QuickBooksGal

Small Businesses: How to Grow When you’re starting a business every penny counts. Business owners can increase with the following tools, that can save you time and money. A Product Management Tool : As your business grows, it will be hard to keep track of all ongoing projects. It is also important to stay away from hoarding knowledge, where individuals become gatekeepers of information that is critical for others to do their job well. Project management software can counteract this by centralizing all projects and tasks in one place. Teamwork projects is a software that allows all team members to view ongoing tasks, what team members are collaborating on a project, and its progress. An Accounting Tool: By using cloud-based accounting software you can free up time and minimize mistakes. It will automate tasks such as invoicing, taking payments, categorizing expenses and creating financial reports. QuickBooks was named the #1 accounting software in 2017, allowin...

Upcoming Changes to Dispute Resolution If you are using QuickBooks to process your payments, Intuit will be implementing new guidelines for simpler dispute resolution (also known as chargeback).Visa is the first payment network to announce their change. Please see Visa’s new guidelines.  The new process will include these changes: New categories - There will be 4 reason code categories grouping 25 reason codes. Faster processing - These new reason code categories will be aligned with two resolution paths: 1.    1.  Fraud and Authorization categories : These categories will make up the bulk of the disputes.   Under a new process called “Allocation,” Visa will automatically check the dispute in real-time and either reject the claim as invalid or assign liability. 2.    2.  Processing Errors and Consumer Disputes Categories : These categories will follow the similar process as exists today for challenging a dispute under th...

Nevada Quarterly Bond Assessments Eliminated as of 10/01/2017 As of the fourth quarter in 2017, The Nevada SUI quarterly bond assessment has been terminated. However, the SUI average rate has stayed the same going into 2018. According to a representative from the Nevada Department of Employment, Training and Rehabilitation (DETR) the department anticipates that it has repaid it’s outstanding bond balance completely. Therefore, the Department had decided that the third quarter of 2017 is the last period that employers will pay the bond assessment. Starting the fourth quarter of 2017, employers will not surrender a bond assessment return or pay the bond assessment. As an employer, you should be receiving notice of the elimination of the bond assessment by mail before the fourth quarter SUI tax return. Information for this blog was accumulated from Ernst & Youngs Newsletter. For more information, please visit their website at https://taxnews.ey.com/Login/NewsroomLo...

Your clients Quickbooks are changing! Coming soon to Quickbooks, a change in formatting. Originally, your clients displayed a classic form template. In the next couple of weeks, this will be replaced by the standard form template. However, this will be a simple transition! These two formats are very similar and will be easier for you and your client to display information. Quickbooks has also taken the chance to redesign the screen layout for a less cluttered look. They have also added some new sales form styles and custimization options. WIth this new update your clients will be able to:  Select from multiple templates with different designs Experiment with various colors within statements Pick from a variety of fonts To make sure the new form meets your needs, theres are many customization options. To open your templates, click the  Gear icon > Custom Form Styles .  To change the Standard style for all types of forms, click  Edit  or ...

Back to the Basics:  Profit and Loss Accounts A few weeks ago, we posted a blog covering the basics of a balance sheet. This time, we will be covering the Profit and Loss accounts and what they consist of.  Profit and Loss accounts are a component of the chart of accounts: The Chart of Accounts is the entire run down of a business’ accounts and their balances. This keeps track of how much money your company has, owes, and what’s coming in and out. The more accurate the information is, the more useful the reports will be, therefore watch out for errors and try to be consistent as possible when assigning accounts to transactions.  In addition, Profit and Loss Accounts, display how your business is doing over a period of time. It showcases the money that is flowing in and out over a month, year, etc. This is different from a balance sheet, for it only shows your businesses assets, liabilities, and equity at one period in time.  Here's a run down of ...

2017 National Bank Holidays Here is the full list of every day banks in the US will be closed in the upcoming year. You may want to call your own bank to confirm these dates as well! Refer back to usbanksdirectory.com for more information.  January ⛄ 2 - New Years Day 16 - Martin Luther King Jr. Day February 💕 20 - Presidents Day May🌻 29 - Memorial Day July 🌞 4 - Independence Day September 🍂 4 - Labor Day October 👻 9 - Columbus Day November  🦃 11 - Veterans Day 23 - Thanksgiving Day December 🎄 25 - Christmas Hoping you and your family enjoy the Holidays and your 2017 is filled with joy!