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Use Accounting & Bookkeeping Principles to Run Your Small Business in QuickBooks/Quicken (PC/Mac)Featured
From
Keith Gormezano
Subject: Seattle Intuit QuickBooks Classes
Ages: 18 to 99 year olds
Learn how to solve some of the following common accounting and bookkeeping and financial management software issues and problems for start ups, entrepreneurs, new small businesses, and existing businesses including payroll, creating invoices, receiving payments, making deposits correctly, and producing meaningful reports. All in an one-on-one or two setting at your work place.
Get a general overview about why it is important to understand accounting and double entry bookkeeping principles in order to manage and grow your business.
Understand common tax deductions such as start up costs, two ways to properly record the owner's contribution in your books and how to take money out tax free, when a computer is an expense versus a asset which can affect your year end income, mileage and auto deductions, what you must do to qualify for taking meals and entertainment expenses, using retirement plans to reduce your taxable income, when to deduct travel expenses and education, medical insurance, and other ways to lower your taxes.
Find out how to pick the right QuickBooks program (there are five plus many sub categories) for your business and converting company files from other software programs such as Peachtree, Microsoft Small Business Accounting, and Quicken (and get QuickBooks for you at up to 20% off retail as well as free trial copies if you want to use it to keep track of your common household expenses);
Set-up your initial financial Chart of Accounts applicable to your business (something software can't personally provide) including bank, petty cash, employee advances, fixed assets and other assets, credit cards, short and long term loans, payroll liabilities, sales tax payable, and other liabilities, taxable and non taxable sales or services, fixed or nut expenses (the bills you have to pay every month) versus variable expenses and setting up tax lines that are tied to most accounts to make it easier to file your own income tax returns and save on your accountant's fees;
Explain why your chart of accounts should be numbered and when you should use classes to track different aspects of your business;
Set up your accounting software for On-line Banking for real-time knowledge on where your account balances currently are at including some credit cards (unless you like to pay over limit and NSF fees);
The proper way to record personal credit card charges and checks written so you can reimburse yourself;
Show you how to turn on certain accounting preferences in QuickBooks related to your business;
Establish correct service, inventory, non-inventory, other charge, discounts, and sales tax items, classes, and adjusting Inventory (and if you sell informing you why it is important to keep track of your shipping costs);
Job Costing and Estimates (and explaining how to convert your estimates into an invoice);
Bank, Petty Cash, Credit Card, and other Account Reconciliation;
Bill and Credit Card Posting including matching up net credit card receipts to customer charges;
Show you how to design your own customized Estimate, Invoices, Sales Receipts, and Statements with your company logo;
Demonstrate the proper way to receive and deposit payments so you don't double up their income like 10% of my clients;
Teach you how to set up and file your City & State B&O and Sales Taxes;
Online Payroll and direct deposit through QuickBooks whether you are one employee, three, five, or 18 and setting up the right payroll items so you can track your liabilities and expenses and taxes related to having employees;
Use QuickBooks to either prepare directly or prepare reports you can use to file your Payroll Taxes and Forms (Unemployment, Worker’s Comp, & IRS) and pay them online;
Filing and organizational advice to keep your financial and office files in shape (such as using color tabs for certain types of files such as green for customers, blue for vendors, etc.);
Preparation of monthly, quarterly, and year end management financial reports including profit and loss, balance sheet, cash flow predictions, and who are your most profitable customers or job productivity.
Anything else? And yes, I come to you.
Reviews
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HIGHEST INTEGRITY
i emailed keith gormezano with an issue i was having with a DOS program MYM10 and converting it to Quicken...
– MJO -
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Great Advice
Keith was able to help me out with my questions. His advice set me in the right direction.
– Jeremy Stocker