Category: QuickBooks Tips

How to Fix Reconciliation Discrepancies in QuickBooks®

What is a bank reconciliation and why is it important? It’s the comparison between your money/cash business transactions (book balance) and those of your bank (bank balance). When the amounts match or are the same then they are in balance and your account is described as reconciled. How to fix reconciliation discrepancies. What if your…

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Intuit Will Discontinue Some of Its Services on May 31, 2018

After May 31st, Intuit will discontinue its services for: QuickBooks® Desktop Pro, Premier 2015 QuickBooks® Desktop for Mac 2015 QuickBooks® Enterprise Solutions 2015 QuickBooks® Premier Accountant Edition 2015 QuickBooks® Desktop POS 2013 Basic, Pro and Multi Store software and QuickBooks® POS Payments QuickBooks® Desktop POS 12.0 Basic, Pro and Multi Store software Click Here For…

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Tracking Sustainability With QuickBooks

Accounting for Sustainability: April 4, 2018 – Bellingham, WA QuickBooks desktop versions of Pro, Premier and Enterprise all have powerful reporting capabilities which are often underutilized. Important are the balance sheet, profit and loss and statement of cash flow but more reports can be created and customized specific to your company’s agenda, particularly as it…

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Reconciling Payroll Fees in QuickBooks Online (QBO)

If you’re using QuickBooks Online (QBO) and have subscribed for payroll, you may be having trouble reconciling your payroll fees. They are not automatically recorded in the online version of QuickBooks. You will have to manually record them. (Note: we recommend you consult with an accounting professional how to best record your payroll fees.) If…

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Where does all the money go?

The chart of accounts is how you know how much money your company has, what it owes, what monies are coming in as well as going out. Conveniently, QuickBooks comes with a chart of account ‘built-in’ in either standard or industry specific accounts. Common things to add to their ‘pre-populated’ list are things like company…

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QuickBooks Tip:  Reconciling Accounts

PFI Coach QuickBooks TIP: Connect your bank accounts to QuickBooks. Once connected your daily transactions get downloaded automatically into QuickBooks each night. Categorizing them throughout the month makes reconciling much simpler. While reconciling or ‘matching’ your bank statement with your expenses listed in ‘Checks and Payments’, make sure you only check the box on the…

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