Cover Your Assets Business Consulting

08/11/2025

I am sure everyone has heard about all the tax law changes. I will try to keep you informed here as I learn more about what is changing and how it is changing.

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07/22/2025

Something new in QuickBooks Online.

Hi Cindee,
We’d like to let you know about improvements to the deposits on estimates feature.
What’s happening?
Based on feedback from customers, we’re adding a new option for deposits on estimates. Starting on July 14, 2025, you will be able to choose whether deposits on estimates will be recorded in a liability account or automatically converted into an invoice. This change will enable you to control how deposits are handled to fit your clients’ specific business needs.
If you choose to automatically convert deposits into an invoice
When you receive a deposit on an estimate, it will automatically be converted into an invoice and recognized as income.
If you choose to record deposits in a liability account
The funds your client collects as a deposit will be recorded as a liability until they are ready to recognize the deposit as income and convert the estimate into an invoice for the requested goods or services.

If you or your client have already been using deposits on estimates for some time, you should not experience any change to your current functionality and workflow. However, if you notice a change in the linking of estimates and invoices, please follow the instructions below.
How to choose an option for how deposits on estimates are handled
You can choose how deposits on estimates are handled by taking the following steps. Note that this setting will apply to all future deposits received on estimates.
1. Select the Gear icon to go to Settings and select Sales.
2. Select the Pencil icon in the Deposits on Estimates section to edit your settings.
3. Use the toggle to set whether to auto-convert estimates to an invoice when deposit is paid.
Please note that the rollout of these changes will occur in phases starting from July 14, 2025. You or your client may see these changes implemented at a slightly later time.

If you have any questions please feel free to reach out.

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03/08/2025

Tax time got you down? Let me help ease the stress. As a small business owner I know how important it is to keep your books in order all year long. It not only makes tax time easier but affords you the opportunity to see where you are each month.
Come talk to me. I offer free consultations. :)

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11/02/2024

Do you have taxes from past years you have yet to file? Look no further. I can help with that.

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05/09/2024

Tax time has come to an end, with the exception of extensions. It is now time to get your books in order and keep them that way year around. Have you ever needed a set of financials for a loan? I am here to make sure your books are clean and well reconciled for financials at a moment's notice. Helping you grow is my business.

01/31/2024

Hi everyone. I am back in business. If you have any questions for tax time let me know. I will be happy to help. I am also open for new clients both one time service or on going service. I am here to help you grow.