Showing posts from May, 2013

Managing your Business Finances like a Pro: Managing Essential Tasks

As a business owner, you need to track your money that is coming in and coming out. Your reports are only as accurate as your records. The better you understand your cash flow, they better you will make intelligent business decisions.

Recording a Sale Remember that cash sales must be inputted as a sales receipt, not an invoice. Incorrectly coding an on the spot sale is a common mistake, so be careful! What to include when Recording a Sale: Customer: JobTransaction DatePayment MethodItemQuantitySales TaxInvoice a Customer 
An invoice is a bill for later payment. When a customer buys a product you deliver the order in full. What to include on an Invoice: Customer: JobSales TermsItem and QuantityAssign Sales Tax By entering the invoice both your Profit & Loss and the A/R increases.
Receive a payment Once your customer pays the invoice, by check, it is time to record the receipt of payment. What to include in Receive Payment: CustomerPayment AmountPayment MethodDate Received

The A/R will …

QuickBooks Made Easy (Shortcuts for PC)

Do you use QuickBooks often? Here are some quick shortcuts to make your QuickBooks experience a little simpler!

QuickBooks Keyboard Shortcuts The Basics Power Shortcuts Activity Key Activity Key To start QuickBooks without company file Ctrl + Double click Account List, Display Ctrl + A To supress the desktop windows (at Open Company Window) Alt (while opening) Check, Write Ctrl + W Display Information about QuickBooks Ctrl + 1 Copy Transaction in Register Ctrl + O