Did you know that QuickBooks offers a free Time Tracking tool? It is called QuickBooks Timer, you can find the program to install from a QuickBooks CD, or from the QuickBooks Help website: www.quickbooks.com/support search for QuickBooks Timer. Before timekeepers … Continue reading
Do you require your customers to pay a deposit in advance of the product shipping, or the service being provided? You might want to track these in one of two ways: As a credit to Accounts Receivable for the specific … Continue reading
If you are new to the QuickBooks software and need to enter beginning balances from some other software solution use these instructions to enter the uncleared checks as of your startup date: From the menu bar, select Banking, Write Checks. … Continue reading
The Cost of Goods Sold account is for costs directly related to producing a service or good for sale. There is a direct relationship between these costs and your revenue. If your company sells a product, your cost of goods … Continue reading
Marking an account inactive is usually the best choice when you have duplicate or extra list entries on your chart of accounts. Making an account inactive removes it from any drop-down list where the item can be selected. However, for … Continue reading
If you have found errors in your item list, a safe method for avoiding future mistakes by using the incorrect items is to make them inactive. An inactive item still displays in reports, but is not included in any drop-down … Continue reading
Creating an item as a subitem of another item is one way to easily organize reports for a group of similar items. Your accounting data is not affected by having or not having items as subitems. To make an item … Continue reading
To begin using QuickBooks to track inventory, you must first turn on the feature found in the Items & Inventory preference in QuickBooks. By default, when you create a new company data file, inventory management is not enabled. To turn … Continue reading
Did you know that you can streamline accounts payable processes by setting certain QuickBooks preferences? Setting preferences saves keystrokes, which in turn can save data entry time. Not every preference that affects accounts payable impacts your financials; some preferences enable … Continue reading
