Accounting Topics
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…
Read More 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,…
Read More Devine Dictionary: Journal Entry
It’s time for another post in Devine Dictionary. Today’s word is journal entry. Think of a journal entry as an actual journal entry! We all see it in our head, a 13-year-old sitting in their room writing down what happened to them that day. In the accounting world a journal entry is very similar, it…
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Avoid the Ghosts of Accounting Past
It’s October which means cooler weather, scary movies and Halloween is right around the corner. This is such a fun time of year and it can even get a little spooky! Between ghosts on TV and ghosts trick-or-treating, you can see ghosts everywhere this month. The one place you don’t want to see any spooky…
Read More Devine Dictionary: Asset
We wanted to start a new series of blogs called, Devine Dictionary. It is exactly what it sounds like too, a review of accounting terminology for non-accountants. Periodically we will review some accounting language in hopes that you get a better understanding of the accounting you need to run your business and make accounting a…
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National Payroll Week
September 3 – 7 is National Payroll Week! We know, payroll can be one of the stressful parts of business ownership, but it doesn’t need to be. Outsourcing your payroll to your accounting firm is a great way to take that stress off of your plate. Another benefit of working with your accounting firm is…
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Back to School Supply List vs Business Supply List
August is back to school time and for most parents that means the dreaded school supply list and shopping trip. They need pens, pencils, notebooks, tissues, crayons, markers, new backpack, new clothes and the list goes on and on. The one nice thing that helps in this process is the school provides a list of…
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Why Small Businesses Need Accounting Firms
You’ve started your own business and guess what, you are successful! Everything is going well, you are growing steadily and have a strong presence in the market. Everything seems strong financially speaking too! Well, you think so anyways. You aren’t 100% sure because you’re not an accountant, and some of this stuff is way over…
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How Your Accounting Software is Like a Firework
July is a very festive time of year. There are BBQs, pool parties, family reunions and, of course, fireworks! I don’t know about you, but we here at Devine love fireworks! They are fun, unique and put a smile on everyone’s face. But be cautious, there is also a dangerous side to fireworks. If you…
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Loan vs Line of Credit: What is best for your business
When you own a business there are a lot of different things you have to make a decision on. One of those decisions can be about borrowing money. This is always a sensitive topic and it can be difficult to know what to do. Two common options for business owners looking to borrow money are…
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