If you’re still muttering to yourself about the drama that accompanied filing your business taxes, it isn’t too late to streamline the process for 2010. Personal finance expert and lynda.com author Bonnie Biafore has this advice:
“Before you forget, jot down the information you were missing, the reports you needed but didn’t have, and the journal entries your accountant had you record again this year,” says Biafore. “Then, log in to your QuickBooks company file. Set up accounts to track all your income and expenses the way you report it on your tax return. Customize some reports to match your accountant’s requests. And memorize last year’s journal entries so you can reuse them next time around.”
If you don’t already use QuickBooks, Bonnie’s QuickBooks Pro 2010 Essential Training gets you up to speed in setting up your books, running reports, and managing your company files. If you do use QuickBooks, this course offers great advice for getting the most out of all the core features in the latest version.
P.S. If you’re a spreadsheet addict who does all your financial planning and tracking in Excel, lynda.com has courses for Excel users at all levels. Use Numbers? We’ve got that covered. Google Docs spreadsheets? That, too.