This article addresses how to apply a bounced customer payment check to the customer’s accounts receivables account in QuickBooks Online. In this scenario: A customer’s check payment to you has bounced due to insufficient funds in the customer’s bank account. The bank then deducts the funds back out of your account, after crediting you with
Read MoreThis article addresses how to create an Accountant’s Copy of your QuickBooks Desktop file with the goal of sending to your CPA. Creating an Accountant’s copy will create a type of file known as a QuickBooks Accountant Transfer File (.QBX). The purpose of this file type is for your CPA to restore, post changes, then
Read MoreThis article addresses how to select either the Decimal or Minutes time format in QuickBooks Desktop. It is important that you understand and choose the correct time format setting in your bookkeeping software. Here are two time format options to choose from in QuickBooks Desktop: Decimal: This uses the “base 10” number system
Read MoreThis article addresses how to create a new account within your Chart of Accounts in QuickBooks Online. So, let’s get started: Go to your Chart of Accounts and click on the “New” green button in the upper right-hand corner. At the top, choose the most closely-related type of account you are wishing to
Read MoreThis article addresses how to create a Bad Debt Expense entry in QuickBooks Desktop. A Bad Debt Expense is simply an Accounts Receivable debt obligation that a customer owes you for previous services or products sold to that customer. If a customer seems like they will be unwilling to pay this debt obligation to
Read MoreThis article addresses how to conduct an Advanced Search in QuickBooks Online. QuickBooks Online has excellent Search and Recent History features that allow a user to efficiently locate: Audit history of a particular already-entered transaction. Very recent history of transactions just posted. Advanced Search function to locate just about anything. Let’s explore
Read MoreThis article addresses how to create a Balance Sheet Detailed report that displays both the activity within a certain time period and also the overall company balances of your assets, liabilities and equity account as of a point in time. To begin, remember a typical Balance Sheet Summary report (most likely the report you
Read MoreThis article addresses how to create a Balance Sheet that displays different points in time on one statement in QuickBooks Online. To begin, remember a typical Balance Sheet Summary report (most likely the report you are used to always seeing) is only going to display your Asset, Liability and Equity account balances as of only
Read MoreThis article addresses the basics of the a 1099-NEC creation and printing process in QuickBooks Desktop. So, to begin: Go to your vendors menu at the top>1099 Forms>Print/E-file 1099 forms. Click on “Get Started” underneath the Form 1099-NEC option. Select your vendors whom you want to process a 1099-NEC form for, then click
Read MoreThis report is simply a convenient way to view the capitalized costs (non-expensed) associated with each customer/job, separated out (and displayed) per column of information, but, of course, all on one report. This report, perhaps, would be convenient for industries such as speculative home building but can be useful for anyone that is especially interested
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