Overall, it is always recommended that you choose proper befitting software or other method for your own manual investments tracking needs. This series of blogs will delve into a possible method for tracking your paper investments within a specifically created QuickBooks Desktop company file. To begin, you should always begin the bookkeeping for your
Read MoreHere is a video showing how to create a service item in QuickBooks Online:
Read MoreHere are instructions to create a refund directly from an already-existing but unused credit memo in QuickBooks Desktop Enterprise. Menu: Go to your customer list and select the customer who has the existing credit memo on file. Find the credit memo to be refunded and open it up (double-click on it). Now, select “Use credit
Read MoreIf you need to create a basic service item to use to create a future customer invoice in QuickBooks Online, then here are the steps: Click on the gear icon (upper right), the click on Products and Services under the Lists menu. Click New Choose “Service” Fill in the appropriate fields to be able
Read MoreIf you have a small-time inventory business and are literally storing your inventory in your garage and are not utilizing a complex inventory software to track your stock status and calculate the Cost of Goods Sold, then here are some tips to post manual entries into your bookkeeping records to help assist in your inventory
Read MoreIf you as the business owner have loaned your business a lump sum amount, then you will need to treat it like an official loan to be amortized and create a predetermined schedule of repayments from the business to yourself. This is fairly easy to do as this can be created and maintained in a
Read MoreBookkeeping for a line of credit and perhaps some loans as well, can be confusing when those monthly closing statements list BOTH a Principal Balance and a Total Balance. The question you may have to ask yourself is which balance do you want to reconcile to each month? Example: A Business Line of Credit
Read MoreThis article addresses the concept of grossing up a paycheck and touches on how to do this within the QuickBooks Desktop payroll platform. Grossing up payroll means that you are going to pay an employee based on the NET wages and not on the gross wages. Typically, when you process payroll, you already have
Read MoreNote: This article assumes you do NOT have the “Automatically apply bill payments” setting turned on in your QuickBooks company settings. Let’s say you process an Unpaid Bills report and get the following results for one of your vendors: Vendor has an unpaid bill in the amount of $300. Vendor ALSO has an unapplied credit
Read MorePart 3 of this series of payroll entry blogs will look into the payroll entries that can be posited to recognized unpaid payroll tax liabilities. If you process a payroll for your employees and you decide to wait until a later time to submit the corresponding tax payments to the appropriate tax agencies, then
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