Tag: categories

QuickBooks Tip: Create an Owner’s Draw

June 13, 2017PFI StaffChart of Accounts (COA)

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…

Expenses in QuickBooks – Does your business needs a ‘Well Check’?

April 5, 2017April 5, 2017PFI StaffQuickBooks Tips

(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…