Frederick Ott

1. Transaction Tips Get in the habit of adding brief memos to your transactions in QuickBooks. A simple note like 'Client lunch - Smith project' or 'Office supplies - printer ink' takes 5 seconds but saves hours of head-scratching later when you're trying to remember what a transaction was for. Your future self will thank you. 2. Tower Transformation There's life in the Humana Building downtown.  Shhheewwww. It sounded like another office building was going to be vacant and would surely sit...

1. Filing Fixes For all my business owners, the last two weeks were probably not a lot of fun trying to file 1099s. It begs the question; does it need to be this difficult? No.Collect W-9s as you pay contractors throughout the year. It is that simple. Ask for a W-9 and withhold payment until you receive one. Accurately track your expenses within an accounting software (We use QuickBooks Online). At the end of the year, push a couple buttons, and ta-da… 1099s filed within an instant 2. Fore!...

Remote Retreat! Reconciliation Rundown Reconcile your accounts. This essentially means making sure your QuickBooks bank feed matches your actual bank/credit card statement. Reconciling accounts is an easy way to stay on top of your QuickBooks data and ensure it is correct. We do this for our clients on a monthly basis, but you can do it as frequently as you like. " Reconcile " lives in the "Transactions" sub tab within the QuickBooks Online software. 2. Remote Retreats For anybody that...