Small businesses make up the fabric of our communities. Their skills, goods and services provide us all with both necessities and niceties. Among many local benefits, they support our school teams, bring charm and character to our main streets and help fund our non-profits. However, many business owners neither are bookkeepers nor accountants. Faced with the critical job of tracking their income and expenses many...More info
What does it mean to gross up a paycheck? It's the opposite of the typical payroll method whereby an employee is paid a gross amount and then incremental portions of money are withheld by the employer for tax purposes, social security and retirement/benefits contributions. In the case of grossing up a paycheck, the paycheck is inflated by a specific amount so the employee receives a guaranteed,...More info
Are you using excel spreadsheets to track your accounting expenses and income? Wondering if an upgrade to an accounting software might be appropriate? If you're thinking about it then it probably is time to do it. Most business owners are proficient at accounting but few have the time to really keep up to date on their cash flow, reports review and analysis. (Related article: More info
Customizing some of the hundreds of reports in QuickBooks is particularly beneficial when want to review and analyze the information on a regular basis. For example, tracking the income and expenses by customer can be very useful. A customized report in QBO by customer allow for easy use and frequent retrieval.
Step 1: Reports Center > Profit and Loss > Customize >...More info