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The Best Accounting & Bookkeeping Practices to Implement Next Year As the new year approaches, it’s time to evaluate your financial management strategies and set your business up for success. Proper accounting and bookkeeping practices ensure that your business remains…
Setting Up for Success: What You Need to Do Financially Before Q1 Starting the new year with a strong financial foundation is crucial for business success. Proper preparation ensures that you have a clear understanding of your finances, avoid unexpected…
December 2025 Reminders December is the final countdown to year-end. It’s the time to wrap up your financials, finalize your tax strategies, and set the foundation for a strong start to 2026. With many holidays and a short work month,…
Unlock Deeper Insights: How to Create Custom Reports in QuickBooks Online Advanced Standard reports can only take your business so far. When you need reporting that reflects your workflow, your priorities, and your decision-making style, custom reporting in QuickBooks Online…
How to Forecast Next Year’s Budget Based on This Year’s Data Forecasting your budget for the upcoming year is crucial for financial stability and growth. By analyzing your current year’s financial data, you can make informed decisions, anticipate challenges, and…
Tax Write-Offs Explained: What’s Legit & What’s a Red Flag? Tax write-offs can help small business owners save money, but not everything qualifies as a legitimate deduction. Understanding which expenses are allowable and which could trigger an audit is crucial.…
November 2025 Reminders November is the calm before the storm of year-end financial responsibilities. It’s a great time to catch up on any bookkeeping backlogs, assess your tax position, and prepare for the final sprint to closing out 2025. Getting…
How to Use Statement Extraction in QuickBooks Online When your bank can’t be directly connected to QuickBooks Online—or if you need to add older transactions—there’s now a faster, smarter way to keep your books up to date. With statement extraction…
QuickBooks vs. Competitors: Which Accounting Software Is Right for You? Choosing the right accounting software is a crucial decision for any small business. With multiple options available, it’s essential to understand the differences between QuickBooks and its competitors to make…
Accounting Tech Trends: What Small Business Owners Need to Know Technology is transforming the accounting landscape at a rapid pace, and small business owners must stay ahead of the curve to remain competitive. From automation to artificial intelligence, new advancements…
October 2025 Reminders October marks the beginning of the fourth quarter and the final stretch of the business year. It’s time to double down on financial prep, finalize Q3 reporting, and plan for the holidays and year-end obligations. Staying on…
New Updates to Payment Approval Workflows in QuickBooks Bill Pay Why This Matters Whether you are an Accounting Firm or an internal user, handling bill payments carries a lot of responsibility. Safeguards need to be put in place to prevent…
The New QuickBooks Experience on the Intuit Platform Running a small business means juggling dozens of moving pieces. For years, accountants and business owners alike have asked for one thing: less friction, fewer apps, and a simpler way to keep…
Year-End Tax Strategies Every Small Business Should Know As the end of the year approaches, small business owners should take proactive steps to optimize their tax situation. Implementing effective tax strategies now can help you reduce liabilities, maximize deductions, and…
Profit & Loss vs. Balance Sheet: Understanding Key Reports Financial reports are the backbone of a business’s financial health. Two of the most essential reports that small business owners must understand are the Profit & Loss (P&L) statement and the…
September 2025 Reminders September signals the end of Q3 and the beginning of the year-end ramp-up. It’s a crucial month for estimated tax payments, strategic financial planning, and finalizing quarterly bookkeeping tasks. Use this month to ensure your business is…
Now Live: Tap to Pay on iPhone for QuickBooks—No Card Reader Required Intuit has just made in-person payments easier than ever for small businesses, freelancers, and field service providers. With the launch of Tap to Pay on iPhone within the…
The Hidden Costs of Scaling and How to Plan for Them Scaling a business is an exciting milestone, but it comes with hidden costs that can catch even seasoned entrepreneurs off guard. Proper planning can help you navigate these challenges…
The Pros and Cons of Different Business Funding Options Securing the right funding is crucial for growing and sustaining a business. However, each funding option comes with its own advantages and drawbacks. Understanding these nuances can help you make informed…
August 2025 Reminders August is an ideal month to focus on financial organization and long-term planning. With no major federal tax deadlines, you can turn your attention to optimizing systems, reviewing your year-to-date progress, and preparing for a strong Q4.…
