BudgetEase Blog - Making YOU Profitable™

    Managing Fixed Assets

    The question many of our small business owners have is how to manage fixed assets. Here we walk you through identifying which assets are fixed, and then an example of depreciating a vehicle.

    Bookkeepers Guide to Closing 2019

    Before you close the year in QuickBooks (more on that to follow), you need to ensure a few things are done.

    It’s Time for 1099’s

    With the holidays behind you and the beginning of a new year, your small business has an important deadline approaching. If you have paid $600.00 or more to individuals in the form of non-employee compensation you are required to provide a Form 1099 to those by individuals by January 31, 2020.

    How to Set Up and Process IOLTA Accounts in QuickBooks Online

    Wondering how to properly keep track of your Interest on Lawyer Trust Accounts (IOLTA). To many small businesses, keeping records is downright confusing. We recommend keeping track of individual client funds. The best way to accomplish that is to set up your Chart of Accounts using subaccounts for each client.

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