When you reconcile your bank account you may notice that there are old entries lingering around that you need to review for clean up. In fact when bank reconciliations are done monthly you should take a hard look at these … Read More
Can I Have More Than One QuickBooks Online Company on the Same Login?
The short answer is yes, you can have as many companies tied to the same login as you want. When you have more than one company tied to the same login, when you sign into QuickBook Online, the first thing … Read More
Changing the Default Bank Account in QuickBooks Desktop
In QuickBooks Desktop it is possible to change the default account that you open up when you do specific tasks. You can set personal Mreferences for the following check writing tasks: Write Checks Paying Bills Paying Sales Tax Making Bank … Read More
Invoice Tracker in QuickBooks Online
One of the nice features of QuickBooks Online when you are using Payments is the Invoice Tracker. The Invoice Tracker is is part of the Invoices Tab and allows you to see at a glance the status of your invoices. … Read More
Multiple Company Discounts in QuickBooks Online
When it comes to QuickBooks Online, each company represents its own subscription which begins to become cost prohibitive when it comes to a client who has multiple entities, because one business is just not enough, right?!?! If they have unique … Read More
How to Write off Accounts Receivable in QuickBooks Desktop and Online
When you go into business, and send your first invoice there is no better feeling than the day you receive your first payment! You race to the bank and deposit it. Each day you continue to invoice, collect, and run … Read More
How to make QuickBooks Balances Agree – A Starting Point
When you start working with a new client, usually there is some clean up work that needs to be done. Rarely do you get “fresh snow” client: Someone that is brand new, never used anything, and is open to anything … Read More
Reclassifying Multiple Transactions at Once in QuickBooks
Once you record transactions, QuickBooks posts to accounts at the time it was recorded, but sometimes you may realize that it was posted to the wrong way. How do you update multiple transactions at once? Fortunately there are several ways … Read More
Handling a Non-Sufficient Funds (NSF Check) in QuickBooks Online (Manual Process)
Uh Oh!! A customer paid you and the payment didn’t go through. In the old days we called that a Bounced Check, but today, we have a softer way to call it, an NSF Check (non-sufficient funds). This can happen … Read More
Handling a Non-Sufficient Funds (NSF) check in QuickBooks Desktop (Bounced Check Feature)
OH NO!! A customer paid you and the payment didn’t go through. In the old days we called that a Bounced Check, but today, we have a softer way to call it, a NSF Check (non-sufficient funds) This can happen … Read More
Setting QuickBooks to Run as Administrator
One of the challenges with QuickBooks Desktop is that QuickBooks needs access to various files and folders to be able to run properly. Often files will need to be updated from time to time, and if QuickBooks does not have … Read More
Handling Consignment Sales in QuickBooks
It is common practice for a retail store to display consignment inventory for a vendor that they have not purchased. This inventory is called Consignment Inventory. The agreement is established so that when the items are sold, the retail store … Read More
Handling an Overpayment in QuickBooks
When you receive more money than your sale is for, and the customer says, “Keep the change,” how do you handle that in QuickBooks? Let’s say this is an invoice for $26.50 and the customer rounds up to $27, what … Read More
Manage Your Account at schoolofbookkeeping.com
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
Handling Barter Transactions in QuickBooks
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