Exporting Reports from QuickBooks Online: A Complete Guide
For business owners and financial managers, the ability to export reports from QuickBooks Online (QBO) is essential for in-depth financial analysis, presentations, and record-keeping. QuickBooks Online simplifies this process, allowing users to export various financial reports easily. This article provides a step-by-step guide on exporting reports from QBO, and how Ledgerive’s remote bookkeeping and tax […]
Strategies for Cryptocurrency Companies to Align with Conventional Financial Institutions
The integration of cryptocurrencies into traditional finance has seen significant milestones, with the recent approval of the first spot Bitcoin exchange-traded funds (ETFs) in the United States on January 10 being a notable example. This decision by the U.S. Securities and Exchange Commission (SEC) could potentially lead to increased capital flow and more institutional involvement […]
H&R Block Faces Allegations of Misleading Advertising for ‘Free’ Tax-Filing Services
The Federal Trade Commission (FTC) in the United States has recently filed a complaint against the tax preparation company H&R Block. The FTC accuses H&R Block of misleading consumers with the marketing of its online tax-filing software, which is advertised as free but often incurs charges for many users. According to the FTC, H&R Block’s […]
Bookkeeping Services – An Essential Element for Business Success
Bookkeeping is a crucial, yet often overlooked aspect of running a successful business. At its core, bookkeeping refers to the systematic recording and tracking of financial transactions pertaining to a business. While many business owners view bookkeeping as a mundane, number-crunching job, having proper and diligent bookkeeping practices in place is fundamental for long term […]
12 Signs You Need to Hire an Accountant
As a business owner, you handle a lot of responsibilities on your own to cut costs. But there comes a point when DIY accounting starts hindering your business’s growth and productivity. How do you know when it’s time to hire an accountant? In this blog post, we will share 12 clear signs indicating you need […]
Efficiently Handling Payroll in QuickBooks Online
Managing payroll is a crucial aspect of any business operation. With QuickBooks Online, this process can be streamlined to ensure accuracy and compliance with tax laws and regulations. This article will guide you through the steps for handling payroll in QuickBooks Online. Additionally, we will introduce Ledgerive, a firm that offers expert remote bookkeeping and […]
Maximizing Financial Management with QuickBooks Online’s Chart of Accounts
The Chart of Accounts in QuickBooks Online is a fundamental tool for any business’s financial management system. It serves as the backbone of your accounting records, organizing your financial transactions in a clear and accessible way. Understanding how to effectively utilize the Chart of Accounts is essential for accurate financial reporting and analysis. In this […]
Recording Refunds in QuickBooks Online
Handling refunds is an inevitable aspect of business operations, and accurately recording these transactions is essential for maintaining precise financial records. QuickBooks Online provides a user-friendly platform to record refunds efficiently. This article will guide you through the steps to record a refund in QuickBooks Online and introduce Ledgerive, a firm that offers specialized remote […]
Understanding Income and Expenses in QuickBooks Online
Navigating the financial landscape of a business requires a clear understanding of its income and expenses. QuickBooks Online, a comprehensive accounting software, makes tracking these elements straightforward and efficient. In this article, we will explore the differences between income and expenses within QuickBooks Online and how this understanding is crucial for sound financial management. Additionally, […]
IRS Chief Reports Over $150 Billion in Annual Tax Evasion by Wealthy Individuals
The Internal Revenue Service (IRS) is intensifying its efforts against tax evasion, particularly targeting the nation’s wealthiest. IRS Commissioner Danny Werfel revealed in a CNBC interview that millionaires and billionaires are evading taxes totaling over $150 billion annually. This tax gap significantly contributes to government deficits and creates imbalances in the tax system. With new […]