best buy quickbooks small business accounting 2016

BEST BUY QUICKBOOKS SMALL BUSINESS ACCOUNTING 2016 SOFTWARE

Heather Satterley is an Enrolled Agent licensed to practice before the IRS and an Intuit QuickBooks ProAdvisor. Smart, clean books are a gift that you give yourself so your business can be more productive and profitable than ever before. Schedule your accounting sessions calendar and keep it up throughout the year.Ī little effort at regular intervals can make the bookkeeping process less daunting and give you valuable, timely information that helps you make better business decisions. Make sure you understand how they work before you try to implement them.Ĭonsider consulting with an accountant to learn about any changes in the tax laws, both federal and state, in the upcoming year that may impact your business. Consider additional applications that can streamline processes like TSheets for time tracking or Bigcommerce for web store integration. If you’re using an online bookkeeping system, set up features such as bank rules to automatically categorize recurring transactions such as subscription fees, loans, and insurance bills.

BEST BUY QUICKBOOKS SMALL BUSINESS ACCOUNTING 2016 SOFTWARE

Also make sure you’re maximizing features already available in the existing software solutions you use. Determine your biggest pain points, such as keeping track of receipts, mileage, or inventory, and look for ways to streamline by using apps that work with Square and QuickBooks Online. Review your current bookkeeping procedures to find areas for improvement. If you’d rather focus on other aspects of your business, consider hiring a bookkeeper. Schedule regular times each week to make sure your books are up to date, whether you use a bookkeeper or do this yourself. You need to keep your accounting up to date all year. Get rid of unused or inactive items, such as former clients or vendors, from your books. Most of these forms are due in January.Ĭlean up your record keeping. Make sure you know which forms to file for employees and contractors for tax year 2015. Get signed Form W-9s from your contractors for 2016. independent contractors to make sure that people who work for you are properly classified. Open separate bank and credit card accounts for your business if you haven’t done so already.

Make sure your business transactions are separate from your personal transactions. If you use Intuit’s QuickBooks Online, you can use the Sync with Square app to automatically enter all your Square transaction data into QuickBooks. Verify that opening balances in your bank account and credit cards are correct in your bookkeeping system. Make sure your books are reconciled and all expenses are entered. Luckily, there are some steps you can take to set yourself up for clean and easy bookkeeping. Many small business owners, especially as they’re just starting out, have trouble keeping their accounting and bookkeeping in order. Are your books a mess? Or are you finding it hard to keep them buttoned up? You’re not alone.

Best buy quickbooks small business accounting 2016