BudgetEase Blog - Making YOU Profitable™

    Cindy Gill


    Recent Posts

    How to Update Your QB File for Fixed Assets and Rental Property Improvements Using Your Tax Returns

    If your small business has fixed assets or property, how do you determine the amount of depreciation to be entered into QuickBooks? Best practice is to use your accountant’s depreciation schedule, adjusting journal entries or an accountant copy update file to bring your QB in line with the tax return. If none are available, use this approach:

    Review Your General Ledger – And Skip the Year-End Headache

    It's all about the report! How often are you checking your books for accuracy? Reviewing a P&L (profit and loss statement) is a great practice to see how you’re netting out each month. But reviewing the GL (General Ledger) can quickly show you where something’s not adding up, or you've incorrectly entered data.

    Do You Love or Hate Your Bookkeeper?

    Sometimes bookkeeping for small businesses can be frustrating, both for you as an entrepreneur and for your bookkeeper. They slow you down by asking questions about things that you would rather not deal with, like: 

    9 Reasons Why Financial Reports Make YOU Profitable

    At BudgetEase, our motto is: Making YOU Profitable. How will you know YOU are profitable? You need solid financial reports in order to answer this question. BudgetEase can turn your financial information into a set of reports you can count on.

    Deadline to file your 1096 is February 29th. Here's what you need to know

    Heads up for businesses who sent 1099 to their contractors! The due date to file with the IRS is coming up quickly.

    When Do You Need a Bookkeeper?

    While running your own business, you pay bills online, deposit checks with your smart phone and check your bank balance using the internet. So far you are managing quite well. Then something unexpected happens - an automatic bill payment you set up clears the bank and suddenly you are overdrawn.  

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    Small Business Bookkeeping