Why Are Bank Reconciliations Important?

Why Are Bank Reconciliations Important?

If you’ve ever seen someone tearing their hair over a reconciliation that just won’t balance, maybe you’ve wondered what the fuss is all about. Why are reconciliations, or “recs” or “recons” as you may have heard, so important? For the purposes of this post, we’re going to focus specifically on Quickbooks Online. Bank Transaction Imports Let’s lead in with something very important that bears repeating. If you are the person who imports online banking transactions into your software, then: Pay careful attention to what you’re doing during the bank transaction import. The bank transaction import is the first step of…
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July 1st, 2019 change to Point-of-sale WA State Sales Tax

July 1st, 2019 change to Point-of-sale WA State Sales Tax

Let me start by apologizing for the ungainly blog title, and then I’ll quote the summary of the change that will happen on July 1st as stated on the Washington State Dept of Revenue website: “Starting July 1, 2019, the retail sales tax exemption for certain nonresidents of Washington state, on purchases of tangible personal property, digital goods, and digital codes, will no longer be available at the point of sale. Instead, these consumers may request a refund from the Department of Revenue for the state portion of the sales tax they paid.” The article goes on to say that…
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Team member spotlight: Geoff

Team member spotlight: Geoff

  Geoff is a fantastic steal for our team, with his experience, knowledge and upbeat attitude. Not to mention he totally is a geek like the rest of us. Why did you decide to become an accountant?   Ever since I was a kid, I always loved to calculate how to play video games and board games optimally for my chosen play style (some call this “min-maxing”). This led me towards a career field that is all about maximizing efficiency! When were you hired for TL;DR?   I started at TL;DR on June 10, 2019. What made you decide to want to…
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