QuickBooks Payroll – The Beginning
This is going to be a long series because QuickBooks Payroll is quite sophisticated and must be set up properly. So one of your early questions was why should you spend the extra money for a monthly subscription? My answer is the same as I told you in an earlier article - saves time, increases accuracy and ensures compliance. What you will need in order to operate Payroll is a Service...
Read MoreQuickBooks Quik Tip for the Day – Loan Manager
For companies that have loans that require the tracking of both the principal and interest, the QuickBooks Loan Manager will do just that. No more having to setup those Excel tables or refer to those amortization tables, calculating the loan payments and manually entering the journal entries. All you have to do is go to Menu Bar/Banking/Loan Manager. From there you can Add a Loan, Set Up...
Read MoreQuickBooks Quik Tip for the Day – Audit Trail
This tip is for people in senior accounting positions or owners of the company, that oversee workers in junior positions. There is a function in QuickBooks that keeps track of all types of transactions, voids, deletions and so on. At one time you had to turn it one but the newer versions of QuickBooks have it always-on. This allows a senior person to see if there has been any changes to the...
Read MoreQuickBooks Quik Tip on Banking
There may come a time when you have to do some banking, wherein there is a deposit, but it does not relate to a Customer Payment for which you would normally use Receive Payments. This could be a loan or shareholder’s contribution in which there is a cheque to deposit. Not only that but you would like to receive some cash back to replenish your Petty Cash float. Here’s how you would...
Read MoreQuickBooks – Quik Tip for the Day – Snapshot
The quickest way to view a financial picture of your company’s Income & Expenses, Account Balances, Customers Who Owe Money, Vendors To Pay and Reminders, is by clicking on the Icon Bars Company Snapshot! Remember that you can follow me on Twitter @twitter.com/QuikBooksTrainr for tips and updates also. www.quickbookstrained.com is now mobile friendly. From the web address you can...
Read More
