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QuickBooks Online is good at managing and tracking inventory – as long as you’ve created thorough records.
When you first started your business, you might have been able to keep track...Read More
Are your customers slow about paying their invoices? QuickBooks can help accelerate your receivables.
Your company’s cash flow depends largely on how quickly your customers pay the invoices you’ve sent. And...Read More
Taking on your company’s payroll with QuickBooks Online? Knowing what you’re up against ahead of time will make your setup tasks much easier.
Payroll is probably the most complex element of...Read More
You can start using QuickBooks Online the first time you sign in. However, your tasks will be easier and faster, if you customize it for your company.
QuickBooks Online was designed...Read More
We last learned about getting QuickBooks ready for time-tracking by activating it in Preferences. We also created a record for a service item. In this post, we’ll actually use that...Read More
If your company sells services, you can track the time spent providing them in QuickBooks.
When you sell a product to a customer, you know it. It goes away, and...Read More
Downloading transactions into QBO is the easy part. You still have work to do once they’re on board.
We can’t emphasize this enough: QuickBooks’ Reminders can prevent countless problems with your finances.
Sales tax is one of the more complicated concepts supported by QuickBooks Online.
QuickBooks Online was designed for you, the small businessperson. You’ve probably discovered that many of its features are...Read More
Even if you don’t travel for work (but especially if you do), you should explore what QuickBooks Online’s mobile app has to offer.
If you exchanged items or services with someone and didn't use money, you've bartered! That means you have to list the difference in fair market value between what you've exchanged...Read More
If you invest a ton of personal time and effort into your hobby, plus you have multiple customers and keep professional records, your hobby might actually be a business.
Turning your...Read More
Invoices not being paid promptly? Customers questioning their payment history? Create statements.
Let’s say you have a regular customer who used to pay on time, but he’s been hit-and-miss lately. How...Read More
If people manipulate cash transactions to avoid required bank reporting to the Treasury Department, they are using the technique of structuring their transactions.
In an effort to identify questionable illegal transactions, financial institutions...Read More
So what is fair market value (FMV)? According to the IRS, it's the price that property would sell for on the open market. This is the price that would be...Read More
Whether you’re getting a vendor credit for a refund or a return, you can record it in QuickBooks Online.
When you’re dealing with your company’s vendors, you’re probably accustomed to money...Read More
One of several identity theft scams IRS Commissioner John A. Koskinen spoke about at a recent IRS Nationwide Tax Forum is a client email hack scam. This happens when a...Read More
If your business is incorporated, it may be a good idea for you to own the business real estate and lease it to your corporation. That's because there are a...Read More
Keeping costs under control is crucial in today's challenging business environment. Without a doubt, one of the quickest ways for a business to cut costs is through staff reduction. But...Read More
QuickBooks provides numerous ways to learn about your company’s health. Income Tracker is one of the most effective.
You can get an enormous amount of useful information from QuickBooks’ reports –...Read More