For those of you who prefer to maintain your own QuickBooks file. You may find these often-overlooked features useful: Repetitive transactions. QB can automatically record recurring transactions, such as making payments either electronically or on paper (to print a check, click the File menu’s send document or print document), recurring entries and recording depreciation. Access [...]
IRS Will Request QuickBooks (and other electronic) Files During An Audit
January 24, 2012 By 1 Comment
“The IRS has initiated a new examination program for small businesses in the past year. This is affecting all examinations of small businesses if they use any electronic accounting software.” As a QuickBooks®consultant, I am here to help you understand the issues and assist the small business client in preparing for the examination. ‘The typical [audit] [...]
Price Increase for Intuit Direct Deposit; 1099s, W2s, etc.
January 20, 2012 By Leave a Comment
Direct Deposit If you process payroll using QuickBooks and are signed up to Direct Deposit, the fee has increased to $1.45 per paycheck. The fee is automatically deducted from your bank account and recorded in QuickBooks within the payroll tax liabilities transaction. Check out our Payroll Services and contact us for pricing. 1099 & W2 [...]
1099-MISC Not So Easy To Prepare This Year
January 19, 2012 By Leave a Comment
Used to filing your own 1099s? This year is the first the IRS is requiring us to separate payments made to our vendors by cash or check from payments made by credit/debit cards and third-party payment services like PayPal in the 1099-MISC form. Third-party payment processors like Paypal are now required to report all transactions [...]
The New QuickBooks 2012
September 29, 2011 By Leave a Comment
The newest release of QuickBooks became available for download as of September 26, 2011 and will be available for purchase in stores as of October 9, 2011. I must say there are some pretty cool new features that will definitely come in handy for your business. Because Your Time Is Valuable Remember the interview process when [...]
The 411 of Small Business Bookkeeping Software
September 12, 2011 By 5 Comments
Small business bookkeeping comes with enough stress already. The last thing you want to worry about is the right software to use. QuickBooks has been and remains the #1 small business bookkeeping software. However, that doesn’t stop other web-based solutions from rising, not to mention the new and improved Peachtree 2012 that is trying to compete with QuickBooks (2012 version [...]
Do I Have To Buy QuickBooks Every Year?
December 9, 2010 By 6 Comments
Every year, Intuit releases a new version of QuickBooks with new features. I have noticed when I speak to small business owners that because of this annual release, they have the misconception that the new QuickBooks version has to be purchased each year. This keeps many business owners from choosing QuickBooks as their accounting software [...]
Recording Refunds in QuickBooks
November 4, 2010 By Leave a Comment
I see a lot of confusion in this area when assisting or training clients in QuickBooks. To record a refund from a vendor or anyone else, you post it as a deposit transaction. The trick is to code the refund to the account (or category) the initial expense was for. Example: if you’re receiving a [...]
What would I do without you QuickBooks?
October 7, 2010 By Leave a Comment
