Money in: Overview

You’re making sales and getting paid–great! This video shows you how to record sales and payments in QuickBooks. Please follow and like us:

Why Online Banking

Connecting your bank accounts and credit card accounts to QuickBooks helps you do much less manual data entry, faster account balancing, and keeps you always ready for tax time. Please follow and like us:

Intuit QuickBooks Online Accountant Firm of the Future!

Today we are pleased to announce that Polymath is among the top 20 finalists for the Firm of the Future Contest! Check out the official announcement from CPA Practice Advisor magazine to see all of the finalists. We are in very good company. You can also visit the Firm of the Future website to learn more about this award and access …

Why We Don’t Have a Reconciliation Tutorial Video

Some of our viewers have requested a video that provides detailed instructions on how to reconcile their bank accounts.  The biggest reason we do not have a reconciliation video is because we do not recommend someone who is not an accounting professional do their own reconciliations.  There is a certain amount bookkeeping that the average business owner can do on their …

Bills and Expenses with Penny the Practical Professional

Transcript: Ingrid Edstrom: Hi, I’m Ingrid Edstrom, Polymath LLC. This is Penny, Penny’s Pies. Penny: Hi! Ingrid Edstrom: Penny, you had a question about your phone Bill. Penny: Yes, I have a cellphone that I use for my business. I was wondering, when I get the bill for that, do I put it in as a bill or as an …

Bills and Invoices with Penny the Practical Professional

Transcript: Ingrid Edstrom: Hey, viewers, I’m Ingrid Edstrom, Polymath, LLC, and this is Penny of Penny’s Pies. Penny: Hi. Ingrid Edstrom: Today, we’re going to talk to you about invoices and bills. Penny: Yeah! I love talking about invoices and bills. What’s the difference between an invoice and a bill? Ingrid Edstrom: Penny, that’s actually a pretty common question. You’re …

QuickBook’s Bank Rules Feature

Exciting Bank Rule Feature Did you know that you can tell QuickBooks how to correctly categorize some of your common transactions?  Banking Rules are a great tool to use to teach QuickBooks what your transactions should be categorized as and can save you a great deal of time. If you are not sure how to use the banking download window …

Take Control of Your Business

Who is in control? If you have ever sat down with Polymath for an initial consultation you have likely heard us say “you’re holding the keys, you’re driving the bus.”  If you haven’t had a meeting with us, what that means is that we want every business owner to be in control of their own business. We encourage our clients …

New! QuickBooks Online Tutorials

At last!  QuickBooks has finally rolled out some tutorial videos on their basic tools.  This is something Polymath saw a need for over a year ago, and when QuickBooks didn’t produce, we made our own, which you can see on our Videos & Tutorials page.  Needless to say, QuickBooks has a much bigger budget than we have, including animators to …

What Should Your Rates Be?

As independent business owners, there are many challenging questions around how to set our rates.  We need to have a profitable business, and we need to ensure that our customers can and will pay the amount that we are asking.  This is true in both product and service industries. If you are selling a product, what is the correct markup? …

Why Networking?

Transcript: Ingrid:            Good afternoon, I’m Ingrid Edstrom, Polymath Bookkeeping where we take the weight off your shoulders with top notch book keeping services and education. When I first started my business in 2008, I knew plenty about being a bookkeeper and very little about being a self employed professional. Fortunately, I had a client at that time who introduced me …

Partners in Business: Small Business Payroll Administration

Once a quarter, our colleague, Joe Rossi of BBSI, hosts a local, 30-minute television program through Rogue Valley Community Television at SOU titled “Partners in Business”. It’s a talk show format that discusses small business management issues. On May 4th, at 6pm, Ingrid Edstrom was invited to join for a focus on Small Business Payroll Administration. Transcript: Joe:                 Welcome, everyone, to Partners …

Financial Reports for Small Business

The whole point of having bookkeeping software to manage your business is so that you can get the answers you need when you need them.  Regularly reviewing your reports will ensure that you stay informed so that you can make educated business decisions.  The two most common reports that you should be reviewing for your business are the Profit and …

QuickBooks Online Feature Allows Online Payment for Recurring Invoices

QuickBooks Online Feature Allows Online Payment for Recurring Invoices   How To Create a Recurring Invoice Many users are dependent on memorized transactions to save time every month and avoid forgetting a routine task.  Recurring invoices are especially handy if your business is subscription based or you have multiple client who always pay the same amount on a set schedule. …

Episode 13 – Polymath Video Tutorial Series: Changes to QuickBooks Online – Online Banking

Transcript: Welcome viewers to episode thirteen, the bonus episode in Polymath Bookkeeping’s instructional thirteen part QuickBooks Online tutorial series. I am Ingrid Edstrom of Polymath, LLC and Ashland Bookkeeping Services. We are calling this the bonus episode because this is the one that was not included in Intuit’s original QuickBooks Online tutorial series before they made all the changes to …

Secrets of Master Networkers

Transcript: Loren: We’re going to go ahead and cover is, why networking, the common mistakes and pitfalls, and then some of the strategies and tips that the BNI’s network has done, and that you can use those things too. If you’re tired of a best kept secret, then we’re going to show you how to get out of the closet. …

Tracking Gift Certificates In QuickBooks Online

One area where many of our clients get confused is how to manage and track gift certificates using QuickBooks.  This is understandable, gift certificates are a liability that becomes income and tracking them can easily become confusing. Let’s take a look at the full gift certificate process from start to finish using the example of Penny’s Pies. Penny has been …

Internal Fraud Prevention

How to Prevent Internal Fraud We see it in the newspapers every few months: “This great little business just got taken for tens of thousands of dollars by an employee/ contractor/ friend/ family member.” “We trusted them implicitly.  They were like family.” “We feel so betrayed.” Internal fraud happens to small businesses every day, but it does not have to …