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An IRS Audit..and They Require Copies of Canceled Checks
Perhaps you haven't received your canceled checks back from your bank in years, or perhaps your bank has even stopped providing you with printed images of those checks with your bank statement, like mine has - and I must confess I can't even remember when they stopped doing that with our business account - but I do know that it's been several years.
So what happens when during an IRS Audit you are asked to produce cancelled checks to substantiate the payment of an expense?
Continue readingPayroll for Work Hours & Drive Time Invoicing Problem
Entering payroll for normal employee work hours and drive time and passing only the work hours through to client invoices is not only important but confusing. The following question was submitted by a reader who pays from the start of the first job till the end of the last job of the day (not including lunch break). I have my employees fill out a time tracker sheet each day that shows the time started at the first job till the end, drive time in between jobs, so on and so forth. I enter this into QuickBooks but I can't figure out where to enter in drive time to pay the girls their hourly wage on payroll but to not invoice anyone for drive time.
Continue readingQuickBooks Payroll Important System Maintenance Announcement
An important QuickBooks Payroll System Maintenance Announcement - a system-wide upgrade will start at 6 p.m. on Thursday 5/24/2012 and continue through 5 a.m. on Tuesday 5/29/2012 - Direct Deposit will also be effected and don't forget that this is also the Memorial Day holiday weekend!
QuickBooks Payroll will not process direct deposit checks dated for Monday, May 28, 2012 due to the Memorial Day holiday. In order for your employees to receive their paychecks before Monday, May 28, you should change your paycheck date to Friday, May 25 and send your payroll by 5pm PT on Wednesday, May 23.
Continue readingEntering Bills or Checks in QuickBooks – Items vs. Expenses
Can One Certified Payroll Report Meet Requirements in all 50 States?
QuickBooks for Contractors Tip – Receiving & Applying Joint Checks
QuickBooks Payroll Tip – Replacing a Lost Employee Paycheck
QuickBooks Payroll Tip – Voiding Paychecks
QuickBooks Payroll Tip – Tracking Employee Advances or Loans
New Certified Payroll Solution Support Article
Embezzlement, It CAN Happen To You – Tips For Prevention
Payroll Tip-What’s Your Responsibility for Unclaimed Paychecks?
QuickBooks 2011 – New Average Days to Pay Report
Certified Payroll & AIA Billing Updates
QuickBooks Tips – Posting Transactions – Date Sensitivity
Nancy Smyth, Sunburst Software Solutions, Inc.QuickBooks Construction & Payroll Expert
I've been using and supporting QuickBooks products since the early 1990's. I've worked with thousands of contractors, assisting them with QuickBooks setup, Certified Payroll Reporting requirements, AIA Billing and Weighted-Average Overtime.
QuickBooks is a powerful product, but learning how to use it in your construction business can be difficult. I hope you find resources available here to be helpful.
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