Archive for the ‘Startup Business Advice’ Category

Starting a New Business in North Carolina

May 23, 2011

Starting a Small Business in North Carolina

The state of North Carolina has made many efforts 0ver the years to make the entire state a place where businesses of any size can expand or start up. There are a variety of programs from Raleigh to Asheville and throughout the state that support and facilitate the growth and success of business startups.

Find Small Business Startup Resources on ThriveNC.com

ThriveNC.com is a website that shows how much North Carolina is committed to helping NC entrepreneurs and business owners succeed with business start-ups of all sizes. The website includes information on the NC Department of Commerce, the Small Business & Technology Development Center, the NC Community College System’s Small Business Center and Incubator Network, the NC Secretary of State, NC Department of Labor, NC Rural Center’s Institute for Rural Entrepreneurship   and much more.

Business Startups in Asheville can visit AshevilleSCORE.org

If you are a new business or start up company in Western North Carolina one of the resources available is FREE business counseling from Asheville SCORE. SCORE is a network of volunteers made up of retired executives, men and women that have had great success owning, running and managing companies of all sizes. They are qualified to offer a variety of business workshops and seminars, as well as, one to one counseling sessions to start up businesses that need guidance and support. SCORE also has offices throughout North Carolina and the country.

The SBTDC Online Start Up Resource Guide

The Small Business & Technology Development Center offers a variety of tools and opportunities for startup businesses anywhere in NC. There is a local office in Asheville, NC for startups in Western North Carolina. If you have questions about funding potential, business plans, start up licenses and permits or other business oriented inquiries, you can find a great deal of information on the SBTDC Startup Guide.
On the SBTDC website you will find the SBTDC Start-Up Business & Resource Guide, websites and tools for writing a great business plan, online lists of state and federal resources, including local and state licenses/permits, links with information on how to find funding for your startup business, the Capital Opportunities for Small Business Guide, information on how to  find grants, educational links on how to do market research and more.

There are also seminars and workshops small business and startup business owners can attend to learn more.

Startup business counseling is available, as well as more specific and detailed assistance  for Technology Start Up Companies.

To learn more about bookkeeping and accounting and business start up advice and services visit our website www.WNCSnap.biz.

 




 

Auditing Quickbooks – A How To for Small Business

April 25, 2011

quickbooks financial software Understanding Quickbooks – Bookkeeping Basics

Many small businesses struggle to keep up with the books without even thinking of how much time it will take to  review, evaluate and confirm their bookkeeper or accountants’s work. That is why there are a few basic things any small business owner can review and know in order to be sure their books are accurate and sound. Auditing your Quickbooks file can seem like a daunting task, but if you understand the power of Quickbooks as a tool you can learn to use it to empower and strengthen your business.

NerdEnterprises.com Tutorial on How to Audit Your Quickbooks File Simply and Easily

A great site for anyone looking to learn how to manage their own bookkeeping is NerdEnterprises.com. There are many blogs written about various bookkeeping and accounting topics, as well as video tutorials for various Quickbooks actions and features. The blog titled:

How To Audit Your QuickBooks File – 5 Things EVERY BUSINESS OWNER SHOULD KNOW how to do in QuickBooks is an excellent source of information when it comes to auditing the basic information in your Quickbooks file. According to NerdEnterprises.com when it comes to small businesses “there are 5 things you should know how to do in QuickBooks to be sure your bookkeeper(s) are doing their jobs properly.” NerdEnterprises lists these 5 things as follows:

  1. Run key reports including: detailed Balance Sheets, Accounts Receivable, and Accounts Payable Reports
  2. Drill into a transaction from a report.
  3. Drill around a transaction to see related transactions.
  4. Run the audit trail report
  5. On any transaction detail report, show “Last Entered/Edited (and by whom).

Watch the video included in the blog and find out how to do this in a practical way. The goal according to NerdEnterprises.com is to “protect yourself against costly mistakes as well as dis-honest employees. In smaller companies the management, particularly the ownership ARE the internal control of the company. This means they are the ones who protect the assets of the company.”

Learn how to maintain quality control when it comes to your bookkeeping and accounting. Be able to have a clear conversation with anyone helping you maintain  your financial data and expect them to speak openly, honestly and in detail to you about their work.

