Insights

I’ve Hired My First Employee, Now What?

Congratulations! Hiring staff is a big step and a big responsibility. You are now in charge of someone else’s livelihood, which is a daunting thought. Your company is growing, and it isn’t just about you anymore. Hire well. Your employees represent you and your company. Making the right hiring choices can make or break you.…

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What is the difference between Enhanced and Assisted Payroll?

  Intuit Enhanced Payroll and Assisted Payroll are the two versions of Payroll available from Intuit for QuickBooks desktop accounting software versions which include: Pro, Premier and Enterprise. QBO (QuickBooks online) has its own lineup of payroll products which I will cover in another blog. Intuit Enhanced Payroll is an inexpensive payroll solution, providing updated…

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Why Should I use QuickBooks Payroll?

QuickBooks has various payroll solutions that are made to work with QuickBooks accounting software, creating a fully integrated system. Logging into only one system eliminates the need for double entry and reduces errors. QuickBooks Desktop and Online Payroll products are easy to use. However, I do recommend getting help with setup, especially if you offer…

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Journal Entries – What, When, Why and How?

Journal Entries – What, When, Why and How?   QuickBooks®, for ease of use, has a special form for every type of transaction: Check, Bill, Bill-Credit, Invoice, Credit Memo, Sales Receipt, Paycheck, Credit Memo, Credit Card Charge-Credit, Bank Deposit, and Journal Entry. The advantage of using the forms for the various types of transactions is…

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Build Your Business! Live Your Dream!

Our new ONLINE training course is launching by year-end!   Our mission at Fiscal Foundations has always been to “improve the success and success rate of small businesses!” Since 1994, we’ve trained business owners and bookkeeping staff in over 650 local businesses through our onsite consulting services, and several thousand more through our 1500+ member Meetup…

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QuickBooks Online vs Desktop: How They Compare

QuickBooks Online vs Desktop: How They Compare   The biggest difference between QuickBooks Online vs Desktop is that Online requires no installation on a computer and Desktop does. Product-based businesses with inventory needs typically work better with QuickBooks Desktop, whereas service-based businesses or businesses that use multiple devices typically choose QuickBooks Online. Psst… If you…

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2015 and Beyond: The New Formula for Success!

NEW TRENDS = HIGHER PROFITS + MORE EFFECTIVE BUSINESS MANAGEMENT We just returned from the annual conference, led by the Woodard Group, for the National Advisor Network, the QuickBooks® ProAdvisor group trained and certified by Intuit. Fiscal Foundations, LLC is the leader of the local chapter of ProAdvisors here in Minneapolis/St. Paul. We were fortunate…

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Introducing Strategic Business Services

Linda and I are thrilled to announce the introduction and roll-out of Fiscal Foundations Strategic Business Services (SBS).  This is a new division of Fiscal Foundations.  As you know, all of us at FF are committed to helping small businesses and non profit organizations succeed – and we do this by ensuring that our clients have…

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MN Unemployment Audit – 1099 Independent Contractors

Just went thru another Minnesota Unemployment audit with a client. Ugh. No one wants to see the audit letter or the auditor. This auditor gave me hope by giving me explanations in plain language on how to treat 1099 independent contractors. No matter what the “contractor” is trying to convince you of. A true 1099…

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