As the leaves are starting to fall, and families in our corner of NC are preparing mountain drives to see the changing colors, the narrative of our books is starting to reach the concluding point of the year. In my office, my current project is almost scary to say out loud, so I'll write it instead. I started my first book this summer, and am working with my editor to come out with a comprehensive guide to new business owners looking to start their own business, filled with memories of my own pitfalls and successes. I'm not going to pretend it is all roses, and I'm not someone who glosses over failures to make myself look like a constant success, but I am a believer in sharing our successes and failures for the greater good.

MONROE, N.C. – May 24, 2023 – Certum Solutions, a one-stop shop for business technology using integrated solution stacks and peripheral hardware with QuickBooks software at their base, has awarded a $5,000 grant to Fayetteville, N.C.-based Cape Fear Botanical Garden for encouraging the use of reusable water bottles for healthy hydration and reduced waste.

When you purchase lower-cost assets for your business, you might be able to write off the amount on your tax return to simplify your bookkeeping and taxes. A fun shortcut to help you with tax deductions for fixed assets is called the de minimis safe harbor election. The IRS has guidance in place that determines whether the amount you pay for tangible assets would be considered an amount too small in the eyes of the law. If it is, you may take that amount as a tax deduction, also known as a tax write-off.

We’ll discuss fixed assets, so you know what purchases are acceptable under the de minimis rule; capitalization, so you know how the de minimis rule bypasses it; and the maximum amounts you can spend to stay within the de minimis safe harbor.

In this edition of Katie's Desk, Katie gives her thoughts on the Silicon Valley Bank collapse.

Silicon Valley Bank’s (SVB) collapse late last week was the biggest news most businesses didn’t get to process before the weekend.

Personally, I saw the headlines, moved on, and then only was able to read more and research over the weekend. However, as I dug deeper into the details of the SVB failure, I realized it was more far-reaching that I thought. The good news was that I finished my research feeling confident that our economic policy and the Fed are already at work making customers whole and at the end of the day it is an exciting study of economics in action.

The QuickBooks team released four useful updates to QuickBooks Online (QBO) in January. These changes are targeted at specific subsets of QBO users. Let’s take a look at who benefits from the software changes.

In this video, Katie demonstrates how to connect Salesforce to your QuickBooks Online Advance account and its features.

These kinds of updates can save you a lot of time and help you get paid more easily if you take advantage of them. Goodness knows we could all use a little more rest and peace of mind at the end of the year! As always, let us know if we can assist you with your books, software conversions, or QuickBooks questions.

As 2022 winds down, the team at Intuit QuickBooks® has gifted us a new feature and a handful of updates to make our lives a little easier in the new year.

The first several features are available to all QuickBooks Online (QBO) users, but the last ones are only for QBO Advanced customers.

Our economy has had quite the journey the last few years, and for many professionals that may have entered the workforce during Covid-19 shutdowns, travel might be a newer part of the job description. Even airports seem like they can’t quite get the hang of it (ask me sometime about my trip to Orlando and the missing checked bag that was waiting on my step when I got home a week later).

That being said, I have worked on hacking the airport travel experience lately (no more missing bags for me!) and wanted to provide my tips for a smooth journey, whether you are new to business travel, or you are, like me, learning to travel in a world full of oopsies as we get used to semi-normalcy again.

For so many small business owners, the holiday season brings in more orders, sales and service requests – which means you’re busy. Especially at this time of year, your accounting software should bring more joy and less stress as you manage your business.

In that spirit, Intuit® has released six feature updates that can bring calm vibes to the busy season. The first two features are only available to customers with QuickBooks® Online (QBO) Advanced; the rest are available to all of our QuickBooks Online customers.

We’ve been a proud employer of veterans since the early days of our business, and we love to take this opportunity to thank our two current employed veterans, Patricia Burchfield and Tatyana Kelly, for their service and make them feel appreciated.

OK, so I will be the first to admit that in running this business, and in trying to stay sane the last few years that occasionally I have missed things.

Well, apparently I missed something huge.

Alternate vendors was enhanced a few years ago in QuickBooks Enterprise, and I totally, completely, did not know until this week.

When working with a new client, a lot of times the discussion starts around software and flows, and eventually follows a meandering path back through the annals of my memory to ACC 101.

While accounting software looks fancy and intimidating, there are a few things that we go over that helps. I recently put this up on our company whiteboard, and had several people comment on how helpful it was, so I thought I would try to replicate it here.

Accrual-based businesses report income and expenses according to GAAP, or Generally Accepted Accounting Principles. There are certain guidelines on when a business should use accrual-based bookkeeping, such as when inventory will be kept on hand or when you are above a certain revenue threshold, but many small businesses use a cash-based method instead.

I love working in my office away from home. I said it. I feel like I’m standing in a support group and voicing a personal truth against skeptical faces, but I said it. Stacked next to a vast majority of professionals, my story may be a little different.

We are joining forces with Webgility and Summit Hosting to offer a discount (up to 30%) on QuickBooks Desktop products and QuickBooks Point of Sale (POS). If you’re not familiar with these two QuickBooks Solutions, they’re quite powerful for business owners.

Members don’t have to be CPAs, or even know much about bookkeeping; that’s often left to an outsourced professional. However, since board members are responsible for the HOA’s financial health, they must grasp some key accounting concepts.