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: Job Transaction Date Payment Method Item Quantity Sales Tax Invoice 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: Job Sales Terms Item and Quantity Assign 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: Custo

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 Cancel Esc Customer: job list, display Ctrl + J Record (when black border is around OK, Next, or previous button) Enter Delete Check, invoice, transaction, or item from list Ctrl + D Record (always) Enter Edit Lists or registers Ctrl + E Quickfill and recall (type first few letters of name and press Tab, name fills in) abc Tab Entering Dates Find Transaction Ctrl + F Selection Key Go to register of transfer account Ctrl +