The analytics review approach can also reveal fraudulent activity or balance sheet errors. In this case, businesses estimate the amount that should be in the accounts based on previous account activity levels. Account reconciliations should be performed regularly, ideally monthly, to ensure financial records are accurate and up-to-date. Such regular and timely reconciliations support financial …

What is Account Reconciliation? Process, Types & Best Practices Read More »

If your prospective bookkeeper does, you should consider what you’d do if they’re sick or call out for other reasons—have a backup plan in case your bookkeeper is out of office. Make sure you’re on the same page about their pricing structure to avoid any billing hassles or hidden costs. Once you get an idea …

How to hire a bookkeeper and tips Read More »

If your prospective bookkeeper does, you should consider what you’d do if they’re sick or call out for other reasons—have a backup plan in case your bookkeeper is out of office. Make sure you’re on the same page about their pricing structure to avoid any billing hassles or hidden costs. Once you get an idea …

How to hire a bookkeeper and tips Read More »

Adjusting payroll liabilities in QuickBooks involves making changes to the recorded amounts of various payroll obligations and ensuring that the financial records accurately reflect the current liabilities and taxes owed. By diligently following these steps, you can ensure that your payroll liabilities are accurately adjusted in QuickBooks Online. This will enable you to maintain accurate …

Solved: Adjust Payroll Liabilities for Taxes Already Paid Read More »