Setting Up the Chart of Accounts
Setting up your chart of accounts needs thought and some understanding of what you “need” to know versus what you “want” to know. The IRS has not accepted one form of accounting system over another. The only requirement is that you keep records and have proof available for those records should you be audited. So
Read MoreSimple QuickBooks Tips – Part IIII
Customize QuickBooks with these simple changes. QuickBooks View Have you setup your QuickBooks icon bar or does it still have the numerous QuickBooks elements pictured? You will find customizing your icon bar under the heading View. With this tool you can take off the icons you won’t use and add items you will use.
Read MoreSimple QuickBooks Tips – Part III
Customize QuickBooks with this simple change relating to 1099s. 1099s in QuickBooks Companies that provide services to your company may require 1099s at year end. Preferences is where you need to turn this on and setup the accounts that you want checked for preparation of the 1099s. Some of the accounts most often used
Read MoreSimple QuickBooks Tips – Part II
Customize QuickBooks with these simple changes. QuickBooks General Tab If you are a tab person, that’s great. But if you are continually hitting enter instead, like me, on the general tab you will find a check box for pressing enter to move between fields. The only drawback is you need to use the F keys
Read MoreSimple QuickBooks Tips – Part I
Customize QuickBooks with these simple changes. Setting Your Preferences Preferences can be found by going to the top of the QuickBooks Main Page. Select “Edit,” and “Preferences” “My Preferences” can be set by each user. This will control how the individual user interacts with QuickBooks. “Company Preferences” are set by the administrator (if
Read MoreUnderstanding List Categories in QuickBooks
List categories is a misunderstood area of QuickBooks, here are some hints and explanations. ITEMS List If you invoice your clients you will need to setup items. You will need one item for each sales account you have setup in your chart of accounts. Item Types The item type you choose depends on what
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