Class Tracking in QuickBooks® – A Rarely Understood, Awesome Feature
If you need to keep track of your income and expenses by department, location, property, project or event, using classes in QuickBooks might be for you. You can also track your Balance Sheet by class, but it can be problematic. What Are Classes? When you use classes in QuickBooks, in addition to item or account, [...]
Get Your QuickBooks Questions Answered FREE
I want to let you know that there are a few ways to get your QuickBooks questions, even the tricky ones, answered for FREE. That’s right, QuickBooks Experts like myself answer QuickBooks questions for folks just like you every day at no charge. Answer Site #1: Intuit Live Community This is amazingly simple. Visit www.community.intuit.com, [...]
Cost of Goods Sold and Inventory in QuickBooks
If you are having issues with your inventory or cost of goods sold accounts in QuickBooks, you should know that lots of people do! Inventory in QuickBooks is a complicated and sensitive system. I’d venture to say that the majority of QuickBooks users are not accountants, and inventory itself is a complex accounting process. The [...]
Remember to Set a Closing Date Password
Once you’ve completed your year end closing tasks and submitted your financial statements to your tax preparer, it’s important to set a closing date password. Setting a closing date password doesn’t prevent you from making changes to data prior to your closing date, but if you attempt to make changes, you’ll be prompted for the [...]
Job-Costing Payroll Workaround with Payroll Service
The best way to do labor job-costing is to run the payroll through QuickBooks, using time sheet entry. Intuit has something called “assisted payroll”, where you run the payroll in the software and then and submit it electronically to them and they file your forms and pay your taxes. If you are stuck with the [...]
QuickBooks Keyboard Short Cuts – Complete List
Click Here for the pdf of QuickBooks Keyboard Shortcuts
Restore a Back up of your QuickBooks data from a Flash Drive
Restore your QuickBooks data file from a flash drive
Your Business: Successful or Stressful?
I’ve worked with a lot of small businesses, and, it’s true, a certain amount of stress comes with the territory. Some of us would even swear that sh*t rolls up hill! I’ve noticed, however, that there are some key differences between those that are successful, and those that are constantly in turmoil.
Negative Accounts Receivable in QuickBooks?
Resolving Unapplied Payments and the Significance One issue that many people – including bookkeepers – are not aware of is the way unapplied payments and credits in QuickBooks® can affect your Financial Statements. I am talking about payments you have received from customers that were “received” in QuickBooks® by using the received payments window, but [...]
I am using QuickBooks® 2007 or earlier. Do I need to upgrade?
If you email documents from QuickBooks®, use on line banking or run payroll in QuickBooks® you will need to upgrade your software to at least the 2008 version, which for most means 2010. If not, you can continue to use 2007, but keep in mind that Intuit will stop issuing maintenance releases. Maintenance releases are [...]
