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:
It's time to close the books on 2020, but before you close the year in QuickBooks, you need to ensure a few things are done.
We aren’t talking about peanut butter and chocolate (although that is good); we are talking about a part-time bookkeeper and a part-time CFO. That combination lets you do what you do best – create new products and services for your small business.
Accountants love it when they get a clean set of books. The ultimate prize is when the Net Assets with Donor Restrictions account is up to date. A critical step in getting there is a good grant balance tracking system maintained throughout the year. Here are three ways we track restricted grant balances using QuickBooks Online:
Small business owners wear many hats, and it's easy to let things slip through cracks (like that great marketing campaign you were going to do for the holidays). It's nothing to feel bad about ... when priorities shift, your attention and time needs to as well. There are plenty of tasks that can be tabled, but there are some that border on dangerous when delayed, and bookkeeping is one of them. When you let it pile up and get too far behind, the details start to slip and are harder to reconstruct. So, we thought we'd share a few of our sagely tips that seem to be useful in keeping the time spent tracking your finances as efficient and effective as possible.
Throughout the year, we publish weekly blogs loaded with tips, tricks, and valuable information about QuickBooks and all things bookkeeping. We all know 2020 was an unprecedented year, with information regarding relief programs and other solutions for businesses affected by COVID-19. We've compiled our most popular and significant blog posts from 2020 here to be sure you don't miss out on them!
Now that specifics are out for the second Paycheck Protection Program (PPP) round, there are some important things you need to know. One is the 25% loss in receipts rule.
For most of us, driving to the office has been replaced by remote work environments. Fortunately, at BudgetEase we did a lot of remote work before the pandemic. For many small businesses, however, this has been a challenging adjustment period.
As the title suggests, we can help your small business tackle the tough stuff, and no we are not selling laundry detergent now. By the tough stuff, we mean all the transactions in your QuickBooks file that you haven’t cleaned up because you either don’t have time or don’t know how. Luckily for you, we do this every day (and actually like it).
Summer's over, the kids are settled back in school or in their virtual classes, and we have a little time before the hustle and bustle of holiday shopping hits. Spend the extra time you have now catching up on your bookkeeping (and dealing with matters related to operating in a global pandemic). Sounds exciting, right? Probably not, but it will pay off if you do it!
