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QBO Update: Attachments

July 8, 2016 By Merrilee Horton

Intuit is constantly making updates and improvements to QBO (Quickbooks Online). ?But every once in a while, QBO issues a new update that?s especially awesome. ?That just happened, and I want to make sure you know about it!

Thanks to this upgrade, you now have the ability to show/hide attachments on all your vendor, customer, and transaction lists. ?Access this new feature with these clicks: Transactions > Expenses > Settings gear > Show More > Attachments. Voila! ?The attachments on your Expense Transactions are all clearly indicated in the attachments?(paper clip) column.? Click the check-box to show/hide attachments.

With this upgrade, you can now attach a file or receipt to each expense transaction, or review previously attached files/receipts with ease. ?You won’t have to dig for them. Cool right?

Let me know if you have any questions about this new feature. ?I’d be happy to walk you through it. ?Or, find more details on the QBO Blog.

Merrilee

Filed Under: Bookkeeping, QuickBooks Online

Minnesota Sales and Use Tax

May 12, 2016 By Merrilee Horton

Have you purchased items for your Minnesota business, say on Amazon for example, and didn’t have to pay sales tax? ?Did you know in those cases you’re required to pay Use Tax?

Use tax is a sales tax on the use of tangible personal property purchased outside one?s state of residence on taxable items that will be used, stored or consumed in one?s state of residence and on which no tax was collected at the time of purchase.? This applies to individuals and businesses alike.? Unlike sales tax, the buyer (either a business or individual) is responsible for remitting payment to your home state tax authority.

Examples of when you should pay use tax:

  • Purchase an item in another state and bring that item into your home state
  • Purchase something from someone not authorized to collect sales tax, such as buying a used computer monitor from someone on Craig?s List or a newspaper ad
  • Purchase an item on the Internet without paying sales tax
  • Purchasing items through mail-order catalogs and sales tax isn?t charged on the purchase

Use tax rules, like sales tax, vary from state to state.? For more in-depth information on Minnesota use tax, check out the following links:

  • Tax Information
  • Individual Use Tax
  • Online and Out Of State?Purchases

Filed Under: Bookkeeping, Taxes

Comments From Happy Clients Who Have Been Rescued…

"I cannot say enough good things about Merrilee and her bookkeeping services. She was with me as I started my own business, guiding and teaching me through the entire process, setting me up for success. Over the last few years as my business has grown and evolved, Merrilee has seamlessly done the same alongside me. She's an invaluable resource, responds within an hour (if not less) when help is needed, and the best part?.....MY WALLET LOVES HER TOO. Worth every penny and more for the astounding … More