Payroll Items are items QuickBooks uses to help run the payroll process and direct the journal entries and accounts that will be effected by processing payroll. We will add a payroll item related to a 401K plan, a type of retirement plan. Adding the 401K plan payroll item will result in two payroll items, one… Continue reading Add 401(K) Payroll Item In QuickBooks
Author: Bob Steele CPA
What Month End Documents Should A QuickBooks Bookkeeper Provide To Client
List, description, and formatting of month end documentation for a small bookkeeping business. We will list out forms and documents a bookkeeper can provide to a client at the end of each month. The forms a bookkeeper provides are the end product and service provided and it is best to format them in as presentable… Continue reading What Month End Documents Should A QuickBooks Bookkeeper Provide To Client
How To Enter Financed equipment to QuickBooks When Using a Cash Basis
Options for entering equipment that was financed into QuickBooks. When entering equipment into QuickBooks we need to record the purchase as an asset rather then an expense. To do this we will create an account in the chart of accounts with the account type of fixed assets. When large equipment is purchased we often have… Continue reading How To Enter Financed equipment to QuickBooks When Using a Cash Basis
5 Most Common QuickBooks Bookkeeping System Problems
We setting up a new QuickBooks bookkeeping system for a new company file we need to outline how the process will work, how we will enter data into the system, how we will sort data, and how we will give the data to clients. When designing a bookkeeping system there are many problem areas we… Continue reading 5 Most Common QuickBooks Bookkeeping System Problems
Simple Way to enter credit card payment QuickBooks
Simple way to enter credit card payments into the QuickBooks accounting software by using the check register. The method for entering credit card payments to QuickBooks is a shortcut and it has its pros and cons. It will be a faster method but we loose some detail we would have if we used a more… Continue reading Simple Way to enter credit card payment QuickBooks
Easy Way To Record Insurance QuickBooks
Easiest way to record insurance payments in QuickBooks. Insurance is an account that usually requires an adjusting entry at the end of the time period. In other word, even if we record insurance perfectly we will usually need an adjustment at the end of the period to make it correct on an accrual basis for… Continue reading Easy Way To Record Insurance QuickBooks
Who Should QuickBooks Bookkeepers Network With
Networking opportunities for QuickBooks bookkeepers. Once we have decided our specialization in QuickBooks bookkeeping we can decide how we want to interact with other accounting professionals. Our focus here will be on specializing as a bookkeeper and not moving into taxation, financial statement preparation, and payroll. By not focusing on areas outside of QuickBooks bookkeeping… Continue reading Who Should QuickBooks Bookkeepers Network With
Simple bookkeeping system for small business QuickBooks
Simple bookkeeping system for a small business or small bookkeeping practice. When we set up a bookkeeping system, whether it be our baseness or a client, we need to specialize the service to the needs of the business. We will set up a bookkeeping system designed for small businesses and discuss the types of businesses… Continue reading Simple bookkeeping system for small business QuickBooks
How to enter expenses from the bank statement to QuickBooks
Enter cash outflows, checks and other outflows, from a bank statement to the QuickBooks Pro 2019 system. We will put together a cash based bookkeeping system we can use for a small business or as a bookkeeping business. We will enter transaction from a bank statement directly inter the QuickBooks check register. As we enter… Continue reading How to enter expenses from the bank statement to QuickBooks
Enter Deposits and Income Into QuickBooks the Easy Way
Enter deposits and income into QuickBooks the easy way. QuickBooks has a large amount of options and we can enter a full accounting process into the QuickBooks system. As we learn how QuickBooks works it is easy to loose track of how to set up a simple accounting system. This lecture will discuss how to… Continue reading Enter Deposits and Income Into QuickBooks the Easy Way