QuickBooks Customer Deposits
In many businesses, a customer will prepay for items or services. While a simple way to do this is to just receive a payment and not apply it to any invoice, this creates a negative accounts receivable...
View ArticleImporting Lists and Opening Balances
We spend much of our time during this part of the year getting businesses set up on QuickBooks. Maybe it’s the sudden realization that the new year is right around the corner (we all like that clean...
View ArticleQuickBooks Year End – Reconciliation
It’s the end of another year, and if you use QuickBooks you may be wondering about how to close out your year in QuickBooks. While QuickBooks does not have a required year end process that must be...
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Using the Working Trial Balance in QuickBooks
With year end coming up it is important to understand the tools available in QuickBooks to help expedite the closing of your books. One handy tool is the working trial balance. To access this window...
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QuickBooks Year End – 1099s
In the new versions of QuickBooks, the 1099 process is a bit different. One of the biggest changes is the inclusion of a 1099 wizard that walks you through the process of generating 1099s. The process...
View ArticleUsing the Working Trial Balance in QuickBooks (cont’d)
With year-end now here, using the Working Trial Balance can be a helpful tool to close your books. Last post we discussed how to access this. Here are a few tips of what we can do: See your client’s...
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AR Aging Detail with Aging Column Report
We have some clients who have switched to using QuickBooks that used to use Peachtree (now called Sage 50) software. The transition is usually smooth, though there always seems to be one hiccup along...
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QuickBooks Transaction History Report
The reporting functionality in QuickBooks is one of the better reporting implementations I’ve seen. The amount of customization that you can do in the reports, and the way you can create reports is one...
View ArticleInvoicing from Sales Order – Zero Line Items
One of my clients recently started using Sales Orders in QuickBooks to help manage their inventory levels. All new orders were placed in QuickBooks as a Sales Order, and as the order got shipped out,...
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The difference between a budget and a forecast in QuickBooks
A questions that comes up often when showing my clients the budgeting feature in QuickBooks is “What is the difference between the Budget and Forecast?”. The planning and budgeting features in...
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