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4 Accounting Transactions that Use Journal Entries and How to Enter them in QBO

Ronika Khanna CPA,CA

Although a good bookkeeper can be invaluable, It has become fairly easy for business owners and their support staff to take on the responsibility of entering day to day transactions while they employ accountants for the more complex aspects of their accounting and tax.

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10 Tips for Setting up Your QBO File for the first time

Ronika Khanna CPA,CA

Digital Download (Ebook) Available at Amazon Quickbooks Online (QBO) is the most popular software used by small businesses. As a corporation, the first month of your fiscal year will depend on your year end date. This can be found by looking at your business’ year end financial statements or corporate tax return.

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Registration now open for Accountex Summit Manchester

Accounting Insight

More than 100 software and service suppliers will be exhibiting, including Sage, Xero, Wolters Kluwer, Dext, IRIS, FreeAgent, and Intuit Quickbooks. In this session, attendees will prepare to revisit some older concepts in preparation for the new corporation tax regime from April 2023.

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AI and automation in accountancy – delivering better value for clients

Accounting Insight

Spotting inaccuracies and writing off debt While systems such as QuickBooks or Xero will display your raw profit and loss data, our system also identifies anomalies. Our software allocates tasks, such as VAT, PAYE, corporation tax, debtors, creditors, etc to respective specialist teams.

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Accountex Summit Manchester programme released

Accounting Insight

For companies – the new corporation tax rates and the need to identify associated companies via family and other relationships. As well as brands exhibiting for the first time; Red Flag Alert, SMA Digital, MyGuava, BSMART, Concero and Kletta.

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20 Essential Tax Facts for Small Business Owners

Ronika Khanna CPA,CA

Ongoing subscriptions like dropbox, google, Quickbooks, etc (assuming they are used for business) and business publications If you belong to a professional or industry organization, these would be deductible as long as they directly relate to your business. Corporations are required to file a separate corporate tax return.

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The Best Small Business Bookkeeping Solutions

xendoo

As a small business owner, your time is best spent on the revenue-generating features of your business— not hunched over a computer screen scrolling through QuickBooks! . Corporate tax preparation . Thankfully, a reliable bookkeeping solution is just a click away. Financial statements .