New Business Direction LLCJournal Entries in QuickBooks
As Accountants we default to the tried and true – the journal entry – we use the traditional system of accounting to record, adjust and correct all things. A debit here, a credit there and voila, we are done. Not so in QuickBooks® – Journal entries do not use “Items” and items…
25 Accounting Terms You Should Know
Greetings! It’s back-to-school time. Why not take a page from the kids’ books and do some learning of your own? QuickBooks is easy to use, intuitive and flexible. But it is not an accounting manual or class or tutorial. If your business is exceptionally uncomplicated, you might get by without knowing a…
Cash-Basis Balance Sheet with Accounts Receivable and/or Accounts Payable
When you run financial statements on a Cash Basis in QuickBooks®, the results may not be what you expect. For example, you may find balances for Accounts Receivable and/or Accounts Payable on Balance Sheets run on a Cash Basis. This often means that the client has assigned a Payable or a Receivable…
