Hiring a Bookkeeper and Accounting Controls in QuickBooks for the Small Business Owner
How to Hire a Bookkeeper and Accounting Control Tools for the Small Business Owner We have all heard more “bad” bookkeeper stories than we can bear. One reason for this is that many small business owners are not intimately familiar with accounting concepts or QuickBooks software. Too often, business owners discover a problem in their…
Handling Customer Deposits in QuickBooks
Handling Customer Deposits in QuickBooks Many businesses who receive deposits from customers are not aware of how to process these payments properly. One mistake I see often is receiving a payment and leaving the payment “unapplied” to anything until some later date when an invoice is created. This process wreaks havoc with your Accounts Receivable…
Preparing 1099’s in QuickBooks
How to File 1099’s in QuickBooks 1099’s for the prior year are due to your Contract Labor vendors by Jan 31st. Even if you did not set up your 1099 tracking correctly in QuickBooks at the beginning of the year, you can capture the information by setting it up now. As with any year-end report processing,…
Year End Checklist in QuickBooks
Year End Checklist for QuickBooks The end of the year is fast approaching, as it always seems to! Just thinking about wrapping up the end of the year bookkeeping can feel overwhelming. Reviewing your yearend tasks now, and getting a head start on some can help you feel more relaxed and in control. Here are…
Year End Closing in QuickBooks
About “Closing” year end in QuickBooks I am often asked by customers about “closing” their books at year-end. Many old-school and complex accounting programs require you to perform a closing process at the end of a financial year before entering any information for the current year. In fact, at the large corporation I used to…
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