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The more time you as a business owner have to spend on invoicing, bills, inventory, and payroll is less time you have to grow and tend to your business. The good news is that QuickBooks Online can streamline this work all in one place. It is a powerful tool for a business owner but only if you know how to use it to its full potential. QuickBooks Online can set up recurring invoices with reminders, send online invoices that can be paid online which allows you to collect money quicker and easier. The software can do these things and much more, but where do you find knowledgeable professionals who are willing to teach you to get the most out of your QuickBooks Online?  Throughout the year Pathways Consulting LLC host many seminar for beginner to intermediate users of QuickBooks Online to teach you how to sync with your bank, track your expenses, send professional invoices, access QuickBooks Online from multiple devices, allow multiple users to access your file and much more. The seminars will be limited in size as this will increase the amount of personal time that can be spent with each participant. If you are interested in attending please keep your eyes on our social media and home page.
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I think we can all agree that none of us want to be audited. We all understand that it is necessary, but we do not want to be the ones on the chopping block. The California government now shares your view. California has made a massive accounting error that is going to affect the state’s residents for the foreseeable future. The program most effected will be Medicaid. California ended up with a deficit of $1.9 billion.  There was not a single accounting error, but several that compounded on themselves. Since Medicaid is joint funded the Department of Finance did not account for the amount the state owed the federal government for their share of the drug costs. California needed to pay the federal government $487 million in rebates from drug makers. They also under costed one of their new programs and double counted their expected savings. As you might expect that is a poor combination. Unfortunately, the tax payers are going to be the ones to foot the bill for years to come all because of an accounting error. Moral of the story is always have a good accountant around they can save you a huge headache.
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AuthorThe Pathways Team Archives
September 2020
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