Depositing Payments in QuickBooks: The Basics Creating bank deposits manually can be a huge chore. QuickBooks simplifies this task. Satisfying though it may be to enter all of those customer payments manually on a paper deposit slip, it can also be tedious and time-consuming. The more successful in business you are, the more time and care it takes. …
Is it a Business or a Hobby? 9 Questions to Ask
The IRS takes the distinction very seriously. Many small businesses start out as casual pastimes. You help troubleshoot your friends’ computer problems in your spare time, and they start telling their friends and business contacts about you. Or you use your woodworking skills to build furniture for non-profit organizations or your sewing skills to make one-of-a-kind dolls for the neighbor …
Get QuickBooks Ready for Point of Sale Integration
Don’t expect to start ringing up sales until you’ve done some prep work in QuickBooks. Years from now, accounting industry thought leaders tell us, small business accounting will rely heavily on integration. You’ll be able to choose from best-of-breed solutions to assemble just the mix of financial functionality that your company requires. We’re seeing the early stages of this new …
The Affordable Health Care Act: The Major Changes for 2014
You won’t have to worry about the most significant one until 2015. When the Affordable Health Care Act became law in 2010, its impact was wisely spread out over several years. As an individual and a business, you’ve likely already been affected by some of the changes already enacted. The big one that will affect you, however, has been delayed …