Once you’ve entered them, the hard part’s over. Also, why you should use QuickBooks’ Bill Tracker Last month, we talked about how helpful it is to record and pay bills in QuickBooks. Using the software’s tools will ensure that you always have a record of bills and their payments. We also went over the steps [...]
7 Best Practices for QuickBooks Here are seven ways you can make the most of your QuickBooks experience and improve your productivity and accuracy. Every profession has its own set of best practices. These are simply guidelines for how employees should be doing their jobs and what steps management should take to ensure the best [...]
Nearly every business needs a website, but it’s not always easy to determine which costs of running one are deductible. Fortunately, established rules that generally apply to the deductibility of more long-standing business costs provide business owners with a basic idea of how to anticipate and handle the tax impact of a website. And the [...]
How Do You Track Jobs in QuickBooks? Part 1 If your business divides some of its work into specific jobs and you’re not tracking them individually, you’re missing out on valuable insight. Job-costing is not just for contractors. That’s probably the most common understanding of this concept in QuickBooks, but you can also use the [...]
Estimates can be effective sales tools – if they look professional and offer attractive prices. Here’s how to create them using QuickBooks. You don’t need to be a car repair shop or an HVAC technician to present prospects and customers with estimates. In fact, there may be many times when an unexpected estimate—or bid, or [...]
If you own a profitable, unincorporated business with your spouse, you probably find the high self-employment (SE) tax bills burdensome. An unincorporated business in which both spouses are active is typically treated by the IRS as a partnership owned 50/50 by the spouses. (For simplicity, when we refer to “partnerships” we’ll include in our definition [...]