Understanding deferred tax assets and liabilities

Deferred tax assets and liabilities may be terms you’ve seen added by your accountant to your small business balance sheet. They are financial items on a company’s balance sheet that exist because the income on the tax return is different than the income in the accounting records. Learn how to evaluate, make sense of, and take [...]

How to Add Your Vendors to QuickBooks Online

You can easily keep track of who your business owes money to by adding your vendors to QuickBooks Online. You can add them one at a time or in bulk from a spreadsheet. Follow this video tutorial to learn the steps to take.

A Step-by-Step Guide to the Accounting Cycle

The accounting cycle, also known as the bookkeeping cycle, helps create accurate accounting data that’s crucial to running your small business. It essentially ensures that all the money passing through your business is accounted for. Learn more about why the accounting cycle is important, how to use the accounting cycle, and what the stages in the [...]

8 Essential Accounting Equations Every Business Owner Should Know

It's usually a given that you didn't start your small business because you love accounting. Even if you have someone else handling your accounting, it's essential to keep your finger on the pulse of your business' viability, as it will help you to be better equipped to manage your business. QuickBooks helps to demystify accounting by [...]

Town of Plymouth’s “COVID-19 Daily Update” – June 15, 2020

In this week’s Monday episode (June 15, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that last Friday, 40 bipartisan senators wrote a letter to the Trump administration asking the SBA and Treasury to make the debt forgiveness process simpler for small business. The original PPP loan application is only three pages long, [...]

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