New Business Direction LLCReadying QuickBooks for a New Year
We hope you’ll be ringing out a successful financial year at month’s end. Here’s what you should know about preparing for a new year. End of the year: QuickBooks has been hard at work for the past 11+ months, recording and tracking and storing all of that financial data that you’ve entered…
QuickBooks 2013 is Here!
QuickBooks® 2013 has a number of new features as well as improvements to existing ones. It also has a few problems as evidenced by the fact that they have already issued Release 3 to fix the bugs and it only just hit the retail store shelves in October. Changes in the User…
Announcement: POS V10.0 Certification
Rhonda Rosand, CPA completed her certification in QuickBooks® Point of Sale Version 10.0 in May of 2012. This is her second official recognition in Point of Sale as she was previously accredited in Version 8.0. In order to become a Certified QuickBooks® Point of Sale ProAdvisor, Rhonda was required to be certified…
How to Record Employee Advances in QuickBooks
If your company has a policy that allows you to give your employees advances on upcoming payroll, you can use QuickBooks® and QuickBooks® Payroll to record the advance, which can then be reimbursed to the company through payroll deductions. We recommend that you document any loans to employees with terms for repayment…
Period Copy with Condense Data Feature – New in QuickBooks 2012
New in 2012 – QuickBooks® Accountant and Enterprise Accountant versions only Starting with the 2012 version of QuickBooks® Accountant and QuickBooks® Enterprise Accountant, accounting professionals can now set a date range to extract transactions for a specified period of time and condense transactions outside the date range. This preserves transactions in the…
How to Write off a Bad Debt in QuickBooks
If you are using the Accrual method of accounting and you extend credit to your Customers, as soon as you create an Invoice it is recorded in QuickBooks® as an Accounts Receivable. Unfortunately, you will not always collect all credit you have extended. From time to time you will have Bad Debt – money you…
