Do you use “creative” ways of managing your credit cards in QuickBooks? In Alicia’s latest post on Lynda.com, she talks about the 3 most common situations that can trip you up when trying to record credit card transactions: not using Credit Card accounts, combining business and personal expenses, and getting cash back. Read the article […]
Two of Alicia’s posts about QuickBooks, How to Do Job Costing in QuickBooks When You Outsource Payroll and How to Record Credit Card Cash Rewards in QuickBooks have been published on the blog of schoolofbookkeeping.com, Too Legit to Audit. Check them out!
QuickBooks has a powerful Job Costing feature that allows you to compare the income you made from a job to the expenses you incurred to provide the product or service. It allows to you see if a project was profitable or not. If you’re a contractor or other professional who really wants to know if […]
I just got a new credit card that gives me cash back, a percentage of the money I spend. When I imported the refund transaction into QuickBooks, I was at a loss as to where to put the rebate. A little web research brought up two approaches for recording credit card cash rewards in QuickBooks. 1. […]
One consideration if you’re using QuickBooks Online is that you are storing your company’s mission-critical data on Intuit’s server. They insist that it’s stored in multiple locations, with backups, and that all are encrypted. So I’m not really concerned about someone breaking into my file, but what I AM concerned about is that there is […]
Now that it’s January again, the attention of business owners large and small turns to their accounting systems. Since so many entrepreneurs declare their intentions for the new year, they sit down in front of the their computers with their bank statements and are immediately stumped. Only one week into January, I’ve already set up QuickBooks […]