This article addresses how to change the Accounting Basis reporting in your NetSuite bookkeeping software. According to NetSuite, this software, by default, provides financial reporting in an Accrual Basis method “to meet Generally Accepted Accounting Standards”. However, as is common in the business world, you may want to review financial events from a Cash-Basis perspective
Read MoreThis article addresses how to process a useful Cash Detail report in Bill.com. Sometimes, perhaps for audit or reimbursement reasons, you need to process a cash-based report that details exactly all of the vendor bill payment payouts for a certain time period. Your bookkeeping software may be able to suffice this need here, however some
Read MoreThis article addresses how to update your Texas Workforce Commission State Unemployment Tax Rate for your business payroll purposes, within your QuickBooks Desktop payroll software (this article is not addressing making updates to your QuickBooks Online payroll software). It is recommended that you, as the small business owner, verify this payroll tax rate at least
Read MoreThis article addresses how to create a Portable copy of a QuickBooks company file within the QuickBooks Desktop software. This is not to be confused with creating a QuickBooks Backup copy of a QuickBooks company file, which is a completely separate process and copy-type. A Portable copy of a QuickBooks Desktop file is convenient to
Read MoreThis article addresses how to create a typical Unpaid Bills report, but with the corresponding Purchase Order number information on it, in QuickBooks Online. To review, a simple Unpaid Bills report displays all of the unpaid vendor bills with remaining balances, this report is sorted by vendor name. However, a typical Unpaid Bills report does
Read MoreThis article addresses how to update your business accounting financial reporting period settings in QuickBooks Online. There are two basic accounting reporting periods for businesses: Fiscal and Income Tax. Most of the times both the fiscal and income tax reporting periods will simply coincide with a calendar year, much like for your personal tax returns.
Read MoreThis article addresses how to update the associated income account within a service item’s (within the “Products & Services” items list) profile in QuickBooks Online. Here is a scenario: You are reviewing your Profit & Loss statement for a certain time period and you are noticing that one of your lesser utilized income accounts has
Read MoreThis article addresses how to resolve uncategorized income issues in your books within the QuickBooks Online platform. There are really different options to choose from when dealing with resolving uncategorized income in your books; this article will address one specific popular method. Here is a scenario: You have received a check payment from a customer,
Read MoreThere may be times when you have to take a customer’s Accounts Receivables credit balance and transfer it over to another customer’s Accounts Receivables balance in your bookkeeping system, within the QuickBooks Desktop version. The main reason you would ever have to do this is if one of your customers has multiple locations or subsidiaries
Read MoreThere may be times when you have to take a customer’s Accounts Receivables credit balance and transfer it over to another customer’s Accounts Receivables balance in your bookkeeping system, in QuickBooks Online. The main reason you would ever have to do this is if one of your customers has multiple locations or subsidiaries and thus
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