BHT&D Certified Public Accountants Blog

How Do I Close An Accounting Period In QuickBooks?

Posted by Dwayne Houghton on Thu, Feb 11, 2016 @ 07:51 AM

With over 4.5 million users world wide, QuickBooks is the leading software choice for small businesses.  QuickBooks is popular in large part due to how easy the program is to learn. You do not need to have an accounting degree, or for that matter really understand all accounting concepts to use the program.  For this same reason, QuickBooks can allow for some very interesting things to occur.

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Tags: Small Business Accounting, QuickBooks Tips, QuickBooks, Small Business

How Should Loans And Loan Payments Be Recorded In QuickBooks?

Posted by Andrew Seiler on Thu, Jul 02, 2015 @ 07:00 AM

A common mistake I see users of QuickBooks make is how debt or loans are recorded in QuickBooks and how payments are made to that debt. This article will assist QuickBooks users in correctly recording both the original transaction that generated the loan and new asset, as well as recording the loan payments subsequent to the purchase date.

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Tags: Asset, Small Business Accounting, QuickBooks Tips, QuickBooks, Loan, Debt, Liability

Can QuickBooks Track Which Areas of My Business are the Most Profitable?

Posted by Dwayne Houghton on Tue, Aug 05, 2014 @ 08:00 AM

Many of today's businesses involve activities in multiple areas. In a retail environment, this might involve food sales versus non-food sales.

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Tags: Small Business Accounting, QuickBooks Tips, QuickBooks

The Challenges and Rewards of a First Year Michigan Accountant

Posted by Candice Harig on Tue, Jul 08, 2014 @ 09:00 AM

I have officially completed one year as a full time staff accountant at BHT&D CPAs. During this year, I have been able to develop the skills originally cultivated during my internship and have taken on more areas of public accounting.

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Tags: CPA Exam, Individual Tax Return, Small Business Accounting, QuickBooks, Tax Return, Farm Taxes, Auditing