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5 Common Tax Mistakes Small Businesses Make and How to Avoid Them

5 Common Tax Mistakes Small Businesses Make and How to Avoid Them

As a small business owner, navigating the world of taxes can be overwhelming. Whether you’re managing payroll, expenses, or deductions,…

Reasonable Compensation To A Shareholder-Employee By An S-Corp

Reasonable Compensation To A Shareholder-Employee By An S-Corp

When running an S Corporation, one of the critical issues that often arises is determining the reasonable compensation for shareholder-employees.…

What if an S Corp Cannot Pay Reasonable Compensation to a Shareholder-Employee?

What if an S Corp Cannot Pay Reasonable Compensation to a Shareholder-Employee?

Running an S Corporation comes with its unique set of challenges, one of which is ensuring thatshareholder-employees receive reasonable compensation.…

Simplifying Your Bookkeeping: An Easy Approach to Working with Rules in QuickBooks

Simplifying Your Bookkeeping: An Easy Approach to Working with Rules in QuickBooks

Managing your business finances may seem daunting at first, but tools like QuickBooks are designed tomake your life easier, especially…

Simplifying Your Bookkeeping: A Step-by-Step Guide to Matching A/R and A/P Transactions

Simplifying Your Bookkeeping: A Step-by-Step Guide to Matching A/R and A/P Transactions

For many small business owners, bookkeeping can feel like a daunting task. One of the biggest challenges is knowing how…

Simplifying Your Bookkeeping: An Easy Approach to Categorizing Income and Expenses

Simplifying Your Bookkeeping: An Easy Approach to Categorizing Income and Expenses

When it comes to managing your finances, categorizing transactions in your bank feed is crucial. While A/R (Accounts Receivable) and…

Simplifying Your Bookkeeping: Simplifying Your QuickBooks Settings

Simplifying Your Bookkeeping: Simplifying Your QuickBooks Settings

Simplifying Your QuickBooks Settings Before you dive into daily bookkeeping tasks, simplifying your QuickBooks settings is critical and so is…

A Beginner’s Guide to the Chart of Accounts in QuickBooks

A Beginner’s Guide to the Chart of Accounts in QuickBooks

If you’re new to bookkeeping, one of the first terms you’ll hear is Chart of Accounts. It may sound technical,…

Simplifying Your Bookkeeping: An Easy Approach to Reconciling Bank and Credit Card Accounts in QuickBooks

Simplifying Your Bookkeeping: An Easy Approach to Reconciling Bank and Credit Card Accounts in QuickBooks

Reconciling your accounts might sound like a chore, but it’s one of the most important habits you can build for…

Simplifying Your Bookkeeping: What to Do When Your Reconciliation Doesn’t Match in QuickBooks

Simplifying Your Bookkeeping: What to Do When Your Reconciliation Doesn’t Match in QuickBooks

In this post, we’ll explain how to approach reconciliation discrepancies, how to fix them, and when to ask for help.…

Simplifying Your Bookkeeping:  Adding Apps to QuickBooks to Streamline Your Workflow

Simplifying Your Bookkeeping: Adding Apps to QuickBooks to Streamline Your Workflow

QuickBooks Online is a powerful tool on its own—but did you know it can do even more when you connect…

Simplifying Your Bookkeeping:  Uploading and Matching Receipts in QuickBooks Online

Simplifying Your Bookkeeping: Uploading and Matching Receipts in QuickBooks Online

Keeping track of business receipts can be a hassle—but QuickBooks Online makes it much easier. By uploading and matching your…

Simplifying Your Bookkeeping: Setting Up Products and Services the Right Way in QuickBooks Online

Simplifying Your Bookkeeping: Setting Up Products and Services the Right Way in QuickBooks Online

The Products and Services list in QuickBooks Online is the foundation of accurate income tracking, inventory management, and customer billing.…

Simplifying Your Bookkeeping: Using Sales Receipts for Immediate Payments in QuickBooks Online

Simplifying Your Bookkeeping: Using Sales Receipts for Immediate Payments in QuickBooks Online

If your business collects payment at the time of sale—whether in-person, online, or through a connected app—Sales Receipts in QuickBooks…

Simplifying Your Bookkeeping: Issuing Invoices and Managing Customer Balances in QuickBooks Online

Simplifying Your Bookkeeping: Issuing Invoices and Managing Customer Balances in QuickBooks Online

Invoicing is the foundation of getting paid in any business. For small business owners using QuickBooks Online, issuing accurate invoices…

Simplifying Your Bookkeeping: Receiving Payments from Customers and Recording Deposits in QuickBooks Online

Simplifying Your Bookkeeping: Receiving Payments from Customers and Recording Deposits in QuickBooks Online

Once you have issued an invoice to a customer, the next step is to receive payment and record it properly…

Simplifying Your Bookkeeping: Working with Estimates and Converting Them to Invoices in QuickBooks Online

If your business provides quotes or proposals before starting a job, the Estimates feature in QuickBooks Online can help you…

Simplifying Your Bookkeeping: Setting Up Recurring Customer Payments and Automated Invoicing in QuickBooks Online

If your business provides ongoing services, memberships, or subscription-based offerings, setting up recurring transactions in QuickBooks Online can help you…