QuickBooks provides several types of asset accounts to categorize your income and capital. You can choose from another current asset, other asset or fixed asset account. Additionally, if you want to change your asset account to another type of income account, you can do that as well. Most oft...
See why QuickBooks is the #1 accounting software for small businesses. ** Start here 3. Write a business plan Writing a business plan is the next important step for starting a small business. Keep in mind that your first business plan isn’t final. Parts of it will likely change as you...
Tip: If you can't access or change this information, please contact your company's primary administrator to change your user access rights. We encourage you to visit each section of the Account and settings page to enable the features that apply to your business. When you...
You may make adjustments to your QuickBooks inventory system to account for sales you make to customers, new inventory purchases and changes to the value of your merchandise. Adjustments may be made at any time, but if you experience frequent changes in your inventory levels, it's best to mak...
QuickBooks financial software integrates the process of tracking your business expenses, inventory and client data with a single software application. When any of your bank balances do not show the correct balance, other elements of QuickBooks may prompt you with errors and warnings. To correct the...
Starting a business is a pursuit that appeals to many, but not everyone knows where to start. This guide will walk you through the elements of starting a business and explain what you can expect as you embark on the journey.
By default, QuickBooks will apply the payment to the oldest invoice first. If you need to pay the invoices in a different order, then you can specify the specific amounts in the Payment column. [Figure: Paying the open balance] Below the table you can see the total amount that will be...
or any other person or organization for costs they incurred on behalf of the company is referred to as “reimburse” in QuickBooks. These might include expenses that were once covered out of pocket by the individual, such as travel, office supplies, lunches, or other business-related charges....
When categorizing merchant fees, it is essential to align the process with the specific components of the fees and the nuances of your business’s payment processing activities. One approach to categorizing merchant fees in QuickBooks involves creating dedicated expense accounts that correspond to the ...
cash moves to and from your business accounts quickly and often requires constant monitoring. If you use QuickBooks to keep track of your business finances, the program has no built-in method for entering tracking electronic withdrawals. Nevertheless, you can enter electronic debits or credits manual...