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Category: Tips & Tricks

Random Tax News You can Use

By Alan Phillips Posted on 03/29/2021 Posted in Tips & Tricks Tagged with home expenses, tax audits, taxes

Extended personal tax due dates for 2020 IRS:     Federal tax returns (1040) are now due on Monday, May 17th. IRS:     If you are normally required to pay 1st quarter estimated taxes for the current year (2021) on April 15th, …

Random Tax News You can Use Read more »

Taxes and COVID-19

By Alan Phillips Posted on 11/20/2020 Posted in Tips & Tricks Tagged with COVID-19, IRS reporting, Sage 50

We do not usually write articles about tax issues, but we recently found some noteworthy articles related to taxes, the pandemic, and COVID-19, for you to think about. These are all courtesy of the “Accounting Today” Daily Briefing, to which …

Taxes and COVID-19 Read more »

Need to write a “one-off” check? here’s how

By Alan Phillips Posted on 09/01/2020 Posted in Tips & Tricks

Occasionally you may have to write a check to pay a bill and will probably never have to write a check to that particular company or person again. We call this a “one-off” check, and It is not really necessary …

Need to write a “one-off” check? here’s how Read more »

Finding a Key Performance Indicator (KPI) to Measure Your Business

By Alan Phillips Posted on 03/23/2020 Posted in Features, Tips & Tricks Tagged with KPI, Sage 50

Every business owner has some way to measure the growth and success of their business. My father-in-law was a commercial and industrial movie producer. I asked him what he considered a key performance indicator (KPI) that measured the health of …

Finding a Key Performance Indicator (KPI) to Measure Your Business Read more »

Closing the Year in Sage 50: Some items to consider

By Alan Phillips Posted on 12/04/2018 Posted in Tips & Tricks Tagged with Sage 50, year end close

Many of our clients generate their tax and financial reports on a calendar year basis. With that in mind, here are some year-end accounting items that should be reviewed as the calendar year draws to a close. These same points …

Closing the Year in Sage 50: Some items to consider Read more »

Period End Closing in Sage 50: A Checklist

By Alan Phillips Posted on 10/17/2017 Posted in Tips & Tricks Tagged with account reconciliation, period end, Sage 50 general ledger

There is no formal period end closing in Sage 50 within an open fiscal year. There are, however, several important steps that we recommend all users should complete before issuing and filing financial statements for that period. Proper period end closing …

Period End Closing in Sage 50: A Checklist Read more »

Using a Modern General Ledger

By Alan Phillips Posted on 02/07/2017 Posted in Features, Tips & Tricks Tagged with chart of accounts, financial reporting, Sage 50 general ledger

In a recent white paper “The 10 Essentials of an Effective Financial Solution”, the first point identified as essential in the paper is a “modern general ledger”. Let’s see how Sage 50 meets this criteria. Premise: The modern general ledger (G/L) …

Using a Modern General Ledger Read more »

Financial Reporting A-B-C’s in Sage 50

By Alan Phillips Posted on 04/29/2014 Posted in Features, Tips & Tricks No Comments

Most business people today are familiar with the two standard financial statements: Balance Sheet and Income Statement. But there is a third meaningful statement available in your Sage 50 software: the Cash Flow Statement.

Read more ›

High Security Check Stock Available

By Alan Phillips Posted on 01/15/2014 Posted in Tips & Tricks No Comments

Check fraud losses are in excess of a billion dollars a year. TriStar’s source for checks has released new checks with the latest security technology. These new high security checks are the same price as previous checks purchased from TriStar. …

High Security Check Stock Available Read more »

Tools for Inventory Management

By Alan Phillips Posted on 09/17/2013 Posted in Add-Ons, Tips & Tricks, Uncategorized No Comments

As manufacturers and distributors should be well aware, careful management of inventory is essential to business profitability. A significant portion of a company’s assets can be invested in inventory. Knowing how many, where, and in what condition that inventory resides …

Tools for Inventory Management Read more »

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Recent PeachFuzz Posts

  • Random Tax News You can Use 03/29/2021
  • Taxes and COVID-19 11/20/2020
  • Need to write a “one-off” check? here’s how 09/01/2020
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