Another great source of information provided by Intuit is through the QuickBooks Learning Center. Intuit, the maker of QuickBooks, offers easy to follow video tutorials for small businesses and accountants that use the software.Ģ. When you're looking for information on a program, sometimes it's best to turn to the unicorn that began it all.
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Record A Journal Entry In QuickBooks - You'll want to know how to record a journal entry in QuickBooks as the need will arise at some point. You can use memorized transactions to automatically enter any bill, check payment, invoice, or journal entry that regularly reoccurs.ġ0. Use QuickBooks Memorized Transactions - QuickBooks memorized transactions are another great tool. You need to think of the undeposited funds account as those customer payments that are recorded in your QuickBooks file, but are not yet deposited in the bank.ĩ. Understand QuickBooks' Undeposited Funds - The QuickBooks undeposited funds account gives many users trouble. Use Ask My Accountant In QuickBooks - The QuickBooks Ask My Accountant feature is a great place to put questions as well as transactions that you want to research.Ĩ. Having 1099 vendors set up correctly in QuickBooks from the beginning will save you a lot of time come year-end.ħ. Set up 1099 Vendors - It is important to understand how to set up 1099 independent contractors in QuickBooks. Customize Your QuickBooks Icon Bar - Customizing the QuickBooks icon bar boosts efficiency by keeping your favorite and most commonly used functions easily accessible.Ħ. When you pay bills, you should either print your checks or use online bill payment linked to QuickBooks.ĥ. Enter and Pay Bills In QuickBooks - Entering bills and paying bills directly through QuickBooks will help you manage your accounts payable. It will also make your monthly reconciliations go much smoother.Ĥ.
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Print Checks From QuickBooks - Printing checks from QuickBooks increases efficiency by reducing unnecessary data entry. You should also look into automatic backups of your QuickBooks file.ģ. A simple backup can save lots of stress and headaches down the road. Back Up QuickBooks - It seems simple but many users do not back up QuickBooks. Reconciling your accounts is the only way to know that all of your transactions are recorded.Ģ. Reconcile QuickBooks Accounts - This is number one on the list for a reason: it is the most important task. 25 QuickBooks & Bookkeeping Procedures You Need To LearnĦ hours ago Show detailsġ.