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.

Read More

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.

Read More

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

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.

Read More

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:

Read More

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

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.

Read More

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.

Read More

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

How to track time in QuickBooks Desktop

Posted by Denise Loter-Koch on Jul 30, 2018

When you sell a product to a customer, you know it. It goes away, and your inventory count in QuickBooks is reduced by one. This tracking helps you know what is selling and what is not, and it signals when a reorder is due.

Read More

Topics: QuickBooks Warehouse Inventory Management, Small Business Accounting, QuickBooks Software, QuickBooks Enterprise, QuickBooks Premier, Sales Tax, Taxes, QuickBooks Desktop, TSheets

Payroll Expenses for Employers

Posted by Denise Loter-Koch on Jul 25, 2018

Federal law requires most employers to withhold federal taxes from their employees' wages. Whether you're a small business owner who's just starting out or one who has been in business a while and is ready to hire an employee or two, here are five things you should know about withholding, reporting, and paying employment taxes.

Read More

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

QuickBooks Custom Reporting Part 2: Putting it all together

Posted by Jakob Mann on Jul 18, 2018

Welcome to part two of our post on custom reports training. If you haven’t read part one first, I’d recommend checking it out for an overview or refresher on the screens we’ll be going over in this post. 

Read More

Topics: Customer Relationship Management, Small Business Accounting, QuickBooks Software, QuickBooks Enterprise, Customize Form Templates, QuickBooks Reporting, QuickBooks Training or How To, QuickBooks Company File

Five Tax Deductions that Disappeared in 2018

Posted by Denise Loter-Koch on Jul 17, 2018

Under tax reform, taxpayers who itemize should be aware that deductions they may have previously counted on to reduce their taxable income have disappeared in 2018.

Read More

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

New call-to-action

SUBSCRIBE TO OUR BLOG

POPULAR POSTS

Recent Posts

New call-to-action