Don’t wait until the tax deadline is upon you, save your accountant time and yourself money by cleaning your books up now. If everything is ready to hand-off at tax time, your accountant’s time can be spent maximizing deductions rather than charging you for cleanup work. Attend 1 or all 3 FREE QuickBooks Advanced Reporting Q&A sessions…
Meet with PFI Coach, Chris McGee to discuss QuickBooks’ best Advanced Reporting practices. Providing experienced QB Users the opportunity for round-table style, in-depth conversation, trouble-shooting & Q&As about the best ways to manage their QuickBooks reports. Attend 1 or all 3 sessions – they’re FREE – and bring your questions! Spaces limited to 8 and will…
* Tip: Avoid clicking entire line item on the reconciliation screen, only ‘check’ the dot on the left side of the transaction as it can be difficult to navigate your way back. Need help? Call PFI Coach Chris McGee at (360) 303-5798 for free business reviews and QB tech support.
Did you know you can edit / add components while you’re in the middle of a build without it affecting the original Bill of Materials at all? From Home Page > Inventory Activities > Build Assemblies > Choose Assembly you want to build > Make changes/additions. It will only affect this build transaction not the…
Checking out figures? Numerical ones that is. Good visual graphs make data more engaging & decision making much easier, says the Association of Chartered Certified Accuntants (ACCA). They warn however that ‘with so many different types of charts and graphs available’ presenters should be very cognizant of their audience to ensure they’re using an appropriate scale &…
If you need to track sales tax on purchases (expenses, accounts payable), this must be tracked manually. QuickBooks is not setup to track sales tax automatically on non-sales transactions (such as bills, checks, purchase orders). (More Details by Intuit QuickBooks Support HERE)
Want to connect your Gmail with QuickBooks? Learn how in this short, easy to follow Intuit video tutorial.
What is progress invoicing? (Activation Steps Below) “Progress invoicing, also called progress billing or partial billing, is invoicing from an estimate in stages instead of for the full amount. However, you can invoice for the full amount when using progress invoicing. Using progress invoicing, you can link progress to estimates that will be included in…
Cost of Goods Sold (VIDEO by Investopedia). Accurately capturing and reflecting the Costs of Goods Sold (COGS), also referred to as ‘cost of sales’, is imperative because if done inefficiently a company could theoretically believe they’re operating more profitably then they really are. If you need help defining your cost of goods sold versus regular expenses, call Chris McGee…
Did you know QuickBooks has sample companies? Pick one, similar to your own to see how the costs are set-up, then practice. When it comes time to actually set-up your own business, “start by creating a simple job cost framework and allow your company to ‘grow into it’” – Chris McGee. Accurate job costing – the accounting…
