Paper investments, such as stocks, bonds, mutual funds, money market accounts, etc., are probably best tracked in a personal financial software such as Quicken because the auto-feeds capability of Quicken can handle and book these sophisticated entries to recognize events such as reinvested dividends, capital gains and interest income. However, not all of us are
Read MoreMy client, Ashley, owns and operates a retail boutique in a busy section of town. She utilizes a cash register point of sale system with a separate QuickBooks Desktop software to serve as their back-office bookkeeping system. For the first year or so of her business operations, there were some major problems festering that resulted
Read MoreBriefly, job costing is simply applying your revenues and expenses to the customers and jobs (or projects) for which they were used. In QuickBooks, for each bill, check, and credit card transaction related to a particular job, be sure to complete the Customer:Job column. Remember to complete this column for both labor and materials. Once
Read MoreThere are different methods for handling consignments in various bookkeeping systems. In QuickBooks, one very efficient way to account for consignments is to incorporate the use of Sales Orders. Sales Orders are “non-posting” transactions, so they will not affect your financials or your Inventory on hand levels. You can set up your QuickBooks Inventory system
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