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 […]
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 […]
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 […]
When you set up your company file, Quickbooks sets up certain accounts for you automatically. However, as your business grows or changes, you might need to add new accounts to your chart of accounts to better organize your finances. Or, you might need an account that was not provided during setup. For example, you might […]
QuickBooks accounting software is an effective, user-friendly application commonly used by small businesses for maintaining their financial information. Accountants frequently recommend it to clients for maintaining cash receipts and disbursements, receivables and payables, payroll, sales tax, and more. Users enjoy the flexibility in the software’s application to a dynamic work environment, and they are often satisfied with its intuitive design, push-button reporting features, and overall […]
