Quickbook Tips
Does your business have clients whose work sometimes requires multiple steps drawn out over weeks or months, like remodeling projects or court cases? If so, and you're not using QuickBooks' Jobs features, you're missing out on the opportunity to track and evaluate the financial impact of these complex tasks. You can, of course, just send [...]
Every month, we provide information on how to better use QuickBooks. By implementing the best methods for managing your accounting data, you can actually improve your financial bottom line. But all of your careful work is for naught if a malicious hacker gets into your computers, or if you experience identity theft by an employee. [...]
There aren’t that many different types of forms to keep straight in QuickBooks, but you likely don’t use all of them. You probably use invoices and purchase orders frequently, and may fill out the occasional sales receipt or credit memo or estimate. But what about sales orders? You may find that they could make your [...]
Filling out invoices the first time can be a pain, especially if they’re lengthy. But doing the same thing repeatedly if the identical invoice recurs regularly? No need. QuickBooks can memorize a variety of transaction types, including invoices, purchase orders, and bills. After you’ve memorized them, you can edit, reschedule, and delete them, as well [...]
Setting up QuickBooks payroll items appropriately is essential to accurate tracking and reporting of your payroll transactions. When you choose to use the QuickBooks payroll function, one default account is setup to track all payroll liabilities and one default account is setup to track all payroll expenses. Since this can cause confusion to both you and your [...]
Your month end process should always include a bank reconciliation. QuickBooks has an easy to use reconciliation process. Simply enter your ending balance from your bank statement and begin marking all items on the screen that appear as cleared on your bank statement. Deposits and credits are listed on the right of the screen and [...]