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Showing posts from January, 2011

QuickBooks Support - From Shoe Box to Computer!

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Got a QuickBooks Mess? Call The QuickBooks Gal!
QuickBooks Tune-Up
Clean up problem areas, get ready for tax time, or just sit down with a QuickBooks Pro to review your file.Your personalized tune-up includes: ~ Correcting and modifying list items for optimum use of the software and customized to your industry needs.
~ Suggestions for improved use of QuickBooks software and office procedures to maximize productivity and efficiency.
~ Suggestions on internal controls to safeguard company assets.
~ Review QuickBooks forms customization
~ Clean up reports, transaction errors and other problem areas within QuickBooks and QuickBooks payroll.
~ Review payroll item, sales tax item, and chart of accounts set up
~ Set up the bank reconciliation feature for a smooth end of month close out.
~ Address (as time permits) your specific QuickBooks questions

775-348-9225
Advanced…

Quick Blog: 2011 Standard Mileage Rates

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The following rates are meant for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.
Business*--              $0.51/mile
Relocation--            $0.19/mile
Medical--                 $0.19/mile
Charitable Rate--     $0.14/mile
*Can be used only if taxpayer owns/leases a passenger auto, van, pickup or panel truck not fir hire (e.g., as a taxi) that was not depreciated under ACRS, MACRS or Sec. 179 in earlier years.
Got a QuickBooks Mess? Call The QuickBooks Gal! 775-348-9225 


Call Northern Nevada's only Intuit Solution Provider!
Sales, Support, and Training
775-348-9200
qbdoc@qbdoc.com
www.qbdoc.com



The QuickBooks Gal
Custom Business Solutions
1755 E Plumb Lane, Ste 101
Reno, NV 89502
775-348-9225
jayne@qbgal.com
visit our blog:  blog.qbgal.com 

Peachtree AccountCare Partner, One-Write Plus Conversion

2011 Payroll Rates and Bases --New year, new changes!

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Social Security Rates Have Changed! 
Be sure you are using the right rates!


Soc. Sec. and Medicare Rates            4.20%EmployEE
                                                         6.2% EmployER

Social Security Wage Limit                $106,800

Medicare Wage Limit                         Unlimited

FUTA-taxable Wage Base                    $7,000

FUTA Rate                                           6.2%

FUTA Maximum Credit                        5.4%
Minimum FUTA Deposit Rate               0.8%
Got a QuickBooks mess? Call QuickBooks Gal! 775-348-9225


Call Northern Nevada's only Intuit Solution Provider!
Sales, Support, and Training
775-348-9200
qbdoc@qbdoc.com
www.qbdoc.com



The QuickBooks Gal
Custom Business Solutions
1755 E Plumb Lane, Ste 101
Reno, NV 89502
775-348-9225
jayne@qbgal.com
visit our blog:  blog.qbgal.com 

Peachtree AccountCare Partner, One-Write Plus Conversion

2011 FWT & Social Security Rate Changes

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Important Details: Social Security Rate Reduction
The Tax Relief, Unemployment Insurance Authorization, and Job Creation Act of 2010 signed by President Obama in December includes a one-year reduction in the Social Security payroll tax for all workers. Effective January 1, 2011, the employee portion of the tax is 4.2%. However, the employer portion of the tax is unchanged and will remain at 6.2%. This means that the liabilities for employee and employer portions will not match for tax year 2011. Employee Impact: New Federal Withholding Tables
The 2011 federal withholding tables do not include the Making Work Pay credit. This credit expired on December 31, 2010, which means that your employees may see an increase in their federal withholding taxes on their 2011 paychecks. For details on the 2011 withholding tables, see Publication 15 on the IRS website. 
Got a QuickBooks Mess?
Call The QuickBooks Gal!
775-348-9225 jayne@qbgal.com


 Northern Nevada's Only  Intuit Solutions Provider Got P…

End of Year Record Retention Guide

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End of Year Record Retention Guide
Getting ready to store your financial records for 2010?
Here's a handy guide to help you decide what to keep and what to toss. Record Retention Guide Type of Record Retention Period Bank Statements 7 Years Business Licenses Until Expired Cash Register Tapes 3 Years Check Registers Keep Permanently Canceled Checks 3 Years Deeds, Titles, Title Insurance

Understanding Bookkeeping --Major terms you SHOULD know.

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Regardless of the size of your company, good bookkeeping practices are essential to keeping your business running smoothly. Accurately kept books do more than make it easy to file your annual tax returns. Banks may require you to submit a profit and loss statement or balance sheet so they can determine your credit-worthiness. A quick review of your books can show where you need to spend more or less money, who gives you the most business and who takes the longest to pay you, and how much you're paying out in commissions compared to how much you're selling.

Here are some general terms that are helpful to know:
ASSETS are things that you own or are owed to you: bank accounts, inventory, loans made to other companies or individuals, company cars, etc.

LIABILITIES are things that you owe: loans, accounts payable, payroll taxes, etc.

EQUITY is net income (sales less expenses), capital stock and owners/officers distributions.

EXPENSES are the things you pay for: business meals, gas for c…

WHY GOOD BOOKKEEPING?

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It's the NEW YEAR and it's the perfect time to get your personal or your business's finances in order. Whether you do your own bookkeeping, or you have a hired bookkeeper, why is it important to have good bookkeeping?
Mandated Reporting & ComplianceBudgeting & ForecastingLoss and Waste ControlCollectionsHelps you to determine when/if you need employees or more employeesThe ability to see the BIG picture -- Know when to expande, when to hold steady or downsizeProvides the ability to demonstrate performance to future investors or lendersWhat constitutes good bookkeeping? Where can you start? How can you make sure you're on the right track? Here are some quick tips:
Open a dedicated business checking accountDo NOT co-mingle funds --Spend only from the business account for business expenses; deposit business receipts only into that account; NEVER deposit directly into your personal bank accountsKeep ALL receiptsIf you must make purchases from personal funds, submit t…

QuickBooks Accountant's Edition 2011 R5 Update

If you are using QuickBooks Premier Accountant's Edition 2011 or QuickBooks Enterprise Solutions 2011 - Accountant 11.0  you should know that Intuit has released a manual update that you should download and install.  It should be in the automatic updates soon, but for now, follow this link to download and install R5.

Some of the issues addressed are:
After updating to R4, you no longer see the vendor name under Client Data Review's Reclassify Transactions in QuickBooks Accountant 2011 and QuickBooks Enterprise Solutions—Accountant 11.0.Unrecoverable Error 14867 99905 is displayed when trying to edit a template in R4.A data problem prevents QuickBooks from continuing, during Verify data or Backup, after installing R4. There is nothing wrong with the data or the file structure, QuickBooks is just more stringently reporting on the order of the elements in the file. If R5 does not resolve this error, it may be that there is damage in your company file. This can be repaired using the…

Hiring Do's and Don'ts: Part I

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It's the New Year so whether you're starting a new business, expanding, or rearranging, there are some ideas that will make your hiring process run more smoothly.

The ideal new employee will help grow your business, while the wrong choice can be an expensive mistake. Here are some tips:
1. Do pre-screen candidates on the phone. 2. Do prepare candidates for the interview. If you want to see samples of their work, let them know in advance. 3. Do interview several candidates—at least three if you can. 4. Do listen more than you talk. 5. Do be realistic—about job responsibilities, experience required, salary and benefits. 6. Do stick to the same evaluation process for each candidate. 7. Don't make promises of job security. 8. Don't hire someone just because you know them.
9. Don't be overly impressed by credentials from big corporations or well-known universities.
10. Don't be swayed by your first impression. Let the conversation flow. For important jobs, arrange …