Quickbooks Tips : Year End Tasks For Filing Taxes Essay
1461 WordsAug 12, 20166 Pages
QuickBooks Tips - Year End Tasks for Filing Taxes
By Nancy Smyth | Submitted On January 04, 2011
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Expert Author Nancy Smyth
The end of the year always adds even more tasks to your already busy schedule, and sometimes it is simply overwhelming and I 've often been asked - "What do I need to do?"
Intuit has built a very good "QuickBooks Year-End Guide/Checklist" and it 's included right in your QuickBooks program by going to the Help Menu and choosing Year-End Guide. Over the next few days, we 'll cover each topic listed in the Year-End Guide, and offer some additional tips on each of the three sections: Tasks to prepare for filing taxes, Tasks to do if you use subcontractors, Tasks to do if you have employees and some Tips for the upcoming year.
Tasks to prepare for filing taxes:
Reconcile all bank and credit card accounts - now really you should have been doing this every month...but if for some reason it 's been several months since these accounts were reconciled here 's a quick way to reconcile multiple months all at once - accurately.
Determine which month was the last month that was reconciled.
Gather all of your bank or credit card