Entering Credit Card Charges in QuickBooks®
Setting Up for Credit Card TransactionsIf you have a credit card that you use only for the business then you will want to set it up as a credit card account. 1. Click on Chart of Accounts from the Home Page. 2. Click on New from the Account button. 3. Choose Credit Card as the […]
Attorneys Can Use QuickBooks® in Law Practice
I have heard many times that lawyers have been told and think that they can not use QuickBooks® in their office to handle their bookkeeping needs. I disagree with this. QuickBooks® is an inexpensive accounting software package that is designed to be easy to use by non-accountants. Even though attorneys have complex accounting needs, I […]
Recording Cash Transactions in QuickBooks®
There are some occasions in which you purchase items with cash or on your personal account. You want to record them so you can write off the expense. These transactions can be entered into QuickBooks® with a journal entry or you can setup a bank account called petty cash. Journal entry method:1. Click on Company […]
Recording Returned or Bounced Check from a Client
Lately I have been getting questions on how to record a bounced check from a client in QuickBooks®. The first thing you have to know is how did you record the check the first time. If the returned check was one that was applied to Accounts Receivable do the following: 1. Open the check register […]
Setting Up Users and Passwords in QuickBooks®
QuickBooks® allows you to setup Users & Passwords. This allows you to secure your data. In setting up users you can also assign rights to the user. For example, you may have someone who helps you with your billing and receiving payments. You would set them up to only be able to see the accounts […]
Backing Up Your QuickBooks® Data
Backing up your QuickBooks® data is very important. If something ever happens to your computer, you will be able to restore you data file to another computer IF you have a backup. The easiest way to backup your data is: Click on File from the menu bar and Save a Copy or Backup. The following […]
Setting Up Payment Plans Using QuickBooks®
Here is an easy way to setup a payment plan in QuickBooks® using the Invoice method. You may have situations in which you want to setup a payment plan for a client using QuickBooks®. Let’s say you are going to bill a client $2000.00 to do a case. One way you might want to do […]
Creating an Invoice in QuickBooks® Grouped by Timekeeper
You may want to create an invoice that has time activity grouped by item type or timekeeper. I will use the attorney sample file in QuickBooks® to show you how to do this.To do this, when you click on add time and cost to invoice you will first select the items you want to come […]
Checking for Conflicts of Interest with QuickBooks®
QuickBooks® has added a new find field in the customer list that can help you check your customer list for conflicts of interest. You can use the define fields to store other names that are associated with your clients. It is easy to use and attorneys may find it very helpful. From the Home Page, […]
Save Time With Memorized Reports in QuickBooks®
When you make modifications and customize a particular report, you may decide that you would like to save the settings and modifications, so that you can later pull the same report without having to go through all of the modifications. QuickBooks® makes this easy with Memorized Reports. Click on the Modify Reports button and make […]