braveaccounting – Brave Accounting

3 New Year’s Resolutions to Work Faster & Make More Money

By braveaccounting on December 17, 2019

The end of the year is fast approaching and that means prepping and preparing for tax reporting. As I review the past year’s bookkeeping, I like to keep a list of reclass items and other issues that surface during my review. I take a little time to ponder the time I am allocating to tasks […]

When should you use class & location tracking in Quickbooks Online?

By braveaccounting on August 9, 2019

Class/Location tracking is a powerful tool that is regularly used incorrectly. Almost every account I have worked with struggled to understand when and how to use the class tracking to breakdown their financials. What is class & location tracking? The class & location tracking feature in QBO is a tag that you can apply to […]

Are You Ready For A Bookkeeper?

By braveaccounting on May 29, 2019

Bootstrapping becomes a way of life for entrepreneurs. You start out doing the marketing, sales, production, and even the accounting yourself out of necessity. But the goal is to grow your business large enough that you can hire specialized personnel to serve these needs so you can focus on the areas you enjoy and bring […]

Eliminate Steps with Quickbooks Bank Feed

By braveaccounting on April 30, 2019

Did you know you can pay bills and receive payment against invoices directly in the Quickbooks Online bank feed? This is a huge time saver because it eliminates the step of creating the invoice payment receipt and bill pay entry. Using the bank feed to pay bills works only if you do not need to […]

Save Time With Automation in Quickbooks Online

By braveaccounting on April 18, 2019

Quickbooks Online products come backed with features that allow you to automate repetitive tasks. This blog series will focus on some of my favorite time savers and how you can apply them to your business. This week I implemented recurring invoices for a client that had rental payments coming in each month. This client didn’t […]

Spring Is In the Air

By braveaccounting on April 15, 2019

We got just enough sun for me to get the horses out. Horseback riding is an important part of my stress management program. It is so important to take time out from your work to recharge. This month’s discussion is about processes you can implement to reduce your risk of theft in the workplace. Theft […]

Are your clients getting burned by horse show fees?

By braveaccounting on July 16, 2018

If you are one of those savvy trainers that has started to charge flat fees for travel costs at horse shows, kudos. The rest of you need to get on board. Long has it been the practice of horse trainers to split all of their travel costs and their’s employee’s travel costs between clients at […]

7 Employement Costs You Should Know About

By braveaccounting on October 19, 2016

You’ve been working hard to add clients to your business and are finally at a place where you think you can afford to hire your first employee. That is a huge step for a small business owner. Before you make that leap, make sure you know exactly how much that new employee is going to […]

How To Write-Off Your Horse Expenses

By braveaccounting on March 17, 2016

Wouldn’t it be great if you could write off all of those pesky bills you pay each month to keep your horse? You are planning on selling him one day, maybe even for a profit. That should count as business income, right? Many horse owners have followed this line of thinking and attempted to claim […]

Why Your Clients Need a Horse Show Budget

By braveaccounting on February 12, 2016

If you are a trainer, you should be prompting your clients to budget their horse spending. Knowing when and how much they are willing to spend will help you forecast your revenue for the year and plan accordingly. Nothing spells disaster like planning for a big show group and having people cancel at the last […]

Posts by: braveaccounting