The best way to learn QuickBooks, accounting and bookkeeping
I continue the discussion about using QuickBooks items on invoices, bills and checks. I use a brand new company file with no other transactions to demonstrate the accounting that goes on behind the scenes when using different items. The discussion veers into inventory territory for a while, but that is all related to items anyway.
Do you have a specific item related question? Let me know in the comments section for this episode!
This post was written by Michael Debyah.
Carrying on with our discussion of customer-related activities in QuickBooks, this week we look at creating invoices. You can’t really talk about invoices without also talking about items and how they work, so this lesson combines the two. There is more info than will fit into one 20-minute lesson, so next week we will continue with items and invoices in more detail.
This post was written by Michael Debyah.
You can get a credit from a vendor for a number of reasons. The most common is probably for returning merchandise, but it may also be for a rebate or pricing error on the original bill. No matter what the reason for the credit is, you should always make sure you use those credits and apply them against bills from that vendor. Applying credits from vendors is one of those things in QuickBooks that confuses a lot of people. Even thought it’s a pretty simple process, they way the program is designed and laid out makes it a little difficult to figure out on your own.
How many of you have had a problem in this area? Tell me your story in the comments below the video!
This post was written by Michael Debyah.
I just got episode 5 of the podcast out today and I finally have a good system down as far as recording and producing the various file formats. It’s always been my plan to release a new episode every week, on a set schedule and now I can finally do that.
My initial thought was to release a new episode every Monday, but I usually have a lot of family activities on the weekends so I would probably have a hard time keeping up with that schedule. I teach a live QuickBooks class on Monday nights, so Tuesday is out. So Wednesday is the next logical choice! As a comic book geek, Wednesday holds a special place in my heart as new comic book day so now the day has new meaning for me.
So from this week forward, new episodes will come out on Wednesday. I can’t commit to any particular time yet but I will attempt to get it out before Noon (Eastern Time in the U.S.). As I gain more experience and get even more proficient at this I’ll have a more strict release schedule. All of my favorite podcasts come out on a regular schedule and I feel like it’s a sign of a quality show.
This post was written by Michael Debyah.
Last week I showed you how to enter bills into QuickBooks, which adds to your accounts payable balance. This week I cover how to pay bills in QuickBooks, which will decrease the A/P balance. It’s actually a pretty easy process, but applying discounts and credits can be a little tricky sometimes.
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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