Do you collect tips or gratuities? Those need to be tracked too. Whether you run a salon, cleaning crew, or service-based side hustle, tips count as income—and the IRS expects them to be reported. Ignoring tips can cause tax confusion and make your books look incomplete. With QuickBooks, you can log tips as part of…
Could you show your business is worth today? Clean books make it simple. Whether you’re applying for funding, planning to grow, or just curious—your books should reflect your business’s true value. That starts with consistent tracking in QuickBooks. Track income streams, expenses, and profit margins separately. Use tags or classes to compare different service lines….
Always behind on taxes? Track monthly to stay ahead. Waiting until April to sort through receipts and totals is stressful—and risky. A better move? Use QuickBooks to run profit & loss reports every month and estimate what you owe in real time. We recommend setting aside a percentage of profits as you go—especially if you’re…
Still using your personal name? An LLC is a better way. If you’re growing your business but haven’t formed an LLC yet, now might be the time. It helps separate your personal and business finances—both legally and inside QuickBooks. Once you form your LLC, QuickBooks can be set up with a clean slate: a separate…
Skipping small expenses at tax time? You might be missing easy savings. If you’re not logging small expenses as you go, chances are you’re leaving money on the table. Subscriptions, client lunches, software renewals—even phone bills—can all be write-offs, but only if they’re tracked. Use QuickBooks to snap receipts from your phone, match them to…
Too many uncategorized transactions? A quick clean-up is a must. When your QuickBooks bank feed piles up, it’s easy to feel overwhelmed. But ignoring it means your reports won’t be accurate—and come tax time, that’s a problem. Start by going through just one month at a time. Use “bank rules” in QuickBooks to auto-label recurring…
Want to pay less in taxes? It might be time for an S-Corp. If you’re earning over $60K in profit as a sole proprietor or LLC, switching to an S-Corp could save you thousands in self-employment taxes. But it only works if you do it right—and track it properly. QuickBooks can help you manage payroll,…
Want to write it off later? Track it now. Every missed transaction is a missed deduction—and that adds up. Whether it’s mileage, supplies, or client meals, the key to getting your deductions is tracking them when they happen. In QuickBooks, you can snap photos of receipts on the go, connect your business card, or even…
Here’s what to do if your books don’t match your bank account. If your QuickBooks balance doesn’t match your actual bank account, don’t ignore it. That gap could mean missing expenses, duplicate income, or worse—fraud. Reconcile your QuickBooks account with your most recent bank statement. Look for uncategorized transactions, mismatched dates, or double entries. QuickBooks’…
Have questions?
Give us a call for a free consultation. No pressure, no commitment — just straight answers about your accounting, QuickBooks, or monthly bookkeeping.
(480) 747-3935 · Mon–Fri 9 AM–5 PM
Have questions?
Give us a call for a free consultation. No pressure, no commitment — just straight answers about your accounting, QuickBooks, or monthly bookkeeping.
(480) 747-3935 · Mon–Fri 9 AM–5 PM