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

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

Writing Checks in Quick-Books Online

In Quick-Books, you have a choice to use the bill pay feature or write check without entering the bills. While this saves time, it does not help you keep track of accounts payable and due dates. However, if you pay your bills as you receive it, you do not need this feature. Open a Check [...]

By | June 23rd, 2017|QuickBooks Online|Comments Off on Writing Checks in Quick-Books Online

Paying Bills in Quick-Books Online

Once you enter your bills, you will need to get them paid. To start: Navigate to Pay Bills Menu Click on the + menu located in the top right corner of the screen. Under the "Vendors" column select the Pay Bills tab. Select Payment Account Click the Payment Account drop down menu located on the far-left side of [...]

By | June 23rd, 2017|QuickBooks Online|Comments Off on Paying Bills in Quick-Books Online

Entering Bills in QuickBooks Online

If you get lots of bills which you choose to pay later, using the bill feature in Quick-Books Online Support Services in springfield (QBO) could be a great way to remind you when payments are due. It is also a more accurate way to keep track of what you owe your vendors. Open bills Click [...]

By | June 23rd, 2017|QuickBooks Online|Comments Off on Entering Bills in QuickBooks Online