QuickBooks Online tip: Get quick access to shortcut keys
There is a quick way to get access to helpful shortcuts in QuickBooks Online. Just press CTRL + ALT + ? at the same time to access it.
Action required for tax form 1099 filers
Effective for tax year 2020, the IRS has changed guidelines for reporting non-employee compensation on form 1099. The government has brought back form 1099-NEC to report non-employee compensation. If you need to file both the 1099-NEC and the 1099-MISC, you may need to update your chart of accounts in QuickBooks. Please review this post for detailed steps you must complete prior to completing 1099 forms for tax year 2020.
QuickBooks tip: Use customer type field for better tracking, reporting
Here is a little used but very powerful field within QuickBooks – the customer type field. Often overlooked, this field can add a whole new dimension to your QuickBooks customer data.
Peak Advisers works with Intuit to get your business paid faster and reduce costs
One of the great things about being a QuickBooks Solution Provider is that Peak Advisers is always in contact with Intuit and the people at the top who know the most about making QuickBooks products work in the best and most cost effective ways for your business.
Ecommerce presence mandatory now as online sales grow rapidly
U.S. consumers who were under stay-at-home orders because of the pandemic shopped heavily online during the 2nd quarter of 2020. The numbers are impressive, making it more important for businesses selling products and services to have an ecommerce presence.
QuickBooks tip: How to clear QuickBooks customer "recon" payments
From time to time downloads from Intuit Merchant Services are duplicated. The QuickBooks Customer transaction cannot be deleted. But you can eliminate the transaction.