To find out more tips and tricks about accounting and bookkeeping for small business visit our website www.WNCSnap.biz.

To find out more great tips from NerdEnterprises.com visit their website and blog.

Bookkeeping Tips: Tax Preparation Checklist

April 1, 2011

It is that time of year again and it is so important to have a plan in place when you file your taxes. You may need to consult with an accountant or bookkeeper. You may need to inquire about which deductions are the most advantageous for your situation. You may need to make sure you are not missing important pieces of paperwork. The simple tax preparation checklist below will get you started and on track.

1. Do you have copies of your W-2’s or 1099’s? There may also be additional paperwork related to investments of any kind that must be filed. If you are not sure ask an expert. .

2. Don’t wait until the last minute to schedule time with your accountant or bookkeeper. This time of year is crazy for people in the financial industry and you will want to make sure they have time to assist you. Last minute pressures can sometimes lead to hasty decisions.

3. Keep up on any tax credits you can take advantage of or ask an expert. New tax bills are always being passed and it can be confusing. The IRS website is a great resource for helping you stay up to date on the current tax laws. Of course there is no substitute for hiring a trustworthy accountant to stay on top of all the details.

4. If you are a W-2 employee there are deductions you can take advantage of. Ask your accountant about these and what you need to do. If you are self-employed there are a wide variety of deductions that can work for you. Be sure and keep all business related receipts and ask your accountant or bookkeeper what expenses can be used as deductions.

5. Compare itemizing your deductions vs. not itemizing them and see which scenario provides the best result for you. Again if you don’t know how to evaluate this then hire an expert.

6. Double check any exemptions you are claiming.

7. Check your eligibility for tax credits such as the child tax credit, adoption credit, education credits, etc.

8. Will you file electronically? Make sure you have everything you need in order to do so.

9. If you are a business or self-employed be prepared to make your tax payments on time.

10. Have a massage or night off planned once your taxes are done! Nothing is complete without a celebration. Enjoy that fact that another year has gone by and you have managed your finances.

Happy tax season!

 

Common Bookkeeping Mistakes Small Businesses Make

January 25, 2011

wn snap bookkeeping services asheville In an article on AllBusiness.com entitled Top 10 Bookkeeping Mistakes Made by Small Businesses some common issues are discussed. As many of us are aware small businesses are always looking for ways to save money, increase efficiency and improve profitability and performance. It is not surprising that so many small businesses often forget to keep receipts on every business related transaction, take on too many tasks themselves, and sometimes don’t communicate clearly because of their busy schedule. Some more specific mistakes you want to avoid  are:

-Listing transactions in the wrong categories on QB.
-Not having a backup system for QB files.
-Forgetting to track reimbursable expenses.
-Not properly classifying employees.
-Not properly reconciling the QB files with monthly bank statements.

These are just a few of the things you should be careful of when managing your own financial tracking and bookkeeping.

To learn more about how to keep from making common mistakes check out this great bookkeeping and financial tracking article on AllBusiness.com.

Quickbooks Tips for Small Business

December 15, 2010

Small businesses are often dealing with budget issues and yet, they have many of the same financial tracking needs as any medium or large company. It is essential for any business owner be aware of some basic financial information. Up to date financial tracking and reports allow business owners and operators to make successful decisions based on accurate and real data.

Quickbooks – The Best Tool for Small Business Financial Tracking & Bookkeeping

Small businesses can follow some basic rules when using Quickbooks to help make financial tracking simple and affordable.

1. Set up your Quickbooks accounts fully. Your Quickbooks file should track all relevant accounts related to your business including checking, savings, credit cad and Paypal accounts. This will allow you the highest level of accuracy.

2. Create custom categories when necessary. Instead of using the preset categories create any specific custom categories your business needs. Also be sure and ask your accountant or bookkeeper what categories various transactions are best placed in. If you are not certain of how to get the highest tax advantages, the best thing to do is ask a tax expert.

3. Regularly review your Quickbooks reports in order to maintain a clear perspective on your business’s financial performance. Quickbooks can provide a variety of reports based on the complexity of your business and the QB tools you have chosen to use.

