Note: This is assuming your inventory/purchase orders function is active in QuickBooks and you already have an inventory list created with quantities that need to be manually adjusted, perhaps due to a physical count of the inventory. Go to your inventory list in QuickBooks List>Item List Scroll to find the inventory type item that you
Read MoreThis article addresses how to conduct a manual import of transactions from a spreadsheet into your QuickBooks Online bank feeds center. This does NOT address how to import directly from a bank website. Note: You must first prepare your spreadsheet for the importation of data into QuickBooks Online. Here are some simple tips on how
Read MoreThis article addresses how to reconcile to a bank statement closing balance. A closing balance is best viewed by printing out a monthly (a month-close) PDF closing bank statement. This is because an official monthly closing statement can (but not always) calculate all of the withdrawals and deposits and sum these up onto the monthly
Read MoreOpen 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. You will need to create a new payroll item for the employee deduction portion of an employee’s health insurance plan,
Read MoreOpen 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. You will need to create a new payroll item for the employer contribution match portion of an employee’s Health Savings
Read MoreNote: This article assumes you do NOT have the “Automatically apply bill payments” setting turned on in your QuickBooks company settings. If one of your vendors currently has a credit (negative) balance in your books, then let’s create a new bill and then apply this open credit balance to it: Find your vendor (with the
Read MoreThere are different ways of viewing a report in QuickBooks Online that will show open vendor liability and credit balances. Please note: Your QuickBooks Online subscription may prevent you from having access to certain reports. So let’s begin: Go To>Reports>Reports Scroll down to the section under “What you owe” Click on Unpaid Bills Note: when
Read MoreThere are different ways of handling the issue of writing off open Accounts Receivables due to customers not paying you for whatever reasons. This issue can also be resolved differently if you are an accrual or cash basis tax filer and also if the Accounts Receivables to be written off (to a Bad Debt Expense
Read MoreHere are instructions to receive a customer overpayment then issue a check refund for the resulting credit balance using QuickBooks Desktop. Note: This is not the same as creating a credit memo. Menu: Go to Customers>Receive Payments. Choose the customer in the “Received From” field. Fill in the Payment Amount. Be sure to choose an
Read MoreYou received a customer check payment and it is sitting on your desk and now you want to apply this payment to a specific open invoice. Go to Sales>Customers Find the customer in the list and click to open the customer’s transactions list. Scroll thru and find the invoice that you want to apply payment
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