Why are applying credits in QuickBooks important?
- Posted on Mar 19, 2017
An important process that is often missed in QuickBooks is applying credits to bills (accounts payable) and invoices (accounts receivable). Applying credits ensures you are not overpaying your bills or over billing your customers. See below for more. Accounts payable – If a credit comes in for your vendor and you don’t apply it to an existing bill after ... Read More
Using Memorized (Recurring) Transactions in QuickBooks
- Posted on Feb 26, 2017
Using Memorized (Recurring) Transactions in QuickBooks is a streamlined way to get recurring transactions in the books automatically. They can also help retain specific info that you want to enter on a consistent basis. QuickBooks can enter automatically on a schedule that you set up. In QuickBooks Desktop (QBD) it is called a memorized transactions ... Read More
QuickBooks Tutorial: How to pay sales tax with a credit card in QuickBooks Desktop
- Posted on Dec 31, 2015
It’s that time again to file sales tax. You have already made your payment online via a credit card and it’s time to enter the transaction into QuickBooks. You go to Vendors > Sales Tax > Pay Sales Tax, you select all the information to pay and realize that you don’t have the option to ... Read More
QuickBooks Tutorial: Why aren’t my deposits showing up on my reports?
- Posted on Dec 30, 2015
If you are new to QuickBooks and you are entering your deposits through the banking > make deposits window directly to an income account. You may be wondering why you don’t see this transaction in the customer or vendor center history and your QuickReports. In order for a transaction to link to the customer and vendor reports, it needs to ... Read More
How long should I keep records for?
- Posted on Dec 29, 2015
Do you know how long to keep records for? We recently confirmed this information for a client of ours and wanted to share. The length of time you should keep a document depends on the action, expense, or event which the document records. Generally, you must keep your records that support an item of income, deduction or ... Read More
Monitor Issue in Windows 10
- Posted on Oct 15, 2015
So frustrated with Windows 10! A new issue has appeared that is slowing me down. I have three monitors stacked in a triangle shape (photo 1). After a recent Microsoft update, it will no longer accept that layout, instead it reverts to all three spanned across (photo 2). This means the motions I have been ... Read More
Windows 10 Review
- Posted on Aug 18, 2015
Despite the initial reviews, I hopped on the Windows 10 bandwagon immediately. My dreaded Windows 8 laptop kept telling me it was released but to still wait for notification on the download and that it may be a few days as Microsoft was releasing it in waves. I thought there has to be a faster way! I went ... Read More
What is the difference between a W-9 and a 1099?
- Posted on Dec 24, 2014
January is always a busy month for bookkeepers. For my company, we process thousands of 1099′s across all our clients every year. During our quest for gathering the information in order to file 1099′s, we ask vendors to fill out a W-9 form. Typically this should be done upon hiring of the vendor this way ... Read More
Basic Bookkeeping Tips
- Posted on Nov 22, 2014
Basic Bookkeeping Tips. For many small businesses, the most common bookkeeping errors are also the easiest to fix. Use these six tips to help keep your business on sound financial footing. Use the right accounting system. Most businesses use either cash-based or accrual-based accounting. If you use the cash method, you count income when you ... Read More