Custom Fields and Classes in QuickBooks Online

QuickBooks Online tools are generic enough that myriad businesses can use it. But custom fields and classes help you shape it to meet your specific needs.

Small business accounting is not a one-size-fits-all proposition. Your company is unique in that sense; you have your own customers and products, vendors and services. Your requirements for your accounting application—what it must… Continue reading

Keep Your Business Healthy With A Comprehensive Annual Checkup

Monitoring your business activities is a good “preventive care” approach to maintaining financial health. Here’s what to review.

Accounting Records

Are your accounting records supplying the data necessary for making sound decisions? A change in software might be the right medicine for your business. Clean up your accounts receivable and collect past due balances. Verify that your vendor records are… Continue reading

Tax Calendar for Businesses & Self-Employed



Tu 17 Pay the final installment of your 2016 estimated tax – use Form 1040-ES.
Tu 17 Farmers and fishermen: Pay your estimated tax for 2016. Use Form 1040-ES.
Tu 31 Individuals: File your tax return if you did not pay your last installment of estimated tax by Jan 17th (see Form 1040-ES)
Tu 31 File Form W-3… Continue reading

Year-End Closing Checklist

As this year comes to an end, below is a checklist for year-end closing.

  • Get Organized – Finding all of your receipts for any deductions you may be claiming on your tax return.
  • Review Personal Bank Statements – For any business charges you paid for out of your personal account.
  • Review Business Bank Statements – For any personal charges and… Continue reading

Choosing The Right Business Entiry

When you decide to start a business, one of the most important decisions you’ll need to make is choosing the right business entity. It’s a decision that impacts many things–from the amount of taxes you pay to how much paperwork you have to deal with and what type of personal liability you face.


The most common forms… Continue reading

QuickBooks Tips And Tricks: Make it Yours

QuickBooks Tips And Tricks: Make it Yours

No matter which version of QuickBooks you’re using, there are always ways to make your workday easier. As with any software, we tend to learn the features we need and not much more. But small changes in the way you operate can add up to significant time savings and more accurate files. If… Continue reading

Using Sales Receipts: When? How?

Some types of businesses always use sales receipts. Some use them occasionally. Here’s what you need to know about them.

How do you let your customers know how much they owe you, and for what products or services? In these days of ecommerce and merchant accounts, your customers may provide a credit card number over the phone or on a… Continue reading

Paying off Debt the Smart Way

Between mortgages, car loans, credit cards, and student loans, most people are in debt. While being debt-free is a worthwhile goal, most people need to focus on managing their debt first since it’s likely to be there for most of their life.

Handled wisely, however, that debt won’t be an albatross around your neck. You don’t need to shell out… Continue reading

How To Apply #Finance Charges

There are many reasons why your customers send in payments past their due dates. Maybe they missed or misplaced your invoice, or they’re disputing the charges. They might not be very conscientious about bill-paying. Or they simply don’t have the money.

Sometimes they contact you about their oversight, but more often, you just see the overdue days pile up in… Continue reading

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