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THE ACD BLOG

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How to Get a Patent in the US?

How to Get a Patent in the US?
A patent gives the right to exclude the receipt of profits from your invention by third parties. The scope of this right is determined by the scope of the requirements indicated in the patent application: by demanding too little, you reduce the cost of your invention...

Chart of Accounts: Best Practices

Chart of Accounts: Best Practices
There are several key principles that all accountants should always keep in mind. No matter what kind of business you may be bookkeeping for, your books should be consistent, easy to understand, easy to read, and objectively useful.   These principles are...

5 best free accounting software products for 2018

5 best free accounting software products for 2018
5 best free accounting software products for 2018   “Where do I get the best free accounting software?” That’s always the question I see in accounting software forums. You see, business owners worry much about the expenses related to bookkeeping. Although...

The Background Story Of A Now Successful CPA

The Background Story Of A Now Successful CPA
It is easier to become intimidated when meeting professionals including physicians, attorneys and CPA’s. People can become uncomfortable because a CPA sees all the details of their finances. It is imperative a professional establishes a good bedside manner, and...

Lingo and Jargon, Oh My! Helping Your Clients Understand Basis

Lingo and Jargon, Oh My! Helping Your Clients Understand Basis
Many of us have had the same experience with doctors and other health professionals. They are explaining an issue and suddenly the big Latin words start creeping in, leaving those of us not in the medical field baffled. It is easy for a professional to slip into the...

3 Technologies Every Accounting Firm Needs

3 Technologies Every Accounting Firm Needs
Every year we hear about a new technology or three that is the wave of the future. Months later, many of these have been forgotten only to be replaced by a new must-have gadget or program. However, there are also many technologies that have staying power. For...

4 Simple Ways for a Small CPA Firm to Thrive

4 Simple Ways for a Small CPA Firm to Thrive
Are you running a small or medium sized CPA firm? Consider using one of these four tips to increase your chances of success this year and beyond. The AICPA’s annual survey is back – with great news. Accountancy firms all over the United States are...

Discounts: A Good Deal for Accountants?

Discounts: A Good Deal for Accountants?
Most Americans are always out for a deal. We all know the rush of pride when you get something for far less than its value. Accountants tend to be better at stretching a dime than most other groups. For this reason, it is very tempting to offer discounts, coupons, and...

4 Easy Steps to Set Up Company Credit Cards in QuickBooks

4 Easy Steps to Set Up Company Credit Cards in QuickBooks
If you are working with multiple credit cards that have one parent account, here is a setup option to make things much easier and cleaner for reconciliations. Steps: Open chart of accounts Create a parent credit card account Create a sub credit card account called...