A Community for QuickBooks Online Users

 

Cash Basis Versus Accrual Basis Financials in QuickBooks Online

Posted by on 8:00 am in Reporting | 0 comments

Cash Basis Versus Accrual Basis Financials in QuickBooks Online

Understanding your financial statements is key to managing the numbers in your business. In fact, it’s mandatory. One of the main things you need to understand is the difference between your cash basis financial statements and your accrual basis financial statements. You also need to understand what makes them different in your QuickBooks Online file. See while the two different bases have set differentiating factors, there are a few more when it come to QuickBooks Online and how it deciphers between the two. Cash Basis versus Accrual...

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What is Avalara?

Posted by on 8:00 am in Apps, Avalara, Sales Tax | 0 comments

What is Avalara?

About Avalara From the beginning, the Avalara team of revolutionaries has worked day and night to help businesses of all sizes achieve compliance by providing a fast, easy, and accurate way to manage transactional taxes. What is your App’s name, what do you do, & when did you get published on Intuit’s Apps.com? Avalara’s app was added in June of 2015 and is listed in the app center as Avalara AvaTax, which is our flagship product that provides an end-to-end sales tax compliance solution, including calculation, filing, and remittance. When...

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How To Print Checks in QuickBooks Online

Posted by on 8:00 am in Banking, Bills & Expenses | 0 comments

How To Print Checks in QuickBooks Online

It is super easy to print checks in QuickBooks Online. First, you’ll want to click the + sign in QuickBooks Online. With the new design layout introduced in early 2017, that can now be found on the top right of your screen. Under Vendors, you’ll see the link to “Print Checks”. The next screen will give you the options to set up your printing. From here, you can print a sample and customize the layout to make sure your checks are printed properly. Once you have properly set up QBO to print checks, then you can move on...

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Compliant 1099 Delivery to Your Recipients

Posted by on 8:00 am in Planning & Strategy | 0 comments

Compliant 1099 Delivery to Your Recipients

The IRS requires you to deliver 1099 forms to your vendors by January 31st. You may not realize this, but that form is required to be on a physically printed piece of paper. Unless your vendor gives you specific consent otherwise. That requirement doesn’t make a whole lot of sense in our cloud-based digital age. But, it’s the law of the land. The problem is that we’re increasingly seeing companies (and even accountants) emailing PDFs around as a way to deliver 1099s. It’s not compliant. It’s not terribly secure. And, we’re here to show you...

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What is TSheets?

Posted by on 8:00 am in Apps | 0 comments

What is TSheets?

About TSheets TSheets is a time tracking and scheduling app that integrates with QuickBooks Online. Get rid of your manual handwritten timecards and automate your time tracking with TSheets. What is your App’s name, what do you do, & when did you get published on Intuit’s Apps.com? Our app is officially called TSheets — but we’re affectionately known as the #1 employee rated and requested time tracking and scheduling app on the planet! We provide accurate-to-the-second time tracking for small and large businesses alike — saving them...

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Share a Refund Demo

Posted by on 8:00 am in Apps, Community Spotlight | 0 comments

Share a Refund shows us their App, what it does, and how EASY it is to use! They also explain their Affiliate and Reseller programs. Again, I’m so impressed with the App and how automated everything is. Great way to find some extra money for your business. To learn more about the app, please click our Affiliate link so that we can pay our bills. You can also check out our blog post on Share a Refund where they answered our 8 questions we ask all new...

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Get Ahead of Tax Season with Upfront W-9 Collection

Posted by on 8:00 am in Client Management | 0 comments

Get Ahead of Tax Season with Upfront W-9 Collection

If all your clients have all their vendors’ tax information, 1099s are a breeze. But, let’s be honest, how often is that the case? You’re more likely to get roped in by your clients to track down missing info like some sort of TIN bounty hunter. And getting that info is a no small feat. “Excuse me, sir. Can you please provide your sensitive tax information to me so that I can send you a tax form that increases your taxable income? Thanks!” C’mon now! It’s a non-starter. W-9 Collection But, there’s a better way — get the W-9 upfront. Ideally,...

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Bookkeeper Gets 2 Years For $100,000 Credit Card Fraud

Posted by on 8:00 am in Workflow & Processes | 0 comments

Bookkeeper Gets 2 Years For $100,000 Credit Card Fraud

An Ex-Indiana bookkeeper was recently sentenced to two years for credit card fraud. You can get the story here. But, we want to discuss what went wrong… The Bookkeeper’s Credit Card Fraud Case In this case, it appears that the bookkeeper had full access to the credit card accounts and didn’t have any oversight. This cost the business $100K. The bookkeeper issued new cards to employees without the company’s knowledge and then used the card to pay for a ton of personal expenses. Lesson for Small Business Owners The...

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Recent QBO Updates

Posted by on 3:58 pm in Banking, Intuit News & Updates, Invoicing & Sales | 0 comments

Recent QBO Updates

In our December 2016 webinar, we discussed the most recent updates to QuickBooks Online, including: The New QBO Look Inventory Updates Invoicing Updates New Bank Reconciliations

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New 1099 Deadlines and Penalties for 2016

Posted by on 8:53 pm in Planning & Strategy | 0 comments

New 1099 Deadlines and Penalties for 2016

1099 Tax Time is coming. And this year, it’s going to be shorter, more intense, and more costly than ever before. That’s due to two key 1099 changes that come into play for Tax Year 2016. 1099 Change #1 – 1099-MISC Box 7 E-File Deadline Now January 31st In years past, there was a little bit of wiggle room between when you delivered 1099s to your recipients and when you had to file that info to the IRS. Two months of wiggle room to be precise. During this time, recipients had an opportunity to call out any mistakes on their forms and...

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The Wisdom of Geese

Posted by on 4:13 pm in Intuit News & Updates | 0 comments

The Wisdom of Geese

Were you at this year’s QuickBooks Connect conference? Like every year, the experience was inspirational, as well as, educational. There was one point when Brad Smith, CEO of Intuit, was on the main stage and shared “The Wisdom of Geese”. I just loved this story and wanted to share his words with the rest of you. Sometimes the best organizations to emulate are those from Mother Nature. Have you ever wondered why geese fly as a group in a “V” formation? By flying together, they create uplift for the birds to follow. When the...

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What is Hubdoc?

Posted by on 3:10 pm in Apps | 0 comments

What is Hubdoc?

About Hubdoc Hubdoc helps companies say goodbye to data entry. It automatically converts receipts, bills, invoices and statements into data they can use, exportable to great accounting software, like Xero, QuickBooks Online and Bill.com. What is your App’s name, what do you do, & when did you get published on Intuit’s Apps.com? App name: Hubdoc Description: Hubdoc auto-fetches client docs. Say goodbye to chasing documents and data entry. Say hello to increased productivity and automation. We’ve been in business since 2012. What was...

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