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By Kristin Ellison | Thursday, August 29, 2013

Save time and money by managing project “scope creep”

Everyone dreads “scope creep.” That’s when a project keeps expanding, either due to endless revisions or the addition of new work that wasn’t part of the original plan. To avoid it, be up front with clients about the number of changes covered in the fees that you’ve agreed upon. Additional work and/or revisions can certainly be accommodated, but you’ll need to amend the original agreement so that you’re fairly compensated for it.

What qualifies as a revision? What’s the difference between minor changes and substantial ones? You’ll have to define the line between the two, and make it clear to your client before you begin work; add this definition into the Terms & Conditions section of your agreement.

By Bonnie Bills | Tuesday, April 27, 2010

Now that tax season is over, lynda.com training can help small businesses plan for next year

If you’re still muttering to yourself about the drama that accompanied filing your business taxes, it isn’t too late to streamline the process for 2010. Personal finance expert and lynda.com author Bonnie Biafore has this advice:

“Before you forget, jot down the information you were missing, the reports you needed but didn’t have, and the journal entries your accountant had you record again this year,” says Biafore. “Then, log in to your QuickBooks company file. Set up accounts to track all your income and expenses the way you report it on your tax return. Customize some reports to match your accountant’s requests. And memorize last year’s journal entries so you can reuse them next time around.”

If you don’t already use QuickBooks, Bonnie’s QuickBooks Pro 2010 Essential Training gets you up to speed in setting up your books, running reports, and managing your company files. If you do use QuickBooks, this course offers great advice for getting the most out of all the core features in the latest version.

P.S. If you’re a spreadsheet addict who does all your financial planning and tracking in Excel, lynda.com has courses for Excel users at all levels. Use Numbers? We’ve got that covered. Google Docs spreadsheets? That, too.

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