Tag: QuickBOoks

New QuickBooks file designed to be used for both business and personal record keeping with the use of QuickBooks class tracing feature. It is generally recommended to have two QuicKBooks files, one business and one personal, and two bank accounts so that we keep business records as separated as possible. However, some small business owners… Continue reading Set Up New QuickBooks File For Both Business & Personal Bookkeeping

Method to track tax related deductions for charitable contributions, in one QuickBooks file, to make year end tax filing much easier. It is generally good advice to keep personal transactions completely separate from business transactions, keeping two separate set up books, and having two separate checking accounts. There are benefits, however, to tracking some personal… Continue reading How To Track Personal Charitable Contributions In Our Business QuickBooks File To Make Taxes Easier

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 payroll items related to dental insurance. When adding dental insurance payroll item to QuickBooks we will have multiple options. The insurance can be employer paid, employee… Continue reading Payroll Item Setup Dental Insurance Employee Paid After Tax in QuickBooks

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

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 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

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

Enter principle deduction and related interest for loan payments on an installment note in QuickBooks Pro 2019. We will first generate an amortization table. The amortization table is often not given in a loan agreement but is needed to break out interest and principal portions of a loan. The payments of most installment agreement will… Continue reading QuickBooks Pro 2019 Enter Loan Payments From Amortization Table

We will enter payroll transaction into QUickBOoks Online and QuickBooks Desktop 2018 comparing and contrasting the two accounting software. There are many different ways we can deal with payroll. QuickBOoks has at least three levels of paid payroll and we could have payroll done by a third party. Whether we use QuickBooks to process payroll… Continue reading QuickBooks Online v QuickBooks Desktop 8.80 Payroll

We will generate standard reports within QuickBooks Online 2018 after having entered a month worth of financial transactions. We will generate and export to excel the profit and loss or income statement and balance sheet. We will also generate the transaction report by date, an excellent report for checking our data input for the time… Continue reading QuickBooks Online 7.80 Generate Report & Export to Excel