Many businesses require prepayment for goods or services. This is great to ensure you will be paid for the job or the materials ordered, but tracking it can be tricky. Ideally, the payment should be tracked in a way that … Read More
If you are running a Cash basis Profit and Loss, you might see a couple accounts that are unfamiliar: Unapplied Cash Payment Income Unapplied Cash Payment Expense This article will talk about what they are, how they got there, and … Read More
In the never-ending dilemma of QB Online vs. Desktop, there are three camps: “QB Desktop or Bust!!!” “QB Online is the wave of the future” “I like both” If you are part of the first two camps, the mere mention … Read More
If you need to update, modify, or cancel your account, Good news!! You’ve come to the right place!! Even better news, you can manage all of that in one place. Here at schoolofbookkeeping.com, we feel simple is better, so your … Read More
We all remember Schoolhouse Rock on Saturday mornings, right?!? Catchy tunes to help us little kids grasp “adulting” concepts like how a Bill becomes a Law, or what a conjunction is. One of their cartoons revolved around the concept of … Read More
No one likes to wait for their money to get paid by a client. It’s painful to make collection calls and even worse hearing “the check is in the mail”. Accepting credit cards is the cost of doing business and … Read More
We are often asked “How do I automatically bill and collect from my client for a monthly bookkeeping fee?” Here are the steps to set up automatic recurring invoicing. Start with a QuickBooks Payments account. Next, create a sales receipt. … Read More
We are often asked “How do I automatically bill and collect from my client for a monthly bookkeeping fee?” This new feature has now been added to QuickBooks Online. This can save a tremendous amount of time and the best … Read More
As a response to the COVID-19 crisis, and helping Small Businesses stay afloat, the Federal Government has passed several bills. One such program was to create funding programs through the Small Business Agency (SBA) called the Paycheck Protection Program (PPP). … Read More
Breaking news! Intuit, the makers of QuickBooks have been working hard to support both, end-users and QuickBooks ProAdvisors. All small businesses have been impacted by COVID-19 and are struggling with the uncertainty of the economic impact. These initiatives Intuit will … Read More
Are You Aware Of The Vast Array Of Choices For Your Customer When They Need QuickBooks? As a Certified ProAdvisor, product expert and consultant of QuickBooks, I am excited about all the options that we have for our clients to … Read More
As a QuickBooks consultant, we often have to figure out workflows for unusual situations involving inventory. For customers that are new to the business, they may have to prepay for inventory that they have not received. It’s important to manage … Read More
Want to know a secret? Well, it is not actually a secret but many people don’t know about it. QuickBooks Point of Sale plus GoPayment allows for real-time inventory tracking and mobile sales. Did you know that you can use … Read More
To remain competitive in business, we must automate so that we can operate efficiently. The world is continuously changing at rapid speed. You don’t want to be left behind and miss out on all the ways it can improve your … Read More
Goals give us direction. They create something to aim for and sets you on the path to success. If you didn’t accomplish what you had hoped in the last year, it might be because you set the wrong objectives or … Read More
The holidays are the most wonderful time of the year for most people. But for some, it can cause tremendous stress. Thinking about all the work you need to get done, gifts to buy, holiday parties you don’t want to … Read More
We are gearing up to attend QuickBooks Connect next week. At the conference, we seek to meet people we can collaborate with for our business as well as those we can help support through our Ignite Program. Conferences are where magic can happen because you get to connect with people from all over the world who can potentially help you leverage your practice to take it to the next level. The relationships we make by spending time with other experts, help us learn from the experiences of others and find ways to innovate what we do.
You don’t need a lot of physical possessions to be successful, produce great results, and gain social status. Everyday when you venture out into the world, you won’t always have the right physical possessions but you can carry around an endless amount of confidence with you.
…you can always attend a regular course at a university, join a club, or self teach regularly. I’ve been playing guitar for 10 years and every other week I teach myself a new song, then practice perfecting the piece until the next two weeks. Do this habitually.
Imagine being able to manage your practice from anywhere; even an island in the tropics. Today, you can. As I was writing this post, I began thinking about our very own clients, none of which I’ve never actually met in person. I’ve never even met my business partners in person. Online has changed the way we do business, both for our clients and for us.