Enjoy the latest issue – Summer 2024 – of our Small Business Newsletter. View or download it here.
There are two upcoming dates that will affect many QuickBooks Desktop users. One is imminent and may require immediate action for those that have not already begun the update process. The second must be addressed this summer. May 31, 2024 There are several versions of QuickBooks that will no longer be supported by Intuit after […]
As of May 6, 2024, Intuit QuickBooks Online released a new layout for estimates and invoices built on an enhanced tech platform for faster feature delivery. Don’t worry, your existing data will remain intact and easily accessible. If you receive QuickBooks payments, you can also add options like PayPal and Venmo, along with other available […]
Are you a business owner struggling to find the time to keep up with your financial recordkeeping? Do you need accounting or bookkeeping assistance but have no idea where to find reliable, trustworthy help? The most efficient solution for you could be using the outsourced accounting and bookkeeping services from SingleSource Accounting, LLC, powered by […]
The Internal Revenue Service (IRS) has recently issued a clear reminder that taxpayers must again answer a digital asset question and report all digital asset related income when they file their 2023 federal income tax return. The question appears at the top of Form 1040 and was also added to additional tax forms for estates and […]
On December 13, 2023, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2023-08, “Accounting for and Disclosure of Crypto Assets.” The amendments in this long-awaited update revise the accounting for crypto assets under U.S. Generally Accepted Accounting Principles (GAAP) to better reflect the economics of crypto assets. Crypto assets, also known as […]
Maintaining a steady cash flow is an integral part of operating a successful business. You must continually monitor your accounts receivable balances and take appropriate actions when customers are not remitting timely payments. Accounts Receivable is money owed to a business for goods or services that were provided. QuickBooks Online (QBO) provides valuable reporting tools […]
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