Setting Up the Connection Haven’t connected your financial institution to QuickBooks Online yet? It’s easy. Click the Banking link in the toolbar, then Add Account in the upper right. The Find your bank window opens. Start entering the name of your bank, credit card company, or service like PayPal in the blank field. A list of potential matches will drop down; […]
Keeping Vendor Records in QuickBooks
Filling in Fields To create a vendor record, open the Vendors menu and select Vendor Center. Above the tabbed table, there’s a small toolbar. Open the New Vendor menu and click on New Vendor. A window like this will open: At the top of the screen (not pictured here) is a box labeled Vendor Name. Enter it, then move on to the Opening […]
Setting Up Sales Tax in QuickBooks Online
Setting Up Sales Tax Below is the process of setting up sales tax rates so you can see how it will work. Click the Taxes link in the toolbar. The new screen should open to the Sales Tax Center; if it doesn’t, click its link in the toolbar above. In the right vertical pane, under […]
QuickBooks Online’s Mobile App
If you haven’t yet tried out the site’s companion mobile app, you might be surprised at how much you can actually accomplish on your smartphone. Take a look at the app’s main menu (with a partial view of the Activity screen to the right): You can’t do everything on QuickBooks Online’s smartphone app that you can do […]
What Is a Vendor Credit, and How Do You Record One?
When you need to enter a Vendor Credit in QBO, which you can apply the next time you buy something from that supplier, usually, the process is pretty straightforward. Simple Steps Let’s start with a simple example. Let’s say you received a shipment of pens that you’d planned to use as promotional items for your salespeople. The […]