You are thinking about making a major purchase for your business. You do not know if your purchase should be recorded as a fixed asset or an expense. And you are uncertain how to enter the purchase in your books. Your understanding of the criteria to look at and the potential tax implications will help […]
Author Archives: Jessica Berkley
27
Jul
Jul
If you are a QuickBooks Online (QBO) user, then you are most likely familiar with bank feeds. Bank feeds are a great feature, but they can be troublesome at times. If your bank feed is wrong, how can you fix it? We list some common questions that can help you determine the source of the […]
15
Jun
Jun
You want to run a successful business but doing your bookkeeping is using up a lot of your valuable time and energy. You have thought about hiring a bookkeeper in the past, but something holds you back. Are you ready to hire a bookkeeper? Is hiring a bookkeeper more effective than doing the books yourself? […]
01
Jun
Jun
You have worked hard, and the results have paid off- your business is showing a modest profit. You know you have the drive and determination to take your company to the next level, but you want more than just immediate results. You want your business and your employees to be happy and successful while also […]
20
Apr
Apr
As a business owner, you did not start your business to do accounting (unless you are us of course!). If you are using QuickBooks Online (QBO) for your accounting, entering transactions manually is time-consuming. Wouldn’t it be great if QBO could create transactions for you? The good news is that it can – by using […]
09
Mar
Mar
If you are using Quickbooks Online (QBO), you know their solution offers a wide selection of standard reports. While having the ability to create reports on-demand is great, what if you need a custom report? How can you create custom reports in QBO? Financial reports tell the story of your business. You may want customized […]
09
Feb
Feb
According to your profit and loss (also known as an income statement), your business is showing a profit. However, when you look at your bank balance, it shows a lot less than the amount of profit you supposedly made. What happened to your profit? When reviewing reports with our clients, this question comes up often. […]
12
Jan
Jan
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 […]
01
Dec
Dec
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 […]
20
Oct
Oct
You’re totally overwhelmed by QuickBooks Online (QBO). But guess what? You’re already doing the right thing. Asking questions about how to use it means you’ve made the good decision to move to cloud accounting. In this and coming articles, we will be discussing some of our favorite features in QBO and share some helpful tips […]