This article continues the discussion (from Part 1) of some basic tasks of working within the bank feeds module in QuickBooks Online. As a reminder, the bank feeds module, also known as the “Banking Transactions” module, in QuickBooks Online is a very convenient bookkeeping tool to post transactions in your bookkeeping software. You can also
Read MoreThis article addresses some basic tasks of working within the bank feeds module in QuickBooks Online. This module, also known as the “Banking Transactions” module, in QuickBooks Online is a very convenient bookkeeping tool to post transactions in your bookkeeping software. You can also use this function to post credit card, Paypal, loan and lines
Read MoreThis article addresses how to create a project within a customer’s profile in your QuickBooks Online company file. It also addresses how to see that project’s transactions list, also within that customer’s profile. This transactions list is especially helpful for Spec type of home-building projects. This is because Spec type of homes don’t have Profit
Read MoreThis article addresses the issue of creating a customer invoices history report in QuickBooks online that does not duplicate sales invoice number data if each of your invoices have multiple lines of sales items. For example: If you create one invoice, but with multiple lines of different items that you sold within that one invoice,
Read MoreThis article deals with creating an Open Purchase Orders Detail Report, but will display the following information: Creating this report with exactly these columns of information can be useful if you sell products and are primarily wanting: Knowing how many purchase orders you submit in a given week may help with supply/logistics controls and forecasts.
Read MoreThis article addresses how to manually apply an old vendor payment to open bills in QuickBooks Online. This procedure does NOT utilize the “Pay Bills” function in QuickBooks Online, but rather is just a back-door method of applying a vendor payment to an unpaid bill that directly utilizes the manual posting to the Accounts Payables
Read MoreThis article addresses how to manually post a health insurance split transaction into QuickBooks Online via the bank feeds module. The Bank Feeds module in QuickBooks online is a very useful tool to be able to download your banking (and credit card) transactions into a temporary holding platform; thus, from this platform you can review
Read MoreThis article addresses the Trial Balance report as processed from QuickBooks Online. The Trial Balance report is mainly an Accountant’s report that verifies the double-entry accounting method in your bookkeeping system. A Trial Balance verifies that the total dollar amount of debits that were utilized in your double-entry accounting system matches, exactly, the total dollar
Read MoreThis article addresses how to update your business accounting financial reporting period settings in QuickBooks Online. There are two basic accounting reporting periods for businesses: Fiscal and Income Tax. Most of the times both the fiscal and income tax reporting periods will simply coincide with a calendar year, much like for your personal tax returns.
Read MoreThis article addresses how to update the associated income account within a service item’s (within the “Products & Services” items list) profile in QuickBooks Online. Here is a scenario: You are reviewing your Profit & Loss statement for a certain time period and you are noticing that one of your lesser utilized income accounts has
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