If you ask your tax preparer to explain the difference between your True Income and your Taxable Income they should be able to easily answer this … [Read more...]
Office Hours 1-28-20
Here is the recording for Office Hours today. You can find the following wine accounting & QuickBooks topics in this month's recording: Units … [Read more...]
Cash Basis vs Accrual
In honor of tax season, I am unlocking a lesson in the How To Calculate the True Cost of Your Wine so that everyone can hear this information. This … [Read more...]
2020 California AB5 and Independent Contractors
On January 1st, 2020 California AB5 or the "gig worker bill" went into effect. This means that your weekend warriors can no longer qualify as … [Read more...]
California Sales Tax MAJOR CHANGE
The CDTFA (California Department of Tax and Fee Administration) made a significant change in the sales tax rules effective April 1st. Click Here for … [Read more...]
Reset Inventory Accounts in the New Year
There is no hard close to the QuickBooks file at the end of the year because that is how QuickBooks works. However, resetting the inventory accounts … [Read more...]
Journal Entry to Transfer Winemaking Cost to Balance Sheet
On my recommended Chart of Accounts, the wine making costs are in the "Other Expense" section of the chart of accounts. These costs are really … [Read more...]
Office Hours 12-18-18
Here is the recording for office hours. The topics that came up were: Year-end Quickbooks Costing Class Quick Rundown Juice Flow & … [Read more...]
Clear Old Transactions in Accounts Payable
This is a companion video to the Year End Preliminary Checklist. Go here to find that post Year End Prelim Checklist. In this video I show how to … [Read more...]
Clear Old Transactions on the Bank Reconciliation
This is a companion video to the Year End Preliminary Checklist. Go here to find that post Year End Prelim Checklist. In this video, I show how to … [Read more...]