Computers can handle your bookkeeping much cheaper than a person so the more you can automate this process, the less you have to spend. Automating your accounting process One of the biggest considerations in automating parts of your accounting process, is to have a bank that works with your financial software. Choosing the right bank [...]
In this video, we learn how to issue a refund on a paid invoice. Note, this is not the same as issuing a cash refund when a sales receipt was created.
Unapplied cash payments are cash basis adjustments in QuickBooks Online. You might have noticed this line item when you run a cash basis profit and loss statement. In this video, I discuss briefly about what to do about unapplied payments in QBO.
Every business owner has a profit motive. Thе рrоfіt mоtіvе, соmmоnlу known as the bоttоm line, must bе monitored through proper bооk kееріng procedures. A good bookkeeping procedure will help track аll іnсоmе аnd еxреnѕеѕ that relate to thе fіrm аnd thuѕ еlіmіnаtе undеrѕtаtіng оr оvеrѕtаtіng уоur bоttоm line. Hеrе аrе thе Do's аnd Dоn't [...]