QuickBooks Webinar

QuickBooks at Year End

How to prepare for your accountant

Soon it will be time to review year end numbers. Was it a successful year? What amounts will go to an income tax return?

QuickBooks users can do several things that will help prepare them for accurate numbers and a streamlined tax return process. Here are a few.

One, reconcile the bank accounts. This process ferrets out errors made when recording deposits and expenses. It also lists old transactions that will never clear.

For an easy solution to remove old uncleared transactions, see the article linked here.

Difficult bank reconciliation? Look for solutions here.

Two. Review aging reports for accounts receivable and accounts payable. Do you have old invoices that are uncollectible? Write them off. Here’s how.

Clear old credits that sometimes build up in accounts payable. Get some tips here.

Three. Compare inventory reports and the balance sheet. Are the amounts the same? If inventory is  handled correctly, they should be.

Four. Review  an end of the year balance sheet. Reports->Company & Financial->Balance Sheet Standard. Do loan balances match loan statements from the lending institution?

Do payroll liabilities on the balance sheet seem to agree with amounts shown in the Payroll Center?

Does the balance in Sales Tax Payable match the amount that needs to be paid at the end of the quarter?
 
There are more. But these ideas will get you started.
 

QuickBooks Webinar

Enter your email address below to receive a reminder message.

Please complete the Captcha

Date and Time

Tuesday Dec 9, 2014
9:00 AM - 10:00 AM PST

Want more? Join us for a free hour-long webinar demonstrating some of these fixes. Your questions are welcome.       December 9th,  10:00 am
Register here

QuickBooks Classes
Tulare Chamber of Commerce
February 2015                               559-686-1547

  • Basic QuickBooks          Feb 18th  8am – 4pm
  • Intermediate QB             Feb 19th  8am – 1pm
Hanford Chamber of Commerce
February 2015                                 559-582-0483
  • Basic QuickBooks          Feb 24th  8am – 4pm
  • Intermediate QB             Feb 25th  8am – 1pm
     

Website

http://www.tularechamber.org

Contact Information

Tulare Chamber of Commerce 559-686-1547
Send Email

Enter your email address below to receive a reminder message.

Please complete the Captcha

Business Directory News Releases Events Calendar Hot Deals Job Postings Contact Us
GrowthZone - Membership Management Software
Share
Print Email Add to Calendar Facebook Twitter LinkedIn
Tell a Friend
Select Calendar Type
Google Yahoo iCal (Outlook, Apple, or other)