Accounting Topics
Devine Dictionary: Depreciation
Today we are going to talk about the accounting term and usage of depreciation. Depreciation is certainly a word you have heard or seen used before in your financials, but do you know what it means. What is depreciation and why is it important? Depreciation is applied to assets to show the value loss over…
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Kick off Spring with a Fresh Set of Eyes
Spring is a time of new beginnings and fresh starts. We see this in the world around us, but do we see it in the place where we spend most of our time? Our businesses? When was the last time you looked at your business with a fresh set of eyes? Well maybe now is…
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What is a Sage Intacct Accounting Partner?
We wanted to take a minute and go into a little more detail about being a Sage Intacct Accounting Partner (SIAP). We are very proud to be a SIAP but know that a lot of people may not understand what that means and how it can benefit our services. So, we thought we would break…
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Upgrade Your Accounting Processes
In January it is important to make sure you are ready to move full steam ahead into a new year. However, you can’t successfully tackle a new year if you don’t have the proper systems in place to help your business grow. If last year has taught us anything it is that you never know…
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Devine Dictionary: Liability
On today’s entry of Devine Dictionary, we are going to discuss liability. What is a liability? What does a liability look like for your business? We are going to discuss what that means and what it looks like in the accounting world. A liability is a monetary amount that is owed by the company to…
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Time Management Quiz
When you own a business, your time is very important. There are only so many hours during the day, and you don’t want to spend all of them working. But how do you know if your time management is out of control? And if it is, what can you do to help with that? Maybe…
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Outsourcing: Get a Team Behind Your Business
Fall is here and the end of the third quarter is here for business owners. As you look to the end of the year it may also be a good time to evaluate how you are spending your time. What tasks are you completing that may not be the best use of your time? What…
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Devine Dictionary: Balance Sheet
You may have seen a balance sheet or hear it being discussed. But do you really know what a balance sheet shows you? On today’s entry of Devine Dictionary, we talk about a balance sheet and what it shows you about your business. A balance sheet is almost like taking a photo. You take a…
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Let’s Be FRANK: Video 6
Today on Let’ Be FRANK we discuss the PPP loan. Not how you can get it forgiven by the government but what you can do right now to set yourself up for success! Watch Let’s Be FRANK: Video 6
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Devine Dictionary: Reconciliation
What is a reconciliation? You hear this term a lot when you talk to accountants, but do you really understand what it means? Maybe you do, maybe you don’t. By understanding reconciliations, you will see why it is important to have this task completed on a regular basis. We like to compare reconciliations to sorting…
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Devine Dictionary: Accounts Payable and Accounts Receivable
Today in the Devine Dictionary we are going to review accounts payable and accounts receivable. While this may seem like an obvious one to some, it is easy to confuse them if you do not have an accounting background. So, let’s dive in. Both terms are important to understand because they have to deal with…
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Time to Clean Up your Accounting Process
Spring is the season of freshening up and that can only mean one thing, spring cleaning. Spring cleaning involves a lot of different to-dos; organizing closets, purging the attic, cleaning the walls and base boards around your home. But have you ever thought of what needs cleaned up in your business? Maybe your accounting software…
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Fall in Love with your Accounting Again
Every business owner knows the importance of good accounting in their business. However, it is easy to not love your accounting, accountant or any other part of that side of the business. Do you ever feel that way? Confused and frustrated every time you have to deal with your business’s accounting. Here at Devine, we…
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Keep your Resolution to be Stress Free
Happy New Year! The new year is a great time to reflect on what you would like to do to improve moving forward. For a lot of people that includes New Year’s Resolutions. One resolution that many think of is to be less stressed in the coming year. As a business owner there are a…
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Prepare Now for 1099s
Now is the time to get those W-9s together and prepare for 1099s. We know it may seem silly to start collecting this already but trust us, it will make your life so much easier if you just work ahead on this. The steps are simple and if you aren’t rushing to get this completed,…
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