How-To

Altering a Service Item in QuickBooks Online

This article addresses the issue of what to do when you discover one of your service items is not booking transactions correctly to your chart of accounts. Perhaps you reviewed a Profit and Loss report and discovered the following scenario:   One of your Cost of Goods Sold accounts has a huge negative balance.  

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Credit Memo Refund in QuickBooks Desktop Enterprise

Here 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

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How to Create a Basic Service Item in QuickBooks Online

If 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

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Grossing Up Payroll in QuickBooks Desktop

This 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

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How To Apply Vendor Credits to Open Bills in QuickBooks Online

Note: 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

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How To Batch Enter Transactions in QuickBooks Desktop

This method of entering transactions into QuickBooks Desktop requires that you have the Accountant’s version of QuickBooks Desktop. Also this method is not the same as a bank feeds connection to your financial institution. Please be aware that the instructions for batch entry into the QuickBooks Online version are NOT the same. So, the first

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How To Create Customer Retainer Report in QuickBooks Online

For businesses, such as legal and professional design services, that collect retainer fees upfront, here is a report you can build in QuickBooks Online without having the need to create lots of retainer other current liability accounts in your chart of accounts. Be sure you do have one Client Retainer (other current liability type) account

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How To Build Inventory Assembly Item in QuickBooks Desktop Enterprise

If you have to purchase and track the actual part items used later on for building your final inventory to sell, then here are basic instructions to construct inventory builds in QuickBooks Desktop: Note: this is not for Group type of items. First, to build a basic part inventory (sub) item (note: some item fields

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How To Create and then Apply Inventory Prepayments in QuickBooks Desktop

If you are having to submit pre-payments for inventory on order (and thus not received yet), then you will need to deduct these prepayments upon receipt of the inventory and corresponding vendor bill. First let’s create the prepayment: Create a new other current asset type of account called “Prepayments on Inventory” (or something like this)

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How to Create a Payroll Moving Reimbursement 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. Click on Payroll Item at the bottom of the screen, or simply select Ctrl+N. Select Custom Setup and click Next.

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