The $92,000 Mistake Sitting in Undeposited Funds
by Paula | Mar 26, 2026 | Uncategorized It’s not unusual for me to open a set of books and find something unexpected. But this one stopped me. Buried inside a QuickBooks file was a balance of over $92,000 sitting in an account called Undeposited Funds. The business owner had no idea it was there. In fact, they believed their books […]
Why Do You Keep Preaching At Me About Accurate Books?
by Paula | Mar 10, 2026 | Uncategorized If you run a business, accurate books aren’t just “nice to have.” They directly affect how much money you keep, how confident your decisions are, and how stressful tax season becomes. Here are the five biggest financial reasons to keep your QuickBooks complete and accurate. 1. You Don’t Overpay Taxes When expenses are missing or […]
What To Do When Your Bookkeeper Or Accountant Is Retiring
by Paula | Feb 26, 2026 | Uncategorized If your bookkeeper has shared that they are planning to retire, you may be wondering what this means for your business. I have helped several business owners through this situation. Most of them did not realize how much their bookkeeper handled until they started thinking about the transition. The good news is […]
Understanding Reasonable Compensation For S Corporation Owners
by Paula | Feb 25, 2026 | Uncategorized If you’re an officer-owner of an S corporation, it’s crucial to recognize how the IRS views your compensation. As an employee of your corporation, you are required to pay yourself a wage that is deemed “reasonable” for the work you perform. But what does “reasonable” really mean? It refers to a wage […]
Why Setting Up Bank Feeds In QuickBooks Online Is Essential For Your Business
by Paula | Feb 22, 2026 | Uncategorized As a CPA and the owner of Melton Bookkeeping & Accounting Services here in Missouri, one of the first things I check when working with a new client is this: Are your bank feeds connected in QuickBooks Online? If they’re not, you’re working harder than you need to — and your books […]
February NewsLetter
by Paula | Jan 31, 2026 | Uncategorized Key Actions February is the month to clean up what was missed, get organized, and start planning ahead before tax season peaks. Use this month to: Upcoming Tax Deadlines February 2, 2026 March 16, 2026 April 15, 2026 Final Thoughts February is the perfect time to build on January’s momentum by tightening […]
Costly Bookkeeping Mistakes Businesses Made in 2025
by Paula | Jan 29, 2026 | Uncategorized As we look back on 2025, it’s evident that even the smallest bookkeeping error can have significant consequences. Through my review of numerous financial records, I identified several recurring mistakes that, while not stemming from carelessness, resulted from a lack of awareness regarding their impact. Here’s a look at some of the […]
TRANSFORM YOUR BUSINESS WITH A SHIFT IN YOUR MONEY MINDSET!
by Paula | Jan 29, 2026 | Uncategorized Many business owners believe that growth is solely a result of working harder, increasing sales, or introducing new offerings. However, one of the most significant changes in thriving businesses begins with something more fundamental: your mindset about money. Your money mindset profoundly influences how you price your services, manage cash flow, plan for taxes, […]