Get paid quicker thanks to PayPal and QuickBooks Online

Not being paid on time? Constantly having to chase debtors? Then integrating QuickBooks Online with PayPal could be the solution you are after. How does it work? Accept Payments with PayPal is a new app, developed by Intuit in partnership with PayPal, which extends online payment capabilities to your QuickBooks Online account as well as automatically imports data from your PayPal account into QuickBooks Online. The app syncs your PayPal transactions with QuickBooks Online. Once activated, this one-way integration monitors your PayPal accounts for sales, bank transfers, and expense transactions.

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EOFY is coming! Handy SME tips to take the stress out of this year’s tax return.

Tax time is fast approaching, and despite all your best efforts and your promise to be organised this year, you realise that you’ve let it slip. It’s okay, we are human after all. The key to not only surviving but thriving through tax time is organistation. Organisation will take the stress out of the situation and will ensure you remain level headed. Before you even consider submitting your business tax return your finances will need to be reconciled and checked for accuracy.  If you haven’t done this, don’t panic there is plenty of time to get this completed before the deadline.

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What’s new in the world of QuickBooks Online?

Quickbooks Online is at the forefront of modern technology thanks to its innovative cloud bookkeeping software solutions. Did you know that Quickbooks Online can run on your desktop, tablet and mobile devices? Save time running your business and achieve that work/life balance you deserve Thanks to new updates to the Quickbooks Online app, you can see the same information on your tablet or smartphone as you do on your computer. This means you can do all your invoicing and quotation all from your mobile device.  Why download the app? It is free and available on both Apple and Android devices The interface is similar to the desktop version, ensuring no… Read More

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Why you need a bookkeeper from day one

As a business owner, I appreciate that spending money on services can be a daunting predicament. Sure, in the short term, it may seem like a good idea to do your own books. But what by doing it yourself you are actually missing out on uncovering opportunities that will result in growth, greater profitability and sales? How you might ask. It’s simple. A bookkeeper undertakes training and has the knowledge required to understand the laws relating to Goods and Services Tax (GST), Business Activity Statement (BAS), Superannuation and Pay As You Go (PAYG). A bookkeeper will also understand the latest advances in cloud bookkeeping technologies. Better yet, a skilled bookkeeper… Read More

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What is a Chart of Accounts (COA)?

The chart of accounts is a listing of all accounts used in the general ledger of a business. The chart is used by accounting software to collate information into an entity’s financial statements.Accounts are usually listed in order of their appearance in the financial statements, starting with the balance sheet and continuing with the income statement.

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5 important security tips when using cloud software

The recent security breach that resulted in a popular cloud bookkeeping software’s security being compromised, has again shed light on the importance of having security protocols in place. Thankfully, no such breach is yet to occur with Intuit Quickbooks Online. With any software in the cloud, you have to be mindful that you should treat this software with the respect it deserves. Much like you wouldn’t leave your house unlocked or give anyone the keys to your house, you shouldn’t just save your username and password because it is easier than remembering it. You also shouldn’t give your username and password out to other staff. If other staff require access, they should be… Read More

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5 reasons why we love Quickbooks Online

At Quick Bizness Bookkeeping Solutions and our sister business Bookeeping Your Bizy Business, we specialise in Quickbooks Online (QBO). We’ve been using QBO since it launched in Australia in 2013. As a QuickBooks Online Certified Pro-Advisor and a member of the Trainer/Writer Network for Intuit Australia, QBBS represents Intuit as an official trainer for Quickbooks Online in Australia. As we know Quickbooks Online inside and out, we thought we would share our 5 top reasons why we love Quickbooks Online: 1. It’s the perfect solution for businesses of any size: It doesn’t matter if you are a sole trader, have hundreds or thousands of employees, Quickbooks Online can easily be adjusted to meet… Read More

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Thinking of Converting to QuickBooks Online?

I realise that you might have a few questions regarding Intuit’s QuickBooks Online free data conversion service. Converting to Quickbooks Online I have recorded a training webinar geared to the Accountant / Bookkeeper on  free conversions to QBO. Even if your a business owner this will be extremely helpful to you – All that you need to do is go directly to the conversion pages and follow the directions. If you need any help please contact me on lauretta@qbbs.com.au Also I show you how to set up a brand new file – what you need to look at when setting up your new file, hints n tips &what not to do!  … Read More

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