Bookkeeping Tips

Handling Customer Overpayments in QuickBooks Online

Here is a video showing how to handle customer overpayments in QuickBooks Online:  

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Job-Costing Without Using a Complicated Items List

My client, Amelia, is a sole general contractor and has hired AccuraBooks to maintain the bookkeeping for her sole long-term construction contract. Each month Amelia receives funds from her client to pay for her administrative/management fees and also pre-payments (deferred income) for upcoming job labor and materials expenses.   For her bookkeeping, Amelia does NOT

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How to Set Up a 401(k) Employer Match Item in QuickBooks Desktop Payroll

Open Quickbooks desktop and click on the Lists menu and select Payroll Item List. Note: If payroll is not turned on in your Quickbooks file, then you will not see the Payroll Item List selection. You will need to create a new payroll item for the employer match portion of an employee’s 401(k) company-sponsored plan,

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Should You Switch Bookkeeping Platforms?

Every once in a while, a current client will communicate to me their possible desire to make a bookkeeping platform switch, either as a temporary or permanent solution. For temporary solution purposes, the client may want this to be able to provide or have access to their books due to sudden needs arising from, perhaps

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Bookkeeping for Loan Refinance

My client, Sophia, has recently obtained mortgage refinancing for two of her properties and has asked AccuraBooks (her current bookkeeping service provider) to make these entries into the bookkeeping platform. In particular, Sophia was able to close out (pay off) the old loan and obtain a much higher loan as part of the terms for

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Periodic Bookkeeping – Amazon Revenues Entries

Manually booking your Amazon sales begins with logging into your Amazon Seller account and downloading those bi-weekly PDF revenues settlement statements. These are the statements notifying you of your detailed split out summarized revenues activities for the period of time and when to expect a bank transfer payment from Amazon. These statements outline the following

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How to Set Up 401(k) Employee Deduction Item in QuickBooks Desktop Payroll

Open Quickbooks desktop and click on the Lists menu and select Payroll Item List. Note: If payroll is not turned on in your Quickbooks file, then you will not see the Payroll Item List selection. You will need to create a new payroll item for the employee deduction portion of an employee’s 401(k) company-sponsored plan,

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Payroll, the New W4 & QuickBooks

Here is a video explaining and showing how to enter the new W-4 form info into QuickBooks:  

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Property Purchase for Rentals Bookkeeping

My client, Ava, has purchased properties that she will be using to rent out to tenants. Ava has hired AccuraBooks to be in charge of all the bookkeeping for these endeavors. Specifically, Ava owns three condominium units; each of these units must be treated as if each was an actual separated housing structure. So, to

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What is the Undeposited Funds Account in QuickBooks?

Here is a video explaining and showing how to use the Undeposited Funds account in QuickBooks:

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