Welcome

Welcome to QuickInside Magazine. We hope to be a valuable resource to you. QuickInside wants to give you the words, the tools, the mindset, to survive in an ever-changing world. Quickbooks changed the way business does business. This does not mean everybody changed. Several years ago you could get by without changing with the times. Today it’s not about getting by — it’s about being left behind!

Our passion is to help you get ahead and get to a place called excellence. Explore this e-magazine. Sign-up for our newsletter. Join a forum. Enroll in one of our classes. We are here for you. Read the story »

Multiple Accounts Receivable Accounts

Do you need more than one Accounts Receivable account? If you have more than one location or profit-center, you might consider setting up other Accounts Receivable accounts.

The procedure is simple. Just add a new account to your Chart of Accounts. Choose Accounts Receivable for the Type of Account. Give the new account a different name than the original Accounts Receivable account. You might want to change the name of the original Accounts Receivable account. An example would be to have an Accounts Receivable-Downtown Location and an Accounts Receivable-Uptown Location. You now have two Accounts Receivable accounts. Read the story »

Year End Tips — Form 1099 for Vendors

We are quickly approaching the end of the year. For the next few months, I will be furnishing you with tips on how to make the end of year run as smoothly as possible. A few minutes spent now can save some frustration in the “crunch time.”

This tip is for the preparation of 1099’s. Form 1099 is an informational return required by the IRS. If you have outside consultants or sub-contractors that you pay, you are required to furnish them with a Form 1099.

There is a two-step process in QuickBooks for setting up your Vendor to receive a Form 1099.

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