Ask the Accountant… Question: I have a credit from a supplier for a mistake in an order. How do I enter that in QuickBooks? Answer: To enter a credit from a supplier in QuickBooks Premier to be used at a later time, follow these instructions. Go to “Enter Bills” Click “Credit” at the top of…
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If you are a parent (or are on social media), you know that it’s back to school time. Children and young adults are busy getting their class schedules, books and school supplies to prepare for another year of learning and growth. What a great time for us industry professionals to think about “going back to…
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Ask the Accountant… Question: If I do my taxes based on when I get paid for orders, does that mean I pay my sales taxes the same way? Answer: Not necessarily. The basis with which you calculate your income taxes does not have to be the same as your sales tax basis. There are two…
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Most of us businesspeople have great ideas from time to time. The typical response to our good ideas is to seek lots of affirmation. In the pursuit of affirmation, businesspeople reach out to their friends to get feedback. There are two big problems with this. First, your friends don’t understand your business very well, and…
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Ask the Accountant… Question: Can I run more than one company when I buy QuickBooks? Answer: Yes and yes, but…. Yes: QuickBooks Pro and Premier allow multiple company files for one flat fee, which makes these two versions of QB an even more cost-effective accounting software for those running multiple business entities. One word of…
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This is a very serious question: Do you love you? Do you love you just the way you are right now? Many people seem like they don’t really love who they are right now. Perhaps they aren’t happy with their health, or income, relationships, etc. It’s easy to think that you will love yourself and…
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Ask the accountant… Question: There is a paperclip icon in QuickBooks for attachments. Can I attach all the paperwork for an order there? Answer: There is an attachment function in QB for several screens including, but not limited to, sales orders, purchase orders, invoices, bills and customers. You can attach documents here, such as a…
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We’ve all heard people say, “Enough is enough.” The person saying it wants something to stop because they can no longer accept or deal with it. We’ve all said it from time to time. The truth is that “enough is enough” is also how most people live their lives. No matter where you are in…
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Question: I want to switch to QuickBooks, but I don’t know which one to pick. I spoke to Intuit, and they say I should purchase QuickBooks Online, and it will do everything I need. Is that true? Answer: Our business is complex and unique and requires a software that can handle our complicated orders. While…
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Business and life can be stressful. Most folks I know work hard to achieve great things in the future. And live with great regrets about past failures. Few of us know how to just enjoy the present, which is all we really have. The past is gone. The future isn’t here yet. The present is…
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