Category: Small Business

QuickBooks® Webinars – FALL 2020

QuickBooks® Classes in the Cloud … We are happy to announce our popular QuickBooks® classes will now be available as webinars via GoToMeeting.  The software is free to download. Desktops, laptops or iPads are recommended with speakers on so you can hear the presentation. The 1-1/2 hour webinars are structured around both the topic and…

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Financial Assistance

Financial Assistance Resources for WA Businesses Impacted by Covid-19 Coronavirus. From the office of Washington State Governor Inslee, When a state of emergency or disaster has been officially declared, affected businesses that owe Washington taxes may qualify for [“without the limitations”]: i) A filing extension for excise tax returns ii) A late payment penalty waiver…

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QuickBooks Tips

Each year in the Spring and Fall, local Bellingham QuickBooks® expert, Chris McGee hosts a series of free QuickBooks® users’ groups/workshops throughout Whatcom and Skagit Counties. Some of the class discussions this past year yielded these following QuickBooks® tips: Watch your check marks on customer payments. (QBO – record a customer payment)  Toggle between work…

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When should you change the opening balance in QuickBooks®Online?

Disclaimer: Always seek the advice of a CPA and/or an accounting professional before making any changes to your opening balance. The following is intended for general information purposes only and does not replace the counsel of a professional. Before changing the opening balance of a bank account, which is not normally recommended, it’s prudent to…

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20% Off QuickBooks® Clean Up and Catch Up

Have you fallen behind? Take advantage of our special offer and get a 20% discount on our QuickBooks® Cleanup and Catch-up Service. Schedule your free consultation with Chris McGee today at (360) 303-5798. Offer valid September – October 31, 2019. ProFound Impact is the business consulting division of Bellingham, WA based financial and managerial accounting…

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How To Set-up or Clean up Chart of Accounts In QuickBooks®

Chart of Accounts COA Set-up/Clean up in QuickBooks® “Great business decisions are founded on accurate data! ” ~ Cindy Brooks, Mt Vernon, SBDC The Chart of Accounts (COA) is a complete list of a company’s accounts and balances. It classifies business transactions and informs the financial reports, making its accuracy critical to your business. Learn the best practices how…

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How to Fix Reconciliation Discrepancies in QuickBooks®

What is a bank reconciliation and why is it important? It’s the comparison between your money/cash business transactions (book balance) and those of your bank (bank balance). When the amounts match or are the same then they are in balance and your account is described as reconciled. How to fix reconciliation discrepancies. What if your…

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