Many businesses struggle to pay bills these days, so it wouldn’t be surprising if your customers have been submitting payments later than usual these last several months. Still, you need to get paid – and on time – because delinquent receivables have a negative impact on your cash flow.Ways to encourage prompt payment have been […]
Tackling any new piece of software can be daunting. Add a complex process like accounting to the mix, as QuickBooks does, and you may feel apprehensive about your ability to learn how to use it.But QuickBooks was designed for small business people, not for accountants or technical wizards. It uses familiar language and forms, and […]
You already know that when you create a product or service record in QuickBooks, you must assign a sale price to it. But did you know that QuickBooks gives you a great deal of flexibility when to comes to pricing items you sell? The software allows you to create one or more additional Price Levels that you […]
Cash flow is a problem for so many businesses right now. Unless you sell products or services that are in high demand during the COVID-19 pandemic, you’re probably struggling to get payments from customers who are also cash-strapped. Adding a line to your invoices that says something like, “We appreciate your prompt payment” isn’t making […]
Using QuickBooks tools makes it possible to record individual blocks of time that employees have worked and include them in payroll and billing customers when necessary. Each step required to set up QuickBooks for time tracking was discussed as well as the process of creating individual time entries and a completed record for billable time […]
It’s easy to track sales of goods in QuickBooks. You create an invoice or a sales receipt, select the product the customer wants along with the quantity, and save the transaction. QuickBooks reduces the corresponding inventory level and records the purchase in the correct account.Accounting for services sold, however, is a bit more complicated. Whether […]
Businesses are starting to cautiously re-open in the U.S. (at least partially), but we’re still a long way from “normal.” Because of COVID-19, some companies have done very well. Most, though, have had to make changes to comply with health guidelines and keep their customers and employees as safe as possible. And many consumers and […]
If your business has been locked down because of the pandemic, or you are scrambling to hold things together with fewer employees or diminishing sales, you may be depending on QuickBooks more than ever. Whether you’re keeping an eye on dwindling inventory, closely monitoring your daily cash flow, or trying to collect on invoices that […]
In just a few short months, COVID-19 has transformed the entire U.S. small business landscape. Companies are struggling to stay afloat and everyone is eager to get back to “normal.” Unfortunately, it’s unclear when that will happen and during these uncertain times, you may need as much help as you can get.One of the ways […]
