BudgetEase Blog - Making YOU Profitable™

When it comes to bookkeeping for small businesses it is important to have a year-end checklist to make sure everything is in order. Here is our year-end checklist:

• Backup of data made before correcting transactions
  
  
• Review Trail Balance
  
  
• Balance changed? Review Audit Trail, Voided/Deleted and Retained Earnings QuickReport for prior year. 

Whether using QuickBooks, QuickBooks Online, or a QuickBooks app, people make mistakes all the time. Listed below are the most common mistakes to watch out for. 

Here are the top 10 QuickBooks mistakes we see most often:

Stop by if you are having a hard time setting up your QuickBooks, are not sure what version of QuickBooks you should use or know there is something wrong with your QuickBooks that you don’t know how to fix,  As a small business owner, financial stability is important.

2015 is halfway over - can you believe it?! Now is a great time to do a quick review to make sure your QuickBooks are correct. Here is the semi-annual checklist we use to make sure that our clients’ QuickBooks files are in order. 

Deductible or Not Deductible

That is the question!

Tax deductible business expenses can produce huge savings for companies and are very beneficial to small business owners who need the extra cash. The first question you need to ask is, “What is a tax deduction?” A tax deduction is a reduction of income for any item that incurs an expense to create income. These are called tax deductible expenses.

So the next question is “What type of expenses are tax deductible?”  

Here are BudgetEase's tips and tricks for QuickBooks Online to make you more efficient when organizing your finances.

We will be discussing important aspects of QBO including:

• Shortcuts
• Reports
• Multiple Screens
• Split Screens 
• Adjusting font size of screens

QuickBooks Online Shortcuts – We all use shortcuts in QuickBooks Desktop and in Office.  What are the shortcuts in QuickBooks Online?

Do you or could you use a part-time bookkeeper or QuickBooks help?

If the answer is YES please help BudgetEase out by completing the following survey

(It will take less than a minute and we will share the results with you): 

BudgetEase Bookkeeping Survey

Have you tried the QuickBooks Online App for your android, ipad or iphone?

What are you waiting for?  This FREE app allows you to connect with your QBO file when you are on the go.  Here’s what you can do with the app:

• Check, Add or Change:
  • Client information
  • Vendor information
  • See Client and Vendor Balance

QuickBooks Online is a great tool for every business owner to use. Especially if they want to see if a certain client or job will be profitable.