Focus CPA Group, Inc. (562)281-1040

Here are some other details that might be helpful. This is my second interview with this firm. I recently recieved my associates degree in accounting and this is my first job. I have a fair amount of education, but not very much job experience. This company does not have a web site that I know of (I have searched). I do know that they do income taxes, payroll, and financial statements among other things. Their clients range from small to large businesses. Thanks for your suggestions.

I am already familiar with the online offering from Intuit (Quicken and Quickbooks), but would like to know about other companies that offer something similar. It should be geared to small businesses.

When you open a small business firm, there are lots of task to tend to in one time. Some of the important activities that needs immediate attention during beginning months of a firm include registering business

It is very essential for you to understand the basic functioning procedures of your small business from the onset. This will sort out hassles right in the beginning for you and render easy accounting all the way long. As a small business organization it is mandatory for you to realize the immaculate and on time small business accounting lest you will have to suffer a huge loss every time.

In small business it is necessary to have basic understanding of how financial transactions are taking place and when so that accurate reports can be prepared on time small business accounting can really be a difficult task if not considered from the very beginning of your business.

Even the smallest of the financial transaction can make a huge difference in the company’s profit share. As small business owner we need to understand the importance of accurate and timely accounting reports where we will need precise financial information to make the very important decisions we make as owners and managers.

Very often I meet small business owners who have put themselves into a pickle by not managing or paying attention to the valuable information provided in many accounting software packages.

Accounting operations to any business, small or large is like the fuel in your car. If you don’t have the right fuel or enough fuel in your car, you will not go very far.

Over the years I am still amazed at how many small business owners fail to see the value in managing the accounting process of their business. I was always puzzled at how small business owners could get away with running their business without even using Quicken or QuickBooks.

I figured it out. Most small businesses grow so fast that some of us don’t have the time to learn if not worry about the accounting side of the business. Why should we worry about accounting when we’ve got orders to fill, customers to make happy and vendors to manage?

Well, the importance of accounting not only lies in the requirement to file and pay the appropriate amount of taxes at the end of the year, but accounting also affords us valuable information in various report formats that allow us to make smart decisions in our small business.

These reports tell us many things about our small business that we would never think of and these reports also allow us to plan the future of our business as it relates to sales and expenses.

Sure some of us have CPAs or accountants that we give information to on a monthly or even yearly basis, where we should be calculating our sources and uses of cash flow everyday if not every week.

Sources and uses of cash is exactly what it says it is. It defines where are money is coming from (sales) and how are we using it (expenses).

Bottom line is that accounting operations is of paramount importance to your small business. Often we rely on hiring individuals that say they know accounting but how do we know if those individuals are capable of doing small business accounting. There are many programs available to us as small business owners where we can learn the basics of accounting. Sign up for a seminar or take a class at a local college or university. Your small business is just too valuable to not understand it.

I’m graduating in finance and an accounting CPA firm asked me to interview with them (small firm of about 60). I have only taken 12 hrs of accounting (2 beginner and 2 intermediate classes but they were a while ago and I only know the basics). Would I be able to cut it in an accounting position there? And also, what would I be doing? I ask this cus the interview is 3 days away and a 3 hour drive and want to make sure it is worth it and I actually know and like what I would be doing. Thanks.

i am trying to create a web site using Yahoo Web hosting.. how ever it tells me that i need to be a small business associate first…

Working on some accounting homework; I’m not sure how to journalize the signing of a contract for an imaginary construction company. Any accounting majors out there who can tell me whether the signing of a $250,000 contract for work set to begin at a future date would be recorded in the general journal? If yes, which accounts are debited and credited? Thanks a bunch.

I need an accounting program for a small to medium sized business with these main features: Customers, Suppliers, Items, AR, AP, Inventory w/ multiple price lists, and sales and profit reports. It should also be able to take more than a 500 customers, items, and suppliers total. Also, it would be better if the inventory will be automatically adjusted based on the invoices and purchases. I have tried many but found them too complicated to use, i dont need general ledgers or anything of that sort, its just for personal reference and record.

The best small business accounting software saves time and money. Whatever you do, don’t buy the wrong thing. Here’s how to get it right.
Choosing the best small business accounting software may help your company survive. Yes, out of control finances kill many a company every year. How do you know when to order inventory when you really don’t know what your inventory levels are? Is hiring a new employee a good idea? How can you decide? Will it pay to buy a new piece of equipment? Many decisions are easier to make and many decisions are almost automatic if your financial systems are under control. Plus having a smooth running financial system is a sure stress reducer and reducing stress helps with decision making too. Here’s how to get the right system.
Your Needs.
Every industry is different and your company is unique. Think about what you need from an accounting system. Maybe inventory is an important part of your business or maybe not. Do you need a payroll system or not? Before you do much shopping for software, think through what you need in the way of information. That way you’re less likely to be sold something you don’t need. Remember too that some of what you may do now to management your business can be done easier and faster. Maybe you check inventory every morning, but a computerized inventory system could keep inventory levels current all the time. You could check inventory levels less often and save time and money.
Easy To Use.
Buy a puppy and the cost just starts. That’s the way accounting software is too. The initial cost is just the start. Learning how to use the software may be a bigger challenge than you think. Sure it’s nice to talk about all the power a computer system has. But the easier, the better. Buy a system to meet your needs, not one that’s much more complex than you’ll ever need. Is this a proven system? Is there somebody who can help you if you get in trouble? Often times local accounting firms are a resource to help you with problems.
Not Too Complex.
You can often get software in different modules. Get the main accounting system, with general ledger and journals in one package. Then you can add payroll or inventory management or other modules. You can even get industry specific versions like construction company versions or retail versions, just whatever you need. Often the best choice may be an off-the-shelf product. Very seldom does a small business need a custom software product. You want a proven product used by businesses much like yours.
Will It Grow?
Need more computing power as you grow? It’s much easier to move to a more powerful version of the software you have than to buy from a different company. That’s true because usually the more powerful version is designed to look and operate like what you have now. That’s why staying within the Peachtree Software products makes upgrading easier. Same with Quickbooks. Upgrading within Quickbooks is easier than switching from Quickbooks to Peachtree. Be careful of a cheap software system with no upgrade product. You’ll be stuck.
Reduce stress and make better decisions too with the best small business accounting software. The best investment you can make when choosing software is to first decide what you really need. Then buy a system that meets your needs, but that’s as simple to use and upgrade as possible. That’s a sure route to cost and time savings. You will be much less likely to buy more system than you need if you carefully think through your requirements as the very first step when choosing accounting software.

I don’t know how to post the columnar journal to the ledger in accounting. How do i date it? Do I add both the debits and credits or subtract one another before posting it to the ledger.