If you buy and resell products or need to purchase materials to create your own items, good management of your company’s vendor records is critical. Maintaining a physical card file is way too inflexible. You can’t find or edit individual records quickly or easily. They get lost or are illegible because you’ve updated the cards […]
QuickBooks reports are your reward for conscientiously tracking your business income and expenses. Rather than scanning through lists of customer invoices to see which ones are past due, you can run an A/R Aging report with a couple of clicks. Same goes for your bills: A/P Aging. Need to know what items are selling well and which are […]
January is always such a transitional month. You’re trying to wrap up everything that didn’t get done during a hectic December. At the same time, you have to jump into the new year and start doing your regularly-scheduled work. It can be hard to tell sometimes which year you’re working on. Don’t forget about QuickBooks […]
If you’re currently using QuickBooks, you know how it’s transformed your daily bookkeeping practices. You can create sales forms like invoices quickly and find them when you need them. Your customer and vendor records are organized and stored neatly for fast retrieval. You can accept online payments, track your inventory, and record your billable time.But […]
QuickBooks has a feature that can both save time by reducing duplicate data entry and minimize errors. Once you’ve created a transaction, but before you save it, you can memorize it. Then when it comes up again, the software will have created a template that you can either send as is or make any changes […]
After the unprecedented year we’ve just experienced, the last thing you need is to have your accounting data compromised or stolen. It would be impossible to reconstruct your QuickBooks file from scratch, and you can’t afford to have a hacker steal any of your funds. There are numerous steps you can take to protect yourself […]
When you receive an invoice or bill in the mail or online, how much attention do you pay to the way it looks? You might think you don’t pay any attention, but any communication received from vendors patronized does have an effect, and people are more likely to notice if it’s particularly good or bad. […]
Last month covered the process of entering bills in QuickBooks and how you can’t pay bills without first entering them (Vendors | Enter Bills). The steps required to memorize them to save time and repetitive data entry were reviewed, in addition to the importance of using Reminders if you plan to memorize bills. Figure 1: QuickBooks […]
Manually managing your paper bills is a dangerous practice. It is too easy to lose them, for one thing, and it is impossible to keep all of those vendors and amounts in your head. Even if you keep them in a safe place, how do you track their due dates? You can write them on […]