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Cybersecurity was a major issue for businesses in 2017, and continues to be an issue in 2018, specifically the Equifax security breach in September. With security threats and breaches becoming more prevalent as technology grows, businesses need to be more proactive protecting their financial records. Small businesses are especially vulnerable to threats without big budgets […]

An audit is a constant reality for any company because the IRS looks for red flags in business tax returns and randomly selects companies to audit. If you need peace of mind so that you can continue running your business, it’s important to understand the level of audit support your company might require. Consider Your […]

Small business owners often go through a pattern of formulating plans, experiencing a downturn trying to implement the plans, and growth when the plans take hold. You might even repeat this pattern a few times per year. So, why should your accounting plan be stagnant? Many small businesses start with a basic-level accounting service trying […]

If you are like most business owners, you are constantly evaluating opportunities to improve or grow your company. What if I told you that working with a CPA firm is an important and strategic opportunity that you should consider in your business plan? Warren Buffett, one of the most successful businessmen and investors in the […]

Utilizing QuickBooks Online for your accounting needs is like trying to find the best shoe available in the store. You need to assess the size, width, and style to ensure the best fit. Otherwise, you’ll walk out of the store with shoes that will not serve their proper function. Similarly, every business is different and […]

Reynolds and Associates witnessed firsthand the effects of a natural disaster on businesses in the city of Houston this past August. Though we were deeply saddened for our community and colleagues who were affected by the aftermath of Hurricane Harvey, we were also uplifted by each of the courageous Houstonians who came together in support. […]

If you are an independent contractor, freelancer, or entrepreneur, you should seriously consider QuickBooks for Self-Employed (QBSE) to accurately track, record, and report your business activity. QBSE is a cloud-based accounting system designed for individuals who have a “Schedule C” business for tax purposes. This includes anyone who conducts business as a sole proprietorship or […]

Retail companies come in a variety of shapes and sizes across multiple industries. Yet, the common need for every retail company is a reliable point of sale system and accounting method to accurately record transactions. QuickBooks Point-of-Sale (POS) is an ideal retail management system often used by companies with a storefront that need to efficiently […]

Manufacturing companies face a unique set of accounting challenges keeping track of inventory, accurately recording transactions, and generating reports based on their activity. That’s why many manufacturing companies need to think about the most user-friendly and accurate method to handle their accounting needs. If your company currently uses a platform besides QuickBooks, you should consider […]

Small to medium size businesses can improve operations when they align their business model to the available QuickBooks versions for accounting purposes. The great thing about QuickBooks is it can be customized to fit your business. This allows you to keep track of transactions, income, expenses, assets, liabilities, and other accounting measurements within the software […]