• Categories

  • D. L. MacMillan

    207 221-0396

     

    Professional Bookkeeping Services

    and Personalized QuickBooks Training

    provided by a Certified

    QuickBooks Consultant.

     

    Over 30 years experience

    helping businesses grow through

    better financial management.

     

    Proud member of the Portland Maine Regional Chamber of Commerce

     

Archive for November, 2006

Gifting In The Workplace

Posted by admin on November 30th, 2006

Copyright 2006 Bookkeeping R Us All Rights Reserved

Tis the season when we are wracked with indecision on who to buy for and what to buy. We don’t want to insult anyone, but neither do we want to bust our budgets. Here are some of my thoughts on this dilemma.

First of all, this is not a competition or at least it should not be one. The largest or most expensive gift is not always the one most appreciated.

Make a list – a short list. Your gift giving list should include your immediate boss and perhaps those co-workers you think of as friends. If this gets uncomfortable because some of your co-workers are less than what you consider worthy of your hard earned cash, then you might want to take the gift giving for those who have earned your respect and trust out of the office environment. For example, share a lunch with the few you wish to give gifts to or send the gifts to their homes. Hopefully they will recognize and respect your desire for private giving and not tell all at the office. Of course you could take a stand on office gift giving and not give individual gifts but instead treat everyone with homemade cookies, candy, or some other goodies. This way no one’s feelings get hurt.

Of course, some companies have instituted a Secret Santa type of gift giving, where everyone draws a name and purchases a gift for that person staying within a declared dollar amount. This can be fun in a small group where people know each other well enough to personalize the gifts. In a large group, gifts tend to be very impersonal and the whole experience, in my humble opinion, just falls flat. One company I worked for many years ago put into place a unique gift giving opportunity at their holiday party. Every employee was asked to prepare a personal award presentation for an employee chosen by passing the hat. These presentations were funny, thoughtful and often brought employees closer as each of us strove to be positive with our “awards”. It was fun for the giver, the receiver and the audience alike.

And don’t forget that gifts don’t always have to be bought. They can be gifts of service. Babysitting, gift wrapping, offering to supply a special dessert for a busy co-worker’s upcoming party, pet sitting, house sitting – the list goes on and on. Think of your talents and what may be needed by a co-worker. Just be sure to be clear as to what you are offering and when. And don’t over book yourself.

And now for your boss. Unless you are new to the company, you have been working with this person for awhile, so you must have some idea of his or her interests. Be thoughtful in your choice of gift. Just don’t run out at the last minute to pick up any bottle of wine or liquor or gift basket. Are they into reading – perhaps a book in a subject that interests them? Do they participate in athletic activities – then think about a tee shirt or sweat shirt that is imprinted with artwork that will inspire them. How about an art print to decorate their office? Or even that special coffee mug – not just any old one – but one that really makes their daily coffee a fun or inspiring event. I have found Raven Studio is just great for gift giving ideas. Whatever the interest, you will be able to find a great gift. Check it out.

Whatever you chose, make sure of two things – it’s a quality made gift (not always expensive) and it relates to their personal interest. You will make more of a splash with your thoughtfulness than by trying to impress them with the cost of the gift.

And most of all – have fun, don’t break your bank and make your gifts ones that will be remembered for years to come.

Big Savings For You

Posted by admin on November 29th, 2006

I have just been notified of a great offer from QuickBooks. If you are struggling with payroll or realizing that you need help then now is the time to subcribe to QuickBooks Payroll. Offered in two packages - Standard and Enhanced, QuickBooks gives you all the tools you need to process your payroll with confidence.

QuickBooks: Payroll - The accountant-recommended solution that helps you manage your payroll efficiently, so you can confidently focus on running your business.

Works within QuickBooks, so there’s nothing new to learn and no double entry
Quickly download the latest state and federal payroll tax tables and forms
The QB Payroll Center lets you manage all your activities from a single, at-a-glance screen
Easily share your payroll data with your accountant if you want to double check that your numbers are accurate and complete

QuickBooks Payroll Special Discount for New Users Only

Customers save $50 dollars on Standard Payroll and $100 on Enhanced Payroll. Promotion now through until 1/31/07. This offer is valid for New Payroll Subscribers Only . Discount applies to first year of service.

Don’t loose out on this great offer - sign up today!



Cost of Goods Sold (COGS)

Posted by admin on November 29th, 2006

Copyright 2006 Bookkeeping R Us All Rights Reserved

This term defines the total expense incurred to bring a particular product or service to the finished goods stage. It usually includes items such as materials, labor and tax expenses related to labor, certain insurance expenses, freight charges, taxes, subcontract labor and depending on the type of business there may be other expenses included in this category. However, it does not include any general expense a company incurs such as administrative salaries and related payroll costs, sales expenses, office expense, rent and utilities. Sometimes a company will chose to assign a portion of general and sales expenses to the cost of goods sold. For example if a portion of the building being rented is used for manufacturing purposes then the pro-rated rent and utilities for the manufacturing area will be included in COGS.

Copyright 2006 Bookkeeping R Us All Rights Reserved

QuickBooks sure does offer just about any kind of reporting a bookkeeper might need. But what if you want to analyze your numbers using all the power of Microsoft Excel?
Not a problem. And as easy as 1, 2, 3. Here is how:

1. Run the report with the data you wish to export to Excel
2. At the top of the report page click the button “Export”
3. Choose Export QuickBooks report to: “a new Excel workbook” and click Export at the bottom of the window.

Excel opens with the information ready for you to use.


Roberto Goizueta - You borrow money

Posted by admin on November 27th, 2006

You borrow money at a certain rate and invest it at a higher rate and pocket the difference. It’s that simple.

Roberto Goizueta (1931 - 1997)
U.S. business executive.The “Goizueta Rule of Investment.”
Fortune

Bookkeeping Is Not Just For Businesses

Posted by admin on November 24th, 2006

Copyright 2006 Bookkeeping R Us All Rights Reserved

Keeping good personal financial records can save you money in several ways. First of all you will avoid fees, fines, etc by knowing what your balances are and when your bills are due. You will know if a mistake has been made in your banking accounts or credit card accounts within a time frame that you will be able to either have the mistake fixed or at least avoid the expense of making the mistake depending on whether it’s yours or the bank’s. Your tax preparer will breathe a sign of relief (and probably charge you a lot less) when you come in without your shoebox of receipts, but an organized record of your income and expenses. And you might just pay less in taxes. All good reasons for taking the time all during the year to record your financial transactions.

Be Smart, Be Efficient, Know Where Your Money is Being Spent - As easy as using your checkbook, but with lots more benefits. Get it today - Start the New Year Right!!!!


We’ve paired Quicken Home & Business 2007 with an easy-to-use guide to help independent consultants, 1099 contractors and freelancers get up-to-speed quickly. Guide can be downloaded with just one click.


Finished Goods

Posted by admin on November 22nd, 2006

Copyright 2006 Bookkeeping R Us All Rights Reserved

In manufacturing as well as some other types of businesses, raw materials are converted into finished goods which are the final product to be sold. There may be several steps along the way to reach the finished goods category.