There are is so much happening in the world right now and it seems that there is always a busy season.  Learn what mindset shift I am working on to make my current busy season less stressful and more memorable.

Another round of PPP funding has been approved, but this one has a reduction in gross revenue threshold in order to be applied for.  This video shows you how to run a report that will show your gross revenues by quarter verses the same quarter in the previous year.  This will allow you to see the percentage change (at least 25% decrease) to determine if you qualify for applying for the new round of PPP funds.  Covering both the QB desktop and QB online process, this quick video will give you what you need as the first step for determining qualification.

Finally get rid of that annoying beep and other settings that may be keeping you from doing your most efficient work.  From date settings to pre-filled account preferences, one-time messages to leaving out the decimal point it can all be found in one spot and adjusted by YOU!  This video will show you how to review those settings and get QuickBooks desktop working the way you want it to!

Congress has finally passed the long awaited second (or is it third) stimulus bill.  And while it is still awaiting presidential signature, the parts affecting small business are not likely to change.  In this video I review the new rules regarding PPP forgiveness and taxability, as well as the opportunity for applying for additional PPP funds in the future.

A much talked about and finally released feature in QBO is View Statements which allows you to download bank statements (or credit card statements) from connected banks.  This saves you time in downloading and saving the statements directly from the bank account prior to reconciling.  After reconciling, you can even attach the bank statement directly with the reconciliation report.

For a list of banks connected as of December 9, 2020 click here:

https://digitalasset.intuit.com/DOCUMENT/A6XziRfkN/ProviderList-USA-Dec_09_2020.pdf

In a cloud environment it's sometimes hard to know where uploaded documents are saved.  Be safe, rather than sorry, and learn how to export your attached documents out of QB Online to archive them for backup.  Also, learn where the documents attached in your QuickBooks Desktop file are saved on your computer to make sure your backup is capturing that folder.

The year is almost over and that means you need to be ready for reporting requirements that start in January!  Find out what's new for 2020 including information about the 1099-NEC and the most helpful form you will need to complete your 1099s this year.  See a demonstration on how to set up 1099 tracking in both QuickBooks desktop and QuickBooks online so you can be ready for the filing season.

https://www.irs.gov/pub/irs-pdf/fw9.pdf

https://www.irs.gov/instructions/i1099msc

Keyboard shortcuts aren't dead!  They can save you keystrokes and mouse-clicks which will add up to saving you time.

Check out a complete list of QuickBooks Desktop shortcuts here: https://quickbooks.intuit.com/learn-support/en-us/write-checks/keyboard-shortcuts-in-quickbooks-desktop/00/202588

Check out a complete list of QuickBooks Online shortcuts here: https://quickbooks.intuit.com/learn-support/en-us/configure-products/keyboard-shortcuts-for-quickbooks-online/00/185619

There are two months left in the year and a few housekeeping things that should be added to your to-do list.  Budgeting, 1099s, Tax Planning and PPP Forgiveness should all be a part of your end of year routine.  If you want to begin 2021 ready for whatever it brings and in the right frame of mind to make things happen, get these things done before year end.

Tackling the paper that is involved in the accounting process can be daunting.  Learn how to attach vendor bills inside of QuickBooks Online transactions for easy reference and organization.