Reconciling in QuickBooks Online of your bank accounts is probably one of your five least favorite financial chores. It takes time. It takes precision. And it seems like you can never get the difference between those two final numbers down to zero. So it’s easy to just not do it. I’ll just check my bank […]
Customers may be the lifeblood of your business, but they wouldn’t exist without the products and services you sell. It doesn’t matter whether you’re a mineral specimen dealer who does one-off sales, a reseller who sells items you make or buy wholesale in large lots, or a provider of services. You must always know what
Managing Products and Services in QuickBooks Online (QBO) is Essential Read More »
Of all the tasks you have to complete to keep your company’s finances going, trying to collect on unpaid invoices is probably one of the most unpleasant. No one likes contacting a customer and requesting that an outstanding bill be settled. But you know that if you don’t do this when it’s needed, your own
Save Time Sending Automated Reminders in QuickBooks Online Read More »
Taking on a new worker and paying contractors are daunting tasks in terms of your accounting responsibilities as a business owner. If the individual will be an employee, you’ll have tons of paperwork to do as you deal with the IRS and state taxing agencies, benefits providers, and the new hires themselves. Independent contractors, on
Q&A: Paying Contractors Through QuickBooks Online Read More »
Maintaining a healthy inventory of products to sell is always a balancing act. It usually involves a lot of trial and error when your business is fairly new. If you’re selling unique products that you’ve created yourself, it’s not so hard. You make one, you sell it, and your inventory is gone. It gets trickier
5 Tips for Managing Inventory in QuickBooks Online Read More »
Creating a budget that works may be the most challenging task you take on as you manage your company’s accounting. Income can be unpredictable, and expenses are hard to estimate. But a well-crafted budget is key to running a successful business. Maybe you’ve tried before and given up. But maybe you haven’t had the right
You should be running reports in QuickBooks Online on a weekly—if not daily—basis. Here’s what you need to know. You can do a lot of your accounting work in QuickBooks Online by generating reports. You can maintain your customer and vendor profiles. Create and send transactions like invoices and sales receipts, and record payments. Enter
Getting Started with Reports in QuickBooks Online (QBO) Read More »
One way to keep your company’s cash flow positive is by sending automated email reminders to overdue customers within QuickBooks Online (QBO). Most small businesses struggle with cash flow. How do you get customers to pay by the due date, or at least not long after? We’ve written about some of the possible solutions: Accept
How to Automate Email Reminders for Overdue Customers Read More »
