Ability Financial Exchange listed on the QuickBooks Apps Marketplace
Ability Business is excited to announce that our proprietary sync tool, Ability Financial Exchange, is listed on the QuickBooks Apps marketplace.
The Accounts Payable Process
All businesses, no matter their size, have bills to pay. The larger the business, the more formal the accounts payable process tends to be. That doesn’t mean small business owners can’t benefit from a formal accounts payable process. Too many “fake” bills are being sent, and all businesses should have safeguards in place. Let’s take […]
Understanding Equity on the Partnership Balance Sheet
The equity section of a business’s balance sheet is the most difficult part to understand. The accounts that make up that section vary depending on the type of entity in which the business is structured. In this article, let’s take a look at a partnership balance sheet and what the equity section looks like for those companies.
Pricing Methods
How do you arrive at a price for the products and services you sell? While it depends on what industry your business is in, there are only a handful of foundational pricing methods that are useful to know. Here are several of them. Time and Materials Pricing Many service-based businesses price based on the time […]
Time Batching
For small business owners, it seems like there is never enough time to get everything accomplished. One tool that will help you get the most out of your time is time batching, also called time blocking. If you haven’t heard of this before, it can revolutionize the way you approach work. What Is Time Batching? […]
Understanding Equity on the Corporate Balance Sheet
Your favorite number on the balance sheet might just be Cash. It’s easy to understand and something every business has. But there is a more meaningful number, at least in the long-term sense, and that’s equity. Let’s dive deeper into that part of the balance sheet. The Equity Section As a reminder, the balance sheet […]
QuickBooks Desktop 2023 New Features and Enhancements
It’s that time of the year when Intuit announces the enhancements and new features for QuickBooks Desktop. Read along as I share the benefits; discuss the new features; and note enhancements for QuickBooks Desktop 2023.
Cool Tech Tools: ClickUp™
ClickUp™ is a versatile new web application that serves multiple functions for a small business. It’s primarily a CRM – customer relationship management – with project management and workflow features built in, and is adaptable across several industries. ClickUp’s goal for its users is to save time and reduce redundancy by tying everything together in […]
When Your Remote Employee Lives and Works in Another State
Remote working has exploded in the last few years, especially in professional services. Now that companies are seeing the benefits of remote working, they are also seeing the benefits of an expanded pool of potential employees. Some firms are hiring employees that live several states away from where the office is located, which comes with […]
Is Your Best Skill Aligned with Your Business Model?
When starting a business, most entrepreneurs excel at the specific technical skill set they need in order to deliver their services and products to clients. For example, if you own a bike shop, you are pretty great at all things related to bikes. If you own a law firm, you are probably good at practicing […]