Tracking 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
Read MoreMulti-user access is a great option if you need two or more users accessing your QuickBooks company file at the same time. You must begin by assessing how many simultaneous users your QuickBooks software license will allow. To find this information, press the F2 key within your QuickBooks Desktop file. Your information will be displayed
Read MoreNearly every time I begin working with a new client, I have to modify their Chart of Accounts. There is generally a lack of proper organization and a misuse of Balance Sheet and Income Statement type accounts that requires my assistance. There are usually three issues found in the misuse of the accounts: Redundancy –
Read MoreWorking with Delayed Charges can sometimes be a challenge in QuickBooks Online, especially if you need to reuse a Delayed Charge that has been “closed.” I recently had this issue when I used a Delayed Charge (entered previously) on a customer’s invoice and then realized that the invoice was incorrect only after having emailed it
Read MoreIn order to customize your outgoing forms in QuickBooks Online you would click on (at the date of this post writing) the Gear Icon>Account and Settings>Sales>Customize Look and Feel (green bar)>New Style (or select the one you want if you already have some created),>(select which type of form you want to customize). There are four
Read More
AccuraBooks