Have you ever come across a situation when you wanted to know who posted a transaction in QuickBooks and why? Both the QuickBooks Desktop and QuickBooks Online platforms provide the answer of at least “who posted a transaction” in the form of an “Audit Log” for QuickBooks Online (Gear Icon>Tools>Audit Log) and an “Audit Trail”
Read MoreWorking with customers and receivables is an integral part of running your business. This is where your income actually comes in to your company, providing a cash flow to continue operations. While there are a few reports that will help you with assessing the expected income for a period of time, the Open Invoices Report
Read MoreMargaret, a pet food manufacturer/guarantor client of mine has her products delivered to distributors across the country. She needed some inventory management consulting and thus hired AccuraBooks for this. Margaret uses the QuickBooks Enterprise Desktop software for all here company’s bookkeeping, and they were interested in activating the QuickBooks Advanced Inventory Module (also known as
Read MoreCreating an Expenses by Vendor Detail report on a regular basis can help you to see where your company is spending money. It is important to know where the money is being spent so that you can find ways to spend less of it (and increase your overall bottom line). Using a report for a
Read MoreTracking sales tax in QuickBooks can be made very easy or more difficult, depending on your needs. Very Easy Method – The relatively simple sales tax tracking in QuickBooks is best for those who do not invoice their clients directly from the QuickBooks software. For example, let’s say you are a retailer with an in-house
Read MorePaper investments, such as stocks, bonds, mutual funds, money market accounts, etc., are probably best tracked in a personal financial software such as Quicken because the auto-feeds capability of Quicken can handle and book these sophisticated entries to recognize events such as reinvested dividends, capital gains and interest income. However, not all of us are
Read MoreMy client, Ashley, owns and operates a retail boutique in a busy section of town. She utilizes a cash register point of sale system with a separate QuickBooks Desktop software to serve as their back-office bookkeeping system. For the first year or so of her business operations, there were some major problems festering that resulted
Read MoreRight Networks & QuickBooks Online are two popular solutions to store client financial files. Clients may choose to pay a subscription to an online “Software as a Service (SaaS)” bookkeeping manager such as QuickBooks Online or Xero. While SaaS bookkeeping tools are growing more robust each year, they are not as complete or powerful (in
Read MoreThere are lots of financial reports in QuickBooks you can process or create to assist you in your business analysis. Some reports are standard across the board and some reports can be customized to an individual’s desire. Once I verify which accounting method (accrual-based or cash-based) is typical for the client, I can create reports
Read MoreBoth QuickBooks Online and QuickBooks Desktop versions offer tools for processing automatic bank feed downloads. QuickBooks Online has a good advantage over QuickBooks Desktop with its intuitive user interface and the flexibility of its renaming and allocation rules for auto bank feed downloads. When trying to set up renaming and account allocation rules, however, the
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