From the daily archives:

Sunday, October 17, 2010

QuickBooks Tip: Cash Basis Balance Sheet for A/R or A/P

by Lynnea Bylund on October 17, 2010 · 5 comments

What can you do if you do have an Accounts Receivable balance on your Cash Basis Balance Sheet? First, modify the following report, to help you locate the transactions making up this balance: From Laura Madeira’s QuickBooks 2010 Solutions Guide – • Select Reports, Company & Financial • Select Balance Sheet Standard • Click the […]

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Small Business IRS Audits Increasing

by Lynnea Bylund on October 17, 2010 · 9 comments

To add more stress for small-business owners, a new report from Syracuse University’s Transactional Records Access Clearinghouse (TRAC) highlights a troubling trend: In the last five years, the number of hours the IRS spends auditing small businesses (with assets under $10 million) has increased by 30 percent. In the same time period, the time the […]

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