Pro-Advisor Bookkeeping Services - Bookkeeping services for small to medium size companies
RSS Follow Become a Fan

Recent Posts

HST Filing
Your Invoices Should Match Your Brand
In an Increasingly Mobile Business World, Accounting on the Go Can Make All the Difference
If You Use PayPal for Your Business, This QBO News Should Excite You
3 Reasons You Can Put Your Fears About Cloud Accounting Security to Rest

Categories

Bookkeeping
Finance
Intro
Quickbooks Online
powered by

My Blog

HST Filing

I can't express how important it is to file HST remittances with the correct information.  Its important that all income and expenses are entered into QuickBooks, QBO or whatever Accounting System you are using in order to capture the correct numbers.  Filing correctly in QB is equally as important.  If you are not filing correctly in QB or QBO you could be leaving valuable ITC's behind.  Not only that but if you are audited by CRA you run the risk of penalties and fines for not filing correctly.  Its common to see people who use QB or QBO print a report in QB and think that they can get the proper filing numbers from this report.  The fact of the matter is that usually (normally) the report will give incorrect data due to the data being entered and allocated incorrectly.  Once this happens year after year it becomes quite difficult to "clean up" the QB file to show the correct data for HST filing.  Over the years I have had numerous occations where I have had to "clean up" QB files in order for QB to give the proper information for filing.  Don't let this be you!  If you are not 100% sure that you are acquiring the correct information for filing your HST remittances call and let a ProAdvisor take a look at your QB company file and either do a "clean up" or give you some training on how to acquire the correct information for filing your HST remittances.  Don't wait until CRA audits you and then you have penalties and interest to pay.  For further information on filing HST remittance through Quickbooks or Quickbooks Online call Teresa @ 905-745-4396. 

Your Invoices Should Match Your Brand

In most any business, in order to get paid by your clients, you need to send invoices. An invoice is an official commercial document that details the prices of goods and services rendered by your business, and specifies a time period in which the client must make a payment. In addition to including the right information, a good invoice also represents the "brand" of your company well. Branding your invoices involves not only ensuring they include information that presents your company in a professional light, but also that the color scheme and layout is in line with your company's persona.

In an Increasingly Mobile Business World, Accounting on the Go Can Make All the Difference

As a small business owner, accounting is probably one of the tasks you least look forward to. Do you feel like you're always behind on your accounting? Are you having to set aside time to "catch up" with your bookkeeping? One great solution is to use a mobile app, like the QuickBooks Online Mobile App, to keep track of your finances. With the app, you can handle your accounting on-the-go, rather than putting it off until you finally have time to sit down.

One of the many benefits of using QuickBooks Online and the associated mobile app is that your information is always at your fingertips, no matter where you are in the world.

If You Use PayPal for Your Business, This QBO News Should Excite You

With so many businesses selling goods and services online these days, there's a good chance you receive at least some of your payments through PayPal. If you also use QuickBooks for your finance needs, then here's some great news: PayPal and QuickBooks have partnered together to make their interfaces compatible.

A new mobile application, called Sync, is a collaboration between QuickBooks Online and PayPal that will allow you to import all of your PayPal transactions, discounts, and tax information directly into QBO.

3 Reasons You Can Put Your Fears About Cloud Accounting Security to Rest

Many business owners have hesitated to switch to QuickBooks Online because they're afraid that storing their financial data in the cloud is not secure. However, QBO is supremely secure -- much more so than continuing to store your financial information on your own desktop or hard drive. Here's why:
QuickBooks makes security a priority and values your privacy.
The production equipment for QuickBooks is housed in the company's own data center, which is protected by 24-hour security, 7 days per week.

You Absolutely Need to Back Up Your Financial Data, and QBO Can Help

If it hasn't happened to you, chances are you know someone who has lost all of their computer data in a crash. Perhaps those files were backed up safely somewhere, or maybe you lost months' of work in the crash and had to spend the next year struggling to catch up again. Did you learn your lesson and start backing up your data, or are you still putting off backing your files up?
So many people put off backing up their files -- especially their financial files -- because they think the chances of losing that data are small, or because they consider themselves too busy to bother.

Quickbooks Online vs. Quickbooks Desktop: Know the Differences

When deciding how to manage your business' everyday accounting needs, you have a big decision to make: should you use QuickBooks Desktop or QuickBooks Online? There are some major differences between the two, which you should be aware of when making your choice.
Shared Features and Key Differences
QBO is not simply a web-based version of desktop QuickBooks. Though QuickBooks for desktop has been around for longer and thus has more ad-on options, many new additional add-ons are being 

3 Fabulous Features Quick Books Online Can Bring to Your Business

One of the many great things about using QuickBooks Online is the large number of features the service offers. Some of these features, such as the ones below, will be useful for your business regardless of what industry you're in.

Recording Bank Fees
Handling bank fees can sometimes be a nuisance with other accounting software, but not with QuickBooks. The program handles bank fees in the same location as your checks. All you have to do to record a bank fee in QuickBooks Online is open your company's file, click on "banking" and then select the account you're working with from the drop-down menu.

How Your Small Business Can Benefit From Cloud Accounting

For years, keeping handwritten records of transactions was the onlybookkeeping optionfor small businesses. Then the computer was created, and most businesses began keeping records on their PCs, using purchased accounting software. Thanks to technology, there is now a much more innovative way for small businesses to do their accounting: in the cloud. Keeping records "in the cloud" or in other words, in large-scale, off-site computers, offers a number of benefits when used in bookkeeping for small businesses:

Reasons to Invest in Training for Quickbooks Online

If you're not yet using QuickBooks Online for your small business accounting needs, now is the time to make the switch. Yes, it might take a little training to learn to use this tool efficiently, but this training is a very worthwhile investment because using QuickBooks Online offers so many advantages over a software-based accounting system.
QuickBooks Online is a cloud-based tool, which means that all of your data is housed in a remotely located computer system, rather than on your own hard drive.