Supporting financial documents contain vital information needed for proper recording to your accounting system. It is extremely important to keep these documents to substantiate your accounting entries and tax return filings in the event of an audit. Below are the main types of records you should … [Read more...] about Retention of Financial Records
Intuit / QuickBooks
QuickBooks Desktop Transitions to Subscription Model with the 2022 Release
Intuit has recently announced it is transitioning to annual subscription model pricing and eliminating its product license software for purchase for Pro & Premier products. Beginning with the 2022 release, you will no longer be able to make a one-time purchase of a license for the Desktop … [Read more...] about QuickBooks Desktop Transitions to Subscription Model with the 2022 Release
Expected USPS Delays Ahead; Avoid Payment Delays
Recent news from the Post Office stated that they will be slowing down the delivery of first-class mail beginning October 1, 2021. As a result, they will be increasing the first-class mail delivery standard from one to three days to one to five days as of this date. That includes any bills your … [Read more...] about Expected USPS Delays Ahead; Avoid Payment Delays
Importance of Bank Reconciliations
Cash is the most vulnerable asset in a business. Performing bank reconciliations is an internal control mechanism that can help identify unusual transactions that might be caused by simple accounting errors or worse yet, fraudulent activity. It’s extremely important to perform such … [Read more...] about Importance of Bank Reconciliations
Let QuickBooks Online Be Your Company’s Virtual File Cabinet
Organizing and keeping up with paperwork related to your business can be a time consuming and daunting task. QuickBooks Online can help organize your documents, simplify your document filing and provide access to your documentation anytime, anywhere. The Attachment feature in QuickBooks Online is a … [Read more...] about Let QuickBooks Online Be Your Company’s Virtual File Cabinet