There 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
Read MoreThis article addresses how to create a simple Customer Retainage system in QBO. This is for your customers who keep a portion of what’s owed to you, say 10% of the entire invoiced amount, until the entire project is complete. To begin, you will need to create three things here in QBO: Now to test
Read MoreThis article addresses how to allocate a bulk number of transactions within the bank feeds (bank transactions) area in QuickBooks Online. For example: Suppose there are ten new credit card transaction that imported from your (connected) online CC account into the bank feeds (bank transactions) area in QuickBooks Online. Further, let ‘s say that
Read MoreThis article addresses how to find and review your Reconciliation reports in QuickBooks Online. Perhaps for audit reasons, you may need to pull up a banking reconciliation report for the auditor to review. This is done very simply in QuickBooks Online; it also helps that you know how to review a reconciliation report as
Read MoreThis article addresses how to create a customized Unpaid Bills with Purchase Order number report in QuickBooks Online. This report is simply a clear and convenient way to view all of the current vendor Unpaid Bills with the associated Purchase Order number (if you are using purchase orders in your bookkeeping system in QBO).
Read MoreThis article addresses the concept of taking expense payments made this year and recognizing them for Income Statement purposes in the previous year. To better explain, here is a scenario: You received a services bill from a vendor that is dated January 5th of 2023, however the services that were performed all occurred in
Read MoreThis article addresses how to take a regular purchase transaction that is currently residing in your QuickBooks Online Bank Feeds section and split it into multiple expense categories. Here is the scenario: Your QuickBooks Online company file is directly connected to your business bank account via the Bank Feeds section. You recently had a
Read MoreThis article addresses how to post a payroll tax liability adjustment in QuickBooks Desktop. Here is the scenario: You received your annual Texas state unemployment tax rate notice that informs you of what your effective tax rate will be for the upcoming calendar year. Unfortunately, this notice did not arrive until well after the
Read MoreThis article addresses how to create a report in QuickBooks Desktop that shows specifically which customer invoices you applied a customer’s payment to. Here is the scenario: You received a customer’s payment and applied this payment to multiple invoices. Perhaps some time later (days, weeks, etc) the customer is now requesting a report that
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