The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Bookkeeping · 2 min read ·
Tax Planning: It's Time to Meet with Your CPA
As a bookkeeper, I always recommend to my clients that they meet with their tax planner at least one time a year, and better yet two. I usually suggest once around mid-year, and once in the last quarter. The purpose i…
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Bookkeeping · 3 min read ·
Creating a Backup in QuickBooks Desktop
Are you an entrepreneur or a bookkeeper using QuickBooks desktop software? Are you creating backups to save your data in the event of a computer crash? I highly recommend that every time you do bookkeeping in your fil…
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Bookkeeping · 3 min read ·
Merging Accounts within QuickBooks
Have you taken a look at your chart of accounts and noticed that you have multiple expense accounts for office supplies? Or that a vendor is in your system twice because their name was entered differently so QuickBook…
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Bookkeeping · 3 min read ·
Small Mistakes Equal Big Problems: Mapping your 1099 vendors
QuickBooks has a very user-friendly feel about it. It is easy to use, which ironically can be the reason why people, if not properly educated on how to use it, can run into a laundry list of potential problems. This i…
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Bookkeeping · 3 min read ·
Mid-Year Check-In
We are well into the second quarter, so almost half of the year is complete. You may want to review what is happening in your business to see if any alterations are needed to meet your goals. Based on what you find, y…
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Bookkeeping · 2 min read ·
QuickBooks 2012 Service Discontinuation
Are you a user of QuickBooks 2012 software and do you use add-on services such as credit card processing or payroll? If so, you will notice these features will no longer work in your current QuickBooks version. Althou…
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Bookkeeping · 3 min read ·
QuickBooks Online vs. Desktop
Time and time again we are presented with the question from our clients, “Which is better; QuickBooks Online or the desktop version?” I, like many others, have my personal opinion on which software is better. The pote…
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Bookkeeping · 4 min read ·
13 IRS Audit Red Flags
About 1% of all tax returns are audited each year. Here is what you should know in order to minimize your chances of an audit. 1. Not reporting all taxable income Report all taxable income from all W-2s and 1099s you…
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Bookkeeping · 2 min read ·
7 Tips That Will Save You Money on Bookkeeping
Over the years we’ve assisted many small business owners with their bookkeeping and learned how to do so efficiently and effectively. Today we want to share a few tips on how you can help your bookkeeper streamline yo…
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Bookkeeping · 3 min read ·
QuickBooks Online or Desktop? Which Version Is Best?
I often am asked the question "Which QuickBooks version do you recommend I use for my business?" My response is that I need to know more about the specific situation in order to answer. Today I'm going to give some pr…
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Bookkeeping · 2 min read ·
Using QuickBooks Online
Have you purchased your QuickBooks Online subscription but don’t feel comfortable enough to get started? Today we want to share some tips on how to navigate through QuickBooks Online and help you get comfortable with…
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Bookkeeping · 2 min read ·
Travel Expense Reporting
Late last year the IRS announced the new federal per diem travel rates for Fiscal Year 2015, which spans from October 1, 2014 to September 30, 2015. Usually the per diem rates are increased only by a dollar or two how…
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