One benefit of using QuickBooks to manage your company records, is the Accountant's Copy tool.
You can continue to work in your QuickBooks file while your accountant is working with the Accountant’s Copy.
One benefit of using QuickBooks to manage your company records, is the Accountant's Copy tool.
You can continue to work in your QuickBooks file while your accountant is working with the Accountant’s Copy.
Tags: Financial Statement, Small Business Accounting, QuickBooks Tips
Every year about this time, Intuit releases its annual upgrade of QuickBooks and starts notifying everyone that they need to upgrade to the new version.
Earlier this month, President Obama signed the Protecting Americans from Tax Hikes (PATH) Act of 2015, extending a number of tax provisions that expired at the end of 2014. But unlike past tax extenders legislation, the PATH Act also makes some deductions and tax credits permanent for businesses and working families.
Running a business takes more than its fair share of time and effort, not to mention the seemingly endless road bumps along the way. Often, small business owners have a multitude of reasons why bookkeeping takes a backseat to the many other business related tasks. Reasons include lack of training or knowledge in accounting, the inability to afford a quality bookkeeper, or perhaps feeling that is does not add significant value to their business.
Tags: Small Business Accounting, Bookkeeping, Small Business
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.
Tags: Asset, Small Business Accounting, QuickBooks Tips, QuickBooks, Loan, Debt, Liability
Why is my bank requesting a Reviewed Financial Statement in place of the Compiled Financial Statement requested in the past?
Tags: Compiled Financial Statement, Financial Statement, Reviewed Financial Statement, Audit, Small Business Accounting, Assurance
Are you an absentee owner of a business, an owner not directly involved in the “books” of the business, a board member of a small volunteer agency, a church, or a small government agency?
Tags: Financial Statement, Internal Controls, Small Business Accounting
"Why would my bank request a "Compiled Financial Statement" versus my internally prepared QuickBooks reports?" We are asked this question often by small business owners.
Tags: Compiled Financial Statement, Financial Statement, Small Business Accounting, Assurance
The MTO (Michigan Treasury Online) is a new service available for filing and paying the SUW taxes.
Many of today's businesses involve activities in multiple areas. In a retail environment, this might involve food sales versus non-food sales.
Tags: Small Business Accounting, QuickBooks Tips, QuickBooks
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