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April 18 Tax Filing Deadline - How to Create End of Year Reports and Accountants Copy in QuickBooks

Brianna Loftin - Friday, March 17, 2017

The tax deadline is fast approaching.  Here are instructions on how to get your small business ready to file your taxes using Intuit QuickBooks. 

Prepare End of Year Reports

1. Open QuickBooks App. Click "Reports," "Profit & Loss Standard" and then "Company & Financials." Select "Last Fiscal Year" in the "Transaction Date" drop-down list, and then click "Run Report." After viewing the report, Print, so that you can use it easily while preparing your tax return.

2. Click "Reports" on the toolbar, and then select "Accountant & Taxes." Choose "Last Tax Year" in the "Transaction Date" drop-down list and click "Run Report." Print if you need.

3. Click "Reports," select "Vendors & Payables" and then click "1099 Summary." Then Print your "1099 Summary."

Creating an Accountants Copy 

1. Open QuickBooks, and then click "File" on the menu bar. Select "Accounts Copy," and then click "Save File."

2. Select the "Accountants Copy" option, and then click "Next." Select the last day of the tax year in the "Dividing Date" control box and click "Next."

3. Click the "Save In" drop-down list, and then navigate to the folder where you want to save the accountant copy of the QuickBooks backup. Type a descriptive file name for the QuickBooks file in the "File Name" field. Click the "Save" button to save the accountant's copy of the file.

4. Copy the accountant's copy of the your company QuickBooks data file to an external hard drive or flash drive, and then give the device to your accountant or bookkeeper. Or email the accountant's copy of the file.

QuickBooks Hosting - Access your QuickBooks Anywhere

If you would like for your accountant to access your company files remotely and easily, you may want to look into having your QuickBooks Application hosted so that anyone that needs access can do so easily from any internet connected device. 

Call (866)710-4228, or send an email for more information, or to get started.

Daylight Saving Time Fact and Myth - Why do we do this Again?

Brianna Loftin - Tuesday, March 07, 2017


Our office is re-enacting the annual, "so why do we have daylight saving time again?" story-line.  

I jokingly stated that, whoever came up with the idea of DST, obviously didn't have kids. My boss retorted that it was instated to keep kids from having to take the bus in the dark. Of course I added the common misconception, that it was the farmers that wanted DST so that they could increase their hours of working in the fields, way before buses were even imagined. Apparently I was wrong, and farmers were actually deeply opposed to the time change.  

Another fallacy about the origin of DST is that it was brought about by Benjamin Franklin. He was an incredible man and inventor, but also witty, which was his intent when writing his satirical essay about changing sleep schedules so that Parisians could save money by waking at dawn and utilizing sunshine, rather than staying up late burning through candles.  

Like much of our ingenuity, DST was actually brought about to conserve electricity because of wartime measures during WWI. We have continued to implement the time change so that children do not have to go to school in the dark, and of course walk uphill both ways.  

So it turns out that we all had pieces of the story correct, but not the whole picture. Unfortunately this is ubiquitous for much of history, and society needs to do a much better job of remembering, so that we don't repeat past mistakes, even if it is just not repeating the same discussion you had before. 

My Sources



Houston Livestock Show and Rodeo - Links to Your Favorite Events

Brianna Loftin - Friday, March 03, 2017

There is a buzzing and delicious smell in the air, you know what that means for Houston, TX,  The largest Rodeo in the world is here and in full swing!  

I am not sure that I can choose between my favorite aspects, the delicious Barbecue which is definitely a front runner, I can just taste the smoked sausage, brisket and delicious grilled corn. 

Muttin Bustin'  is probably my favorite Rodeo attraction.  The Livestock Show has pretty much something for everyone,and they have my the best petting zoo. There is a wide variety of animals (not just goats), that are all well taken care of, and not obese from over feeding. 

Definitely grab your tickets for your favorite, artist or just the carnival, we welcome all y'all to come visit and enjoy the show!  




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