipe for Success

BY Eddy Hood IN Small Business Accounting ON May 29, 2019

Keeping a business running smoothly requires significant attention to detail and careful planning. This is especially true for restaurants due to their large variance in daily sales numbers and the volatility of their inventory. Variable costs of foods, seasonal availability of ingredients, and the rapid spoilage of produce make inventory maintenance and budgeting a constant source of ire for restaurant owners.

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BY Eddy Hood IN Small Business Accounting ON Aug 21, 2018


As your business evolves, there will come a point in time when you need to hire an expert to help you with money management. So, who do you turn do? Should you hire an accountant or a financial planner?

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Customizing QuickBooks Online for Your Industry

BY Eddy Hood IN Small Business Accounting ON Feb 6, 2018




In today’s digital economy, the ability to run your business from the palm of your hand is becoming a necessity. This may include posting to your business social media accounts, accessing your marketing tools and customer relationship management platform. Being able to access your books from any device and any location should also rank high on the list.

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Start the New Year With a Clean Chart of Accounts

BY Eddy Hood IN Small Business Accounting ON Jan 16, 2018






When people think about New Year resolutions, “tidying up the books” may not be the first thing that comes to mind. However, if you want to take your small business to new heights this year and beyond, this is exactly where you should start. More specifically, ensuring that your Chart of Accounts is well-organized should be a priority for any small business that wants to stay financially healthy throughout the year.


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Pros Vs. Cons: Switching to a New Accounting Firm

BY Eddy Hood IN Small Business Accounting ON Jan 9, 2018




It goes without saying that your accountant should have a keen understanding of who pays you, who you pay and how to maximize your returns on investments. Because your accountant is so intimately involved in assisting with your financial decision-making needs, the relationship should be one that is built on a foundation of trust and transparency. However, sometimes when that level of comfort no longer exists, it may be time to move on.


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How to Decide Between Buying or Leasing Equipment

BY Eddy Hood IN Small Business Accounting ON Dec 26, 2017



Choosing equipment for your small business can be equal parts exciting and stressful.

Apart from selecting the right type of equipment, there are many considerations to make when choosing between leasing and buying equipment that affect your small business accounting needs. These include upfront costs, maintenance costs and of course, tax implications.

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How to Use the Recent Quickbooks Upgrades to Meet Your Small Business Accounting Needs

BY Eddy Hood IN Small Business Accounting ON Nov 28, 2017



While Intuit still supports the Desktop version of QuickBooks, they are actively encouraging users to make the switch to their cloud-based online accounting software called QuickBooks Online (QBO). Indeed, QBO offers many selling features for its users, the most notable of which is the ability to access accounting data in real-time from any device. This allows business owners to automate workflows and make more informed decisions to drive growth.


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Small Business Accounting Apps That Integrate With QuickBooks

BY Eddy Hood IN Small Business Accounting ON Nov 7, 2017



Today’s business leaders must embrace the rapid advances in technology if they want to remain relevant in their industry. That said, it can be overwhelming to know where to start. And when it comes to taking care of your small business accounting needs, there are literally thousands of options available for making your life easier to manage.


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