Resources

5 QuickBooks Reports You Need

Getting all of your accounting tasks done in December is always a challenge. Besides the vacation time you and your employees probably took for the holidays, there are those year-end, "Let's-wrap-it-up-by-December-31" projects. Besides paying bills and chasing payments, submitting taxes and counting inventory in December, there's another item that should have been on your to-do list: creating end-of-year reports. If you didn't get this done, it's not too late. It's important to have this information as you begin the New Year and QuickBooks can provide it.




Working with QuickBooks’ Vendor Records

QuickBooks never forgets. That is one of the reasons you use it. You create a record or transaction, enter a note about a customer, or write a check, for example, and the information gets stored in your QuickBooks file. If you do not remember exactly where it is, you can search for it. If you are just starting to use QuickBooks, part of your setup will involve entering vendor details in the record template the software supplies. If you have been a QuickBooks user for a while, but you have only supplied enough information about vendors to create transactions, consider fleshing out those elements of your accounting file as you have time.




All About Sales Receipts

You know how important it is to obtain receipts for the expenses you and your employees incur. You need to record them, analyze their impact on your cash flow, and claim some of them on your income taxes. QuickBooks supports the creation and tracking of sales receipts. It manages the mechanics of this important task incredibly well and eliminates the need to enter receipt data twice, once on a paper copy for your customer and again in your accounting system. This QuickBooks feature not only minimizes errors but saves time and lessens the possibility of disputes down the road.




Using QuickBooks’ Income Tracker

Sometimes, especially first thing in the morning as you're planning your day, you just want to cut to the chase and get a quick overview of your company's finances. That's where QuickBooks' Income Tracker comes in. It not only provides that overview, but it also contains links to related screens where you can do the work that's needed there.




What Sales Orders Are and When to Use Them

Creating Sales Orders can help you document future sales.




Are you using QuickBooks reminders?

QuickBooks reminders are more accurate than written reminders and remove the burden of trying to remember important deadlines.




Creating customer statements in QuickBooks

QuickBooks statements are easy to create, understand and helpful in resolving payment disputes.




Research and Development Expenditures and Tax Credit

Find out how to take advantage of the Research & Development tax credit which was made permanent in 2015.




Tax Documents Retention Guidelines

What 2017 tax records can you toss once you’ve filed your return? The short answer is: none. You need to hold on to all of your 2017 tax records for now. But this is a great time to take a look at your records for previous years and determine what you can purge.




Nonprofit Tax Checklist

Download this checklist to help you gather everything that will be needed to prepare your 990 tax return.




Individuals Tax Checklist

Download this checklist to help you gather everything that will be needed to prepare your personal income tax return.




Business Tax Checklist

Download this checklist to help you gather everything that will be needed to prepare your business income tax return.




NFP Financial Statement Primer

Although nonprofit financial statements are structured similarly to for-profit financial statements, their unique names and formats can make them harder to understand. This high level overview provides a description of each statement along with key information to look for that is specific to nonprofits.




NFP Financial Reporting Changes

In August 2016, a new accounting standard was released which will change certain financial reporting aspects for nonprofits. This two-page handout summarizes the key impacts of the new standard and provides additional considerations to help you apply the changes to your organization.