QuickBooks Online is the tool I recommend for virtually every NJ small business. But the setup matters — defaults won’t serve you well.
Step 1: Company Setup
Legal name, EIN, address, industry, fiscal year, entity type.
Step 2: Chart of Accounts
Customize to match your business. Delete unused accounts. Add NJ-specific accounts.
Step 3: Connect Bank Accounts
Link business bank and credit cards for automatic importing. Set up bank rules for recurring transactions.
Step 4: Configure Sales Tax
Set up NJ sales tax at 6.625% if applicable. Configure products for correct tax treatment.
Step 5: Customize Invoices
Add logo, payment terms, online payment options. Include NJ business registration if required.
The ProAdvisor Advantage
As a Gold Certified ProAdvisor, I set up QBO with a focus on accuracy from day one. A properly configured account reduces monthly bookkeeping time and makes tax preparation seamless.
Disclaimer: The information provided is for general educational purposes only and does not constitute tax, legal, or investment advice. This content is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Tax outcomes depend on your specific facts and circumstances. Viewing this material does not create a CPA-client relationship. Personalized advice is provided only through a signed engagement letter.
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