From the category archives:

Bookkeeping Tips

How to Record Paypal Fees in Quickbooks

by Michelle MangenFebruary 28, 2012 Bookkeeping Tips

With Paypal, Square and Intuit Payment Network being popular options for receiving payments it’s helpful to know how to record those fees in Quickbooks (or other accounting software) while also assuring our client and customer balances are properly reflected. The way described below is much faster and efficient than recording a journal entry. The video [...]

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Throw Away the Calculator! Paypal Tip for Quickbooks

by Michelle MangenSeptember 28, 2010 Bookkeeping Tips

Quickbooks Tip: Accounting for Paypal Fees You’re a 2010 business owner. This means that unless you live under a rock you probably allow your clients to pay you with Paypal, Intuit’s Payment Network (IPN), etc. Most of these payment gateway services charge you some transaction fee for accepting payments through them. So how do you [...]

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7 QuickBooks Shortcuts to Save Time

by Michelle MangenApril 20, 2010 Bookkeeping Tips

Seven QuickBooks shortcuts that will save you time For the past several weeks I’ve been working on two five year bookkeeping projects. Needless to say there are quite a few entries needed to get the books in order. The following tweaks to QuickBooks can save you several seconds per transaction, equating to a significant amount [...]

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Eliminate the Stress Involved with 1099 Preparation

by Michelle MangenMarch 9, 2010 Bookkeeping Tips

Save time and money with annual 1099 preparation According to IRS regulations all businesses are required to file 1099-MISC forms to any non-incorporated contractor they paid $600 or more to over the course of the year. Tips to Help Save You Time and Frustration at Year End: Be sure to obtain a completed and signed [...]

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Bookkeeping-Top 10 Sanity Checklist

by Michelle MangenJuly 24, 2009 Bookkeeping Tips

For reasons beyond satisfying your accountant and Uncle Sam each year it’s important to keep up with your bookkeeping so you can assess your income and expenses – really, how do you know if you are making money or spending too much on office supplies unless you have up-to-date, real time info? Below is what [...]

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