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QuickBooks Tips Blog

QuickBooks Class Tracking And Small Business Marketing

Posted by Joe Mazur on Sep 30, 2013 7:30:00 AM

Class Tracking in QuickBooks is a great tool that can be used by small business owners to help them take their revenue tracking and marketing efforts to the next level.  If used correctly, it can
produce some eye opening moments.  There are various ways to use class tracking and one of those methods that I feel is highly relevant is revenue tracking.  Tracking the sources of your revenue can show a lot of valuable info and may shed some light on where marketing efforts should be focused.  Are networking efforts paying off, are inbound marketing campaigns resulting in revenue, or are word of mouth referrals producing a surprising amount of revenue?  These are questions that can easily be answered with a few clicks of a mouse if the proper bookkeeping techniques are put in place and Class Tracking is used in QuickBooks.

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Topics: Financial Reports, learn QuickBooks, class tracking

How to Record a Settlement of Debt in QuickBooks

Posted by Alex Viau on Jan 11, 2013 6:02:00 AM

We all fall behind on our bills at one point or another in our lives but others may go a little further then that just like Han Solo. Forgoing payment to a particular vendor for an extended period of time may turn into  insurmountable debt. The debt may now become a loan, which will require you to record a settlement of debt in QuickBooks to help keep your books balanced. I hope for your sake though it never gets as bad as Han Solo.

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Topics: QuickBooks Tips, QuickBooks Tips Blog, Learning QuickBooks, learn QuickBooks, Personal Bookkeeping, Settlement of Debt, Debt Relief

Video QuickBooks Tip: Learning QuickBooks Basics

Posted by Matt Roberge on Sep 26, 2012 7:19:00 AM

In this QuickBooks video tutorial I will cover the basics of QuickBooks.  This is a very short video to give you a brief overview of what I consider the core basic bookkeeping functions of QuickBooks.  I will touch on the chart of accounts, how to enter an invoice, how to enter a bill, how to pay a bill, how to make a journal entry and how to reconcile an account.   

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Topics: QuickBooks, QuickBooks Tips, QuickBooks Tips Blog, QuickBooks Video Tips, Learning QuickBooks, QuickBooks Basics, learn QuickBooks, Salt Lake City Bookkeeping

Favorite Courses of Action When Learning QuickBooks

Posted by Matt Roberge on Jul 3, 2012 9:19:00 AM

If you are currently leaning towards learning QuickBooks in order to keep your accounting more organized and accurate, there are certainly a number of options and convenient ways in which to do so. Whether you require the precision of this professional computer program for business reasons, personal purposes, or both, simply deciding to learn is definitely a step in the right direction.

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Topics: Learning QuickBooks, Bookkeeping Salt Lake City, Bookkeeping Services, learn QuickBooks, Bookkeeping mistakes, Outsourced Accounting, Outsourced Bookkeeping

Why To Use Job Costing In QuickBooks

Posted by Matt Roberge on Jun 2, 2012 7:35:00 AM

If your company isn’t creating estimates in QuickBooks prior to beginning a job, then you could be making a huge mistake. While construction corporations generally use estimating, it should also be used by any business that creates quotes or bids through job costing in QuickBooks. Here are some of the top reasons why every company can benefit from the job-costing feature in QuickBooks.

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Topics: QuickBooks consulting, QuickBooks advice, learn QuickBooks, QuickBooks Class Tracking, Job Costing In QuickBooks, Job Costing

5 Essential QuickBooks Tips You Must Utilize

Posted by Matt Roberge on Apr 24, 2012 8:07:00 AM

There are lots of people and businesses out there that use QuickBooks, but not everyone uses the software as effectively as possible.  Some users understand specific facets of the software extensively and other aspects they don't understand at all.  Follow these five essential QuickBooks tips and get the most out of the software.

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Topics: QuickBooks Tips, QuickBooks consulting, QuickBooks advice, QuickBooks efficiency, QuickBooks Reconciliation, learn QuickBooks, QuickBooks Importing

Daily Deals: Handling Deferred Revenue and Expenses in Quickbooks

Posted by Joe Mazur on Mar 1, 2012 7:43:00 PM

You don't have to look too far to find a discounted coupon online these days.  It may be been around for a while, but it really exploded with Groupon.  Other companies such as livingsocial.com, plumdistrict.com, ksldeals.com, etc. have followed suit and jumped into the daily deal game.  You don't have to look too far to find a daily deal or some sort of coupon or voucher online. From a business's stand point; they can be hard to handle accounting wise. 
Small businesses use these discounted coupons to catapult themselves to a much larger customer base.  There are a handful of ways to track the sales and redemptions of these coupons.  Here are a few key points with handling these daily deals or coupons in Quickbooks.

 

Have a Great Contact

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Topics: QuickBooks Tips, Do It Yourself Bookkeeping, QuickBooks consulting, Efficiently Using QuickBooks, memorizing QuickBooks transactions, Business Efficiency, learn QuickBooks, bookkeeping challenges, chart of accounts, Small Business Accounting

QuickBooks Tip: Understanding how to Handle Payments in QuickBooks

Posted by Matt Roberge on Sep 7, 2011 12:15:00 PM

I wanted to explain the proper way to receive payments and record them in the bank account in QuickBooks since many users seem to struggle with this process.  I have come up with a simple way to explain this process to our clients so that they understand it.  I will break the process down into the three icons that QuickBooks uses: Invoicing, Receive Payments and Record Deposits.

Invoicing and Statement Charges

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Topics: QuickBooks, QuickBooks Tips, Do It Yourself Bookkeeping, QuickBooks advice, learn QuickBooks

QuickBooks Tip: Using QuickBooks to Track Personal/Family Finances

Posted by Matt Roberge on Jul 6, 2011 12:08:00 PM

QuickBooks can be a valuable tool for tracking personal and family finances, not just those of businesses.  Many people track their business income and expenses extremely carefully, but then pay less attention to tracking their personal finances.  Sure most people have a general understanding of their monthly expenses and income, they have a feel for how much debt they are carrying and they also know how much and where they are investing.  However, wouldn't it be nice to know exactly where you stand at all times?

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Topics: QuickBooks, QuickBooks Tips, learn QuickBooks, Personal Bookkeeping

Using Quickbooks Memorized Transactions List

Posted by Joe Mazur on May 10, 2011 9:15:00 AM

When working on your books, you want to work both efficiently and quickly.  Data entry is one of the items that tends to stand in the way of this.  If you ever find yourself entering the same thing daily, monthly, or even quartely then you might was to start using the Memorized Transactions List.  There are people that have plenty of time to waste during their 8 hour day and struggle to keep busy.  But there are people out there that need to work quickly and efficiently.  If you are a business owner, office manager, a hard worker, or a person that values and utilizies their time, then this is for you. 

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Topics: Efficient Bookkeeping, Do It Yourself Bookkeeping, QuickBooks advice, Efficiently Using QuickBooks, memorizing QuickBooks transactions, Business Efficiency, learn QuickBooks, do it yourself