January – 1099 and W2 Filing

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 …

Top 5 Reasons to Switch to QuickBooks Online

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 …

Employee Holiday Gifts – Done the Right Way

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 …

Death of a Sole Proprietor

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 …

QuickBooks Online – Change Payee on Multiple Transactions

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, …

QuickBooks Updated – Add Bank Description to Memo

 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. …

Troubleshooting Emailing QuickBooks Invoices

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 …

Sending Feedback to QuickBooks Online

Giving QuickBooks Feedback As most of our regular readers and clients already know QuickBooks Online has recently gone through a huge update.  (If this is the first you are hearing about the QuickBooks Online update check out the Polymath blog from March about the coming changes.) One important thing anytime software goes through a huge update like this is for …

Keyboard Shortcuts for QuickBooks Online

Data entry for bookkeeping is very important and it needs to be accurate.  But it can also be very time consuming.  There are some great time saving keyboard shortcuts for QuickBooks Online that will help you get the right date without having to look at a calendar and with only one keystroke!t: today+ (plus key): tomorrow– (minus key): yesterdayw: first day …

Where is your business without you?

I often tell my clients about the importance of setting themselves up with a bookkeeping system that can continue seamlessly as their business grows and changes. I often ask, “What would you do if your bookkeeper got hit by a bus?” They should be able to work with another bookkeeper if they want, and that should not cause an issue …

bookkeeper

Invoice vs. Sales Receipt

These are common questions that we get A LOT. – What is the difference between an invoice vs. sales receipt? – When should I use an invoice vs. sales receipt? – Why is this money I got from my customer showing up in my QuickBooks twice? They are all very good questions. INVOICE An invoice is what you send to one …

Cash vs. Accrual – Counting Chickens

Some common questions we hear: What is the difference between cash basis and accrual basis? How does selecting cash vs. accrual affect my reports? How do I decide whether cash vs. accrual is better for my business? These are all very good questions! Selecting cash vs. accrual is like trying to decide whether to count your chickens before they hatch …

Upcoming changes to QuickBooks Online

QuickBooks Online is going through some big changes. Some of these changes are AWESOME, others are going to take a bit of getting used to, and a handful are likely to change back as the programmers receive feedback from users like you.  Keep in mind that your feedback is essential to this process, and that most of these changes are …

It’s Never Too Late! 4 Tips on how to stop procrastinating.

Have you been putting something off for a while? Maybe it’s your books. Maybe it’s cleaning your office. Maybe it’s getting your will or personal affairs in order in case of a worst case scenario coming to pass. Whatever it is, the longer you put it off, the more daunting it becomes. You may start to link emotions of guilt, …

Taking Responsibility for Positive Change

What a January! It’s been a wonderful whirlwind getting all of our beloved clients wrapped up for 2013 so we can submit W2’s and 1099’s by the month-end deadline. January is the busiest month of the year for bookkeepers, and while taking care of the needs of our clients there are a few other aspects of Polymath (such as blogging) …

Happy Holidays 2013

Happy Holidays! Best wishes and plenty of holiday cheer to your family from ours. With love and thanks, Ingrid, Sheri, Darya, Penny, & Polly Polymath, LLC: Ashland Bookkeeping Services Please follow and like us:

The illusion of failure

 If you haven’t already checked out the blog on Choice, I suggest taking a peek at that one first. The question comes up, what happens when we don’t succeed? Is failure the end result?  When our choices lead us someplace other than our goal, there are some important things to keep in mind. Goals can change. What do we want? …

Risk –> Growth! Why Fear is Holding you Back.

We often do not recognize the roadblocks that are in our way. Those blocks often have their roots in our fears. Fear of failure, fear of success, fear of being called out on our weaknesses. Being afraid takes a lot of energy. How do you shift that energy from the place of fear to a place of success? Choose it. …