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Before Payroll Part 8: Setting up Independent Contractors in QuickBooks

Two weeks ago I shared with you how to set up employees in QuickBooks, but what if you have 1099 independent contractors? Last week discussed how you determine if a worker is a 1099 independent contractor or an employee? Today I would like to go into how you go about setting up independent contractors in QuickBooks. Before I do begin, I would like to let you know how and why this falls under … [Read more...]

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Before Payroll Part 6: Setting up Employees in QuickBooks

If you have made it this far with me with Payroll, you know we have gone through Employee Automation,  understanding the Cost of an Employee, Payroll Account Applications, Employee Payroll Documents, and Setting up Payroll Accounts in QuickBooks. This post, Setting up Employees in QuickBooks, is the 6th and final post in the "Before Payroll" series I have put together for you to help you think … [Read more...]

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Before Payroll Part 5: Setting up Payroll Accounts in QuickBooks

Today I will help you work on setting up Payroll Accounts in QuickBooks. It is  important that you have all of the payroll liability and expense accounts set up before running your first payroll so that you can track your liabilities and expenses correctly. Getting everything set up right beforehand will help save you trouble down the road as you accrue and pay liabilities. I will help you … [Read more...]

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Accounting Basics Part 4: How to Enter Transactions in QuickBooks

So you have QuickBooks, you have set up the Chart of Accounts, and entered your Opening Balances; now I will share with you how to enter transactions in QuickBooks. You will need to have your bank accounts, credit cards, Paypal account, and loans entered into your Chart of Accounts before you go forward with this, so make sure you are caught up to speed with my previous posts. We will review how … [Read more...]

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Accounting Basics Part 3: How to Enter Opening Balances in QuickBooks

Continuing on from last week when we set up the Chart of Accounts, this post will help you understand how to enter opening balances in QuickBooks. This post will carry on from the prior post, so if you aren't at this point, view the previous posts under the Accounting category to catch up. The idea behind setting up the opening balance is that you have started your QuickBooks file as of a certain … [Read more...]

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