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Showing posts with the label #QuickBooks #Tips #tricks #Payroll #Bookkeeping

QuickBooks Usage & Analytics Study--QuickBooks 2015 Only

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Upon sign-in to QuickBooks 2015, the Usage & Analytics Study is “on” by default. What does the Usage & Analytics Study do? To turn off feature:           What if you want this data collected?                        If you prefer to not have your data collected, or change your mind about participating in the study, chose                     Help>Usage Study>Discontinue. If you have multiple companies in QuickBooks, you only have to turn off this feature in one of those companies. Also, QuickBooks will not "undo" the selction if you restore the file.  View Intuit’s Privacy Policy here: https://security.intuit.com/privacy/index.html For more information about QuickBooks call the Quick...

Bank "Rewards Points" are Taxable

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Bank "reward points" taxable. When S opened a bank account he was given 50,000 "reward" or"thank-you points." He later converted the points to an airline ticket. The bank issued him a 1099-MISC valuing the ticket at $668. He did not report this amount on his 1040, believing it was not income. The IRS assessed taxes and penalties for under-reporting income. Held:   For the IRS. Bank reward points are essentially interest--compensation for use of a taxpayer's money or for maintaining a minimum account balance. Taxpayers must include the value of the ticket under "other income." Written in the General Ledger October Newsletter 2014. If you are looking for a professional bookkeeper, specialist in payroll, and someone that can help you clean up your QuickBooks mess then you need to call the QuickBooks Gal today at 775-348-9225. 

QuickBooks Online: How To Add An Employee

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QuickBooks Online: How to add a new employee! When adding a new employee please make sure that you have their W-4 with you! Note: You must complete all the pay details for your employees before you can pay them. To add an employee: In the left navigation bar, click Employees. Click Add employee. Enter the employee's name and complete these steps: Click Enter W-4 form , and then enter the employee's withholding information. Select how often to include this employee in a payroll run. Select how you pay this employee, and enter how much. Click Add additional pay types to add a second hourly rate or other types of pay such as Overtime or Sick Pay. Under Does this employee have any deductions? , click either the pencil icon or Add a new deduction . Under How do you want to pay this employee? , click the pencil icon to select another way to pay, such as direct deposit. Then click done! Remember to have the following information about your employee ...

Top Mistakes Made By QuickBooks Users

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Are you new to QuickBooks? Don't make the same mistakes as others. Here are a list on the top common mistakes QuickBooks users make!: Never use a sample file as your actual company file! The sample file is just to help you learn how to use QuickBooks, the sample file contains a limited set of services.  Don't enter invoices and then make a deposit without going through the Receive Payments step: If you are entering invoices in QuickBooks to record your sales, be sure to use the Receive Payments screen to apply the payment against the invoice. Don’t accidentally record your customer payments twice! Seems like a silly mistake, but it happens!  Don’t choose your bank account in the Expense Account field when writing a check Checking the Expense Account field causes the money to go out and immediately back into your checking account instead of reducing the checking balance Don’t rename or delete the critical accounts that QuickBooks automatically creat...

Checks and Supplies!

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Need checks and supplies for QuickBooks? Remember, the only checks for QuickBooks by the makers of QuickBooks is the Intuit Checks Intuit provides for you! Basis Voucher Blue Secure Plus Standard Blue  Intuit’s checks have 27 overt and covert features designed to keep you and your business safe. Intuit protects your checks with state-of-the-art security.  Secure checks help prevent fraud and element it. If you would rather not deal with fraud at all, secure checks is the best way to go! Secure Premier Voucher Blue What's the difference?:  Premier has more security protections: the security hologram on the front of the checks. The hologram makes scanning or copying nearly impossible. Self-Seal Standard Voucher Check Envelopes  You can even order Deposit Slips, Endorsement Stamps and even Security pens! Want more information about QuickBooks Checks and Supplies? Call us today at 775-348-9225

QuickBooks Online vs. Desktop

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QuickBooks Online is getting more and more popular everyday! Everyone is making the switch from desktop to QuickBooks Online! But what are the benefits of the switch? Below you will see a comparison chart of QuickBooks Online and desktop.  There are so many other reasons why users love QuickBooks Online! With QuickBooks Online you can even capture receipts photos on your phone or tablet and then attach them to your QuickBooks expenses. No more saving receipts!  Want to know more? Want to know more about QuickBooks Online? Call the QuickBooks Gal today! 

Which QuickBooks Online Version Is Right For You?

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Wondering which QuickBooks Online version will work best for your business? Don't worry the QuickBooks Gal is here!  Not sure if QuickBooks Online is right for you? Ask your self these questions: Do you?: a) Want the flexibility to work on the go (from computers and mobile devices) b) Want a service-based business (Prof. svcs., construction & retail are top industries) c) Are you comfortable working online d) Have one or more location e) Looking for zero maintenance software Then you need QuickBooks Online! Hurry and call us today at 775-348-9225

FAQ On Updating To The New QuickBooks Online!

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Thinking about updating to the new QuickBooks Online? Here are the most frequently asked questions for the new QuickBooks Online:  "When will I see the new changes?" The new version of QuickBooks Online will come out in waves for the next few months. When you are eligible you will be able to update at any time you want! When your account is ready you will receive an email with instructions on how to update to the new QuickBooks Online!  "Can I see it before I switch my account over?" Of course! Here is a link to test drive it with! https://qbo.intuit.com/redir/testdrive "What about improving product uptime?"  A new data center has been added and there have been other changes to help achieve 99.9% better uptime since 2013. To read about the changes visit our other blog:  http://qbgal.blogspot.com/2014/04/quickbooks-online-update.html "What does these changes do to my Payroll Service?" Makes Payroll faster and easier to use!!  All...

Check Fraud: What You Need To Know

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You are probably not aware that fraud is very common. Here are the top 5 things you need to know about Check Fraud 1: Check fraud is more common than credit card fraud, making up more than 4 in 5 fraud attempts. 2: Check fraud is no small hassle: It costs businesses a median of $150,000 and causes 30% of small businesses to fail each year. 3: Relying on banks to reimburse fraud is a huge mistake. Most of the time banks aren't even required to fully reimburse you. 4: The popularity of electronic payments hasn't slowed down check fraud, because new technology makes forgery easier than ever. 5: If a criminal washes one of your checks and pays someone else with it, the check recipient might be legally entitled to keep your money. Don't worry with Intuit Secure Checks you are able to protect yourself and your business.  Call us today to learn more about Intuit Secure Checks!

QuickBooks Online Update!

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The new and improved QuickBooks is here! Moving to the new QuickBooks is lightning fast and hassle-free! It only takes 2-clicks to update to the new QuickBooks. Plus, your data will be available so you can get back to business fast! What's New?: The new QuickBooks now works on tablets! Plus, your data automatically syncs across platforms so you can access it no matter where you are, from the beach to your home you can work anytime, anywhere! The new online invoicing lets you send an invoice right from QuickBooks. You can now communicate with customers, and easily track invoices and payments . So now you can see who has paid you and who hasn't!  Scan Receipts!  With an auto-sync your books are  up to date on all your devices For more information check out our video on why everyone is switching over to QuickBooks Online! Got a QuickBooks Mess? Call The QuickBooks Gal at 775-348-9225

FAQ: "What is The Difference Between QuickBooks Pro and QuickBooks Online?"

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For more information on QuickBooks Online Check out our video! For more information of QuickBooks Pro, click here .  Have a QuickBooks Mess? Call the QuickBooks Gal! 775-348-9225