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Bookkeeping Basics for Small Business: What Every Owner Should Know

Remote Quality Bookkeeping

Familiarize Yourself With Your Bookkeeping System Businesses use two primary methods to document revenue and expenses and report to the IRS: cash basis or accrual. Thus, selecting the proper type of accounting immediately is important. Use the Right Tools Many small business owners use accounting software to streamline bookkeeping.

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Using journal entries in a QBO cleanup without messing up the books

5 Minute Bookkeeping

When you’ve got a problem in QuickBooks Online, the ‘easy fix’ is making a journal entry…right? As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books !

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How to clean up Unapplied Cash Payment Income & Expenses in QuickBooks Online

5 Minute Bookkeeping

Coming across unapplied cash payment income and expenses in the Profit and Loss report during a QuickBooks Online cleanup can leave you stumped. What are these accounts for and where did they come from? How do you clean up these accounts to get rid of the balances? The accounts cannot be deleted. What are the causes?

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Small Business Accounting 101: Basics Every Business Owner Should Know

Less Accounting

This can include cash, inventory, equipment, and accounts receivable. Including loans, debt, accounts payable, and other expenses. Accounts Payable & Accounts Receivable Accounts payable is the amount of money your business owes to other businesses, suppliers, or vendors.

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Free Excel Bookkeeping Templates to Keep Your Books in Order

Jetpack Workflow

Who Should (and Shouldn’t) Use Excel to Track Their Books If you’re a small business owner looking to streamline your financial tracking process (or that of your client), you may consider both Excel and QuickBooks options. Accounts Receivable Template Sales Invoice Template Invoices are legal documents that bind parties.

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Intuit Launches QuickBooks Cash

Cloud Accounting Podcast

David, what is QuickBooks Cash? David Leary: [00:00:24] QuickBooks Cash. Essentially, you no longer have to get a separate bank account. You can just, in QuickBooks, sign up and get a bank account. Not only that, the bank account pays interest. David, what is QuickBooks Cash? This is huge!

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Earnings Before Interest, Taxes, Depreciation, Amortization, and Coronavirus

Cloud Accounting Podcast

Their around-the-clock support team is standing by with dedicated support just for accountants. It has an easy-to-use dashboard, integrations with QuickBooks and Xero, and additional automated tools to serve the modern workforce. For a limited time, Cloud Accounting Podcast listeners can get two free months of Justworks service.

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