Tag Archives: reporting

Update Accounting Reporting Period Settings in QuickBooks Online

This article addresses how to update your business accounting financial reporting period settings in QuickBooks Online. There are two basic accounting reporting periods for businesses: Fiscal and Income Tax. Most of the times both the fiscal and income tax reporting periods will simply coincide with a calendar year, much like for your personal tax returns.

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Accrual-Based Reporting vs. Cash-Based Reporting

Every business owner needs to understand accounting recognition methods and choose the one that will best fit their company structure.  In making this decision, you will answer WHAT you will be recognizing as earned revenues/sales and expenses.  This is an important decision, as your recognized numbers are the ones you report to outside agencies, such

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