BookSmarts Blog

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Managing the COVID-19 Temporary Wage Subsidy in QuickBooks

March 31, 2020

Due to the COVID-19 crisis, the Government of Canada has introduced a wage subsidy for affected businesses. The terms of the subsidy have proven to be dynamic, therefore the best source of current information on subsidy eligibility and calculation is found on the Canada website: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-wage-subsidy-small-businesses.html The purpose of this blog post is to show...

Uh oh! Error 504 Gateway Timeout!

October 30, 2019

Error 504 Gateway Timeout If you’ve received this message you may have a messy browser that needs a good airing out! QuickBooks Online is a web-based (i.e. Cloud) software, so running it relies on a browser that also runs smoothly. From time to time, an overloaded browser history can impede the use of QuickBooks Online....

How to Close the Year in QuickBooks to Deter Further Data Entry

April 2, 2019

We’ve arrived at that time of the year when businesses are wrapping up the books and turning them over to their accountant or tax preparer for finalization and tax filing. In most cases, you don’t want to make any changes to your file after you have given your accountant the go-ahead to finalize the year.*...