Do you use PayPal to accept payments in your business? If so, you probably already know what a headache it can be trying to connect it to Quickbooks (never mind trying to manage the transactions)

Don’t worry – it’s not just you!

There are actually at least THREE different ways to connect and manage your PayPal account in Quickbooks (confusing, right?).

So if you’re struggling with PayPal, or trying to figure out which is best for your business, here’s a quick overview of

If you read our FB posts the last couple of weeks, you will know that we have talked about being prepared for your taxes. AND how some businesses’ taxes will need to be done by 03/15 instead of 04/15 depending on their structure.

Here are the questions we shared:

WHAT IS YOUR BUSINESS STRUCTURE?

LLC? S-Corp? Something else? This will affect when you file your taxes, and what kind of tax documents you’ll need to file.

DO YOU HAVE ALL

Did your blood pressure spike just by reading that date?

For many business owners, April 15th is associated with guilt, panic, and stress.

But what if didn’t have to be? What if April 15th was just another Thursday, no sweat?

What if your business’ financial records were completely ready and sent to your CPA before January even ended?

What if your accountant filed your 2020 taxes in January – and you received a tax refund by Valentine’s Day?

Or, even if

If your business is doing the mingle jingle, it’s time to STOP! You know, co-mingling funds…. EEK!

Everyone knows (or at least SHOULD know) that you need a separate bank account for your business finances.

But do you know how to pick a bank that will be a good fit for your unique business needs?

If you’re not sure which questions to ask, or how to weigh and compare bank features, then this link should help – it’s a list of questions I recently

Ever wish your bookkeeping + financial software was more like Siri? Especially for your business finance questions?

Like, “Hey Siri – how can I reduce my business expenses?”, or, “Hey Siri – how can I increase my business’ profit margin?”

Here’s the good news – as long as your bookkeeping data is up to date, your financial reports can act as a “Siri” for your business finances. All you have to know is where to look!

Here’s a couple of examples:

“Hey, Siri

Sometimes you just gotta write it off…..

Did you know that 16% of invoices don’t get paid?

Think about it – you get paid for 8 invoices in a row, no sweat. But when you send out that 9th or 10th invoice … the client just doesn’t pay!

And not only are you left in the lurch, you’ve now got this annoying unresolved transaction in your financial records.

So what do you do with that irritating open invoice? Should you delete it?