Training Fido to Fetch More than a Bone

While “fetching” might be what some trained dogs can do, accounting systems are getting into the act too. This relatively new feature is called “receipt fetching,” and it’s when an app can retrieve documents directly from the vendors that you do business with so you don’t have to spend so much time on paperwork retrieval. […]

Setting Up Products and Services

  The products and services your business sells make it unique. The same thing is true of how these items are set up in your accounting software.  Whether you’re using QuickBooks Online or something else, setting up products and services correctly can impact the quality of the information you can get out of your accounting […]

Should You Have a Financial Dashboard?

A quick glance is all you need to check your fuel gauge, speed limit, engine temperature, and RPM when you’re driving down the road. Your car’s dashboard is designed to focus you on what’s important and what you need to know to have a safe trip.  If you run a business you have a financial […]

The Concept of Internal Control   

 Internal control is a very special phrase in the accounting profession. Tactically, it’s the set of processes that help a company produce accurate data throughout the organization, follow reporting requirements and laws, and maintain consistency and accuracy in its operations. Strategically, it’s an entirely new way of thinking and doing business.   Internal control helps […]

Evaluate Your Marketing Spend

One of the most important success factors of small businesses is the ability to generate revenue.  To do that most businesses need to market their services and products to bring in new customers and sales. The challenge for small business is how to make their marketing dollars work the hardest, and this requires careful tracking […]

Filed an Extension? Five Tips to Make Tax Time Painless

Filed an Extension? Five Tips to Make Tax Time Painless Some people filed an extension and have until October 15th. The deadline to file on April 17th has already passed. Tax time is probably not your favorite time of year, especially if you have to pay the government your hard-earned dollars. Here are five tips […]

Eight Ways to Increase Your Profits

Increasing your profits might sound like it’s an unattainable dream just out of your reach. There are a finite number of ways to increase your profits. Once you understand what they are, you’ll have clarity on how to best reach your profit goals. You can then implement them one at a time to increase your […]

Financial Reporting – Profit and Loss Statement

It is important to know the financial state of your business. We know that reading these financial reports may not be as simple as one would think. For this week’s Financial Reporting topic, let’s focus on the biggest one of all – the Profit and Loss Statement.   What is a P&L Statement? A Profit […]

Accounting Services

Do you spend was too much time after a full day of work to finish your accounting workload? If you answered yes, then we can help you! Diversified Business Solutions, Inc. offers bookkeeping and accounting services to help you make running your business so much easier. Our motto is: “Invest Your Time Making Money, Not […]

QuickBooks Keyboard Shortcuts

A keyboard shortcut is a combination of keys pressed simultaneously to perform a function or task that generally requires a mouse or other devices. QuickBooks keyboard shortcuts work the same way except that it only applies when you are a QuickBooks file (Desktop or Online). Whether it’s to close a scree, open a transaction, or […]