This article addresses how to create a new account within your Chart of Accounts in QuickBooks Online. So, let’s get started: Go to your Chart of Accounts and click on the “New” green button in the upper right-hand corner. At the top, choose the most closely-related type of account you are wishing to
Read MoreThis article addresses how to conduct an Advanced Search in QuickBooks Online. QuickBooks Online has excellent Search and Recent History features that allow a user to efficiently locate: Audit history of a particular already-entered transaction. Very recent history of transactions just posted. Advanced Search function to locate just about anything. Let’s explore
Read MoreThere a function in QuickBooks Online called “Delayed Charges”. This is located underneath the Customers menu within the “New” button on the left-hand side. The purpose of this function (it also can be called a non-posting charge) is to store your ongoing charges, to be billed out to your customers at some point. This function
Read MoreThis article addresses how to create a customized Profit & Loss by Job report in QuickBooks Online. This report is simply a clear and convenient way to view the profitability of all of your customers/jobs, separated out (and displayed) per column of information, but, of course, all on one report. This report, perhaps, would be
Read MoreThis article addresses the issue of what to do when you discover one of your service items is not booking transactions correctly to your chart of accounts. Perhaps you reviewed a Profit and Loss report and discovered the following scenario: One of your Cost of Goods Sold accounts has a huge negative balance.
Read MoreHere is a video showing how to create a service item in QuickBooks Online:
Read MoreIf you need to create a basic service item to use to create a future customer invoice in QuickBooks Online, then here are the steps: Click on the gear icon (upper right), the click on Products and Services under the Lists menu. Click New Choose “Service” Fill in the appropriate fields to be able
Read MoreNote: This article assumes you do NOT have the “Automatically apply bill payments” setting turned on in your QuickBooks company settings. Let’s say you process an Unpaid Bills report and get the following results for one of your vendors: Vendor has an unpaid bill in the amount of $300. Vendor ALSO has an unapplied credit
Read MoreIf you are receiving both check and cash payments from customers, then you will probably be depositing multiple payments during one trip to the bank. To post the entry in your bookkeeping, this requires the use of the undeposited funds account in QuickBooks Online. This particular function can be confusing to understand and utilize in
Read MoreHere is a video showing how to go thru a basic bank reconciliation process in QuickBooks Online:
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