How to Clean Up Undeposited Funds in QuickBooks Online (Without Making It Worse)

If you’ve opened your QuickBooks Online Balance Sheet and noticed a large balance sitting in Undeposited Funds, you’re not alone. For many business owners, Undeposited Funds becomes one of the most confusing accounts in QuickBooks. I’ve seen businesses with balances that are only a few hundred dollars, while others have tens of thousands of dollars […]

Not sure how to file a 1099? Use this checklist to speed up the process

Contractors are very common in construction and trades businesses. This means it’s important to file 1099-NEC forms for any work you paid for over $600 with check, cash, or ACH. This is not hard to do if you have a Quickbooks Online account. Remember the deadline to file them is January 31st. Let’s go through […]

The Maddeningly Easy Way to Create a Business Budget

You know the importance of keeping a personal budget to keep your spending in check, but have you ever thought about your business? Business spending, especially if you are in the type of business that needs a lot of job supplies such as a contractor or tradesman, can run a business to the ground, and […]