Category Archives: QuickBooks Technical

QuickBooks Closing Date – Prevent Changes to Your Accounting

Why Set a Closing Date in QuickBooks Enterprise, Premier or Pro? It is the time of year where you have provided your accountant with you financial data to prepare the tax return. To prevent changes to the data being, set … Continue reading

QuickBooks Inventory vs Non-Inventory Items

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

QuickBooks Inventory – Startup Balances

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

QuickBooks Undeposited Funds

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