The best way to learn QuickBooks, accounting and bookkeeping
After a long hiatus…I’m back! Since we’ve covered several vendor-related activities in QuickBooks, I wanted to move on to dealing with customers. The logical place to start is with the customer center so that’s the focus of this lesson. If you watched episode 3 “The Vendor Center” you will notice that the customer center is very similar to the vendor center. If you have any questions, please leave them in the comments section.
This post was written by Michael Debyah.
I got a couple of email questions about using credit cards so I thought that would be a good topic for this week. It’s very similar to the process of entering bills and the credit card account can be thought of as another accounts payable account. You enter all of your credit card transactions and can then reconcile your QuickBooks against the credit card statement to make sure you haven’t missed anything.
This post was written by Michael Debyah.
As I mentioned last week, the Accountant’s Copy feature of QuickBooks is very useful and is very different than a regular backup. It allows you to keep working in your QuickBooks data file while your accountant has a copy to work on also. Then your accountant can export the changes they have made and you can merge those changes back into your data file. This is the first recording since installing Windows 7 and I think my microphone level was a little too high so I apologize if the audio is a little off.
If you have any questions about this episode please leave them in the comments section below the video. Thanks!
This post was written by Michael Debyah.
In this episode I walk through the process of backing up and restoring your QuickBooks data. I also take a look at the Portable Company File which is similar to a backup. You should take great care in developing a good backup strategy for your QuickBooks file. The built-in backup and restore functions are pretty good and well thought out, but it tends to scare people because there is a lot of information and instruction included along the way. Hopefully by watching this I can help those people that are unsure of how to make a backup because it is so important to have a backup so that you don’t lose all of your data to a computer catastrophe. I mention the Intuit QuickBooks Online Backup Service too, but I have never used it. If you have any experience with it, please let me know in the comments section on the website.
This post was written by Michael Debyah.
I got 2 questions this past week both asking about the same issue – how to account for expenses that get paid by the owner out of his/her own pocket. It’s fairly common for a small business to not have a lot of money in the bank during the start up phase and the owner tends to pay for business expenses on their personal credit cards. You want to make sure that you get these expenses recorded on the company books and show that the company owes the money back to the owner. I go over how to record this in QuickBooks and how to record the check when the company finally pays that money back.
This post was written by Michael Debyah.
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.
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