QuickBooks Enterprise

  • Tips to preparing in advance for year-end processing

    Do you remember the challenges you had in prior years with filing forms and closing your company's year in the accounting system?  Sometimes they didn't go as smooth as they could have - right? Chances are likely many of those last minute fixes might could have been caught and prevented months ahead. Our team at Business Accounting Software has compiled a list of simple actions you can take anytime during the year to help ward off some of the extra work you would have to do in January. Click HERE for our list of helpful year-end tips. And check back often - or view ...

  • QuickBooks 1099 wizard ensures reporting compliance

    Have you ignored sending out 1099s to your vendors in the past?  Not a good idea these days as it puts your company at a very real risk for penalties. 1099 reporting is mandated by the IRS and there are penalties to the Payee company for failure to report and inaccurate reporting. Since 2011, the IRS added a new type of 1099 reporting form called a 1099-K for certain types of electronic payments.   The 1099-K is issued by third party payment processing companies such as credit/debit card processors, PayPal, etc. for payments to vendors and contractors. What this means to companies is ...

  • QuickBooks various payroll choices

    Over one million businesses and organizations take advantage of Intuit's flexible payroll choices.  With all businesses being different in some way, it's no wonder there are so many options – but how do you choose which one works best for you? Here’s a quick overview to help you decide which of Intuit’s QuickBooks payroll options is best for your organization: Basic Payroll is a low cost solution allowing you to calculate accurate payroll payments and either print the checks or deposit those payments directly into their bank accounts.  QuickBooks calculates the federal and state payroll taxes and withholds them from paychecks.   You ...

  • Fraud prevention considerations

    There are three factors usually associated with fraud—opportunity, the ability to rationalize it, and financial need. The Association for Certified Fraud Examiners (ACFE) say that 85% of those who commit fraud had never been previously charged with fraud-related offenses. To help combat and curb fraud the ACFE suggested companies bolster training, segregate duties, as well as establish a hotline where employees can submit anonymous tips. Studies have shown 40% of occupational fraud is uncovered by a tip from an employee. Setting the right tone at the top, professional skepticism and communication among management, the board and auditors are three critical elements that can ...

  • Giving the IRS only what they ask for using QuickBooks 2012 Accountant

    The IRS has always been able to demand records, and is now onboard with demanding electronic records.  With Quickbooks being most preferred among small business, the IRS is actively training their agents specifically in this product for auditing purposes.  But QuickBooks files, particularly those of small businesses can accumulate years and years of records all in a single company file. Question:  How do you give the IRS what it asks for - records for a specific period of time -without handing over your entire company’s history? Answer: With the Period Copy function in QuickBooks 2012 Accountant Edition. Within the Condense Data feature in QuickBooks 2012 ...

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