Tag Archives: Quickbooks 2011

QuickBooks Quick Tips – How to Change the Posting Account

QuickBooks Quick Tips – How to Change the Posting Account 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 … Continue reading

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QuickBooks Quick Tips – Chart of Accounts

One of the most essential parts of the quality of your QuickBooks information is to ensure that you have set it up properly. I find that many people do not have a full understanding of the importance of setting up … Continue reading

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QuickBooks Quick Tip – What’s The Balance Sheet?

QuickBooks Quick Tip – What’s The Balance Sheet? The balance sheet is an accounting report that forms the basis of much of the financial reporting necessary to help the entrepreneur drive their business from a financially savvy perspective. The balance … Continue reading

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QuickBooks Quick Tips – Understanding The Balance Sheet (part two)

QuickBooks Quick Tips – Understanding The Balance Sheet (part two) A great follow up to my post on assets is a discussion of liabilities… Liabilities are what the business owes. Liability account types include: ACCOUNTS PAYABLE = what is unpaid … Continue reading

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QuickBooks Quick Tips – Understanding your Balance Sheet (part one)

To drive your business from a financially savvy perspective, it is imperative that you have an understanding of your financial reports. One of the main things that I do in my consulting service is to help entrepreneurs understand what their … Continue reading

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QuickBooks QuickTip – Sales Receipt vs. Invoice

QuickBooks QuickTip – Sales Receipt vs. Invoice Q: What is the difference in a sales receipt and an invoice? A: The sales receipt creates income and cash at the same time; whereas the invoice creates an accounts receivable until you … Continue reading

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QuickBooks QuickTips – Credit Memos

QuickBooks QuickTips – Credit Memos Q: I need to enter a credit memo to record and document a customer refund. How do I do that? A: In your QuickBooks file go to Customers > Create Credit Memos/Refunds. Select the customer … Continue reading

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QuickBooks QuickTip – Changing Default ‘Deposit To’ Account

QuickBooks QuickTip – Changing Default ‘Deposit To’ Account Q. How do I change my default ‘Deposit To’ account? A. There are two ways to accomplish this: 1. Edit > Preferences choose the My Preferences tab and click on Checking in … Continue reading

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QuickBooks Quick Tip – Making Adjustments for Entries

What is the best way to adjust my QuickBooks data entry? All too often people will fall back on journal entries to clear up an adjustment that needs to be made in QuickBooks. There are better options available. QuickBooks offers some … Continue reading

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Review Your Financials

Review Your Financials – Right now is a great time to meet with your accountant or tax preparer to go over your financials.

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