Now that we have talked about the difference between this accrual and cash thing, I am sure you are all screaming from your roof tops "I am converted to accrual! That's right world, accrual is my cup of tea!" Well to your exuberance I say, “Welcome friend - you have made a good choice.” Your next natural thought is probably along the lines of, "Alright, so I decided to do this accrual thing which is more difficult and time consuming...what did I just get myself into?"
Have no fear. Over the next few days, we’re going to talk about some of the practical things that you can do as the CEO to get things in order, and then you will truly experience what Dashboard Accountants works tirelessly to create for our clients...life as a HAPPY CEO. That’s our job. As a matter of fact, as I look at my clock right now, its 2:22 AM and I am so excited to tell you about this stuff!
So here are some of the tips we will be covering between now and the next few blog entries:
-How to spot transactions that are directly affected by accrual accounting, and how to prepare for them.
-How to use Excel to your benefit.
-How to get your accounting dates right from the beginning.
-How to get over your fear of making this darn journal entries and adjusting journal entries.
Remember, if you have any questions or are totally stuck on an invoice give me a call at 801-678-3476.
Good luck and happy counting!
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