Our News & Tips Will Help Your Business Prosper
DID YOU KNOW?
An LLC is a legal entity formed under state law and does not indicate the taxing determination. The tax form (1120, 1065, 1120s or Schedule C of 1040) is determined by the number of members (owners) and how the profits are shared.
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QuickBooks uses “Memorized Transactions” to automate entries so you don’t have to remember. The best use of this feature is for the monthly rent, semi-annual business insurance and even annual membership renewals.
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The vendor file, in QuickBooks, allows for an expense account to be assigned. This quickens the data entry process and eliminates errors.
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If you liked what you read, there’s more where that came from! Call Mary Jo Watson at 410-321-8987 or complete the Request for Services form letting us know how you’d like to put these tips into action.
