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If you dread every minute of the time you spend on accounting, you should know how QuickBooks Online can change your outlook.
How long would it take you to determine:
If you’re using QuickBooks Online, you can get answers to all those questions—and more—in the time it takes you to sign on to the website.
That’s not an exaggeration. The first thing QuickBooks Online displays is what’s called its Dashboard. This is the site’s home page, which contains an array of charts and account balances that provide a quick overview of your finances. Click on an element here—say, a checking account balance—and you’ll be able to drill down and see the details behind it (in this case, an online account register). Click on the Expense graph, and a transaction report opens.
Maybe QuickBooks does everything you need. But if you outgrow parts of it, don’t worry, you’ll have options.
What do you do when an application you’re using stops meeting your growing needs in a specific area? You can: a.) find a workaround, b.) switch to different software, or, c.) resign yourself to living without that feature.
QuickBooks offers a fourth option: d.) find an integrated add-on app that will work for you. There are hundreds of them available, so it’s likely you’ll find one that will do just what’s needed. They fall into several categories, ranging from billing and invoicing to Customer Relationship Management (CRM) to inventory management to time-tracking. They have special versions designed to work with QuickBooks, and they require a monthly subscription fee.
We’ll look at three of the most popular in this column. If you’ve never worked with integrated applications before (and even if you have), we recommend that you let us help get these set up and running for you since their operations can be confusing at first.
Marvin and Company, P.C., an award-winning Capital Region accounting, auditing, taxation and management consulting firm, is pleased to announce the expansion of its exemplary staff with the addition of two team members and welcomes back several interns.
We’ve all received suspicious-looking emails asking us to provide personal information to redeem a prize that we’ve won or alerting us that someone we know needs financial help. By now, most of us recognize these scams—and don’t open the email.
But what if the message looked like it was coming from an official, known source? Would you open an email you thought was coming from your 401(k) service provider or the sponsor of your retirement plan?
This article explores those threats and gives recommendations for Plan Sponsors.
The next few years will include the implementation of multiple challenging new accounting standards.
This article shares practical considerations and highlights what to do.
C Corporation or S Corporation? It All Depends.
Marvin and Company, P.C. explains several factors business owners need to consider to determine which business entity selection best positions their business under tax relief offered through the Tax Cuts and Jobs Act.
The Financial Accounting Standards Board (FASB) recently posted a Q&A stating the FASB staff would not object to nonprofits applying guidance from the Securities and Exchange Commission (SEC) on the application of Topic 740, Income Taxes, in the reporting period that includes the date on which the new tax law was signed.
This article originally posted on the Founders Circle blog and is reposted here with permission through our affiliation with BDO USA, LLP.
Countless workers have been hit with surprise tax bills after they exercise options, the result of Internal Revenue Service rules that haven’t always been friendly to startups.
The good news is that the new tax law offers relief for some employees who might otherwise have been forced to hold options or let them expire because of a large tax bill. But the new code doesn’t remove every obstacle in the way of employee liquidity—and one provision ostensibly designed to do so looks like it will fall well short.
Peter Klinger, a principal in BDO’s Compensation and Benefits practice, recently spoke with Founder’s Circle about the new law and what it means for startups and their employees. The conversation has been edited for length and clarity.
Marvin and Company, P.C. shares six triggers that may cause the IRS to scrutinize your Schedule C Form 1040.
Marvin and Company, P.C. shares insights on the Supreme Court’s recent decision to overturn the physical presence standard.