Posts by Linda Logan
Questionnaire for Assessing Church Bookkeeping Needs and Preferences
Provided by Fiscal Foundations, LLC [For questions, call Linda Logan, 612-387-8619] Tracking member contributions Each year a church tracks and reports total donations made by each member. Usually a letter or report is sent during the first half of January informing members of the amount of their donations they can claim on their tax return.…
Read MoreManaging Trust Accounts with QuickBooks
For lawyers and real estate agents— Managing Trust Accounts (Iolta Accounts) with QuickBooks® Attorneys and real estate agents often hold client or third party funds in trust and are responsible for tracking the receipt and dispensation of these funds. The purpose is to safeguard these funds from loss. The monies belong to the clients/third parties…
Read MoreHow to start your new business with QuickBooks®
QuickBooks® is the most valuable tool you’ll purchase to help you build a successful business. As a business owner, you must know how your business is performing on a daily business. Managing cash flow is the major challenge of a new business; and QuickBooks® will help you stay on top of it and make smart…
Read MoreWhat you should know about IT Support and QuickBooks
Our recommendations for common problems you may experience! Illogical or erratic behavior in QuickBooks® The good news about QuickBooks is that it is a very reliable software that rarely has technical problems which it cannot repair itself. If you experience any illogical or erratic behavior in your software, immediately click on the File menu –…
Read MoreThe Cheat Sheet for Debits and Credits
The “Cheat Sheet” for Debits and Credits by Linda Logan, Partner/President/Founder of Fiscal Foundations LLC Asset accounts have debit balances. Debits increase Asset accounts. Credits decrease Asset accounts. Liability accounts have credit balances. Credits increase Liability Accounts. Debits decrease Liability Accounts. Equity accounts have credit balances. Credits increase Equity Accounts. Debits decrease Equity Accounts. Income…
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