QBO does not have a sales order function. Sales orders, purchase orders and estimates are what are known as “non-posting” transactions.
Read MoreWhere Are My Sales Orders in QuickBooks?
Tag: Accounting
What Are the Benefits of QuickBooks Online?
The most obvious benefit is that QuickBooks Online (QBO) is accessed online, from anywhere you can log in – on the road, from your office, home or wherever. And, so can your employees or accountant.
Read MoreWhy Does This Sales Tax Report Look Different?
When you migrated from Premier to QBO, some of the orders were written with sales tax calculations in Premier and some with the automated sales tax in QBO. This results in multiple lines of sales taxes data.
Read MoreWhich QuickBooks Version Is Right for You?
Ask the Accountant… Question: I have never used QuickBooks before. Which one should I buy: Desktop or Online? Answer: I have been a fan of QuickBooks Desktop (the regular one) for distributors, but over the last several years, Intuit (owner of QB) has been strongly pushing QuickBooks Online (QBO). It has become apparent that QBO is the future of QuickBooks. For this reason, I recommend that any distributor who is new to QuickBooks go with QBO. I don’t want to see anyone go into Desktop and then have to switch…
Read MoreHelp! I Can’t Email Invoices Out in QuickBooks Premier 2020
QuickBooks is getting serious about expired software and they are trying very hard to move everyone to a subscription product.
Read MoreAsk the Accountant: Can I Move Order History to QuickBooks?
Ask the Accountant… Question: I am thinking of converting from another industry software into QuickBooks Online. Can I move my order history from my old system into QuickBooks? Answer: I get this question often when discussing system conversions with distributors. Unfortunately, you cannot move order history from another order management system into QB. You can, however, move your Customer and/or Vendor List from your current system into QBO, although I strongly suggest you clean up your lists before making this move. If you are currently in QB Desktop (Pro, Premier…
Read MoreAre You Using QuickBooks’ ‘Ask My Accountant’ Feature?
QB has a very useful feature for organizing questions called Ask My Accountant.
Read MoreAsk the Accountant: What Is Equity, And How Is It Different from Assets?
Ask the Accountant… Question: What is equity in my business and how is that different from assets? Answer: In accounting, equity is assets minus liabilities. Equity is the portion of your business that is yours after debts or liabilities are considered. As an example, if you purchased a house for $300,000 and took a mortgage…
Read MoreAsk the Accountant: Navigating the ‘Chart of Accounts’
Ask the Accountant… Question: Can I use the QuickBooks Online Plus Chart of Accounts that is included in the program? Answer: Yes, but it is a poor format for our industry. QuickBooks is a wonderful product and is the No. 1 accounting software for a small-to-medium-sized businesses. It is used by a wide range of…
Read MoreManaging Users on QuickBooks Online Plus
Ask the Accountant… Question: How many users do I get with QBO Plus? Answer: QBO Plus allows up to five users. You can invite your accountant or bookkeeper to be a user by sending an invitation to their email address. But, if you are using a different QuickBooks product, be sure to read the fine…
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