Blog - Beyond Balanced Books

Beyond Balanced Books Blog

How do I reconcile my bank accounts in QBO?

In the past, we have shared the importance of reconciling your bank accounts. At this point, you know you should do them. However, if you are a Quickbooks Online (QBO) user, running a bank reconciliation seems time-consuming and overwhelming. How do you reconcile your bank account in QBO? While it is true that reconciling your bank […]

Which accounting software should I use?

You know you need accurate and up to date information to successfully run your business. You want to use accounting software that will work for you. Which accounting software should you use? No matter which accounting software solution you choose, you need to determine your bookkeeping needs and make sure that the solution will satisfy […]

Puzzle choosing a bookkeeper

How do I find the bookkeeper that’s right for me?

When finding the right bookkeeper, it’s important to look for someone whose values match your own. Just like in any relationship, if you share the same values, your professional partnership with them will be healthy. Which values are important in a bookkeeper? Here are some of the core values we share with our best clients. […]

Files Preparing and filing 1099s

How do I file 1099s?

The preparing and filing of your 1099s can be time-consuming at best and frustrating at worst. We prepare hundreds of 1099s every year and have learned some lessons along the way. Here is what we have learned to make preparing and filing 1099s a little less painful. Make the preparation of your 1099s this year […]

Steps Take control of your Year-End Profit

How to take control of your year-end profit

You have decided to start your year-end planning early. You have gathered the facts to calculate your current net profit. You have your projections for income and expenses for the rest of the fiscal year. You have even set a realistic goal for your profit. What do you do now? Now comes the fun part! […]

How do I close dates in QuickBooks Online?

How do I close my books in QuickBooks Online?

You are ready to provide your books to your tax professional and have your business tax returns prepared. You want to know what you need to do in your QuickBooks (QBO) file to finalize the year. It is important to review your data for the year for accuracy. But there is another step that you […]

clock Start year-end planning

How do you start year-end planning?

You don’t know where to start with your year-end planning. You want to know in advance what your profit will be at the end of the year. More importantly, you want to know if there is anything you can do to change your net profit at the end of the year. A big part of year-end […]

hourglass planning for my year-end profit

When should you start planning for your year-end?

You feel anxious about your taxes. You want to know ahead of time what your profit will be for the year. And you want to plan the strategy for your profit. When should you even start planning for your year-end? The good news is that by planning ahead you can both estimate and control your profit for […]

Old blue files Do I need to file 1099s

Do I need to file 1099s?

Beyond even knowing how to file a 1099, you just want to know whether you even need to file 1099s. We prepare hundreds of 1099 forms each year and can share with you some of the areas to consider to determine whether you need to file 1099s. Who needs to file 1099s? Almost every business […]

Direction sign 1099-NEC

What is the 1099-NEC Form?

Have you seen the 1099-NEC form? Maybe you saw it and wondered: What is the 1099-NEC form for? Should I have been filing this all along? What about the 1099-MISC? We are here to shed some light on the changes that this form has brought to the 1099 filing process. In 2020, the IRS introduced […]

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