Accounting & Payroll Blog

QuickBooks online doesn’t track QUANTITY of inventory items. It can track only VALUE of inventory.

Here is the help how to set it up. Go to COMPANY -> CHART OF ACCOUNTS and follow the instructions.

If you’re a small business owner with problems managing your accounting and bookkeeping, consider hiring a bookkeeper to help you get organized and make the most out of your money.  It’s not uncommon for small business owners who do their own accounting to have problems reconciling bank accounts, collecting accounts receivable, and keeping track of when monthly, quarterly, and annual payments are due.  Hiring a bookkeeping professional can take the burden of bookkeeping away from you and prevent you from having to pay fines for late payments or missed deadlines.  Bookkeepers can pay the bills of a business, create invoices for purchases or services rendered, reconcile credit card and banking statements, make additions to your chart of accounts, and help you with maintaining accurate tax records.  One of the best things about having a bookkeeper is that he or she can concentrate on keeping your finances organized so that all you have to do when it’s time to file taxes is fill out the paperwork and attach any necessary documentation.  If you’d like more information on what a bookkeeper does, The Bureau of Labor Statistics has a great profile of what kind of education and knowledge a bookkeeper should be expected to have at http://www.bls.gov/oco/ocos144.htm. 
 

If you have employees in your small business (including yourself) you have to file certain tax forms on regular basis. This is just a reminder for you, which forms are due now.

Tax Form Name: 941
Period: 07/01/2006-09/30/2006
Due Date: 10/27/2006

Form Name: NUCS-4072 (this applies only to companies doing business in Nevada)
Period: 07/01/2006-09/30/2006
Due Date: 10/31/2006

If you want us to file the forms for you we do it as a free service, which is included in our payroll service.