QB QuickTips

This cool and improved tool in QuickBooks is something every business owner needs to have to truly start managing by the numbers.

Use it to know exactly what’s going on in your business, recognize dangerous trends, and maximize your cash flow…all from one screen.

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Resources:

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QuickBooks Pro 2010 – If you’re ready to upgrade and use the improved version of the Company Snapshot

Cash Flow Kick-Start – My no-fluff guide for creating your own custom-made cash flow system

Instant Cashflow – easy-to-read book with a solid cash flow framework and many useful cash-boosting ideas.

About these links

With the end of the year upon us, there’s a lot of year-end recordkeeping that needs to get done. Among the tasks to be handled is issuing Forms 1099-MISC to your independent contractors.

This video will show you how to use QuickBooks to make it a breeze, even if your records are less than complete. You’ll learn what you need to do now so you can get it all done well before the January deadline.

Resource Links

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Independent Contractor (self-employed) or Employee? – helpful info from the IRS website

Downloadable Form W-9 – fill-in and printable

Forms 1099-MISC from Amazon

This video is very timely, since today a MAJOR maintenance release for QuickBooks 2009 is available for automatic update.

In this edition, you’ll learn…

• The difference between an update and an upgrade
• How to check if your software is up to date
• The BIG change this latest update has in store
• How you know when it’s time to upgrade your software

Links to resources mentioned on the video:

What changes are included on the R8 Update

Download Link for installing the update outside of QuickBooks

Online Banking videos for 2008 and 2009

Online Banking 2009 Updates

Need to upgrade?

QuickBooks Pro 2009 – Get 1/2 off on Amazon.com right now

One of the BIGGEST problems in QuickBooks is figuring out the proper way to capture your business expenses and then pay your credit card.

Mystery solved! Watch this mini-lesson to learn just how simple it can be.

If you’re wondering about how to record those business charges that were made on your personal credit cards, check out this mini-lesson on paying for business expenses with personal funds

You can use the exact same procedures, whether you paid for the business expenses out of personal cash or used a personal credit card.

If you STILL have questions, be sure to post them below, and you may see a follow-up lesson just for you!

~Gabrielle

As you might imagine, it’s sheer madness right now in the tax preparation world. So, have you filed your tax returns yet, or are you one of those pesky procrastinators? 

Whether you’ve already gotten it out of the way for this year, or you’re scrambling to pull everything together before the deadline, you’ll want to watch my latest video.

You’ll learn how to take one simple step that will save you and/or your tax preparer A LOT of time and headaches when it comes to getting your financial information out of QuickBooks and onto your tax returns.

Nobody likes paying taxes, and what we have to go through to satisfy Uncle Sam every year is really crazy when you think about it. But at least using these few simple steps consistently with QuickBooks, we can reduce some of the stress along the way.

Here’s to lower stress at tax time for you from now on!

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~Gabrielle

As if we didn’t have enough taxes to keep up with!

Yep, Use Tax is a little-known tax that many small businesses need to put on their radar. Most states and some city governments are putting plans in place to “cracking down” on unpaid Use Tax, and they are starting by hitting businesses hard.

In this week’s video lesson you’ll not only learn about what Use Tax is, but how to protect yourself from getting a nasty back tax bill that could even include penalties and/or an audit.

The old saying fits here: Fore warned is fore armed.

Do you do business on the Internet? If so, you are also a target for Use Tax. The state governments are even working together as you read this to find a way to capture the lost revenue from Internet sales. So keep an eye on your state’s tax laws during the coming year.

Share your thoughts, questions, comments, experience (outrage), or tips below on the topic of Use Tax.

I’m always glad to hear from you….even if it is to grumble.

~Gabrielle

This lesson will put you MILES ahead of so many QuickBooks users who confuse the Write Checks function with the Pay Bills function. Most just try to “fake it,” but what they really do is create BIG headaches for themselves later and leave their Accounts Payable records in a total mess.

Follow the simple steps in this mini-lesson, and you’ll save yourself HOURS of troubleshooting…AND you’ll be in a much better position to manage your cash flow effectively.

As always, be sure to leave your comments or ask questions about this topic below.

~Gabrielle