QuickBooks Guide: Entering & Paying Bills

Accounts Payable Subsidiary Module (a.k.a., "Vendor Center")

As you purchase equipment, supplies, products, and services to run your business, you will receive bills that need to be paid.  Entering these bills in QuickBooks enables you to not only track information about your purchases, but also to pay these bills.  You can run reports that reflect your unpaid bills at any given point, […]

QuickBooks Guide: Receiving a Payment

Accounts Receivable (Customer Center) Subsidiary Module

When you receive money from a customer, you must receive the payment in QuickBooks so that it records the transaction and marks the invoice as paid.  Upon receipt of a payment, the accounts receivable records are updated, and the payment is ready to be posted as a deposit into an account (i.e., generally a bank […]

QuickBooks Guide: Creating an Invoice

Accounts Receivable Subsidiary Module (a.k.a., "Customer Center")

When your customers don’t pay you in full at the time you provide the product or service, you should keep track of the amount owed.  You can use invoices to keep track of amounts owed from your customers (i.e., your “accounts receivable”). Invoices list all the details about the sale, including the services you’re providing […]

QuickBooks Guide: Setting Up Employees

To process paychecks and prepare tax documents for your employees, you need to neter specific information about each of your employees in Quickbooks. Important Note:  If you are a Quickbooks Payroll subscriber, you will be prompted to add all of your employee information during payroll setup.  Use the following procedure to edit employee information or […]

QuickBooks Guide: Getting Started with Sales Tax (Part 1)

Depending on a number of factors, you might be required to collect sales tax for the products or services you sell. If you collect sales tax, you must pay it to a tax agency on a regular schedule. Quickbooks helps automate your sales tax tracking so you can keep accurate records about the sales tax […]

QuickBooks Guide: Adding Items

  In Quickbooks, an item is anything that your company buys, sells, or resells to run your business.  Items are your products, services, and things such as shipping and handling charges, discounts, and sales tax. When you select an item from the Item list, Quickbooks fills in a description of the line item and calculates […]

Quickbooks Guide: Adding Customers

Customers are the lifeline of your business.  By entering detailed information in Quickbooks about the people and companies to whom you serve, you can personalize their bills, send invoices easily, and quickly view the status of their accounts.  You can add new customers at any time. To add a customer, follow these steps: Click the […]