ebs Associates Blog

Small Business Accounting & Technology

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

Posted by Jakob Mann on Aug 13, 2018

A Pocket Dictionary of QuickBooks Shortcuts

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

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: Small Business Accounting, Taxes, Taxes in Oregon, 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 Pro, QuickBooks Enterprise, QuickBooks Premier, Sales Tax, Taxes, QuickBooks Desktop

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

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.

Recording Employee Hours

There are two ways to enter hours for your employees who provide services to customers and are paid by the hour. The first is to create a work ticket for a single activity. Click Enter Time on the home page, and then Time/Enter Single Activity to open this window:

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

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

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 Software, QuickBooks Enterprise, QuickBooks Invoices, QuickBooks Desktop, QuickBooks Company File

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 Accounting, Taxes, Taxes in Oregon, Small Business Ideas

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