QuickBooksGal

End of Year Record Retention Guide Getting ready to store your financial records for 2010? Here's a handy guide to help you decide what to keep and what to toss. Record Retention Guide Type of Record Retention Period Bank Statements 7 Years Business Licenses Until Expired Cash Register Tapes 3 Years Check Registers Keep Permanently Canceled Checks 3 Years Deeds, Titles, Title Insurance Length You Own the Property Financial Statements Keep Permanently General Ledger Keep Permanently Inventory Records 7 Years Invoices/Bills - Accounts Payable 3 Years Invoices - Accounts Receivable 3 Years Phone/Utility Bills 3-6 Years Property, Plant & Equipment Records Keep Permanently Purchase Orders 3 Years Receiving Reports 3 Years Tax Returns & Related Backup 10 Years Minimum Time Cards or Tickets 3 Years Travel Expe...

It's time to start thinking about end of year procedures. One of those for me is verifying payroll to assure that there won't be any problems when it comes time to prepare W-2 forms. There is a great tool in QuickBooks called the Payroll Summary Report. You can find that in the Report drop down menu at the top of the main window in QuickBooks. From there, select Employees & Payroll and then select the Payroll summary. You can use this report to review totals by employee and for your company. Additionally, you can review payroll-related liabilities & expenses by employee and grand totals for the company by date range or for the year to date. I generally print this report every time I create a payroll and keep that report in my Payroll Book and I always keep a final year-end copy with my payroll records and employer copies of quarterly reports & W-2's. I hope this tip is useful. Please tune in again for another QuickBooks Gal Minute. Got a QuickBooks M...

powered by ODEO Hi, I’m Jayne Miller, the QuickBooks Gal and your host for another in our weekly series of QuickBooks and Bookkeeping Podcasts. My company, Custom Business Solutions , is a consulting firm in Reno, NV that specializes in providing bookkeeping and software support. In addition, we now have an onsite classroom where we provide classes and hands-on training. Please visit our website, www.quickbooksgal.com , for information and schedules. Today I would like to talk one more time about W-2’s; 1099’s, Quarterly and Annual reports. All of these should be processed and mailed by now, but just in case you still have questions, I’d like to recap these processes and deadlines: January 31st Deadlines • State Unemployment Taxes & Forms should be completed, filed and liabilities paid by Jan 31st. • Local returns and liabilities are usually due on the last day of January; check your local regulations. • 941 4th Quarter 2006 report is due and should be postmarked by Jan 31, 2007....

QuickBooks Revisited, End of Year Tasks; Update to new version (Payroll Driven); Updating to Internet Explorer ( Download ) powered by ODEO Hi, I’m Jayne Miller, the QuickBooks Gal and your host for another in our weekly series of QuickBooks and Bookkeeping Podcasts. My company, Custom Business Solutions , is a consulting firm in Reno, NV that specializes in providing bookkeeping and software support. In addition, we now have an onsite classroom where we provide classes and hands-on training. Please visit our website, www.quickbooksgal.com , for information and schedules. Today, I want to revisit some recent issues related to QuickBooks 2007 and end of year tasks. We can become consumed with end of year tasks and lose track of some of the “go forward” priorities. With that in mind, I think it is a good idea to revisit topics from earlier podcasts. In this edition, I’d like to recap topics of importance as we wrap up 2006 and get ready for 2007. 1) January is the time when we have t...

Hello. Welcome to QuickBooks Gal. My name is Jayne Miller, Certified QuickBooks ProAdvisor, Enterprise Solutions Provider, Sleeter Certified QuickBooks Advisor, Peachtree AccountCare Partner and Microsoft Partner. I'm the owner of Custom Business Solutions, a firm specializing in QuickBooks, Peachtree and Microsoft Small Business Accounting software support. If you've got a QuickBooks Mess, call us for training and support. We offer bookkeeping, payroll and QuickBooks classes. Send your questions and comments to info@quickbooksgal.com or call me at 775-348-9225. Today I’ll discuss getting ready to process W-2’s and 1099’s. As a business owner with employees or subcontractors you will be required to issue W-2's to employees and 1099M's to non incorporated, non-employee service providers. Subcontractors and service providers who are not incorporated must provide a form W-9 to you. You'll use this information to issue a 1099 to them if they were paid $600 or more in t...