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Business David Lim Business David Lim

Are Physical Company Checks Necessary

Many companies keep physical company checks on hand for their business. However, with payment options like ACH, wires and online bill pay through your financial institution and a variety of other electronic payment options, is it necessary to have physical company checks?

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Technology David Lim Technology David Lim

Windows Security App Will Not Launch After Upgrading To Windows 11

If you recently upgraded your Windows PC from Windows 10 to Windows 11 and cannot launch the Windows Security app (ex: you click on the Windows Security icon in the taskbar and nothing happens; you right-click Windows Security to try to open View notification options or View security dashboard and are prompted to search the Microsoft Store for an app to open the options), you can try resetting the Windows Security app to its original settings by using the Reset-AppxPackage cmdlet.

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Technology David Lim Technology David Lim

How To Launch Task Manager In Windows 11

If you’re accustomed to launching Task Manager in Windows by right-clicking the taskbar and selecting Task Manager, you’ll get quite the surprise in Windows 11 when right-clicking the taskbar only gets you the Taskbar settings. Not quite sure why Microsoft opted to remove this convenient option to access Task Manager but if you find the need to access the Task Manager in Windows 11, you do have some alternative options.

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Business David Lim Business David Lim

How Do Business Owners Get Paid - Part 1

If you’ve decided to operate a business as yourself without forming a separate legal business entity, you might be thinking … well, the money flows right into my personal account so that’s how I get paid … while that’s certainly true, it’s not the ideal way to operate as a sole proprietor.

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Technology David Lim Technology David Lim

Creating a macOS Monterey USB Installer

If you’re ready to upgrade to Apple’s latest version of macOS, macOS Monterey, your best and simplest option is to upgrade your existing installation of macOS to macOS Monterey provided your existing Mac is supported. If your Mac supports macOS Monterey, download macOS Monterey from the App Store and run the installation (or via Software Update, if available).

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Finance David Lim Finance David Lim

QuickBooks Desktop 2022 Moves To Subscription Only Model

We’ve talked about having a good accounting system/solution to manage your business finances. While there are many accounting systems/solutions to choose from, QuickBooks remains a popular choice used by many businesses. It’s relatively easy to use and navigate. It’s adaptable and flexible to most businesses/business models and you’re sure to find accounting/finance professionals who have experience with QuickBooks.

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Business David Lim Business David Lim

Business Formation Documents

When you form a new business, you will amass a collection of different business formation documents. Be sure to store the original documents in a safe place and keep copies so you have the documents readily available.

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Finance David Lim Finance David Lim

Reimbursable Employee Expenses

Generally, if an employee incurs legitimate business expenses on behalf of the company and pays for those expenses using their own money or a personal credit/charge card, the employee, subject to the company’s policy and its ownership or management’s approval, may submit a company expense report with the proper receipts/backup for reimbursement through the company.

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Finance David Lim Finance David Lim

Cash Flow Projections

A cash flow projection is another tool to help manage and monitor the financial health of your business and for fiscal year planning and budgeting. In a cash flow projection, you are projecting your potential monthly cash inflows and outflows.

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Finance David Lim Finance David Lim

Don’t Rob Peter To Pay Paul!

Steady cash flow is vital for any business but even more so if you’re an independent small business. After all, if you don’t have a steady cash flow, you can’t pay bills, employees or even yourself!

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Finance David Lim Finance David Lim

Financial Projections

Putting together financial projections for your business is a good exercise and tool for business owners to help manage and monitor the financial health of your business as well as for fiscal year business planning and budgeting.

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