This 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 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 the Accountant’s Copy file in QuickBooks Desktop. Sometimes a CPA will request an Accountant’s copy of the entire QuickBooks Desktop company file in order to be able to review and post adjusting journal entries (for a prior period of time) without affecting any current bookkeeping work that is a part of your
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 MoreOverall, it is always recommended that you choose proper befitting software or other method for your own manual investments tracking needs. This series of blogs will delve into a possible method for tracking your paper investments within a specifically created QuickBooks Desktop company file. To begin, you should always begin the bookkeeping for your
Read MoreHere 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
Read MoreThis 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
Read MoreThis 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
Read MoreNote: This is assuming the customer deposit was already booked BEFORE the payment was actually applied to the customer’s open invoice. Note: This is assuming you do not have your preference setting that makes QuickBooks automatically apply customer credits to open invoices. Be sure that the pre-existing customer deposit is actually booked correctly for
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