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ebs Associates Blog

Small Business Accounting & Technology

QuickBooks Desktop Payments: The Accounts Receivable Cheat Sheet

Posted by Jakob Mann on Aug 29, 2018

To keep your business running smoothly, you need to be able to keep track of your income. To track your income with accuracy and detail, you most likely need to know when, from who, and for what you’re receiving payment. With that in mind, as part of our series on foundations of basic transactions, let’s look at the “Customer Payments” window.

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Topics: QuickBooks Desktop, QuickBooks Software, QuickBooks Enterprise, Payments Processing, Customer Relationship Management, QuickBooks Invoices, QuickBooks Pro, QuickBooks Premier

Your Primer on Automating Your Business & Record Keeping

Posted by Lester San Jose on Aug 22, 2018

It goes without saying: complete and accurate financial record keeping is crucial to your business success. Good records provide the financial data helping you operate more efficiently. It becomes more important, as year-end preparation looms around the corner.

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Topics: Taxes in Oregon, Taxes, Sales Tax, QuickBooks Software, Small Business Ideas, Small Business Accounting, QuickBooks Desktop, Vendor Management, QuickBooks Warehouse Inventory Management, QuickBooks Add-ons & Extensions

QuickBooks Desktop Bills: The Accounts Payable Cheat Sheet

Posted by Jakob Mann on Aug 20, 2018

Bills in QuickBooks are a transaction reflecting what you owe to a vendor, sometimes referred to outside QuickBooks as vendor invoices. Ensuring complete and accurate entry of bills into QuickBooks can be a huge help in understanding and managing your business’ expenses. Let’s look at some of the basics of entering bills in QuickBooks, and the tools you can use for this process to make your work simpler.

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Topics: QuickBooks Invoices, Vendor Management, QuickBooks Software, QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise, QuickBooks Company File, QuickBooks Warehouse Inventory Management, Payments Processing

ebs Associates Repeats as Top 5000 Fastest Growing Company In The USA

Posted by Lester San Jose on Aug 17, 2018

Last year, we said there was no better measurement of success after being listed among the fastest growing companies; we were wrong. ebs Associates was named as one of the fastest growing companies again, making the Inc. 5000 List for the second time in a row.

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UDAS for QuickBooks Desktop: The Ultimate Cheat Sheet

Posted by Jakob Mann on Aug 15, 2018

Errors and other unexpected issues in QuickBooks can cause a lot of trouble, and in some cases, they can be a huge pain to try and diagnose to find a root cause. Luckily, there’s a fantastic troubleshooting technique we can use to try to narrow down what the cause of an issue is, which may save you a lot of time on the phone with support agents, even if you can’t fix the issue yourself.

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Topics: QuickBooks Software, QuickBooks Desktop, QuickBooks Company File, Cloud Hosting, QuickBooks Training or How To

How to Memorize Transactions in QuickBooks

Posted by Jakob Mann on Aug 14, 2018

If there’s one thing that just about everyone who uses QuickBooks can agree we’re not fond of, it’s probably repetitive data entry. The tedious task of manually entering yet another transaction that’s almost or entirely the same as one we’ve already entered can be frustrating, time consuming, and opens avenues for mistakes and differences to crop up. Thankfully, there’s a way we may be able to avoid a lot of these problems, in the form of the Memorized Transaction feature.

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Topics: QuickBooks Software, QuickBooks Desktop, QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise, QuickBooks Invoices, Customer Relationship Management, Vendor Management, Payments Processing

QuickBooks Keyboard Shortcuts - How to Do More in Less Time.

Posted by Jakob Mann on Aug 13, 2018

One of my favorite ways to save time when I’m learning new software is to try and learn the shortcut keys for some of my more common tasks. The less time I need to spend poking around in menus and sub-menus, the more actual work I can get done. By learning some valuable shortcut keys, I give myself access to useful tools literally at my fingertips. Like most software these days, QuickBooks also includes a lot of great shortcut keys. Let’s look at some of the ones we love to use here at ebs Associates.

