As it usually does this time of year, Intuit has introduced new versions of its Pro and Premier products. QuickBooks 2012 promises to help you get better organized, save steps, and acquire more in-depth financial insights. The new Express Start is designed for businesses that want to blast through setup and start entering customers and [...]
Filling out invoices the first time can be a pain, especially if they’re lengthy. But doing the same thing repeatedly if the identical invoice recurs regularly? No need. QuickBooks can memorize a variety of transaction types, including invoices, purchase orders, and bills. After you’ve memorized them, you can edit, reschedule, and delete them, as well [...]
One of the most common areas of contention between the IRS and businesses is the issue of worker classification. If a worker is an employee, the business is responsible for payroll taxes and fringe benefits. However, if the worker is an independent contractor, the business is generally not responsible for payroll taxes. The IRS estimates [...]
Your month end process should always include a bank reconciliation. QuickBooks has an easy to use reconciliation process. Simply enter your ending balance from your bank statement and begin marking all items on the screen that appear as cleared on your bank statement. Deposits and credits are listed on the right of the screen and [...]
As we approach year-end, there is still time to take action to lower your 2009 tax bill and add to your tax -advantaged retirement accounts. Here are a few ideas to get you started before year-end. This is by no means an exhaustive list, so please contact us for additional ideas. Make the Standard Deduction [...]