Q: What is the difference between an invoice and a sales receipt?
A: Invoices show up as Income and Accounts Receivable until payment is later received. Invoicing and Receiving Payment are two steps. A sales receipt shows as a one step process of recording the income and receipt of payment.
Q: I am trying to change the posting account and it is not allowing me to make the change; any suggestions?
A: You should first ensure that the date of the transaction is not prior to your closing date (if you have a closing date set). To check this you will need to go to Edit > Preferences > Accounting > Company Preferences.
Make certain that the user account you are logged in to has the permissions to allow you to make changes to transactions. (If you are not the system administrator you will need to check with that person)
If your QuickBooks is freezing then it may be a problem with the date file. In that case you will need to do a data file rebuild.
If these suggestions do not help with you problem please give me a call. Leave a comment and let us know how we are helping you.
Did you see the article I posted on my social media yesterday, about information overload. Check out this article. Information Overload
I think we can all benefit from ‘unplugging’ and regrouping. Remember… work/life balance.
I just read a really interesting article about a study on the correlation between improved health in communities with small businesses. The article cited research demonstrating that the growth of small-businesses is believed to produce positive results in the health of the residents in the community. If you would like to read more on this study copy and paste the following link in to your browser to review the full article.
Correlation between small businesses and better health
Just one more reason to love small business!!
With the plethora of tools at our fingertips, now is the best time to be in business. Everyone is so concerned about the economy but we simply need to avail ourselves of the wonderful tools available on the internet.
The desire to focus on what we do, rather than on billing, project management or those looming tax deadlines is what is at the heart of why every entrepreneur went into business. This has become increasingly easy with tools like remote access, virtual assistants, online accounting packages, and cloud computing. With the wealth of cost-effective online tools now, more than ever, the day-to-day tasks of running your business from your laptop or even a tablet computer is doable.
Make sure you are keeping up on the current technologies that can help you keep your business moving and growing. Keeping your business on track and profitable is a challenge, but it is getting easier and more efficient everyday.
Letting your customers set your standards is a dangerous game, because the race to the bottom is pretty easy to win. Setting your own standards–and living up to them–is a better way to profit. Not to mention a better way to make your day worth all the effort you put into it.
Seth Godin, Seth Godin’s Blog, 07-28-06
Social media is a hot topic that is getting hotter every day! Small businesses are catching on to the value of keeping up with Facebook, Twitter, LinkedIn, etc. Social media offers the possibility of inexpensive ways to reach and interact with customers, but it seems like it takes up a lot of time with a very uncertain return on that investment. There are some tools that can make the process more efficient and painless.
Take some time to read up on it and keep up with advancements. We are seeing the emergence of more easy-to-use tools that will help you reach highly targeted customers. Just a couple of easy to use tools: HootSuite (a tool that helps you keep up with your social media postings) and Constant Contact (a great email marketing tool that also offers functionalities such as surveys). Let us know if you have some other tools that you are utilizing with success to have a cyber-presence.
Q – Is there a way to view the amount owed on a layaway, in my QuickBooks Point of Sale system?
A – You can view the payment history by going to Point of Sale > Layaway List. You will need to highlight the layaway that you are attempting to view the activity on. Then select I Want To… and then click Payment History. The Payment History box will show you the payments made, as well as the remaining balance.
Q: Can I process credit cards with other 3rd party vendors within my QuickBooks Financial or Point of Sale besides Innovative Merchant Solutions?
A: No, Innovative Merchant Solutions is the only credit card processing that interfaces seamless with either Financial or POS. If you want to use a different credit card processor, it will require you to do a separate transaction in QB and then on the credit card machine.
Good design can’t fix broken business models.
Jeffrey Veen, Designing the Friendly Skies, 06-21-06
Are you happy with your business model? Now is a great time to be looking at your model to ensure that it is working well for you. With the beginning of the new year comes a great time to reflect and make changes to the things that are not working well in our business. If you feel the need to have a review or make some changes please keep me in mind.
