Whether you use QuickBooks Online or QuickBooks Desktop, there are transactions that are non-posting and transactions that are posting. But what are these non-posting and posting transactions and what do they mean? Let’s dig into these important and sometimes misunderstood transactions. What are Posting Transactions? When you record a business transaction, such as an expense […]
So your Accountant told you to reconcile your accounts in QuickBooks? Great. But you may be asking, “What does he mean, exactly?” Reconciling your bank statements to QuickBooks Online monthly is a crucial part of doing your own bookkeeping. It is a process of ensuring that the amounts you have entered in your QuickBooks file […]
To use or not to use, a QuickBooks Consultant for my QuickBooks Setup? Hmmm. . .Of course you should! Now, I know what you are thinking. “I can do this myself.” You could. But if you are not familiar with accounting or QuickBooks, then seeking help can save you time and money. A QuickBooks consultant […]
When it comes to choosing which QuickBooks platform you will use it is a good idea to see what meets your business needs. I personally use QuickBooks Online for my business and all my clients businesses. On occasion I will use the desktop version. But I love QuickBooks Online because I can access it from […]
In 2018 Intuit released QuickBooks Online Advanced subscription. But it was not until this year, 2020, that they have strongly promoted it. Their goal with this subscription is to streamline workflow and maximize productivity, monitor performance, automate workflows, and have real-time visibility of cash flow. Therefore, this cloud-based accounting solution gives the option to do […]
In today’s day and age, everything is digital. Businesses of the past traditionally had to record all transactions, debits, and credits on paper. Financial statements had to be drawn up for tax purposes through an arduous process in which a bookkeeper went back through a year of transactions. Fortunately, the advent of technology has helped […]
I remember asking myself the same question back in 2000. It was my first accounting position in a plumbing company and the office manager said she was about to show me how to enter bills in QuickBooks. My first thought was, “What is QuickBooks?” In short QuickBooks is an accounting software owned by an American […]