Want to ensure your QuickBooks (QB) file aligns with your tax return? The best practice is to enter into QuickBooks your accountant’s adjusting journal entries If these aren’t available, we recommend ...
Trouble with a reconciliation discrepancy? Don’t worry! If your opening balance doesn’t match your bank statement, it may be due to one of the following common issues: A previously reconciled ...
If you pay employees biweekly but recognize income monthly, your revenue won’t align with the expenses that helped generate it. This causes your income statement (P&L) to understate expenses in ...
Intuit has aligned with a bank called Green Dot to provide QuickBooks Online users with an integrated checking account. This account, called “QuickBooks Cash and Envelopes,” is designed to house ...
Are you a dentist trading services for IT support? Or perhaps a physical therapist exchanging services with someone managing your social media? These are excellent examples of bartering.
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 ...
The second draw of PPP funds is a life raft for many small businesses. There are a lot of great changes to the eligibility rules and uses of PPP-2 funds. Unfortunately, there are a few changes that ...
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 ...
I heard this advice at a JumpStart EXPO from a very successful entrepreneur. When it comes to small business bookkeeping there are two things a business owner should never do:
We decided to analyze our client’s financial performance for the last two years. (There's no denying it -- we are a bit nerdy!) Not surprisingly, we found that most small businesses had a difficult ...
