Quickbooks, Bookkeeping and Accounting Blog

Some users of QuickBooks 2008 are experiencing problems opening their QuickBooks software today. The QuickBooks loading screen appears and then quickly disappears. 
This problem does not actually have anything to do with QuickBooks itself. Instead, it occurs after installing a Windows Update from Microsoft and is caused by a damaged component of Microsoft .NET Framework 2.0. […]

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The tasks and the workflow which show up on the QuickBooks Home page are meant to reflect how you use QuickBooks for your business. If they don’t do so, then you can customize the QuickBooks Home page so that they will.
To customize the QuickBooks Home page you must be in single-user mode.

Click the Home icon […]

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The QuickBooks Home page lays out business tasks into logical groups with arrows showing how tasks relate to each other. You aren’t required to do things in the order shown, but if you are new to QuickBooks and/or new to bookkeeping, then seeing the order will probably be helpful. Here is a picture of the […]

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The maximum amount of wages subject to social security taxes increased from $97,500 in 2007 to $102,000 in 2008, and is expected to increase to $106,500 in 2009. Here is a look at the maximum wages subject to social security taxes over the last 10 years:

1999: $72,600
2000: $76,200
2001: $80,400
2002: $84,900
2003: $87,000
2004: $87,900
2005: $90,000
2006: $94,200
2007: $97,500
2008: $102,000
2009 (projected): $106,500

The tax rates are 6.2% for FICA and […]

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You can set the QuickBooks Home page to show up when you open QuickBooks, or turn it off if you don’t want to see it every time you open your QuickBooks company file.
On the QuickBooks Edit menu, click Preferences.

From the list on the left, click Desktop View and select the My Preferences tab. Then check […]

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QuickBooks provides a conversion tool which enables you to directly and easily convert Peachtree data folders to QuickBooks company files. In the conversion process your Peachtree data is converted to a new QuickBooks company. Your original Peachtree data files are not changed.
The Requirements
In order to convert Peachtree files to QuickBooks company files, you must meet […]

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Unincorporated businesses jointly owned by married couples are normally classified as partnerships for Federal tax purposes. However, per the Small Business and Work Opportunity Tax Act of 2007 (Public Law 110-28) a “qualified joint venture,” whose only members are a married couple filing a joint return, can elect not to be treated as a partnership for Federal tax […]

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I added 5 QuickBooks tutorials recently, all of which deal with QuickBooks backups and portable company files. Each tutorial covers a specific topic and includes pictures and a brief discussion of things to think about. Links to these QuickBooks tutorials follow:

Backing Up Your QuickBooks Company File When Closing QuickBooks
Schedule Automatic Backups of Your QuickBooks Data
Restoring […]

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The recommended method for giving your accountant access to your QuickBooks company file is via an Accountant’s Copy, which allows you to continue to work in QuickBooks while your accountant makes changes to your QuickBooks file.  You can then import the changes your accountant made into your company file. For information on using the Accountant’s […]

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Restoring a QuickBooks portable company file is similar to the process of restoring QuickBooks backup files, but even easier.
The instructions below walk you the process of restoring your QuickBooks portable company file:
The first thing to do is to select Open or Restore Company from the QuickBooks File menu.

Then select Restore a portable file (.QBM) and […]

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The IRS has a list of common errors people make when preparing their tax returns on their website. Check it out at http://www.irs.gov/taxtopics/tc303.html.
 Some of the most common errors people make are:

Missing or incorrect social security numbers.
Entering the wrong tax from the tables.
Computation errors in calculating the earned income credit or the child and dependent care […]

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If you need to email a version of your QuickBooks company file to your accountant or to someone else, the way to do it is via a QuickBooks Portable Company File.
The instructions below will guide you through the process of creating a QuickBooks portable company file:
From the QuickBooks File menu select Save Copy or Backup.

In […]

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