Frances Ray Accounting & Tax Service LLC

Monthly Archives: July 2018

Amazon’s Prime Day Could Be A Great Day To Snag Some Great Deals

Posted on by Posted in Budgeting .

On July 16th at 3 p.m. Amazon’s Prime Day will begin. (I’m not sure why they call it Amazon Prime Day because it’s actually a day and a half long.) During this time Amazon Prime Members are offered sale prices on many items randomly throughout the day. I will be watching to see what kind of deals that they have. Last year I kind of regretted not having the prime membership and taking advantage of some of the deals.

I say that this COULD be a good day to shop but I also warn that you should be careful and not impulse buy. You have to choose wisely and compare prices elsewhere.First of all, you have to sign up for the Prime membership which costs $12.99 per month (or $119 per year)after your first 30 days of free membership.  The Prime membership gets you free shipping on most items and that helps to absorb some of the membership cost. So, while I believe there will be some good deals during this sale and possibly a good opportunity to get started on Christmas shopping while staying within budget, I also know that it is important to decide if you will get enough benefits out of the Prime Membership to offset the cost. While I see this as an opportunity to save money on items you buy, I also see it as an opportunity to impulse buy. As with any sale, if you decide to shop, shop carefully and stay within your budget. 

 

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My #1 Tip For Someone Starting a New Business

Posted on by Posted in Starting A New Business .

So many times, I have people in my office that are getting ready to start a new business venture. For a lot of these clients this is the first time they have ever dealt with any of the day-to-day back room workings of a business. One of the most asked questions is “What method of accounting should I use?” and for most small businesses starting out I tell them to get the Dome Monthly Bookkeeping book. It is the easiest method that I know of and it doesn’t require any previous bookkeeping experience or computer program knowledge.
To use the Dome system each type of expense has an account number, the most commonly used expenses are already given numbers. Each time you enter an expense you enter the payee, the date, the dollar amount and the account number for the expense. At the end of the month you carry the total of all the expenses with the same account number over to the end of month page. It is super easy to use and keep a running total of all expenses and income throughout the year.
The following is a link to purchase the Dome system. There are weekly and monthly versions available and its up to you to decide your preference.
You should know that this is an affiliate link and I could receive a small commission for any purchases that you should make through this link.
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