How to Create Projects in QuickBooks Online

If you’re using QuickBooks Online Plus or Advanced, you can create projects and track their profitability.   You already know how to determine whether your business is making or losing money overall: you run a Profit and Loss report. But what if you want to break this data down further? How can you tell whether… Read more »

Setting Up Sales Tax in QuickBooks, Part 2

Now that you have your sales taxes set up, you’ll be able to use them in transactions and reports.   Last month, we talked about the process of setting up sales taxes in QuickBooks. To recap a bit, you first have to go to Edit | Preferences | Sales Tax to make sure the software… Read more »

Setting Up Sales Taxes in QuickBooks, Part 1

If your business is required to collect and pay sales taxes, you can use QuickBooks’ tools to help you meet those obligations.   Next to payroll, state sales taxes represent probably the most complex element of your accounting tasks. QuickBooks can help with the mechanics, but there’s a lot you need to learn before you… Read more »

Who Owes You? 5 QuickBooks Online Reports That Can Tell You Fast

Keep a constant watch on your accounts receivable to improve cash flow.   Quick: How many of your invoices are unpaid? Have any of your customers gone over 30 days past due? Did you bill all of the time and expenses for that project you just completed for a customer?   If you’re doing your… Read more »

5 Things You Should Know About the Chart of Accounts in QuickBooks Online

QuickBooks Online doesn’t require deep knowledge of accounting principles. Still, there are concepts you should understand.   You probably didn’t expect you’d have to become an accounting expert when you started your business. You knew you’d have to deal with recording income and expenses – maybe track your inventory and process a payroll. But you… Read more »

Creating Statement Charges in QuickBooks

There’s more than one way to bill customers for your products and services. A statement charge is one of them.   Depending on what kind of business you have, you probably have a preferred way of billing customers. If they walk into your shop and present a credit card or cash, you create sales receipts…. Read more »

Need Advanced Time-Tracking? Connect QuickBooks Online to An App

You can track the hours employees work in QuickBooks Online. But if your time-tracking needs are complex enough, you’ll need an integrated app.   If your company has a staff and sells services, you know better than anyone that time is money. It’s critical that you track every minute that employees work, as well as… Read more »

Using QuickBooks’ Bill Tracker

If your business pays a lot of bills, you need an efficient system for staying current with them. QuickBooks’ Bill Tracker provides that.   Bill-paying may be your least favorite accounting activity. You definitely know how those checks and online payments affect your account balances, but it’s more than that. Staying up to date with… Read more »

4 Things You Should Know About Advanced Settings in QuickBooks Online

Do you know about all of QuickBooks Online’s settings? What you’re missing may be important.   Looking through all the settings available in QuickBooks Online is something like reading the owner’s manual when you get a new car. You know you should do it, but you find yourself consulting it only when you encounter a… Read more »

Do You Need to Bundle Products in QuickBooks? Create Assemblies

If you frequently sell multiple inventory items grouped together, you need to learn about QuickBooks’ assemblies.   Let’s say you run a home improvement retail outlet, and one of the things you sell is doors. You might sell their parts-door frames, hinges, doorknobs, etc.-individually, in case a customer needs to replace a piece. You may… Read more »