Bookkeeping Tips - AccuraBooks

Sample Report from QuickBooks: Unpaid Bills Detail

The Unpaid Bills Detail report can be created by clicking on Reports>Vendors and Payables>Unpaid Bills Detail. This report is an excellent means of viewing what your company owes to each of its vendors at any point in time. There are a few noteworthy items in this report: The report defaults to show bills dated today

Dealing with Old Uncleared Transactions

When you are reconciling your accounts each month, have you noticed that there are Uncleared Transactions on your Reconciliation Detail Reports? It is expected that some transactions may not have cleared your bank at the time of statement closing, such as checks that were recently printed and mailed. What you should always be careful to

The Value of QuickBooks Audit Trails

Have you ever come across a situation when you wanted to know who posted a transaction in QuickBooks and why? Both the QuickBooks Desktop and QuickBooks Online platforms provide the answer of at least “who posted a transaction” in the form of an “Audit Log” for QuickBooks Online (Gear Icon>Tools>Audit Log) and an “Audit Trail”

Employee Paycheck Advances Bookkeeping Issues

My client, Debbie, had rather unique payroll issues some years back, when I first took over the back-end bookkeeping for her business. She was utilizing QuickBooks Online Enhanced Payroll. She had a history of giving payday advances to her employees, but she was not doing the best job of keeping records of the ongoing balances

Sample Report from QuickBooks: Open Invoices Report

Working with customers and receivables is an integral part of running your business. This is where your income actually comes in to your company, providing a cash flow to continue operations. While there are a few reports that will help you with assessing the expected income for a period of time, the Open Invoices Report

Bookkeeping Cleanup Advice

All too often, I have taken over bookkeeping for clients whose books are in complete disarray for the current and previous tax years. The issue is further compounded due to tax returns having been filed for those same previous tax years that are in current disarray. There can be a multitude of reasons that the

Consulting Inventory Management in QuickBooks

Margaret, a pet food manufacturer/guarantor client of mine has her products delivered to distributors across the country. She needed some inventory management consulting and thus hired AccuraBooks for this. Margaret uses the QuickBooks Enterprise Desktop software for all here company’s bookkeeping, and they were interested in activating the QuickBooks Advanced Inventory Module (also known as

Sample Report from QuickBooks: Expenses By Vendor Report

Creating an Expenses by Vendor Detail report on a regular basis can help you to see where your company is spending money. It is important to know where the money is being spent so that you can find ways to spend less of it (and increase your overall bottom line). Using a report for a

How to Catch Bookkeeping Issues & Fix Examples

My client, Amy, uses the QuickBooks Online platform for her basic bookkeeping needs, including sending invoices to her customers and processing payroll for her employees. I log into the client’s QuickBooks Online company file monthly to reconcile her bank and credit accounts and review important reports such as current Accounts Receivable Aging, Income Statement and

Which Financial Reports Are Helpful to You?

It is always important to understand which types of reporting analysis will keep you moving to the next steps toward your ultimate goals. You don’t have to process the exact same reports that someone else finds helpful. You simply need to understand that making progress toward your financial goals will require ongoing, big-picture, realistic views