It has been a long time since I posted anything, but I’m back in the saddle. Here is the biggest QuickBooks thing I’ve learned over the last 8 months: QuickBooks has a built-in calculator!
QuickBooks has a Secret Calculator
Tag: QuickBooks
QuickBooks Online: Getting a refund for an uncleared Bill Pay check
When you cut your own checks, what do you do if someone loses the check? If it’s a large check, you might contact the bank to put a Stop on the check. For most checks, you just void it in your accounting system.
What if the check is lost when you use QuickBooks Online’s Bill Pay? The money has been withdrawn from your account, but the vendor never received the check. How do you get the money back into your account?
Prepaid Expenses in QuickBooks Online
For churches and nonprofits using the accrual basis of accounting, how do you properly record prepaid expenses such as security deposits or annual insurance premiums? That’s what I cover in this weeks post. The video shows you an actual example in QuickBooks Online.
What is the Desktop App for QuickBooks Online?
Transitioning from the desktop version of QuickBooks to the Online version can be a challenge. It looks and feels so different from what you are used to.
QuickBooks released a new app for their online version to help those struggling with the transitions. In the video, I give you a very quick preview of the app.
How do you account for health insurance withholdings?
For a long time, I was spoiled and didn’t realize it. My health insurance bill was due at the end of the month it was for. I just realized that this is not typical. Normally health insurance is paid a month ahead.
How do you account for this payment and the related payroll withholdings?
Cash or Accrual in QuickBooks Online
Churches are kind of known for playing fast and loose with accounting rules. This makes sense as they are much more concerned about making disciples of Jesus than making a profit.
In this article, I look at the importance of adopting consistent rules for when to record transactions (i.e., cash or accrual accounting).
Fixing the Opening Balance Equity in QuickBooks for a Church
One subject I’ve neglected for years is what a church should do with that Opening Balance Equity in QuickBooks. I’ll cover this topic to finally clean up this part of your church’s Balance Sheet.