Category: Working with QuickBooks
Tracking Use Tax on Purchases in QuickBooks
I was recently asked by a reader about how to track Use Tax on purchases in QuickBooks. In states that charge sales tax, purchasers within those states often avoid paying tax by purchasing items from out-of-state suppliers. However, they are required to report those purchases to the state in which they“use” the purchased items, and [...]
QuickBooks Accountant’s Copy File Transfer Service Problems with Recent Updates
If you are an accounting professional and you use the QuickBooks Accountant’s Copy File Transfer (ACFT) service to exchange adjustments with your clients, you need to be aware of recent changes in that service and how that relates to the versions of QuickBooks that you and your client are using. Your client may run into [...]
QuickBooks Manufacturing with Fishbowl–Lot Numbers
I thought it might interesting to complement Charlie Russell’s recent QuickBooks manufacturing article (Quickbooks Manufacturing-Lot Number Workaround) with a similar one on the Fishbowl Manufacturing process using lot numbers. We will see that Charlie’s workaround of splitting lines to pick different lot numbers is systematized in the Fishbowl process. Editors Note: Fishbowl is an inventory [...]
Intuit Practice Management
Intuit is rolling out a new cloud-based product for accounting professionals this week, Intuit Practice Management (IPM). This product has been in “pilot” status for over two years now, but now anyone can sign up for it. Let’s take a quick look at what this offers. What does “practice management” mean to you? Different people [...]
Working with Remote QuickBooks Clients, Remotely
QuickBooks for Windows is a desktop product, but nowadays we find that there is a great deal of interest in being able to work with QuickBooks from a remote location. This could be an employee wanting to work with data while on the road, a manager checking info from home, or an accounting professional managing [...]
QuickBooks Manufacturing–Lot Number Workaround
QuickBooks Enterprise has an optional Advanced Inventory add-on (which is an annual subscription) and one of the features is Inventory Lot Tracking. However, when you use this in a manufacturing environment there are a few little tricks you need to be aware of. Let’s talk about what to do if your component demand is larger [...]
QuickBooks Sales Tax– Negative Value on Liability Report
If you are using the sales tax feature in QuickBooks then you are most likely relying on the Sales Tax Liability report to show you the total taxable sales amount for your reporting period. Sometimes, though, there can be a very confusing entry in that report, and I often get calls asking about this. People [...]
Considerations for Converting from QuickBooks Online to Desktop
So you’ve made the decision? You really must switch from QuickBooks Online to Pro, Premier or Enterprise? You probably think I’m disappointed, but I promise, I’m not. I totally understand and I’m here to help you make the transition. As I previously mentioned, there are just some things that QuickBooks Online (QBO) can’t do that [...]
Restaurant Accounting with QuickBooks: Recording Daily Sales
A restaurant’s success relies on an effective back office accounting system, and QuickBooks financial software can be a critical part of that success. QuickBooks can be used for purchasing, bill paying, tips tracking, gift certificates, cash management, time tracking, and payroll. However, restaurants that choose QuickBooks for their accounting will need to understand how to [...]
Mass Updater Utility for QuickBooks Data
How many times have you found yourself needing to make a mass change of some type to your QuickBooks transaction data? It may be simple enough to make that change on a few transactions, but what if it is the same item of information hundreds of different transaction? Perhaps you mistakenly entered a group of [...]
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