This 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
Read MoreThis article addresses how to resolve uncategorized income issues in your books within the QuickBooks Online platform. There are really different options to choose from when dealing with resolving uncategorized income in your books; this article will address one specific popular method. Here is a scenario: You have received a check payment from a customer,
Read MoreThis article addresses the benefits of and how to create an Accounts Payable by Report Date in QuickBooks Online. This report is one that you will need to customize the parameters from a typical Accounts Payable Summary report by simply choosing the “Report Date” option in lieu of the “Current” date option. Most of
Read MoreThis article addresses how to allocate a bulk number of transactions within the bank feeds (bank transactions) area in QuickBooks Online. For example: Suppose there are ten new credit card transaction that imported from your (connected) online CC account into the bank feeds (bank transactions) area in QuickBooks Online. Further, let ‘s say that
Read MoreThis article addresses how to find and review your Reconciliation reports in QuickBooks Online. Perhaps for audit reasons, you may need to pull up a banking reconciliation report for the auditor to review. This is done very simply in QuickBooks Online; it also helps that you know how to review a reconciliation report as
Read MoreThis article addresses how to create a customized Unpaid Bills with Purchase Order number report in QuickBooks Online. This report is simply a clear and convenient way to view all of the current vendor Unpaid Bills with the associated Purchase Order number (if you are using purchase orders in your bookkeeping system in QBO).
Read MoreThis article addresses how to take a regular purchase transaction that is currently residing in your QuickBooks Online Bank Feeds section and split it into multiple expense categories. Here is the scenario: Your QuickBooks Online company file is directly connected to your business bank account via the Bank Feeds section. You recently had a
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