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…
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…
Very often small business owners try to categorize their personal expenses in their business but they aren’t expenses of the business. In fact the best recommended practice is to create an owner’s draw. Here’s how: 1) Create each owner or partner as a Vendor/Supplier: From Dashboard: Expenses > Vendors/Suppliers > Choose New Enter and save…
If you’re a small business owner, often times accounting or bookkeeping isn’t always your area of expertise. As such, tracking all the money coming in and out of the business can get tricky. One common question is how do you categorize personal expenses in QuickBooks? Actually, you don’t. The business doesn’t have ‘personal expenses’. Creating…
Is QuickBooks Working for YOU? Join this informal, round-table style small group discussion and bring your QuickBooks questions. QuickBooks: The Basics will provide an overview of QuickBooks programs (I.e. QuickBooks Online, Premier, Pro, and Enterprise), the chart of accounts, popular reports and how business owners might best use its tools to benefit their own business….
We’re happy to announce Business Support Services Northwest, LLC / ProFound Impact has joined the Anacortes Chamber of Commerce. We look forward to getting to know our fellow chamber members, members of the community and doing our part to support the efforts of this terrific city! In case you didn’t know … Anacortes, WA, is located…
Family Business / QuickBooks Consulting * Special Offer * $100 OFF First Family Meeting Are you a Family Operated Business? Then this Special Offer is for YOU! (Expires: 6/30/17) Veteran business coach, Chris McGee has over 25 years of proven experience with family business coaching. He teaches family members how to understand business reports and how…
(Video 2:40 min) QuickBooks has terrific categorizing features created so users can get a snapshot view of their business’ overall ‘health’ by easily comparing expenses with income. (Related Article: “Say Cheese”- Company Snapshot in QuickBooks). View them as a percentage to get a clearer picture of where the money is going. Here’s an Intuit tutorial…
Announcement: We’ll be presenting a Cash Flow workshop to the farming community on Thursday, March 16 from 10 – 11:30 am at Sustainable Connections (Free). “Fundamentals Cash Flow for Farmers” explores the fundamental aspects of Cash Flow. Presented by Chris McGee, he’ll review the business reports that make up the building blocks of Cash Flow and show attendees how…
YouTube Video 1:30 Related article: Get Paid Sooner Contact Chris McGee at (360) 303-5798 for fast QuickBooks [Online (QBO)] technical support or if you’d like to learn more about customizing your QuickBooks Online &/or Pro, Premier or Enterprise. ProFound Impact is a division of Business Support Services Northwest, LLC. Chris McGee has been a Business Coach…