In addition to these 3 simple tips, researching Quickbooks online may also be helpful for any small business planning to manage the financial tracking in house. You may also consider hiring a QB expert to provide affordable Quickbooks set up and QB training services. With just a little bit of expert advice many small business owners can learn the basics of Quickbooks and accurately and affordable manage the bookkeeping. Proper bookkeeping is what will allow your business to grow into a strong and secure enterprise.

Image: Pixomar / FreeDigitalPhotos.net

Payroll, Payroll Taxes, Payroll Management: Intuit Payroll

September 28, 2010

Payroll Basics for Small Business from Intuit – Financial Tracking Experts

Are you looking to better manage your payroll and spend less time trying to organize employee data, taxes and more? Intuit can help you create financial tracking strategies  and make payroll more efficient and accurate. Click below to find out more about Payroll 101 and find out if Intuit products are right for you. 

Payroll, Payroll Taxes, Payroll Management: Intuit Payroll.

If you are looking for training and consulting when it comes to Intuit products WNC Snap can help! We offer Quickbooks training and consulting, as well as management training to assist with payroll set up, reporting and evaluation in Asheville and throughout Western North Carolina. Contact us today and let us empower you to do business based on sound financial data tat is easy to access at any time.

WNC Snap-we help make your business decisions easier!

Intuit Press Release 8/24/10: Intuit Websites Help Small Businesses Get Online

September 6, 2010

On August 24, 2010 Intuit posted a press release talking about their new website builder. You can read the full story here: INTUIT PRESS ROOM.

Intuit Websites Helps Small Businesses Get Online and Get Customers

Enhanced Services Increase Visibility Without Breaking the Bank

According to Intuit “What’s more important to finding a business than a street address? A web address. Some 93 percent of U.S. consumers turn to the Internet to find local businesses.”  The new website builder system starts with a free month and then the subscriptions begin at $4.99 a month. The website builders include a variety of useful features:

A new version of Intuit’s do-it-yourself website building tool provides small businesses with the essential tools to get up and running quickly. It lets small business owners customize their websites to reflect the uniqueness of their businesses. Key features include:

  • Custom Design Features: More than 2,000 templates with easy customization
  • Simple, East to Use Tools: Drag-and-drop and easy to follow navigation
  • Social Media Integration: Increase visibility on social networks such as Twitter, Facebook and LinkedIn with “follow me” buttons and a “Facebook Like” button; easily add and manage a blog
  • E-commerce: Create online stores with shopping carts and simple payment options.
  • Browser-based Features: Manage a website anytime, anywhere using Internet Explorer, Firefox and Safari.

Intuit also offers a Weblistings service to improve site SEO (search engine optimization) and an Online Marketing Toolkit to increase online visibility and increase traffic.

Quickbooks – Free tutorials and courses from Learnthat.com

August 18, 2010

If you are looking for FREE Quickbooks tutorials and online courses check out what is available on Learnthat.com. Some of these may be difficult for anyone that has never used Quickbooks, but if you are just trying to improve your skills or learn some of the new features available this is a great resource.

Quickbooks – Free tutorials and courses from Learnthat.com.

If you are looking for one on one Quickbooks training then contact us at WNC Snap. Our team can provide beginner and advanced training on various versions of Quickbooks. We can even help save you money when buying the Quickbooks program.

WNC Snap-we are here to serve you!

Are You Starting a Business in Asheville NC?

July 15, 2010

Starting a business is a huge investment of time, money and personal energy as an entrepreneur and business owner. Start up companies have specific financial tracking and bookkeeping needs that must facilitate the new business’s goals.

Here is an interview with wine guru and entrepreneur Gary Vaynerchuk in which he provides some powerful start up advice that will inspire and motivate any business owner or entrepreneur.

CLICK HERE TO SEE Gary Vaynerchuk’s Startup Advice


Entrepreneur.com’s Start Up Guide – An Excellent Business Resource for Entrepreneurs

July 10, 2010

Do you have a business idea you are dying to explore? Business ideas often have potential, but it is the careful planning and business development process that actualizes your idea’s potential. If you are starting a business or you are in the early stages of starting a company now is the time for attention to detail. Learn as much as you can about successful startups and how they operate and be certain you have set up a clear financial tracking system so you can be fully up to date on business expenses and costs, as well as sales and finance management.

CLICK HERE to review the Startup Guide on Entrepreneur.com!