Radically Simple Accounting is a Textbook

Radically Simple Accounting has been used as a textbook for awhile. Recently, it's been picked up at the university level. And not just any University, but Northeastern University in Boston, MA. Believe it or not, that is the university I attended for my freshman & sophomore year. I was an older student, turned 21 in the dorm, so I was more motivated than my classmates, studied hard, and became valedictorian my sophomore year. And now they're the first university to use my book as a textbook. It's a small world!

Northwest Enterpreneur Network (NWEN)



Last night I won this fabulous, rather large gift basket from the Northwest Entrepreneur Network (NWEN) event, thanks to Pacific Real Estate Partners. 


NWEN supports entrepreneurs bringing new products to market. Link to Northwest Enterpreneurs Network

My father was an inventor. He worked at DuPont and invented Tyvek on their time, their dime, so no royalty checks for moi. It's a risk to take your own time to invent a product, and be willing to take it to market with your own equity. I respect anyone who's willing to take the risk.

Backup QuickBooks Daily

VIRUS ALERT. If your QuickBooks data is backed up daily, you'll be fine.

The Philippe Matthews Radio Show

Phillipe Matthews has a very interesting radio show, worth listening to. His motto is "If you like O, you're going to love P".

He recently rated, Radically Simple Accounting book as PHILIPPE'S BEST!


The Phillipe Matthews Show Rated Best Link

Bank Fees -- Getting them waived

About every three years they want to start charging me bank fees again. This months statement had $21 in bank service fees, so it was time to see if I could get them waived again?

Securing free checking is a business dance where not all of the steps are choreographed at the start of the dance.But so far, I've always succeeded in securing free checking for myself, and for every client too. Think how much money I saved for my business today? ($21 month, times 3 years = $756 saved). Why should you get free checking? As a business customer, even though you have more transactions than a personal account, you maintain a larger overall balance, which the bank invests for profit. So not only is it possible to get free checking; it's your right, and my privilege to help you.

The Value of an Accountant



If you pay a bookkeeper $2,000 a year, and they lose you $6000 on taxes, you're out $2,000, plus you've left $4,0000 on the table. If you pay a better accountant $5K a year and save $6K on taxes, you've gotten your accounting done for free, and now have a $1K profit. 

Profit drives business, so people who focus on costs only are missing out.

Plus, with the higher priced accountant, you’ve protected yourself from future problems.  Accountants and dentists are very similar in one way. You're paying them for the absence of problems.  If I go in for a teeth cleaning and routine check up every 6 months, and there are zero problems, it costs me about $600 - $700 a year.  That seems like a lot of money for no dental problems. But before I  bit the bullet on paying this expensive dentist, I was having all kinds of teeth problems. I credit his care with not needing a $1500 root canal. I appreciate the fewer dental visits and less pain. It's counter intuitive to pay for the problems I'm not having any longer. However, if the saying, "an ounce of prevention is worth a pound of cure" is accurate, it's 84% more profitable. 

What do you think?

Payroll Training

For many business owners outsourcing payroll is the way to go. But some clients want to do payroll in-house for a variety of reasons, especially job costing.

I had an opening in my schedule, so I decided to attend a $250 day long QuickBooks payroll seminar. What I learned is the best way to teach payroll. From now on, I want to walk clients through the whole setup. That's not only the best way to teach payroll, but we'll solve problems you didn't know you had in the first place.

What do you think?