It’s a gig economy. QuickBooks Online makes it easy to track and pay independent contractors.   In days past we used to call it “moonlighting” – taking on a second, part-time job for extra money. And we saw how prevalent this became was when millions of people had to resort to side gigs to… Read more »

  How you record a customer payment in QuickBooks depends on why and how you received it.   One of the reasons we like QuickBooks is because it uses language and processes that are familiar to small businesspeople. Instead of using the term “accounts receivable,” it has a menu label that says Customers and menu… Read more »

Using Product and Service Records in QuickBooks Online Last month, we created product and service records in QuickBooks Online. This month, we’ll explore how they’re used on the site   If you ever did your accounting manually, you probably remember how tired you got of writing or typing the same things over and over. You… Read more »

Polish Your Image: Customize QuickBooks’ Forms The invoices and other forms you send to customers and vendors should reflect your company’s attention to detail, accuracy, and consistency.   Every opportunity you have to interact with your customers and vendors is critical. Whether it’s a phone call, an in-person connection, or an email, how you present… Read more »

  Get Paid Faster Using QuickBooks Are your customers slow about paying their invoices? QuickBooks can help accelerate your receivables.   Your company’s cash flow depends largely on how quickly your customers pay the invoices you’ve sent. And if you’re like most small businesses, those checks tend to dribble in close to-and after-the due date…. Read more »

Creating Product and Service Records in QuickBooks Online QuickBooks Online is good at managing and tracking inventory – as long as you’ve created thorough records.   When you first started your business, you might have been able to keep track of your merchandise by counting manually. But as you and your product list grew, this… Read more »

Getting Ready for Payroll in QuickBooks Online Taking on your company’s payroll with QuickBooks Online? Knowing what you’re up against ahead of time will make your setup tasks much easier   Payroll is probably the most complex element of small business accounting. Not only are you directly responsible to your employees, but you also have… Read more »

Tracking Time in QuickBooks, Part 2 We’ll be continuing the two-part series we started last month.   Last month, we learned about getting QuickBooks ready for time-tracking by activating it in Preferences. We also created a record for a service item. This month, we’ll actually use that record in the two ways you’ll be using… Read more »

  Customize QuickBooks Online Using Settings You can start using QuickBooks Online the first time you sign in. However, your tasks will be easier and faster, if you customize it for your company.   QuickBooks Online was designed to be used by a variety of business types; that’s one reason why it’s such a popular… Read more »

Tracking Time in QuickBooks, Part 1   If your company sells services, you can track the time spent providing them in QuickBooks.   When you sell a product to a customer, you know it. It goes away, and your inventory count in QuickBooks is reduced by one. This tracking helps you know what’s selling and… Read more »