Category: Accounting

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The Life of an Estimate in QuickBooks Online

June 19, 2019 by in category Accounting, QuickBooks

Estimates-or quotes, or bids-are useful tools when you're pitching a sale of products or services. Here's how QuickBooks Online handles them. Sales estimates are standard procedure in many professions. You wouldn't authorize a car repair without one. Nor would you OK a remodeling job on your kitchen or a summer's worth of yard landscaping without [...]

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Issuing Credit Memos and Refunds in QuickBooks

June 11, 2019 by in category Accounting, QuickBooks

Credit Memos A credit memo is just what it sounds like. A customer returns an item for which they’ve already paid, and you have to credit him or her for its cost. This is the more complicated of the two and requires more bookkeeping, since you’re tracking the sale, its payment, and the return item. [...]

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How to Use Progress Invoicing in QuickBooks Online

May 22, 2019 by in category Accounting, QuickBooks

Does your business do work for clients over weeks or months? Consider using QuickBooks Online's progress invoicing. Let's say you're doing a job or project for a customer that is going to take a long time, but you don't want to wait until you're finished to get paid. Or you've agreed to let a customer [...]

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How QuickBooks Protects Your Data, and How You Can Help

May 14, 2019 by in category Accounting, QuickBooks

The data in your QuickBooks company file contains some of the most sensitive information on your computer. Make sure it's secure. Your customer list is gold. And those Social Security and bank card numbers in your payroll, client, and vendor records need to be protected from intruders and only viewed by authorized employees. It's not [...]

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Holding Inventory on Consignment

April 4, 2018 by in category Accounting, Fishbowl, Inventory Management, QuickBooks

If you’re lucky enough to have suppliers who let you hold inventory on consignment, good for you! Having inventory that you don’t have to pay for until after it’s sold is great for cash flow. However, if you don’t do things right in Fishbowl, consigned inventory is not so great for your accounting records. In [...]

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Is Sales Tax Compliance Making Your Head Spin?

September 14, 2017 by in category Accounting

States are facing budget deficits so—surprise!—many are tinkering with their sales and use tax laws and beefing up enforcement in order to increase their tax revenue. Where does this leave you? Most likely scrambling to make sense of it all. A big issue that everyone is grappling with today is that the ways in which [...]

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