QuickBooksGal

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 ...

Are you familiar with the new overtime rule? In just a few days, the requirements for paid overtime will be changing and could potentially have a large impact on you and your business. Check out the short and simple clip below for a summary on this. https://www.youtube.com/watch?v=UFJaDm720FU#action=share For more information:  Visit the full article provided by the United States Department of Labor https://www.dol.gov/featured/overtime If you have any questions/concerns about this new law, feel free to contact us! Got a Quickbooks mess? Call the Quickbooks Gal!

Good News! Quickbooks is teaming up with PayPal By the end of 2016, small businesses can now send invoices and accept payment through QuickBooks and PayPal. Yet another way to get paid quicker and easier! If you are a QuickBook user, you will be able to send your customers an invoice through QuickBooks Online and have PayPal be an option for payment.  Nearly 188 Million people use PayPal. so this update can result in more convenience for you and your customers! How reliable is this? PayPal when working with Quickbooks will automatically carry over it's pre-existing data. Also, this past year,  Australia implemented PayPal into their Quickbooks and thousands of small businesses found they got paid on average two times faster! Here are some other features that you may benefit from:  Import PayPal payments and fees into QuickBooks. When a customer pays with PayPal, the invoice will automatically be marked as paid.   Securely download o...

Invoice Over payments? Here's How to Process Them If you are a constant user of Quickbook payments, here are some tips on how to accept invoice over payments you may have sent your clients. This action lets your customers pay an amount great than an invoice total, a hassle free way for them to make payments on outstanding balances or give you a nice tip! Here's How: 1.  Send an invoice to your customer. Create > Invoice >Save and send > Send and close. 2.  Your customer receives the invoice in an email and clicks the View invoice button. 3. Customer clicks "Pay now" 4. Customer reviews and edits payment, clicks next 5. Customer sends payment 6. You will get a notification! Click to process. Apply it: You can apply the over payment credit in a few ways: Apply the credit to an existing invoice for your customer. Apply the credit to a new invoice you want to send to your customer. A...

Are you prepared for the new 2017 filing deadline for W-2/W-3 and 1099/1096? 1099/1096 and W-2/W-3 forms are now Due by January 31 st . Both paper and electronic 2016 tax year forms are due by January 31, 2017. Where you file is still the same, 1099 goes to the IRS and W-2 and W-3 goes to SSA. The Social Security Administration and IRS expect to streamline and quality control the process of matching forms to prior tax returns sooner, thereby more effectively reducing identity theft or false refund claims. Are you ready?  Hint:   October is a great time to start collecting Subcontractor W-9’s and updating Employee W-4 information updates so you will be ready on January 1 st to take charge and comply with the  new 2017 filing requirements. For more information on the new deadline or need help to meet the new deadline contact The QuickBooks Gal! The QuickBooks Gal now has online booking! Visit our website at www.qbgal.com to schedule your ...

QuickBooks Online now has an app for Mac users! And it's free! Just download the new QuickBooks Online App from your App Store on your Mac! The app will show up on your desktop, so all it takes is one click and you have access to your books! You can stay signed in, have an easier navigating system and the pages load faster! You can even have multiple windows open! Just drag and drop windows, this way you can see your Sales Transaction list as well as Open Invoices, or even the check form and the bank register! There is even a Quick View Quick View helps you be up to date on what is going on in your business, straight from your desktop! New to QuickBooks Online? There is so much you can do with QuickBooks Online  You can create invoices, accept payments, you can even take photos of your receipts and upload them to QuickBooks! Have Point of Sale or thinking about getting Point of Sale? If you have a Point of Sale system, iPad by Revel or Deskt...

QuickBooks Online form designs are getting a makeover! Invoices, estimates and sales receipts will look a bit different by the end of this week. The change will allow you to: Save and us multiple templates Choose from different styles Resize columns Capture invoice signatures directly on your phone or tablet Enlarge your logo by uploading it again.  Have any questions regarding QuickBooks? Call the QuickBooks Gal! You can now book online by visiting www.qbgal.com Click the 'BOOK ONLINE' button on the home page!

May 31, 2016 QuickBooks 2013 will be discontinued.  If you have 2013 now, don't be alarmed, your product will still work you just won't be able to have tech support or have add-ons. Products that will be discontinued May 31st: Pro 2013 Premier 2013 Mac 2013 Enterprise Solutions 2013 What can you do? Upgrade to QuickBooks Online!  THE QUICKBOOKS GAL IS OFFERING THE FIRST 30 MINUTES FREE TO SET UP AND TRAIN FOR QUICKBOOKS ONLINE!  There is so much you can do with QuickBooks Online  You can create invoices, accept payments, you can even take photos of your receipts and upload them to QuickBooks! Have Point of Sale or thinking about getting Point of Sale? If you have a Point of Sale system, iPad by Revel or Desktop version, it automatically updates your QuickBooks Online. No more double entry and no more staying up all night entering end of the day transactions! With QuickBooks Online you can: See who has paid an...

The QuickBooksGal offers remote support services; the latest technologies for screen sharing.  Gaining access to your screen allows our experts to view your precise problem and rectify it swiftly.  These remote support sessions allow our Advisers to troubleshoot QuickBooks issues from any location, and it is 100% guaranteed to be confidential.  The QuickBooks Gal has remote sessions, which means we can help you no matter where your business is!  Here is how to get started! Download Chrome: Open up your current browser, such as FireFox or Internet Explorer and Google "Chrome download" Follow the instructions to download- if you chose not to use chrome you can always use join.me but Chrome Remote Session is just easier to use After Chrome is installed Google "Chrome Remote Desktop" Click on Chrome Remote Desktop- Chrome Web Store Click Install: Mine says 'Launch App' because I have already downloaded the app ...

Spring is right around the corner-and then summer!  Which means bugs! From mosquitoes, spiders and beetles no one wants to deal with them inside their home or office! Here are some natural ways to get rid of the pesky bugs for your business and your home! Mosquito: Mosquitoes hate lavender! You can plant some around your home or restaurant if you have a deck that your guests dine out on. Note: Flies also hate it as well Follow this easy DIY mason jar candle tutorial to keep the mosquitoes at bay and also create a beautiful center piece for the tables:  http://www.thesnug.com/keep-bugs-away-with-a-mason-jar-repellent-1215091644.html?crlt.pid=camp.EEXgzAqR8JLV Spiders: Spiders hate mint! You can have a few plants around the house or you can put it in spray bottle (water and few drops of mint oil) and spray around the house, office or anywhere else you do not want to see spiders. Flies: Everyone hates being annoyed by flies! If you own a restauran...

You can now book your appointment online at www.qbgal.com! Just head to the front page and click on 'Book Now' to get started! The QuickBooks Gal is here to help you and your business! Big or small The QuickBooks Gal can help you! QuickBooks: Got a QuickBooks Mess? Call The QuickBooks Gal! The QuickBooks Gal helps with set-up, clean up and more! Bookkeeping: The QuickBooks Gal bookkeeping services are suitable for any industry: aimed towards businesses of small to medium sizes.  The QuickBooks Gal takes care of all your bookkeeping needs. Services include: Set up Clean up Ongoing Bookkeeping Process daily sales and deposit reports Verify daily deposits and report variances Reconcile and verify credit card deposits Reconcile monthly bank statements ​        And more! Payroll: The QuickBooksGal will take the hours and rates of your employees and manage them in an orderly fashion.​ What Does This En...