TL;DR Accounting

13

Feb

Apps, BookkeepingGetting Started

When Excel is not Enough

https://youtu.be/5uVRP-z33CA After month-end, do you look forward to lighting up the 80’s hair metal, cracking your knuckles, and loading up Excel so that you can rock those financials? Well, maybe you’re not as excited about rocking the financials as we are here at TL;DR Accounting, and that’s okay. But perhaps you’re wondering if Excel is still enough for you. Is it time to fly the Excel nest and look for a different or more robust piece of software that’s custom-made for bookkeeping? When It’s Time for Reinforcements We’re not saying that you should uninstall Excel — not at all. However,…

Remember: W-2s and 1099s Are Due in January

https://youtu.be/MuBt9iDn4vo Do you have employees? Then don’t forget to file W-2s in January! Do you hire contractors? Then remember that 1099s are due in January! What’s a W-2? You might already know what a W-2 is, but let’s start with a quick refresher: a W-2 is the document that you, the employer, use to report each employee’s earnings to the Federal Government as well as the employee. It shows gross earnings less deductible items like medical premiums, payroll taxes like social security, and other important annual items. A W-2 is not to be confused with a W-4, which is that…

Why should I switch from Excel to Quickbooks?

Why should I switch from Excel to Quickbooks? It’s a common story I hear from clients: I keep track of my income and expenses in Excel. I have all my expenses in Excel and I use Stripe to record my income. While Excel is a powerful tool (I use it everyday), it isn’t ideal for bookkeeping. Small business owners should switch from Microsoft Excel to QuickBooks Online for a number of reasons: 1. QuickBooks saves time and money: Excel requires you to manually record each of your expenses into a spreadsheet. This process is time-consuming, not to mention the time…