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Month: January 2015

Handling Sales Tax in QuickBooks

The majority of states charge their shoppers sales tax and so it is the business owner’s responsibility to collect it for qualifying transactions. The collecting part usually isn’t hard. But it can be a bit of an issue after that! Sales tax is a little bit of a tricky concept in accounting because although you…

How to Get Your QuickBooks Balances Right Every Time

Reconciling is the process of matching your transactions in QuickBooks with a source document- usually a bank or credit card statement. This simple function is the way you make sure the balances you are seeing in your books actually match with reality. The longer you go without reconciling the more likely it is the books…