The beginning of each year is always very busy for me as I run year-end financial reports for many of my clients in order to check for any bookkeeping errors they may have made. In addition, if needed, I assist my clients in preparing 1099s to send to all service providers that are … [Read more...]
Setting up Bank Accounts in the QuickBooks Chart of Accounts
When setting up Bank Accounts in QuickBooks Pro, Premier or Enterprise, or in any of the QuickBooks Online versions, you will need to add all of your business checking and savings accounts. Once you have done that, you should set up bank downloads for each of these accounts, so that all … [Read more...]
Filing System for Managing Followups
I learned this follow-up system from my uncle over 40 years ago and I have been using it ever since. I worked with my uncle in a fast-paced, multi-million dollar business, where good follow-up was essential. Now as I work for myself as a QuickBooks and Quicken trainer, teaching … [Read more...]
Consignment Sales in QuickBooks
One of my clients has started selling some of her products to retail stores on consignment. We tried to come up with a good way to handle these sales in QuickBooks Pro. First we opened the Estimate template by clicking on Lists, Templates. We picked an Estimate template, made a copy, … [Read more...]
Setting up Items in QuickBooks
I recently worked with the organization "More Than Self", a non-profit that provides funding for school materials so that poor children in Guatemala have the supplies they need in order to attend school. More Than Self also supports Guatemalans in obtaining healthy food and safe … [Read more...]
When to use sales receipts instead of invoices in QuickBooks
Last week I worked with Angelo LaMarco, videographer at Digital Edge Video Productions. Angelo filmed and produced numerous videos for the Rock & Rock Hall of Fame. One of the bookkeeping issues we discussed was when to use sales receipts and when to use invoices in QuickBooks. … [Read more...]
