Tag: learn quickbooks

Quickbooks 2018 Tutorial – What To Do If a Customer’s Check Bounces

It’s not fun when a customer’s check bounces. All that hard work, you send your invoice, you get paid, and the dang check bounces.  It’s frustrating to say the least, but unfortunately it happens, and there is an easy way to record it in Qui...

Read More

Tagged As: , , , , , , ,

Top 3 Critical Quickbooks Mistakes Users Make in Banking Transactions

I strive to make sure that business owners, students, bookkeepers and others use Quickbooks correctly.  It’s a mission of mine because it really builds the foundation for being able to properly analyze your business.  And when I mean properly analyze y...

Read More

Tagged As: , , , , , , , , , ,

Cash vs Accrual Financial Statements – What’s the Difference?

Cash or Accrual? Do you know the difference between cash and accrual accounting? The difference is crucial to understand as you keep your books or you read financial reports. In it’s most basic sense, keeping your books on a cash basis means money collected ...

Read More

Tagged As: , , , , ,

Why Small Business Accounting is Critical

I have worked with hundreds, maybe thousands of businesses over the years, and there is always a common theme among all of them.  The ones who take their small business accounting seriously are the ones that have a higher chance of success. Now, I’m not...

Read More

Tagged As: , , , , , ,

Should You Use Quickbooks Online or the Quickbooks 2014 Desktop Version?

Quickbooks offers a variety of methods to purchase and use their software.  Most people use the Quickbooks desktop version, but the Quickbooks Online version is becoming more and more popular.  Having used the Quickbooks Online version with clients for a whi...

Read More

Tagged As: , , , , ,

Should You Upgrade to Quickbooks 2014?

Quickbooks 2014 arrived on shelves late last year around October/November 2013.  I have some clients who upgrade immediately and get the latest release of Quickbooks right when it comes out, and I have some clients who are still using Quickbooks 2002 and refu...

Read More

Tagged As: , , , , , ,

How To Reconcile Your Bank Account In Quickbooks 2012

Here is a quick video showing you how to reconcile your bank account in Quickbooks 2012: ...

Read More

Tagged As: , , , , , , ,

What is Cash vs. Accrual Accounting and How To Change It In Quickbooks

Did you know that there are basically 2 ways to report your information in accounting (on reports such as your Profit & Loss and Balance Sheet)? The 2 ways to report the information are called the cash basis of accounting and the accrual basis of accountin...

Read More

Tagged As: , , , , , , , , ,

How To Record Sales In Quickbooks

In Quickbooks there are 2 types of sales you need to be concerned about – an immediate sale where someone pays for your product or service at the time of service and a sale where you invoice someone for the goods or services. In the first situation (imme...

Read More

Tagged As: , , , , , , , , ,

Paying From A Purchase Order In Quickbooks

Sometimes companies will create a purchase order in Quickbooks and pay for the items they ordered BEFORE they actually receive the items or receive the invoice.  Why would someone do this? Well, it could be a custom order that requires prepayment, or it could...

Read More

Tagged As: , , , , , , , , ,