When you record an accounting transaction, you need to make a debit to one account and a credit to another. And the total amount you debited should also be equal to the amount you credited. If you’re not familiar with the rules of debit and credit, the whole process can be tricky. If you’re new...Read More

Are you renting a property or equipment for your business?  Accounting for a lease can be tricky given the recent changes in accounting for these transactions.  Now, you can still account for a lease in two ways—as an operating lease or a capital lease.  Operating Lease Vs. Capital Lease The main difference between an operating...Read More

Quickbooks is a convenient tool for real estate businesses. Since there are many types of businesses in real estate, your Quickbooks set up will depend on what your exact industry is.  If you are a real estate agent, you may have different accounts compared to someone who is renting out properties or flipping properties. Here’s...Read More

Most companies use credit cards to pay for supplies and services. And as a business owner, you need to know how to record those credit card transactions in QuickBooks. How exactly do you do that? When you’re using QuickBooks and most of your expenses are paid using credit cards, the process is much easier. Before...Read More

Time usually feels like a blur after Thanksgiving. With the year coming to a close, it’s time to review your financials! Don’t worry if you have no idea where to start. Here are some of the most important things to get started on first. For Employees: Check Form W-2s Take the time to check if...Read More

(And What Happens When You Neglect Those Messy Books) You need to keep a firm handle on your finances. This is especially true if you’re running a business. Whether you have a small operation or a large one – you need to know the numbers right away. And this is why you can’t neglect proper...Read More

Most successful business get to the point when they need to hire their first employee. This is a big step forward. It can allow the business to serve more clients and get more tasks done. But employees require additional tasks be completed. Payroll is one of them. Setting up payroll in Quickbooks allows you to...Read More

Whether you sell goods or provide services, you need to keep a record of your customers. Adding new customers in Quickbooks is one of the first steps when setting up your accounting software. By setting up the customer information helps you create and send invoices quickly, track customer balances, and manage all details related to...Read More

One of the first steps you need to deal with after setting up your QuickBooks account is to add vendors.  A Vendor or Supplier refers to any person or business that provides you with goods or services. It could be your internet provider, your landlord, or the dealer who provides you with items for sale. ...Read More

Getting started with Quickbooks Online.  We get a lot of visors to our site for this search phrase.  This is likely due to customers signing up with Quickbooks, following the tutorial to connect their bank account, and then wondering what they are to do next.  This article provides an overview of a few of the...Read More