QuickBooksGal

Getting ready to visit your CPA or tax preparer? Not sure what reports to send? First thing you need to do is determine if you file your taxes on a Cash Basis or Accrual Basis. Take a look at last year’s tax return or give your tax pro a call…they can tell you which basis applies to your business. QuickBooks allows us to print reports in either format, so you can easily print the reports your tax professional needs (and save money if you send the properly formatted reports). Simply select the Modify button inside the report onscreen and change the basis from Cash or Accrual as needed….easy! A report that doesn’t have that option is not affected by the Basis. Here’s a list of the reports you should take to that meeting. (Cash Basis and Accrual Basis if you are not sure): • Profit & Loss Standard for the tax reporting period from the Company & Financial report listing (Cash and/or Accrual Basis) • Balance Sheet Standard for the tax reporting period from the Company ...

“Quicklet” - A Podcast for QuickBooks Pro, Premier, Enterprise Solutions, Point of Sale and Peachtree users featuring helpful information, tips, tricks and suggestions for bookkeepers, business owners, and consultants. Got a QuickBooks Mess? Call The QuickBooks Gal! Hi, I'm Jayne Miller, The QuickBooks Gal. Welcome to another in my series of “Quicklets” – informational podcasts about QuickBooks, Peachtree and related bookkeeping topics. Quite often, I get calls from folks who do their own payroll with questions about the standard payroll tax reports that need to be filed. Since I am in Nevada, I would like to recap the payroll reports, Federal and State, that need to be filed quarterly. Here's a quick Check-list of the quarterly and annual reports you will need to file if you live in Nevada: 941 Employers Quarterly Federal Tax Return Nevada State Unemployment Nevada Modified Business Tax 940 FUTA Nevada Child Support Collection Fee Let's take these one by one, quarterly a...