***QUESTION*** Hi Jennifer, How are suspense accounts set up? I don’t see them listed as an account type in the Chart of Accounts. ~R ***MY COMMENTS*** Suspense is not an account type, that’s why you don’t see it there in the Chart of Accounts (COA) when setting up new accounts. When you create a suspense … Continue reading Suspense Accounts – Why, How, Where, What?!?
Did you file an extension? Tax day nears.Did you file an extension for your taxes? Tax day is approaching. Did you know that there are two different tax days for extensions, depending on the kind of business you have? September 15 is only 43 Days AwaySeptember 15 is tax day for S-Corps, C-Corps, Partnerships, and … Continue reading Tax Extensions
New small businesses and entrepreneurs sometimes discover that the accounts payable process (also known as A/P) can turn into a headache. If it isn’t handled in an orderly fashion, unpaid bills pile up and get paid late. This can making vendors angry and possibly damage the businesses credit rating. Here are my best tips to … Continue reading Save Time and Money by Streamlining Your A/P with These 7 Tips!
By Wayne Davies Are you planning to have a yard sale this year? There are three important things to consider before you plunge into a yard sale. Perhaps there is a better way to get rid of your old belongings while saving time and money. 1. Your time is valuable. If you've done a yard sale before, how … Continue reading Summer Tax Savings – Why Having a Yard Sale May Be a Bad Idea
Lots of people have been asking about my upcoming QuickBooks products... So let me pull back the curtain just a bit so you can see what’s going on: My QuickBooks products are not basic "how-to" guides. There's lots of those already. Painful and difficult problems get solved clearly and easily. Lots of "confusing" accounting ideas … Continue reading Wave bye-bye to QuickBooks 2006…
Are you a sole proprietor? Are you planning to import your financial information from QuickBooks to Turbo Tax? Then you probably know that you need to assign tax lines to each line on the Profit and Loss statement. How to Assign Tax LinesGo to your Chart of Accounts by pressing Control-A. At the bottom there … Continue reading Do you need help with Tax Line Mapping?
Have you ever used cookie cutters? If so then you know how much fun they are. I used to bake Christmas cookies with my kids every year, and we always made sugar cookies with the cookie cutters. Regular readers of this ezine know that I'm always thinking of ways to save time in QuickBooks. Today's … Continue reading Use Memorized Transactions Like the Pros Do
Which would you rather be doing? Bookkeeping in QuickBooks Something fun like this: Problem #1: Bookkeeping is not fun. That's me on the right, playing the electric bass in a local cover band. I'd rather be doing this than working in QuickBooks. And I'm sure you feel the same way, that there are things you'd rather … Continue reading QuickBooks Time Savers
Howdy, howdy! My kids and I went to see the San Diego Padre's play the Minnesota Twins last Wednesday. We had a lot of fun even though the Padre's lost. My daughter is a Cadet/2nd Lt. in the Civil Air Patrol, an AWESOME youth program (hence the Air Force uniform). The young man on my left is … Continue reading QuickBooks Enterprise – Amazing User Permissions!
Do You Want to Spend Less Time Doing Bookkeeping? Do You Want to Spend Less Actual Time in the QuickBooks File?I've developed QuickBooks tips that will help you spend less time in QB, tips that I won't share with the general public. I've been collecting these little gems for a couple years, waiting to share them to a special … Continue reading QuickBooks Tab Key – Work More Quickly!