Quickbooks can take you to the next level in making, recording and tracking all your business financials. Recording entries is so much easy that with just click of a button you will have everything managed. And more over it provides you with the cloud benefits as well, thus you take your business accounting where ever you go. It not only helps you recording your inventory or tracking your invoices but allows you to manage your taxes as well.
Being the small business owner, it is very crucial to make estimated tax payments, not only it makes your life easier but helps your business feel a lot less pressure. Though there are many ways to record and track your estimated tax payments but here we will go through the process of recording them in Quickbooks.
Follow the steps:
If you are not of the view of creating a new equity account then you can simply record your entries in the Other Expenses account. To do that create the account and track your taxes. This kind of account is especially helpful for those running a sole proprietorship firm. Inorder to create an account within your quickbooks company file:
There are several advantages of creating an Equity account over Other Expenses account. These are as follows:
Need more help…? Then get in touch with us at our tollfree number @1800-940-7442. Our quickbooks proadvisors from Canada will then get in touch with you and help you resolve your issue.
What is Qbpro?
We are a Quickbooks and TurboTax consulting firm that takes care of all the issues that people might ever face within these programs. If you are using any of the above platforms and are continuously faced with bugs then we are here to help. You can connect with us for errors related to Quickbooks or TurboTax via any of the medium below:
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We are proud to announce that we are covering entire Canada. Thus if you face any issues now, give us a call as our proadvisors work 24/7 to get your issues fixed.
Disclaimer: QBpro.ca is a reputable QuickBooks® Consulting firm that provides professional support services related to your accounting software. It is also a front-runner in providing 3rd party technical support services for quickbooks.
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