Insights

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.…

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St. Paul Pioneer Press Article – Fiscal Foundations is quoted.

We were pleased to be quoted in this St. Paul Pioneer Press article on small business.

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Receipt Printer Can Save Time, Money and Space

Using QuickBooks Pro, Premier, Enterprise or POS provides you with the opportunity to use a receipt printer for the smaller professional looking receipts to hand to a customer upon receiving payment. TIME: This is a great option for the retailer to provide the customer with a professional receipt with all the details. It also makes…

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Managing 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…

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How 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…

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How Long Should I Keep Paper Documents?

Just because you have entered your data into QuickBooks, doesn’t mean you can throw away the paper copies.  You are obligated to keep them.  It’s important to know how long you should keep your paper documents. Here’s a great website with a complete list of documents and how long they should be kept.

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What 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 –…

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Does Your Website Integrate with QuickBooks?

While most E-Commerce website hosting companies claim that they fully integrate with QuickBooks, many of these same companies provide very limited help regarding the proper setup and mapping of your sales information to make sure that it is recorded accurately in QuickBooks. In fact, just recently I worked with a client who imported his QuickBooks…

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The 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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