QuickBooksGal

Coming April, subscibers of Quickbooks Online will be experiencing some changes.  Here's what to expect: According to an email sent out by Quickbooks last week: " Beginning  April 10  and over the coming year, usage limits will go into effect for all QuickBooks Online Simple Start, Essentials, Plus, and Advanced customer". Quickbooks want to make sure they are giving their customers the ultimate experience for their buck. Therefore, they are implementing a variety of plans with usage limits to best fit your business. With this, Intuit has developed a Quickbooks Online Advanced edition for the most avid Quickbooks users who need the most capacity and functionality.  This being said, Quickbooks wants to make sure you are informed about adding additional users before the deadline, " You can stay in your current plan and keep all your data. But you won't be able to manually add an account, user, class or location if it will put you over the lim...

Important Quicken News via CEO Mid July, Quicken CEO Eric Dunn released a letter to all Quicken users confirming Quicken will no longer be affiliated with Intuit.  In the letter, Dunn also disclosed many changes and upgrades to the Quicken company and it's systems.  Here's a recap of what to expect this coming year. Quicken ID is being used less frequently (asking you to log on) resulting in a more efficient use of time while operating the app Quicken is changing the method of bank downloads in order to make data transfer more accurate and reliable, using an improved version of the existing system of EWC (Express Web Connect). The start up time of opening Quicken has been reduced, and the software has become much more user friendly. Functionality has greatly increased. Quicken has made improvements to their customer care department, claiming it is very “large" and the employees are "well-trained”. With call centers based out of Tucson, B...

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...

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 ...

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!

One of the most Frequently Asked Questions is if you have to pay an employee overtime for 8 hours in a day or over 40 hours in a week. The QuickBooks Gal has the answer! If your employee make less than one and one half times minimum wage ($12.38/$10.88) per hour, you will need to pay them for overtime for time worked over 8 hours in a 24-hour period.  If the individual makes more than one and one half times minimum wage, you need to pay them overtime for time worked over 40 hours in a week.  The only exception is if an employee agrees to work 4, 10 hour shifts. However, any deviations from the 4-10 rule could cause overtime to accrue (NRS 608.018). What is minimum wage in Nevada: Minimum wage in Nevada is 7.25 per hour with insurance $8.25 per hour without insurance

Verify the Taxes Due: Vendors Sales Tax Sales Tax Liability Make sure that the dates of liability are LAST MONTH - note the amounts due to each agency and the amounts due: Return to Vendors, Sales Tax, then select Pay Sales Tax: When the window opens, pay one agency at a time…first do the one that exact (typically NV  Dept of Taxation – City of East Bayshore in this example). Be sure to set the correct bank  account from which to deduct the monies, then set the date of the withdrawal and most  importantly, set the tax liability date – should be last month under show sales tax due through  date. Finally determine if you want QB to assign a check number or if you prefer to do so at a  later time, select “ to be printed ": Now return to Vendor, Sales Tax, Pay Tax window to pay the taxes that require rounding: Select all taxes (they both go to the same tax agency)  Select the ADJUST button  In th...

QuickBooks Online has updated! Here are the new features! Inventory Tracking: "Item" Drawer: Clicking NEW now displays a drawer where it allows you to create a new product or service Gear > Lists > Products and Services > New. Three Item types: QBO only allowed you to have two item types, now there are three! Inventory Item: Any item you buy or sell and need to track the quantity you have on hand  Non-Inventory: Any item you buy but don't need to track the quantity Service: Any service you provide to customers, such as training or installation  Bank Feeds: Mark a bank transaction as a billable expense and assign it to a customer:  Left nav > Transactions > Banking Find the transaction, click billable then chose the customer to bill it to. Add an attachment to a bank transaction: Ever wanted to attach the receipt or a photo to a bank transaction? Now you can! Left nav > Transactions > Banking Find tran...

There is a new update for QuickBooks Online! Making it easier to use and creating less work for you! Inventory Tracking: Now be able to upload a product image and create individual SKU for every inventory item Be able to see more products in one list Copy existing items by clicking duplicate so you don't have to re manually add them Make multiple inventory items inactive by going down the list and checking the boxes next to your inventory items Emails: There is now a cleaner look to the emails that are sent out to clients reminding them their payments are due. Making you look more professional!  QuickBooks Online now has a Desktop App for Mac and Windows! Be able to open your QuickBooks straight from your desktop! You can even have multiple pages up so you can work on different businesses at once! QuickBooks Online is made to make your life easier! Call The QuickBooks Gal today to start working on your QuickBooks Online, it does mo...

If you have a business in Nevada, you should have received a notice recently from the Nevada Department of Taxation regarding the Commerce Tax that went into effect July 1, 2015.   The Commerce Tax is a gross revenue tax on each business in this state whose Nevada gross revenue in a fiscal year exceeds $4,000,000. The Fiscal Year started on July 1 st , 2015 This tax is imposed on any business entity engaged in an activity with the object of gain, benefit, advantage, either direct or indirect, to any person or governmental entity. The tax is collected annually by the Department of Taxation with the first return and payment due August 15, 2016 for July 1, 2015- June 30, 2016.   All Businesses are required to file to Commerce Tax Return From annually. The tax is based on Nevada Gross Revenue as defined in Section 8 of Senate Bill 483 pursuant to section 22, and may include various adjustments to that amount pursuant to section 21 of the bill to the extent they are ad...

As of July 1, 2015 the rate for general business is 1.475% with the exemption of $50K per quarter.  The rate for financial institutions and any entity subject to the Net Proceeds of Minerals Tax is 2% with no exemption The previous exemption was 85,000 per quarter.  For more information on this please visit the State of Nevada Department of Taxation website at  http://tax.nv.gov/  or call them at  866-962-3707