If you have quickbooks setup to take bank feeds then you can setup a rule so that when you make the estimated tax payment to the IRS or to the State Revenue quickbooks will record your payment in a balance sheet account. If you don't have quickbooks setup to take feeds then you ca...
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Learn about one of the most popular programs in our Quickbooks Self-Employed review.2. DETERMINE YOUR EXPENSESNow it's time to figure out how much you spend every month. You'll want to record:Fixed expenses: These include rent, utilities, insurance, student loan, and car payments and other...
If you donated to a charity last year, then you’ll need the following information: Receipts for charitable donations: Regardless of the amount, keep a record of any contributions of cash, check, or other monetary gifts. This record could be a bank record or a written communication from the...
According to recent regulations,it is allowable for an IRS agent to request you actual QuickBooks file. Agents are being officially trained in the use of QuickBooks so they know how to work with these files they get from taxpayers. If the problem with this is not obvious to you, let me ...
According to recent regulations,it is allowable for an IRS agent to request you actual QuickBooks file. Agents are being officially trained in the use of QuickBooks so they know how to work with these files they get from taxpayers. If the problem with this is not obvious to you, let me ...
What Are Payroll Liabilities? Should You Set up Your Business as an LLC or an S Corporation? In partnership with,presents the b. newsletter: Building Better Businesses Insights on business strategy and culture, right to your inbox. Part of the business.com network. ...
In addition to that, recording the donation as a Sales Receipt will also allow you to print a receipt if you need one. However, there are some extra steps you can do to record the donations correctly. You need to create a separate income and clearing account ...
It also ensures you record the interest portion of your loan payments correctly. Too often, the entire loan payment is posted against the principal balance in your books, which means your liabilities and your interest expenses will be understated. How to avoid: As with your bank reconciliations...
Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice. Security Certification of the TurboTax Online application has been performed by C-Lev...