This article addresses the issue of conveniently importing credit card transactions into your QuickBooks company file, but from a PDF type of file. Sometimes (for whatever reasons), you may not be able to obtain a convenient spreadsheet download (or from a bank feeds connection) of your credit card transactions, but instead are able to obtain
Read MoreThis article addresses how to post a payroll tax liability adjustment in QuickBooks Desktop. Here is the scenario: You received your annual Texas state unemployment tax rate notice that informs you of what your effective tax rate will be for the upcoming calendar year. Unfortunately, this notice did not arrive until well after the
Read MoreThis article addresses how to create a report in QuickBooks Desktop that shows specifically which customer invoices you applied a customer’s payment to. Here is the scenario: You received a customer’s payment and applied this payment to multiple invoices. Perhaps some time later (days, weeks, etc) the customer is now requesting a report that
Read MoreThis report is simply a convenient way to view the capitalized costs (non-expensed) associated with each customer/job, separated out (and displayed) per column of information, but, of course, all on one report. This report, perhaps, would be convenient for industries such as speculative home building but can be useful for anyone that is especially interested
Read MorePart 2 in this series of tracking investments in your QuickBooks Desktop file will only cover tracking your cost basis of your paper investments. For each type of equity holding that you purchase: Example: 50 shares of XYZ, Inc. at a market price of $2/each = a value of $100 cost basis. I like
Read MoreIf you have to purchase and track the actual part items used later on for building your final inventory to sell, then here are basic instructions to construct inventory builds in QuickBooks Desktop: Note: this is not for Group type of items. First, to build a basic part inventory (sub) item (note: some item fields
Read MoreIf you are having to submit pre-payments for inventory on order (and thus not received yet), then you will need to deduct these prepayments upon receipt of the inventory and corresponding vendor bill. First let’s create the prepayment: Create a new other current asset type of account called “Prepayments on Inventory” (or something like this)
Read MoreOpen Quickbooks desktop and click on the Lists menu and select Payroll Item List. Note: If payroll is not turned on in your Quickbooks file, then you will not see the Payroll Item List selection. Click on Payroll Item at the bottom of the screen, or simply select Ctrl+N. Select Custom Setup and click Next.
Read MoreNote: This is assuming your inventory/purchase orders function is active in QuickBooks and you already have an inventory list created with quantities that need to be manually adjusted, perhaps due to a physical count of the inventory. Go to your inventory list in QuickBooks List>Item List Scroll to find the inventory type item that you
Read MoreOpen Quickbooks desktop and click on the Lists menu and select Payroll Item List. Note: If payroll is not turned on in your Quickbooks file, then you will not see the Payroll Item List selection. You will need to create a new payroll item for the employee deduction portion of an employee’s health insurance plan,
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