When it comes to bookkeeping for small businesses, bank reconciliation is a very important aspect for any company. Reconciling your bank statement involves comparing your business transactions and balances with the bank’s transactions and balances.
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:
- 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?
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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.
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.
Check out BudgetEase's quick tutorial on how to make entering journal entries a simple process in QuickBooks.
For more QuickBooks help visit our Services Page.
There are many tasks involved with small business bookkeeping. These tasks often take much longer than we expect because concepts are easier to understand than to implement.
Here are some simple solutions to your bookkeeping problems: