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QuickBooks Tips Blog

Create A Digital Bookkeeping System In QuickBooks

Posted by Matt Roberge on May 9, 2014 7:00:00 AM

Creating a digital bookkeeping system right from the beginning is a step that we highly recommend.  Paper is becoming irrelevant and reducing it in your work place can increase efficiency.  Below are a few reasons that you may want to create a digital bookkeeping system in QuickBooks. 

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Topics: Bookkeeping Services, Accounts Receivable, Bookkeeping Help, Small Business Bookkeeping, Cash Flow, Digital Bookkeeping

Handling Trade Accounts In QuickBooks

Posted by Joe Mazur on Apr 8, 2013 7:00:00 AM

It's not uncommon for a small business to trade goods or services in lieu of cash.  From what I've seen, it usually happens in the early stage of a business since cash flow is tight.  As the business grows and evolves the business owner may shy away from this practice since it can royally mess up the books if it's not properly recorded in QuickBooks.  Sloppy books could lead to an IRS audit, and not properly recording trades can lead to this.  Depending on the frequency of trades, there are a few different ways to record this.  The cleanest way is to set up a Pass Through Account on your Chart of Accounts, and this method will provide the most detail in QuickBooks so it will always be easy to reference the transaction.  There are a few other ways to handle trades, but you will lose some of the details and tracking them down may be a little bit harder as time goes by.  But it may not make sense to set up an elaborate system if a trade only happens once in a blue moon.

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Topics: QuickBooks Tips Blog, Learning QuickBooks, Bookkeeping Help, bookkeeping challenges, Bookkeeping Salt Lake City Service

Video QuickBooks Tip: Printing Checks From QuickBooks

Posted by Matt Roberge on Nov 14, 2012 7:26:00 AM

In this QuickBooks video demonstration I will show you how to print checks directly from QuickBooks.  I will also talk about the many benefits of printing check from QuickBooks.  

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Topics: QuickBooks, QuickBooks Tips, QuickBooks Tips Blog, QuickBooks Video Tips, Efficient Bookkeeping, Efficiently Using QuickBooks, QuickBooks Consultant, Printing QuickBooks Checks, Bookkeeping Help

Video QuickBooks Tip: Tracking Non-Billable Time In QuickBooks

Posted by Matt Roberge on Oct 17, 2012 8:18:00 AM

Tracking non-billable time in QuickBooks is pretty important to your business.  It is important to know where your employees are spending their time that can't be billed back to a customer.  Some business owners may argue that tracking non-billable time is a waste since all time should be considered part of the process of driving new sales.  However, by tracking it you can identify patterns and opportunities that you may be missing with your non-billable time.  Watch this video to learn more about how to track non-billable time and report on it in QuickBooks.

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Topics: QuickBooks, QuickBooks Tips, QuickBooks Blog, QuickBooks Video Tips, QuickBooks advice, Bookkeeping Help, non-billable time