Payroll & QuickBooks®  Solutions for Growing Businesses

     February 2009 Newsletter
        
Consider QuickBooks
 for your Business

Offered through
ISD181 Community Education

Register by Phone: 218-454-6924
or Online:  www.isd181.org

February Due Dates  
Feb 5 - MN Annual Sales Tax Returns are DUE
Feb 15 17 - Monthly Payroll Deposits are due
Feb 20 - Monthly Sales Tax Reports are due
 o Make Appointment with Tax Preparer
Feb 27 - Mail 1099s/1096 to IRS 
Feb 27 - Mail W2s/W3 to SSA and State
                 

QuickBooks Tip: 
"Close" the Books for Last Year
     Now that bank accounts have been reconciled and the books are ready (or almost ready) for your tax preparer -- "Close" the books to reduce the chance of making an entry to a prior period by mistake. 
     From the EDIT dropdown list --> Select PREFERENCES --> Accounting.  Click the Company Preferences tab.  In the Closing Date section, click the Set Date/Password button.  In the Data section, select the date through which you want your books to be closed (12/31/08).  Leave the Password BLANK, we do NOT recommend a password.  Click OK.
     Changes can still be made to prior periods but a pop up warning will appear.  Any changes will be reported on the Closing Date Exception Report; Reports --> Accountant & Taxes --> Closing Date Exception Report.

Employee Forms  are available at our Links page. 
Hint:  Only the "Earned Income Credit, W5' form needs to be revised each year.

On Line Services are very REASONABLE
          Only 75¢ per minute
         Available 8am to 8pm CST, Monday through Saturday
         Bookkeeping and QuickBooks Questions Answered     
         Check out the Special Rates for Prepaid Packages
                                                                                            January 29, 2009