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Showing posts from August, 2012

Our Wonderful New Employee!

Custom Business Solutions is pleased to annouce a new addition to our staff. William Carter has joined our firm as a consultant, full-charge bookkeeper, and account manager!

Bill provides wealth of experience in bookkeeping for small to mid-size companies and will be working closely with our staff and clients to supply a full range of bookkeeping, payroll, and special project services.

Bill's hours are Monday-Friday 8:00-5:00. He can be reached at 775-348-9225 or bill@booksandpay.com

QuickBooks Payroll Update: Revised Tax Tables

Intuit has released Payroll Update 21214, with revised tax tables.
It’s important that you receive everything in the Payroll Update so that you will be in compliance with legislation that affects your payroll.

How do I know I have the Payroll Update? To make sure that you have received the latest update, open QuickBooks and choose Employees > Get Payroll Updates. You should see a message that says, “You are using tax table version: 21214.”

If you do not have version 21214, click update.
QuickBooks also provides an automatic updates feature for Payroll Updates. To turn it on, choose Help > Update QuickBooks. On the Options tab, select Yes for Automatic Update.
Disk delivery customers: The next disc delivery is not scheduled until early October 2012. If you have an internet connection, we strongly recommend that you download this update now.

If you have any questions, feel free to give the QuickBooks Gal a call! 775-348-9225

How to Correct a Payment Applied to the Wrong Customer in a Prior Month that has been Reconciled

1.Find the deposit in question, print it and delete it. You need to be sure that you know what checks comprise the deposit, the final totally, and the actual date of the deposit.
2.If there are any line additions to the deposit that were not customer payments, you will have to re-enter those as QB will not store that info
3.Once you have printed and deleted, go to the payment that was mis-applied
4.Change the customer from the current incorrect on to the correct one, then apply the payment
5.Double-check that the date remains the same
6.Save & close
Then return to Make Deposits:
1.Select the items that comprise the original deposit noting that the corrected customer payment now appears
2.Verify the amount of the deposit and the original date
3.Save & close
To “fix” the now-altered Bank Reconciliation
1.Get your last bank statement out
2.Go to reconcile and select the bank account you wish to correct
3.Enter the ending balance from the statement into the ending balance window in QuickBooks
4…

QuickBooks Password Protection

QuickBooks now requires your employees to enter a password to view their pay stubs when you e-mail them. QuickBooks generates the passwords automatically; each password consists of the first four letters of the employee's last name followed by the last four digits of their Social Security number.

Examples

Name:                            SSN:                         Pay Stub Password:

Ben Narramore              855-56-4545             narr4545
Deb D'Spain                  782-34-3419             dspa3419
Jimmy Wu                     903-88-7465             wu7465

Note that all characters must be entered in lowercase and punctuation characters are not included in the password. When a last name has fewer than four characters, the whole last name is used (like in wu above) but no additional characters are added.

You will need to inform each employee of this new password requirement