Comments for Full Contact Accounting

Comment on Episode 15: Receiving Customer Payments by Mike

Mike — Tue, 31 Jan 2012 23:45:06 +0000

Inventory can be tricky. It sounds like you need to use the inventory assembly feature. That allows you to combine 2 or more inventory items to create an “inventory assembly” item. You must have Quickbooks Premiere or Enterprise to use this feature. You can read more about it here: http://support.quickbooks.intuit.com/support/pages/inproducthelp/Core/QB2K12/ContentPackage/Core/Inventory/intro_assembly_item.html

Comment on Episode 8: Recording Loans From Owners by Mike

Mike — Tue, 31 Jan 2012 23:39:53 +0000

That sounds correct. Record the deposit as a liability (loan payable to owner) and when he takes money out to repay himself it gets posted to that same account, lowering the balance. Good luck!

Comment on Episode 15: Receiving Customer Payments by Mike

Mike — Tue, 31 Jan 2012 23:39:01 +0000

Thank you very much! I’m glad that you are learning from my videos. The link I showed above http://www.fullcontactaccounting.com/category/podcast/ will list all of the videos that I have. Each video is in a separate post. Or you can use itunes and download them all from there. Good luck and thanks for watching!

Comment on Episode 8: Recording Loans From Owners by Renee

Renee — Tue, 31 Jan 2012 23:19:24 +0000

THanks for these vidoes, I have a very similar situation, so I want to clarify the same holds for my employeers accounts.
First of all, very small company, limited resources and he combines personal and business accountS together for his taxes. THAT WILL CHANGE THIS YEAR.
Second, he deposits funds, (he is a contractor) into the business account when it is low, and withdraws when the business can afford to repay.

Show the actual deposit as a long term liability, under loan payable to ownber? then reverse said when he gets paid back?

ANY COMMENTS OR SUGGESTIONS WOULD BE GREATLY APPRECIATTED

Comment on Episode 15: Receiving Customer Payments by Mohammad Usman Asif

Mohammad Usman Asif — Tue, 31 Jan 2012 17:52:05 +0000

If i wanna get your video tutorials what i have to do sir, the way you teak is very clear i’ve learnt alot of things from you site
GOD BLESS YOU SIR

Comment on Episode 15: Receiving Customer Payments by Mohammad Usman Asif

Mohammad Usman Asif — Tue, 31 Jan 2012 17:49:01 +0000

Really really awesome work sir
Sir, i have a question related to inventory, my question is that if we are dealing in manufacturing business and we have to control inventory and track what is the way (by combining two or three materials we make one product what we have to do and how we track.

Comment on Episode 15: Receiving Customer Payments by Mike

Mike — Mon, 30 Jan 2012 21:18:21 +0000

I’m sorry I missed your comment until now. This link should give you all the episodes http://www.fullcontactaccounting.com/category/podcast/ make sure to notice the “Older posts” link at the bottom of the page.

Comment on Episode 5: Paying Bills in QuickBooks by Afshin

Afshin — Mon, 30 Jan 2012 20:53:43 +0000

Hey Mike;

Excellent video. I like the casual style; and your wealth of knowledge and experience and tips are greatly appreciated.

Quick questions for you:
I have written some checks that I have entered into QuickBooks before I entered the Bill. When I try to pay the Bill with checks, if I enter the check number (i have already entered in the system) it gives me a duplication error. I was hoping it would be smart enough to find the check and ask me if it should associate the check with the bill. What do you recommend? Never enter the check before the Bill, or is there a trick?

Thx;

A^2

Comment on Episode 1: QuickBooks Basic Navigation by Shadi

Shadi — Mon, 23 Jan 2012 02:10:37 +0000

Thanks Mike. That was really good start for me, I am new to Quickbooks and liked to learn it, this is just what I was looking for. will watch all the other Episodes

Comment on Basic Financial Statements by Rainy Yang

Rainy Yang — Wed, 11 Jan 2012 10:25:38 +0000

Those information are so usful for me!! I feel much more clear after reading your post !!
Thank you very much!!

Comment on Basic Financial Statements by Raye Smith

Raye Smith — Tue, 06 Dec 2011 01:45:18 +0000

Thank you very much. I am new to Quickbook and appreciated your youtube lecture. Could we have some more on account reconciliation including bank rec, journal entry, accruals and financial statement processing. Guess the whole works?

Comment on Episode 15: Receiving Customer Payments by Ruth

Ruth — Tue, 08 Nov 2011 20:36:21 +0000

I don’t get ITunes. I wish to hear your podcast for lessons before #15. I just found your website. This is information that I need to know! Thank you, Thank you, Thank you. I do not get an RSS feed either whatever that is. Can you tell me another way to get previous lessons.

Comment on Balance Sheet Basics Part 1: What Is The Balance Sheet? by Mike

Mike — Tue, 01 Nov 2011 00:18:21 +0000

The assets are presented at their original cost on the Balance Sheet. Then you deduct some depreciation every year and the accumulated depreciation lowers the value of the assets a little more each year.

Comment on Episode 11: Tracking Credit Cards In QuickBooks by Cindy Brothers

Cindy Brothers — Mon, 31 Oct 2011 22:16:42 +0000

Thanks so much- very informative and helpful!!! I have been struggling with this whole credit card thing- and trying to make things easier… this has definitely helped.

Cindy

Comment on Episode 11: Tracking Credit Cards In QuickBooks by Anissio

Anissio — Sat, 29 Oct 2011 03:13:43 +0000

Good Job Mike!!!

Comment on Episode 5: Paying Bills in QuickBooks by Bostonian

Bostonian — Tue, 18 Oct 2011 15:12:09 +0000

Awesome job. Thank you Mike!!

Comment on Balance Sheet Basics Part 1: What Is The Balance Sheet? by Linda Knight

Linda Knight — Mon, 17 Oct 2011 17:02:20 +0000

Under “Current Assets”, are the values for the vehicles, equipment, buildings and improvements estimates of value on the day of the balance sheet? Or are they valued at purchase price? I guess I am confused with how this figure interacts with the depreciation figure on the balance sheet.

Comment on QuickBooks 2012 is Now Available! by Yvonne Codrington

Yvonne Codrington — Wed, 12 Oct 2011 04:55:20 +0000

Hi Mike, I really do enjoy your teeaching.I have to get back to bookkeeping I need to make an income. You know Mike I like your honesty, by telling us about the “small commission” keep up the your good work

Comment on Episode 1: QuickBooks Basic Navigation by Diane Dupire

Diane Dupire — Sun, 09 Oct 2011 13:40:08 +0000

Hi, Mike. Great job with the PodCasts. I like that you are reaching so many people by using this type of media. I hope to learn a lot from you by watching and listening. Can’t wait to see the next one. This is my first day using QuickBooks, and it seems like you will make learning it very easy by your simple approach and explanations. Have a great day.

Comment on Episode 15: Receiving Customer Payments by Mike

Mike — Thu, 06 Oct 2011 03:55:03 +0000

Wow, I love getting comments like this! I am so happy that I’ve been able to help you!