Accounting & Bookkeeping & Small Business Forum

[Guest]

Hello there,

I started a business selling advertising space on my website. I got caught by surprise because I'm landing tons of clients pretty quickly and they are paying me on the spot.

I have 4 employees as of yesterday 6/29/04, I only pay them commission only per written agreement, but I have them on W2s to keep control of their activities.

I got quickbooks but I'm trying to set it up the right way.

My questions are:

Should I employ an inhouse quickbooks person to handle all of this?

Or Should I retain a bookeeper and pay a monthly fee?

Or Can I do this myself if shown the right away?
(I can learn to do things if I'm shown 10 or 20 times).

Thanks a bunch,

J.

[Guest]

JN: I SEE THE POTENTIAL FOR A NUMBER OF PROBLEMS YOU WILL BE FACING. IT IS IMPERATIVE THAT YOU GET IN TOUCH WITH ME AS SOON AS POSSIBLE I CAN GET YOU STARTED ON THE RIGHT FOOT.

I AM ESPECIALLY CONCERNED ABOUT YOUR PAYROLL ISSUE THEIRE IS A CHANCE YOU ARE NOT DOING EVERYTHING CORRECTLY AND ARE SETTING YOURSELF UP FOR SOME PAYROLL PENALTIES

I DO NEED TO KNOW WHAT STATE YOU ARE OPERATING OUT OF AND IF YOUR EMPLOYEES ARE A RESIDENT OF THE SAME.

EITHER EMAIL ME OR CALL ME COLLECT AT 651-674-8748

RICHARD

[Guest]

Hi JN,
Let me answer your question in regards to the proper direction to take with; YES, YES, YES. You can retain an onsite person, use a service or learn it yourself. It sounds like your business plan is working (maybe better than expected) so stay with it and use option 1 or 2, ie., get help. No sense becoming what I and others are unless you REALLY prefer bookkeeping to running your advertising business. There are advantages and disadvatages to both option 1 or 2. I would be happy to discuss them with you. Rodger Regele, MBA, QuickBooks Pro Advisor