The Mid-Year Business Financial Checkup: What to Review Now A mid-year financial checkup is a great way to assess your business’s financial health, identify potential issues, and make necessary adjustments before year-end. Use this checklist to review key areas of…
Budgeting for Uncertain Times: Strategies to Stay Financially Secure Economic uncertainty can arise from various factors, including market downturns, inflation, supply chain disruptions, or unexpected business expenses. For small business owners, having a strong financial plan can mean the difference…
July 2025 Reminders July kicks off the second half of the year—a great time to reflect, reset, and realign your financial strategy. With Q2 officially over, your focus this month should include quarterly filings, performance evaluations, and tax planning. Here…
How to Sync Amazon Business Purchases with QuickBooks Online Tracking business expenses from Amazon purchases can be time-consuming and error-prone. Thankfully, QuickBooks Online now offers a direct integration with Amazon Business, making it easier than ever to stay on top…
How to Create Credit Memos from Invoices in QuickBooks Online Issuing credit memos in QuickBooks Online just got easier—and faster. With the latest update, you can now create credit memos directly from invoices. This eliminates the need to re-enter information…
Payroll Headaches? Here’s How to Simplify the Process Managing payroll is one of the most critical yet challenging tasks for small business owners. From tracking employee hours to ensuring compliance with tax laws, payroll can quickly become overwhelming. However, by…
Breaking Down Payroll Deductions: What Business Owners Need to Know Payroll deductions can be complex, but understanding them is essential for business owners to remain compliant and ensure employees are paid accurately. In this guide, we’ll break down each type…
June 2025 Reminders June is a key month for payroll and employee-related compliance, as well as mid-year financial check-ins. With Q2 wrapping up soon, now’s the time to review payroll processes, employee benefits, and your financial performance to prepare for…
Declutter Your Business Finances: Tips for a Stress-Free Money System Running a small business is challenging enough without the added stress of disorganized finances. When your financial records are cluttered, it can lead to cash flow problems, missed tax deductions,…
Chart of Accounts 101: The Blueprint for Financial Clarity A well-structured Chart of Accounts (COA) is the foundation of any solid accounting system. It categorizes financial transactions in a way that makes it easy to track income, expenses, assets, and…
How to Best Track Prepayments Made to Vendors in QuickBooks Online Managing prepayments to vendors in QuickBooks Online can be tricky, especially when dealing with deposits or payments made before receiving goods or services. However, understanding the correct methods to…
May 2025 Reminders May is the perfect month to give your business finances a spring refresh. With tax season behind most businesses, now’s the time to focus on organizing your books, reviewing financial systems, and planning for mid-year success. Here’s…
April 2025 Reminders April marks the beginning of a new financial quarter and the deadline for many important tax filings. Staying organized this month will help keep your business on track financially. Here are the key accounting and bookkeeping tasks…
Mastering Bank Feeds in QuickBooks Online: A Step-by-Step Guide Managing bank feeds in QuickBooks Online (QBO) is essential for keeping accurate financial records, streamlining transaction categorization, and ensuring real-time financial visibility. In this guide, we’ll walk you through the key…
Maximize Profits, Minimize Taxes: The Right Business Structure Matters Understanding Business Taxes: How Your Business Structure Affects Your Tax Obligations One of the most important aspects of running a small business is understanding how your chosen business structure impacts your…
Smart Business, Smart Choice: Selecting the Right Legal Structure One of the most important decisions you’ll make as a small business owner is choosing the right business structure. Your choice affects everything from how much you pay in taxes to…
March 2025 Reminders As we step into March, small business owners should stay on top of key accounting and bookkeeping tasks to keep their finances in order. This month is especially critical due to tax deadlines, bookkeeping maintenance, and financial…
Managing Receipts on the Go with QBO’s Intuit Assist For small business owners, keeping track of receipts can be a hassle, especially when managing expenses on the go. QuickBooks Online (QBO) offers a powerful AI-powered tool, Intuit Assist, to simplify…
Avoiding Cash Flow Nightmares: Common Pitfalls & How to Fix Them Ever wondered why your business struggles with cash flow, even when sales are strong? Many business owners fall into common cash flow traps that can lead to financial instability.…
Cash Flow Mastery: Keeping Your Business Financially Healthy Cash flow is the lifeblood of any business. Even profitable businesses can struggle if they don’t manage cash flow effectively. Running out of cash is one of the biggest reasons small businesses…
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