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 […]
Receiving Payments in QuickBooks Online (QBO)
It’s one of our favorite activities in QuickBooks Online: recording money that comes in. Are you doing it right? Receive payment on an invoice When payment comes in on an invoice, you can get to the right screens in any of several ways. Click the + (plus) sign in the upper right corner. Under Customers, […]
Recording Simple Expenses in QuickBooks Online (QBO)
Keeping track of your outgoing funds can be challenging, since there are so many ways to complete those transactions. It’s important that all expenses are recorded correctly and consistently, to keep your company file accurate. Tracking even the little expenses is important because so many of your expenses are tax-deductible, and you don’t want to […]
Getting to Know QuickBooks Online Reports
Reports are one of the rewards you get for your conscientious accounting work Are you using them to make better business decisions? Critical Overviews Creating reports in QuickBooks Online (QBO) is easy. Customizing them is a bit harder, and analyzing them, depending on their complexity, can be more of a challenge–get to know QuicKBooks Online […]