Set Up New QuickBooks File For Both Business & Personal Bookkeeping

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

How To Track Personal Charitable Contributions In Our Business QuickBooks File To Make Taxes Easier

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 Item Setup Dental Insurance Employee Paid After Tax in QuickBooks

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

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

QuickBooks Pro 2019 Enter Loan Payments From Amortization Table

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

QuickBooks Online v QuickBooks Desktop 8.80 Payroll

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

QuickBooks Online 7.80 Generate Report & Export to Excel

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