3 Steps to Bookkeeping in Excel Embarking on the journey of managing your own business finances can feel daunting, especially when it comes to bookkeeping. But we’re here to make it more simple. With the right tools and knowledge, you can master the art of DIY bookkeeping right from your Excel workbook. Let’s dive into the essential steps to get you started on the right track.   Step 1: Create Your ..read more

Which Bookkeeping Software should you Use? If you’re keen on managing your own bookkeeping but don’t know where to start, this guide is tailored just for you. In this video, we’ll cover the basics of bookkeeping, explore different tools available, and dive into using Excel for your bookkeeping needs.   Choosing the Right Tools   While there are various software options available, we’ll focus on Excel for its accessibility and familiarity ..read more

Missed Tax Deadlines: What You Need to Know Missing a tax deadline can feel like a sinking ship and understanding the implications and knowing how to navigate the aftermath is key to staying afloat. Today, we’ll dive into the specifics of missed income tax deadlines, shedding light on penalties, extensions, and potential remedies.   Penalties for Missed Deadlines   Let’s break it down. When you miss an income tax deadline, you may face ..read more

How the Rich are Saving on Taxes A recent question we received had us take a deep dive into the idea of paying taxes like the rich. But what does that even mean? Let’s dissect this loaded question and explore strategies used by different income brackets to navigate the tax landscape.   Defining “Rich” in the Tax Code   First things first, what constitutes being “rich” in the eyes of the tax ..read more

A Guide to Doing your Bookkeeping in Excel Are you ready to take control of your finances and tackle bookkeeping head-on? Whether you’re a small business owner or a freelancer, maintaining accurate financial records is crucial for success. Today, we’ll walk you through the ins and outs of setting up your own bookkeeping system using the power of Excel.   Step One: Get Started with Incite’s Template   If you’re new to bookkeeping ..read more

Mastering Bookkeeping: A Step-by-Step Guide to Excel-ence Are you ready to take back control of your finances and become a bookkeeping wizard? If so, you’ve come to the right place! In this comprehensive guide, we’ll walk you through the essential steps to setting up your own bookkeeping system using the power of Excel.   Step One: Create Your Template   The first order of business is to create a template in Excel ..read more

What Documents do YOU need to File your Taxes? Welcome, fellow IRS haters! As tax season rolls around, it’s time to tackle the age-old question: What documents do you actually need to file your taxes? Well, strap in because we’re about to decode the mystery for you.   Every year, we field the same question: What documents are essential for filing taxes? The unfortunate truth is, there’s no one-size-fits-all answer. Your tax journey is ..read more

Strategies to Pay Taxes Like the Rich Paying taxes, a universal obligation that transcends almost all boundaries. However, the approach to taxation becomes a nuanced game as one continues to climb the ladder of wealth. In this article, we are going to unpack the intricacies of paying taxes “like the rich.” Rich, a term that prompts us to dive deeper into the layers of the tax code that extend far beyond the ..read more

Adding Transactions and Creating and Editing Rules in QuickBooks Online How to Add Transactions to QuickBooks Online   Once you get logged into QuickBooks Online, the process of adding transactions is the MOST IMPORTANT step in incorporating them into your company’s data. Transactions that sit idly won’t reflect in reports or impact your financial statements. You have to add transactions for your reports to reflect the correct information. For instance, a transfer from checking to ..read more

Need Help Reconciling Your Accounts? A QuickBooks Tutorial We know it’s difficult to make sure your finances are in order and nothing is left behind. As you start the journey of managing your accounts in QuickBooks, reconciliation becomes the cornerstone of maintaining financial records. We’re here to explain reconciliation with precision and make sure your financial overview remains pristine.   Navigating Reconciliation Procedures for Success   You’ll start reconciling by navigating to the ..read more