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QuickBooks Tips Blog

QBO Video Tip: How to Create a Recurring Sales Journal Entry

Posted by Danny Judd on Oct 29, 2020 7:30:00 AM

As a business owner, time is one of your most valuable assets.

And at the end of the week, the last thing you want to get caught up doing is a whole bunch of journal entries!

And when it comes to saving time, one of the easiest and quickest ways to do that is by automating your business, or just implementing regular, recurring entries - that you were going to have to make anyways.

One of those is your sales journal entries.

Creating a recurring sales entry can not only save you from having to click through a whole bunch of different line items that are pretty normal, such as daily sales, and even sales tax withholding, but it also works as a really nice reminder that it's something you need to enter.

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Topics: Small Business Bookkeeping, QuickBooks Online

3 Ways to Use Expense Classes and Why You Should

Posted by Tiffany Casey on Feb 28, 2018 9:00:00 AM

When adding an expense in QuickBooks Online, have you ever noticed that little box on the right-hand side labeled “Class”? Ever wondered what it was for? It’s actually a pretty handy organizational tool if you know what to do with it. The Class field allows you to tag or label transactions that you wish to track in their own custom reports. If used properly, creating Classes will allow you to organize special expense items and break them down separately from your regular expense categories. However, if you don’t organize your Classes properly, you might wind up with just a jumble of extra labels that aren’t much help for anything.

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Topics: QuickBooks Online

QuickBooks Online vs Wave: Showdown between Free and Full-service

Posted by Tiffany Casey on Jan 31, 2018 9:00:00 AM

Whenever a new company breaks onto the scene offering a free or significantly discounted version of a well-known service, we all wonder...

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Topics: Small Business Bookkeeping, QuickBooks Online

Everything you need to know about the new QuickBooks Online Bill Pay

Posted by Tiffany Casey on Jan 10, 2018 9:00:00 AM

In April 2017, Intuit launched the first beta version of QuickBooks Online Bill Pay, an add-on bill pay service completely inside QBO. And since its launch, it’s caused quite a stir!

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Topics: QuickBooks Online

Use QuickBooks Online to Turn Year-end from Scary to Merry!

Posted by Tiffany Casey on Dec 13, 2017 9:00:00 AM

The holiday season is upon us! The jack-o-lanterns and spider webs have been packed away for another year, making way for pumpkin pies, twinkling lights, and silver bells. But for business owners, there’s still one huge spooky thing haunting them through the holidays… the Year-end Task List! BOO!

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Topics: Year End Accounting, Year End Bookkeeping

4 Reasons to Integrate your POS with QuickBooks Online

Posted by Tiffany Casey on Dec 6, 2017 9:00:00 AM

A point of sales (POS) system is an invaluable part of your business. New technology has been developed into advanced POS features such as multiple-location platforms, comprehensive databases for customers and products, inventory tracking and purchasing, sale and coupon builders – and the list just keeps growing!

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Topics: QuickBooks For Restaurants, QuickBooks Online

How to Know if You’ve Synced your PayPal Account Correctly with QBO

Posted by Tiffany Casey on Nov 16, 2017 9:00:00 AM

Have you tried to link your PayPal account with your QuickBooks Online (QBO) account?

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Topics: Certified QuickBooks ProAdvisor

5 QuickBooks Online Tools for Cleaning up a Financial Mess

Posted by Tiffany Casey on Oct 11, 2017 9:00:00 AM

It’s happened to all of us – scrolling through screens and shuffling pages with a sinking feeling and brain-blowing headache – trying to make sense of someone else’s financial mess. While cleanup is something we’re paid for, there’s nothing more depressing than feeling like you’ll spend the next six months in a paperwork and spreadsheet prison.

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Topics: QuickBooks Online

How to Solve Issues with Online Banking

Posted by Austin Walker on Aug 2, 2016 8:30:00 AM

One of the most commonly used features of QuickBooks is their online banking feeds. It not only allows for easier and more accurate input of data into the system, but it can also make the reconciliation process quick and easy, provided that there are no duplicate or missing transactions. Online banking allows you to connect credit card and bank accounts to QuickBooks. This way, you don’t need to manually enter transactions, just download or import, then match, and add to your register.

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Topics: QuickBooks Tips

Why is a Balance Sheet in Cash/Accrual Basis Out of Balance?

Posted by Austin Walker on Jun 23, 2016 8:30:00 AM

Your balance sheet not only plays an important role in attracting investors but also allows you to see what your company is worth is at the moment. The balance sheet reveals the financial position of the company at any particular point in time. It reports how much assets, liabilities, and equity the company has at a given time. It can easily show how much the company owns and owes.

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Topics: QuickBooks, QuickBooks Tips