Choosing a Reporting Basis Are you a business owner unsure of what critical information you should be reviewing in your data file and how often you should perform the review, or are you an accounting professional new to the QuickBooks … Continue reading
Question: I have question re inventory and non-inventory items. Why would I use a non-inventory item in QuickBooks?. Answer: The reason to use Non-Inventory vs. Inventory might include: 1. You don’t “warehouse” or store the goods, your vendor drop ships … Continue reading
Winner of QuickBooks Premier 2011 We had our first winner in our giveaway of over $7,500 in QuickBooks products. D. Laurie was our lucky winner of QuickBooks Premier 2011. We still have the following to give away: 4 each – … Continue reading
Entering Beginning Inventory Balances Because you will often create your inventory items days or weeks before you begin actually using your QuickBooks data file, rather than entering an opening balance for the inventory item when you create the inventory list … Continue reading
What is the Purpose of the Undeposited Funds account in QuickBooks? The Undeposited Funds account is part of the suggested work-flow for Accounts Receivable. There are typically four common steps to processing Accounts Receivable transactions: Create an invoice, sales receipt, … Continue reading
Learn About New Features! With this guide, learn about QuickBooks 2011 new and improved features. Screen shots and descriptions make it easy to get started using what’s new in QuickBooks 2011. QuickBooks_2011_What’s_New_
QuickBooks Help with Balance Sheet What can you do if you do have an Accounts Receivable balance on your Cash Basis Balance Sheet? First, modify the following report, to help you locate the transactions making up this balance: 1. … Continue reading
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The first report I create for a client is a custom report titled “Undeposited Funds Detail.” This is not a ready-made report in QuickBooks, but it is easy to create, as you will see. This report is fundamental because you … Continue reading
Choosing a Method to Share Data QuickBooks offers flexibility in how data is shared between a business owner and an accountant. Different methods can be used at different times during the year, depending on the nature of the changes to … Continue reading
