The Benefits of Working with a Legal Industry Accounting Expert

We’re continuing on the topic of industry specialization this month. As you may know, Gibbons & Gibbons specializes on working with professional services providers, particularly law firms. We took a look at an article by Michael J. Nathanson and Stephen R. Stelljes of The Colony Group, entitled Specializing on Specialists: Financial Planning for Lawyers, in which the authors make the … Read More

4 Ways QuickBooks Online Can Make Your Company Stronger

QuickBooks Online is more than an online accounting tool. It’s a gold mine of information that can shape your company’s future success. What are your business goals for this year? If you’re like many small business owners, your list of goals likely includes at least one of the following: Improve cash flow, and end the feast-or-famine cycle Strengthen your company’s … Read More

Why Your Law Firm Needs a Specialized Accountant

  The legal industry is unlike any other. Does your accountant have the specialized experience you need? At Gibbons & Gibbons, we’re focused on providing expert accounting and business advisory services to professional services firms, with particular expertise in serving law firms. Specializing in a particular type of company, and defining an industry niche, enables us to provide the best … Read More

5 QuickBooks Online Reports You Need to See Every Week

QuickBooks Online’s reports can help you monitor your business’s health, set goals, and achieve consistent growth. But there are so many to choose from. Where do you start? QuickBooks Online’s dashboard, the first screen you see when you log in, provides an effective overview of your company’s finances. It contains at-a-glance information about your recent expenses, your sales, and the … Read More

Why You Should Conduct a Midyear Business Review

How is your business doing relative to the projections you made at the beginning of the year? Maybe you’re on a path to meet or exceed your goals. Or maybe, you have some ground to make up. In either case, there is an easy way to ensure that your business ends 2018 strong. You may have heard the saying that … Read More

Do You Suffer from DOB (Dread of Budgets)? We Have Your Solution

You know you need a budget, but it’s one of those tasks that is all too easy to put off. If you don’t have a budget yet, we have good news. QuickBooks Online (QBO) has easy-to-use tools that can jump-start the process.  Having a budget is great: it can help you stay on track with your company’s income and expenses … Read More

Using QBO’s Product and Service Records to Save Time and Effort

 Take a minute to learn how QBO’s product and service records can boost your business productivity every day. Repeated tasks are a major drain on business productivity. Sending similar emails, filling out the same business information on forms, entering contact information – anytime you find yourself doing the same thing again and again, you’re looking at an opportunity to streamline … Read More

To Keep Your Withholding Healthy, Get a Tax Checkup

You’ve filed your taxes for 2017, and if you’re among those who overpaid, you’ve likely already received your tax refund. Time to breathe a sigh of relief that you can stop thinking about taxes for a while, right? Not so fast. The Tax Cuts and Jobs Act has some major changes that will take effect for the 2018 tax year, … Read More

Up your Inventory Reporting Game with QBO

Part 2 of a two-part series on managing inventory with QBO. Read part 1 here. Do you have inventory for your business? When you first started your business, you might have been able to keep track of your merchandise by counting manually. But as you and your product list grew, this became impractical. You might have recorded it all in … Read More