Entries by Bonnie Biafore

How long can I live with project assumptions?

How long should you proceed with your project without validating assumptions? Assumptions about a product’s or idea’s marketability should be validated quickly. Money spent on a product with unvalidated marketability is at risk. Share product specifications, drawings, or a mock-up built with Legos, but produce a prototype to validate your product’s marketability. Key stakeholder assumptions […]

Analyzing Profit and Loss with QuickBooks Classes

QuickBooks classes are ideal when you need to analyze finances across accounts, income, expenses, customers, jobs, vendors. Classes help you track financial results by categories such as business unit, location, partner, or item. Classes can span time and items, too, because you assign a class to individual transactions (such as checks, bills, sales receipts, and invoices) as well as to specific line items on invoices or bills.