Accounting Posts
Balance Sheet Basics Part 1: What Is The Balance Sheet?
A lot of business owners (and even many bookkeepers) really don’t understand the Balance Sheet. They are mostly concerned with the Profit & Loss report and the only Balance Sheet item they care about is the checking account. I find this to be a huge mistake on their part! In my opinion, the Balance Sheet [...]
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QuickBooks News
It was always my intention to create an in-depth, full featured training course and offer it for sale here on the site. My podcasts were designed so that you could sample my teaching style and if you liked it you could then purchase my full training course. But I just never found the time to [...]
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Podcast Episodes
Episode 17: Questions and Answers
After another long hiatus, I’m back! I got lots of questions emailed to me since my last show and I answer some of them on this new episode. I also make 2 big announcements but you’ll just have to listen to find out what they are! Topics discussed include QuickBooks purchase orders, the accountant’s copy [...]
Episode 16: Making Deposits
One of the most misunderstand areas of QuickBooks is the mysterious “Undeposited Funds” account. This really confuses a lot of people and in this episode I try to explain how it works and why it is useful. In order to understand it, you have to think about the process of events that take place throughout [...]
Episode 15: Receiving Customer Payments
After the last 2 episodes you should have a good idea of how to create invoices to your customers. The next step is to get paid! The “Receive Payments” procedure in QuickBooks is pretty straightforward but there are several different possibilities to think about. The customer can either pay the exact amount that they owe, [...]
Hi there! I'm Mike. I am a CPA and an Advanced Certified QuickBooks ProAdvisor. I teach QuickBooks locally in classrooms and do one-on-one training sessions. I created this site so I could extend my teaching to more people and offer them the best support possible.