Small businesses need to stay on top of their accounting practices. Understanding how money comes in and when it goes out ensures that a business is managing its cashflow properly. Managing your vendors in QuickBooks can be summarized in 5 simple points.
4 Tips for QuickBooks Payroll Users
QuickBooks is one of the most popular accounting tools for business owners. Payroll is important since you have to comply with your local, state and federal employment laws when calculating earnings and withholding money for taxes and preparing tax returns. Since there are so many options with QuickBooks payroll, it is possible to get confused […]
Generating Income Tax Reports in QuickBooks
April 15 is getting uncomfortably close. QuickBooks, of course, can’t do your taxes for you. But it helps you lay some of the groundwork. Let’s take a look at QuickBooks’ tax-related reports and its powerful report-filtering options. But first, you’ll need to make sure that this output will be accurate. Describe your company accurately […]
What to Do When QuickBooks Won’t Open
QuickBooks is at the heart of your business’ accounting function. When it’s not working, your business is not working. While QuickBooks is usually a highly stable application, there are times it can experience trouble. One of the most common of these situations is when QuickBooks won’t open. When that happens, your business can slow to […]
Setting-Up Chart of Accounts in QuickBooks
Setting-Up Chart of Accounts in QuickBooks The Chart of Accounts is the heart of your QuickBooks installation. Your chart of accounts indicates the expense and income category accounts you’re using, it identifies assets and debts, and sets the framework for your business going forward. Setting up your Chart of Accounts correctly is key to getting […]
Tips for Reconciling Your Bank Account with QuickBooks
One of the most basic accounting tasks you’re going to do with QuickBooks in your small business is to reconcile a bank account. While most of the time the process will be smooth and easy, sometimes you’ll wind up with a discrepancy. QuickBooks makes it easy and fast to reconcile the account and close out […]
Why Your Small Business Needs Accounting Software
When you first started your small business, you probably had a little bit of working capital, a good idea, and the drive to combine those two things to make that business work for you. You weren’t worried about things like inventory control, project management, or even accounting. As time went on, however, it became more […]