Bookkeeping Guides for Small Businesses

Keep-handy month-end close checklist for small business, 8 steps: 1 record every sale, deposit, bill and receipt; 2 categorize the bank feed and clear uncategorized items; 3 reconcile every bank and credit card account to the statement; 4 review who owes you and whom you owe; 5 record accruals and adjustments; 6 tie payroll and sales tax to the liability accounts; 7 review the profit and loss and balance sheet against last month; 8 lock the month in QuickBooks Online with a closing date. Records to keep: generally 3 years after filing; employment tax records at least 4 years. Dates: January 15, 2027 fourth 2026 estimated tax payment; January 20, 2027 New Jersey ST-50 for October to December 2026; February 1, 2027 Form 1099-NEC for 2026 payments of 2,000 dollars or more.

Bookkeeping · Nov 9, 2026

Month-End Close Checklist for Small Business: 8 Steps (2026)

A month-end close checklist for small business: 8 steps to close your books each month, from bank reconciliation to locking the month in QuickBooks Online.

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AI in accounting and tax: where it helps and where it stops. Good uses: sorting transactions, flagging duplicates and reconciliation gaps, chasing receipts, drafting summaries. Keep a human on anything you sign, complex tax questions, tax positions, and your personal data. Rules: verify AI answers, watch for AI voice scams, professionals can't rely solely on AI, and tax pros need a written security plan.

Bookkeeping · Oct 15, 2026

AI in Accounting and Tax: What the IRS Says in 2026

AI in accounting and tax: what the IRS's new 2026 AI guidelines say, where AI tools help with bookkeeping, and why you should verify any AI answer before you file.

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Flowchart: four questions to decide whether you need to issue a Form 1099 for 2026 payments, plus thresholds and 2027 deadlines

Bookkeeping · Oct 9, 2026

Form 1099 Preparation Guide for 2026 Payments: The New $2,000 Rule and How to File Right

The 1099-NEC and 1099-MISC threshold jumps to $2,000 for 2026 payments. Who needs a 1099, the 2027 deadlines, and a step-by-step QuickBooks process to file right.

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