Does keeping track of accounting matter?

By |2019-05-31T16:06:54+00:00March 1st, 2019|Categories: Business Ownership, QuickBooks Desktop, QuickBooks Online, QuickBooks Review, QuickBooks Set Up, QuickBooks Training|

https://youtu.be/xdULaLdsGTA   Does keeping track of your accounting matter? Accounting is important as it helps you track the financial health of your business. All too often business owners view their bank balance or worse, the gross sales, as a measure of their success. If you’re not tracking the expenses of the business you won’t know how [...]

Multiple credit cards on one statement

By |2019-06-27T16:45:48+00:00November 16th, 2018|Categories: QuickBooks Desktop, QuickBooks Online, QuickBooks Training|

Managing Multiple Credit Cards on one Billing Statement Each month when the PDF statement comes in from BANK you'll reconcile all three accounts. Here is a breakdown on how to do this: Person A card: Download and classify the expenses for this card, these should appear in the banking tab under the name "PERSON A card" [...]

Issuing a Client a Refund in QuickBooks Online

By |2019-05-21T12:30:18+00:00November 13th, 2018|Categories: QuickBooks Desktop, QuickBooks Online, QuickBooks Training|

Issuing a Client a Refund in QuickBooks Online   1: Click on the Quick Create (plus sign) in the upper right corner of the screen. 2: Click on Refund Receipt under the column called Customers 3: Fill in the refund receipt Customer name Refund date Payment method (for the refund, not how they paid you) Source of the [...]

Combining multiple payments into a single deposit in QuickBooks Online

By |2019-05-21T12:06:47+00:00November 13th, 2018|Categories: QuickBooks Desktop, QuickBooks Online, QuickBooks Training|

Combining multiple payments into a single deposit in QuickBooks Online   1: Click on the plus sign (Quick Create button)   2: Click bank deposit under the column of other   3: Select (check) the individual payments that equal the deposit that went into the bank  4: Click save and close (or save and new) 5: When you open the downloaded [...]

Correcting Income Recorded Twice in QuickBooks Desktop

By |2019-05-21T12:09:22+00:00November 13th, 2018|Categories: QuickBooks Desktop, QuickBooks Online, QuickBooks Training|

Correcting Income Recorded Twice in QuickBooks Desktop (once as a sale receipt/invoice and once as a deposit into the register)   Identify the sales recorded in the register as income (and not as a sales receipt or invoice payment).  There are multiple approaches to this, I’m going to show you one. 1: Generate the profit and loss [...]

Reconciling a bank in QuickBooks Desktop

By |2019-05-22T05:03:12+00:00November 11th, 2018|Categories: QuickBooks Desktop, QuickBooks Training|

Reconciling a bank in QuickBooks Desktop   1: Click on banking in the top menu bar, then click on reconcile.   2: Confirm the bank account you wish to reconcile, the statement date, the beginning balance should match your bank balance, the ending balance should match your bank ending balance. Click continue.   3: Check the box that says [...]

Download Banking into QuickBooks Desktop

By |2019-05-22T05:12:21+00:00November 10th, 2018|Categories: QuickBooks Desktop, QuickBooks Training|

Importing Bank Data from online banking into QuickBooks Desktop   1: Download the .qbo aka web connect for QuickBooks file from your bank.   2: You can double click on this downloaded file   3: This will give you an opportunity to import the data into QuickBooks    4: Alternatively you can import it by clicking on file → [...]

Reconciling Banking in QuickBooks Desktop 2018

By |2019-05-22T05:13:47+00:00November 9th, 2018|Categories: QuickBooks Desktop, QuickBooks Training|

Reconciling a bank in QuickBooks Desktop Click on banking in the top menu bar, then click on reconcile.          Confirm the bank account you wish to reconcile, the statement date, the beginning balance should match your bank balance, the ending balance should match your bank ending balance. Click continue. Check the box that says hide transactions after the [...]