A much talked about and finally released feature in QBO is View Statements which allows you to download bank statements (or credit card statements) from connected banks. This saves you time in downloading and saving the statements directly from the bank account prior to reconciling. After reconciling, you can even attach the bank statement directly with the reconciliation report.
For a list of banks connected as of December 9, 2020 click here:
In a cloud environment it's sometimes hard to know where uploaded documents are saved. Be safe, rather than sorry, and learn how to export your attached documents out of QB Online to archive them for backup. Also, learn where the documents attached in your QuickBooks Desktop file are saved on your computer to make sure your backup is capturing that folder.
The year is almost over and that means you need to be ready for reporting requirements that start in January! Find out what's new for 2020 including information about the 1099-NEC and the most helpful form you will need to complete your 1099s this year. See a demonstration on how to set up 1099 tracking in both QuickBooks desktop and QuickBooks online so you can be ready for the filing season.
Keyboard shortcuts aren't dead! They can save you keystrokes and mouse-clicks which will add up to saving you time.
Check out a complete list of QuickBooks Desktop shortcuts here: https://quickbooks.intuit.com/learn-support/en-us/write-checks/keyboard-shortcuts-in-quickbooks-desktop/00/202588
Check out a complete list of QuickBooks Online shortcuts here: https://quickbooks.intuit.com/learn-support/en-us/configure-products/keyboard-shortcuts-for-quickbooks-online/00/185619
There are two months left in the year and a few housekeeping things that should be added to your to-do list. Budgeting, 1099s, Tax Planning and PPP Forgiveness should all be a part of your end of year routine. If you want to begin 2021 ready for whatever it brings and in the right frame of mind to make things happen, get these things done before year end.
Tackling the paper that is involved in the accounting process can be daunting. Learn how to attach vendor bills inside of QuickBooks Online transactions for easy reference and organization.
Tackling the paper that is involved in the accounting process can be daunting. Learn how to attach vendor bills inside of QuickBooks Desktop transactions for easy reference and organization.
From time to time you may discover that you have multiple accounts tracking the same thing and it causes confusion when you are recording transactions. Well, there is a little known trick within QuickBooks products that allows you to merge two accounts which retains all of the details of the transaction, but combines them into the correct account. This tool can be considered a life saver! Watch the video to learn how to merge accounts in QB Desktop and QB Online.
From time to time a business will need to add new accounts to their chart of accounts. This video shows you the steps to adding an account in both the QuickBooks Desktop and QuickBooks Online platforms. Never be nervous about adding a new account again!
Find out what the chart of accounts is and the 5 main categories of accounts. See the subaccounts used in QuickBooks files.
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