There are many different facets to the fraud issue for businesses. Check out this article from Legal Shield of 8 Ways To Protect Your Business From Fraud. It is important to note that the eight concerns they list are mostly related to external fraud. The 8 protections that Legal Shield lists are: Loan Scams – The basic rule of thumb …
At our office we get a lot of similar questions, and when we see a pattern of something people commonly struggle with, we like to offer extra help. We have been getting a lot of questions regarding how to handle business PayPal accounts, so don’t worry, you are far from alone in your confusion. Read this blog to get some …
We love QuickBooks Online here at Polymath and many of our clients use it and are thrilled with the product. (Check out 5 Reasons to Switch to QuickBooks Online if you want to learn about why we like it so much.) That said, when choosing an accounting software, the most important factor is whether the software will work for your …
Happy New Year from Polymath! We hope that the last year has been a great year for you, and we would love to be part of your strategy to make this year even better. January is our busiest month here at Polymath. We are going to be working hard to ensure that 1099’s and W-2’s are sent out on time …
You may have noticed that we talk about QuickBooks Online quite a bit. We are fully aware that this is not the only bookkeeping software out there but it is our favorite and the one that we recommend to the majority of our clients. So, why should you switch to QuickBooks Online for your business? It can seem scary sometimes …
Giving Your Employee Holiday Gifts It is getting to be that time of year once again and as a business owner you are considering the best way to show your appreciation to your amazing staff. That is wonderful, and we never discourage appreciation, but make sure that you do it right and account for everything correctly in your books. Things …
For more information about the difference between cash and accrual, check out the Polymath blog on the topic. Make sure to check out all the other great videos in the Polymath QuickBooks Tutorial Series: Episode 1 – The Click Map Episode 2 – Overview Episode 3 – How to Add a User Episode 4 – Sales Receipts Episode 5 – Invoices …
In this episode of the Polymath Video Tutorial Series: Changes to QuickBooks Online we cover how to use QuickBooks Online for paying bills. Please note that this feature is only available in the Essentials and Plus versions of QuickBooks Online, so this is a great video to watch if you are considering an upgrade from the simple start. Not …
In this episode of the Polymath Video Tutorial Series: Changes to QuickBooks Online we cover how to use QuickBooks Online for entering bills and tracking those bills. Please note that this feature is only available in the Essentials and Plus versions of QuickBooks Online, so this is a great video to watch if you are considering an upgrade from the simple …
Dear Polymath Readers, I want to share a story with you that I hope can help you as you make decisions about your business. This summer, I had a friend pass away. She had her own business and was the Sole Proprietor. Death is a funny thing; it really makes you learn a lot about bureaucracy and people. Going back …
In this episode of the Polymath Video Tutorial Series: Changes to QuickBooks Online we cover how to use QuickBooks Online to enter and track expenses. We discuss the difference between an expense and a check, and how to enter both. Make sure to check out all the other great videos in the Polymath QuickBooks Tutorial Series: Episode 1 – …
In this episode of the Polymath Video Tutorial Series: Changes to QuickBooks Online we cover how to use QuickBooks Online to create an estimate to send to your customers. We also show you how to take the existing estimate and turn it into an invoice once you get approval from you customer. Make sure to check out all …
This episode of our 13 part QuickBooks Online Harmony tutorial series covers how to create a deposit. When you create a deposit in QuickBooks Online, it includes batching multiple payments together so that your deposit matches what happened in the real world. This episode also covers how to account for merchant service fees that may have been removed from your deposit …
Added Feature Allows User to Change Payee on Multiple Transactions When looking at your downloaded transactions have you ever wanted to enter a payee and a category for more than one transaction? Well, QuickBooks’ most recent update has enhanced the modify feature to give you the ability to do just that. If you are already using this tool to update multiple categories, …
New feature lets you add the bank description to the memo QuickBooks Online is listening to their customers and making regular updates based on feedback. A recent update that we are very excited about is a feature where you can turn on a setting and have QuickBooks Online automatically copy the downloaded bank description into the memo line of a transaction. …
This episode in the Polymath Video Tutorial Series: Changes to QuickBooks Online covers receiving payments against existing invoices. How do you create receive payment in QuickBooks Online? When do you receive a payment instead of creating a sales receipt? Make sure to check out all the other great videos in the Polymath QuickBooks Tutorial Series: Episode 1 – The Click …
This episode of our QuickBooks Online Harmony tutorial series covers invoices. How do you create an invoice in QuickBooks Online? When do you create an invoice? Why use an invoice instead of a sales receipt? For more information about the difference between invoices and sales receipts, check out the Polymath blog on the topic. Make sure to check out …
Hey QuickBooks fans! We’ve been noticing ourselves and receiving reports from our clients that when emailing QuickBooks invoices and reports from within QuickBooks Online the emails have been getting caught in spam filters. This issue is because an update was made so that when emailing QuickBooks invoices they are being sent with a return address of donotreply@intuit.com rather than the sender’s actual …
In this episode of Removing Money blocks Ingrid and Loren’s fictional client, Penny, learns that she needs to delegate. Like many people, Penny attempts to maintain total control of her business. As a result she is procrastinating on her finances, and that is hurting her business. Ingrid and Loren use EFT (Emotional Freedom Technique) tapping to help Penny get past her blocks and …
In this video Ingrid and Loren talk about a fictional client, Penny, who has fear and anxiety around money. They talk through what brought her to this point and how she can overcome her own fear to help her business thrive. Ingrid and Loren use EFT (Emotional Freedom Technique) tapping to help Penny beat that fear. If you have fear around finances …