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When it comes to managing finances and preparing for tax season, professional bookkeeping is an indispensable service. Bookkeeping serves as the foundation for accurate tax preparation, ensuring compliance with regulations, and maximizing tax deductions and...
The new QuickBooks Business Network connects you with your customers and suppliers. This helps to keep contact information up to date and allows you to send invoices directly to your customer’s QBO account and to receive bills from your suppliers directly to your QBO...
Everyone loves to get paid but no one likes having to chase clients to pay up. This is where a simple one-time setup in QBO to allow for automatic invoice reminders will be a real time save. First, you need to turn on the automatic invoice reminder feature (steps 1-4)...
As a small business owner, it’s important to have a basic understanding of accounting terms and concepts. Knowing these terms can help you make informed decisions and better understand your business’s financial performance. Here are some of the most common...
We prepare a lot of tax returns, so we have seen it all. Many forget or don’t even realize they may be eligible to claim tax deductions or credits. So here is our list of the top 10 most overlooked tax deductions and credits (in no particular order). 1. Ontario...
QuickBooks Online is a great place to keep a list of all your customers in one place. It’s super easy to add new customers and to manage your customer list. Ensuring the accuracy of your customer list is important as it’s directly tied to your invoicing. The...
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