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Category Archives: QuickBooks 2013 in Depth
How to Pay an Employee Paycheck Advance in QuickBooks
When you offer to pay employees an advance on their earnings, you are creating a loan payment check. If this is a loan to be paid back to the company, follow these steps: From the menu bar, select Employees, Pay … Continue reading
Reconciling Total Sales to Total Income in QuickBooks
The term reconciling (also known as proofing) refers to the act of comparing two related numbers from two different reports. The importance of this task cannot be overstated. If your company is selected to have a sales tax audit, one … Continue reading
How to Refund a Customer’s Overpayment in QuickBooks
Has your company received an overpayment from a customer? Although it is rare, during difficult economic times, knowing how to handle the transaction can help keep your financial records correct and your customers happy. When you receive an overpayment, you … Continue reading
Creating a Customer Refund Check in QuickBooks
Use the Create Credit Memos/Refund transaction when a customer returns a product, or you want to record a credit toward a future purchase. To practice refunding an overpayment with a check, begin by opening a sample data file: On the … Continue reading
How to Record a Bank Deposit in QuickBooks
Creating a bank deposit for your cash and check payments correctly is one of the important tasks necessary to properly track the balance of funds you have in your bank account. To practice making a deposit, open a sample data … Continue reading
Creating Memorized Transactions in QuickBooks
You might be asking, what if my customers have different items or rates, but on a recurring basis? Below, I’ll give you details on how to use Memorized Invoice transactions when Batch Invoicing won’t meet your specific needs. Memorized transactions … Continue reading
How to Create an Invoice in QuickBooks
QuickBooks makes it easy to prepare and send invoices to your customers. A basic invoice might contain a single line or many lines, depending on the nature of the products and services you provide. To practice creating an invoice, open … Continue reading
How to Create an Estimate in QuickBooks
Use a QuickBooks estimate to provide prospects a quote for your product or services. The estimate helps you keep track of the sales price you have quoted. In accounting terms, the estimate is considered “nonposting,” which means when you record … Continue reading
How to Fix Incorrectly Recorded Sales Tax in QuickBooks
This CDR feature not only identifies errors with using the incorrect payment transaction, but also fixes the transaction automatically for you! Before beginning the tasks listed below, you should review the client’s settings (preferences) for sales tax, as shown in … Continue reading
How to Memorize Recurring Transactions in QuickBooks
QuickBooks can also help you not forget a recurring accounts payable bill. Memorized bills work best if the amount being paid is the same from month to month (or whatever frequency you set). An example is your rent payment. To … Continue reading