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So far Evelyn has created 26 blog entries.

Reconciling Accounts

Navigate to the Reconcile Menu Select the Gear (services) Icon, and then select Reconcile under the Tools column. Choose Account Choose the account you want to reconcile form the Account drop down menu. Once you have selected the account, click Reconcile Now. Enter Statement Details Find the Statement End Date and the Ending Balance amount on [...]

By | August 16th, 2017|QuickBooks Online|Comments Off on Reconciling Accounts

Do’s аnd Dоn’t whеn іt comes tо your bookkeeping practices.

Every business owner has a profit motive. Thе рrоfіt mоtіvе, соmmоnlу known as the bоttоm line, must bе monitored through proper bооk kееріng procedures. A good bookkeeping procedure will help track аll іnсоmе аnd еxреnѕеѕ that relate to thе fіrm аnd thuѕ еlіmіnаtе undеrѕtаtіng оr оvеrѕtаtіng уоur bоttоm line. Hеrе аrе thе Do's аnd Dоn't [...]

By | August 15th, 2017|Uncategorized|Comments Off on Do’s аnd Dоn’t whеn іt comes tо your bookkeeping practices.

Using Time Tracking in QuickBooks Online

QuickBooks  allows you track employee hours. There are two options: You can either enter time using a weekly timesheet or enter a single activity. While this requires manual entry, it is a good way to start the time tracking process for free. However, if you have lots of employees, I will recommend integrating an app [...]

By | June 26th, 2017|QuickBooks Online|Comments Off on Using Time Tracking in QuickBooks Online

Setting up Payroll – Registering your Business with the FEDs – Part 2

It is recommended to setup an EFTPS account to review your payroll deposits. The EFTPS is the Electronic Federal Tax Payment System® tax payment service. To register: 1) Visit EFTPS.gov 2) Click "Enroll". 3) This is for your payroll so click business. However, if you will like to use the system to manage your individual [...]

By | June 24th, 2017|QuickBooks Online|Comments Off on Setting up Payroll – Registering your Business with the FEDs – Part 2

Setting up Payroll – Registering your Business with the FEDs – Part 1

In order to report wages to the federal authorities, you will need to register and get an EIN. This number can also be used to identify your business if you are a sole proprietor. To get your EIN: 1) Go to the IRS website 2) Click on "Apply Online Now". This takes you to the [...]

By | June 24th, 2017|QuickBooks Online|Comments Off on Setting up Payroll – Registering your Business with the FEDs – Part 1

Setting up Payroll – Registering your Business in IL – Part 2

In part 1, we saw how to register with the IL Department of Revenue to get your Illinois Withholding Number now we are going to register with the Illinois unemployment department to get your Illinois Account Number. 1) To start, go to https://taxnet.ides.state.il.us/login/default.aspx 2) Click on the hyperlink (click here) shown below: 3) This opens [...]

By | June 24th, 2017|QuickBooks Online|Comments Off on Setting up Payroll – Registering your Business in IL – Part 2

Setting up Payroll – Registering your Business in IL – Part 1

In the payroll setup, you will notice QBO asks some information before it can fully set you up for payroll taxes. This is because before running payroll, you are required to register with the federal and state authorities. Each of these authorities give you a unique number to identify your business. This article focuses on [...]

By | June 24th, 2017|QuickBooks Online|Comments Off on Setting up Payroll – Registering your Business in IL – Part 1