Real talk. I love QuickBooks Online, for way too many reasons to list here. But one thing QuickBooks Online does not do, it does not back up your company file from a user perspective, (except for those who have the Advanced subscription—which most small business owners and solopreneurs don't). I think many “assume” this is done because of the cloud-based nature of the software. Let me say that simpler. Your company file which houses the financials of your business, is not bac

When your car starts making a funny noise, you bring it to the mechanic who then runs an auto diagnostic to find out why. In the same way, a financial diagnostic gives insight on a business’s financial issues. Some accounting and monetary problems do not jump right out when looking only at the Profit and Loss or Balance Sheet. Therefore, it is best practices to “pop the hood" for a better look. A financial diagnostic can detect issues such as: inaccurate or double postings,

ACH payments have become a way for businesses to increase efficiencies...However, fraudsters now also use ACH to steal funds..."

Segregation of Duties (SoD) sounds quite complex but here is a simple example. You are at a store returning something without a receipt.....