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Topics: QuickBooks Desktop, QuickBooks Enterprise, QuickBooks Pro, QuickBooks Premier, QuickBooks Software, Small Business Ideas, Small Business Accounting, QuickBooks Invoices

7 Misconceptions About Your Business Tax Returns

Posted by Denise Loter-Koch on Aug 13, 2018

One of the biggest hurdles you'll face in running your own business is staying on top of your numerous obligations to federal, state, and local tax agencies. Tax codes seem to be in a constant state of flux, making the Internal Revenue Code barely understandable to most people.

The old legal saying that "ignorance of the law is no excuse" is perhaps most often applied in tax settings and it is safe to assume that a tax auditor presenting an assessment of additional taxes, penalties, and interest will not look kindly on an "I didn't know I was required to do that" claim. On the flip side, it is surprising how many small businesses actually overpay their taxes, neglecting to take deductions they're legally entitled to that can help them lower their tax bill.

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Topics: Taxes, Taxes in Oregon, Small Business Accounting, Small Business Ideas

The Beginner's Guide to Sales Tax in QuickBooks

Posted by Jakob Mann on Aug 8, 2018

A variety of businesses must collect sales tax as part of their business operations, remitting those funds to the appropriate government agency on a predetermined schedule. The process of correctly collecting, recording, and paying these sales tax liabilities can be somewhat daunting at first, but QuickBooks has some tools built in that can help this go more smoothly.

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Topics: QuickBooks Software, QuickBooks Desktop, QuickBooks Enterprise, QuickBooks Pro, QuickBooks Premier, Taxes, Sales Tax

Your Guide to the Net Investment Income Tax

Posted by Denise Loter-Koch on Aug 8, 2018

While the Net Investment Income Tax (NIIT) tends to affect wealthier individuals most often, in certain circumstances, it can also affect moderate-income taxpayers whose income increases significantly in a given tax year. Here's what you need to know.

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Topics: Taxes in Oregon, Sales Tax, Small Business Ideas, Small Business Accounting

How to Track Time in QuickBooks Desktop II

Posted by Denise Loter-Koch on Aug 3, 2018

Last month, we learned about getting QuickBooks ready for time-tracking by activating it in Preferences and creating a record for a service item. This month, the focus is on using that record in the two different ways you will be using it in QuickBooks: to pay employees for their hourly work and to bill customers for services.

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Topics: QuickBooks Software, Small Business Accounting, QuickBooks Desktop, QuickBooks Enterprise, QuickBooks Pro, QuickBooks Premier, Taxes, QuickBooks Invoices, Customer Relationship Management

6 New Features In QuickBooks Online

Posted by Lester San Jose on Aug 2, 2018

In case you didn't hear about the new features being made available to QuickBooks Online, our team did and wants to share them with you.

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Topics: QuickBooks Online, QuickBooks Software, QuickBooks Reconciliation, QuickBooks Reporting, Payroll Setup, Vendor Management, Customer Relationship Management, New QuickBooks Features

Why Your QuickBooks File Size is Important and How to Control It

Posted by Osita Egbukichi on Aug 2, 2018

For any business, managing your books via QuickBooks is something that is driven by a desire to simplify things. For many people, it just seems simpler to keep all your data in a single file because that way is obviously easier, right? I’d like to take a little bit of time to explain why this method of thinking can be more harmful than you realize; and, ultimately, how you can complicate things beyond your expectations.

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Topics: Small Business Accounting, QuickBooks Company File, QuickBooks Software, QuickBooks Enterprise, QuickBooks Desktop, QuickBooks Invoices

Tax Breaks for Businesses Hiring New Employees

Posted by Denise Loter-Koch on Aug 1, 2018

If you're thinking about hiring new employees this year, you won't want to miss out on tax breaks available to businesses with employees.

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Topics: Small Business Ideas, Small Business Accounting, Taxes, Taxes in Oregon

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