If you’re like most business owners, cash flow is tight and you want to save as much money as possible. One ways you can save money is to do your own payroll. If you use QuickBooks Online and you’ve got employees, then why not do your own payroll? In this step by step guide, we…
General Bookkeeping & Accounting
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Once you have your accounting software up and running it's time to learn the basics of accounting and bookkeeping. In addition to making tax time much easier, proper accounting and bookkeeping will give you the insight you need to keep your business running smoothly.
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Business Taxes
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Having nightmares about tax season? Taking a few steps to get organized ahead of April 15th, can save you days of work and stress. Here's what you need to know to be a business tax champ.
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Accounting software should be the centerpiece of any business' accounting and bookkeeping department. Today's cloud based software is affordable, and with the right training, easy enough for any small business owner to navigate. Get started with the most popular option, Quickbooks, by taking the below course right now.
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Intuit Payroll Services: Basic vs. Enhanced vs. Full Service
There are 3 payroll services offered by Intuit; basic, enhanced and full service. The main difference between them is their payroll tax filing features. The primary benefit of using an Intuit Payroll service is the integration with QuickBooks Online; there is no data sync required which means that your financial statements will always be up-to-date after…
What is a Profit and Loss Statement & Why Is It Important?
A profit and loss statement, otherwise known as a P&L or income statement, is a document that measures and reports a company’s expenses and revenue during a specific period of time. This shows a company’s financial status and progress during the time surveyed. The statement details a company’s capability to create profit by driving revenue,…
The Top 20 Small Business Accounting Websites
We reviewed almost 200 accounting websites and found something for everybody. If you want to know how to improve cash flow, get up to speed on accounting basics or learn some new QuickBooks tips & tricks, then keep reading. The final cut stand out from the pack because they included useful tips that you could…
Understanding Early Payment Discounts on Invoices
Many businesses invoice their customers, allowing them to pay for goods and services in 30-90 days. Because many small businesses need cash sooner rather than later, early payment discounts of up to 2% can be provided as an incentive. In this article, we will discuss what vendors and customers need to know about early payment…
QuickBooks Online Comparison: Simple Start vs Essentials vs Plus
QuickBooks Online comes in three versions, Simple Start, Essentials and Plus. The primary differences between each version is their price and features, like the ability to pay bills online. We are going to deep dive into these differences, and provide examples of the types of business best served by each version. Which QuickBooks Online Version…
Section 179 Deduction 2017 – The Ultimate Guide
Under the Section 179 tax deduction, business owners can deduct up to $500,000 of qualifying equipment purchases in 2017. It is often referred to as the “SUV tax loophole” or “Hummer deduction,” for its ability to quickly deduct these types of vehicles. To make tax time a breeze, use QuickBooks to keep track of the…
Employer Identification Number (EIN): What It Is & Where To Get One
An Employer Identification Number (EIN) is a unique nine digit number that identifies your small business when you file taxes, open a business bank account, get a business loan, or do other business activities. Many, but not all, small businesses are required to get an EIN. If you have employees that you need to pay,…
QuickBooks Self-Employed: Is It Right For You?
QuickBooks Self-Employed is a software product designed for individuals who are self-employed and required to file a Schedule C, such as freelancers, realtors, Uber drivers, and independent consultants. Similar to QuickBooks Online, there is no software to install with QuickBooks Self-Employed. You just need an internet connection and a secure user id and password to…
QuickBooks Checks: Where to Buy, Pricing, & How To Print
Using QuickBooks Online, you can print checks at anytime from your QuickBooks account. This makes it easy and quick to pay vendors, employees, and general expenses. Click here to get 15% off your checks with QuickBooks. Where To Buy Business Checks In order to print checks directly from QuickBooks Online, you will first need to…
QuickBooks Training – Online, Free and Paid Options
There is an extensive range of free QuickBooks training online and paid resources that can teach you everything you need to know about QuickBooks in spite of budget, time, and expertise constraints. In this guide, we’ll cover a range of online and in-person training resources. When you’re ready to purchase, click here to receive up…
QuickBooks Online vs Desktop: Which Is Right For You?
Deciding which version of QuickBooks is right for you can be confusing. If you’re a product based business, you will want to go with QuickBooks Desktop. However, if you’re a service based business, then QuickBooks Online is your best choice. While desktop has more features, QuickBooks Online is always adding new features. Now let’s explore these differences to…
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