You have placed an order with your vendor for inventory. Your vendor requires either payment in full or a deposit (partial payment) before shipping the inventory to you. How do you record this transaction in QuickBooks? You don’t want to...
Read more »Business Entities – What are the Tax Implications?
Deciding what business structure to establish is an important decision for you as a business owner. The type of business entity you choose will determine which income tax form you file. It will also determine how you are paid by...
Read more »New Hire Reporting
As an employer you are required to file a New Hire Report for all your newly hired employees to your state shortly after you have hired them. This reporting requirement is part of the Personal Responsibility and Work Opportunity Reconciliation...
Read more »Download Bank Transactions Into QuickBooks
Does it seem like it takes forever to enter all your transactions into QuickBooks? If you write checks directly from QuickBooks, those transactions are already in your register. Also, when you receive payments from your customers, and make a deposit,...
Read more »Chart of Accounts – How to Create
Congratulations, you have started your own business. You have purchased or rented property for your business. You have furnished the space with everything you need to run your particular business. You have hired employees to work for you. Now you...
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