The QuickBooks Audit Trail is always on (since QuickBooks 2006) and records all transaction activity. However, sometimes you may want to see when users login or out of QuickBooks. This article shows how to see when users login or out…
Lesson Learned: What a Day! I sued a Client in Small Claims Court
This post is the experience and lessons learned from an Enrolled Agent (EA). As small business owners, we can learn from ‘Tax Blonde’ and her experience (this isn’t my story — I do not provide tax services anymore) in the…
QuickBooks Tip: Setting up or Creating a Budget Using Last Year Actual
People often create a budget based on last year’s actual data. When you try to use QuickBooks to set up a new budget you may discover some unexpected results when QuickBooks does not pull the data expected. This article will…
QuickBooks Tip: Classifying Accounts for Statement of Cash Flow
The phase “Cash is King” emphasizes the importance of cash flow for a business. Insufficient cash flow can result in the failure of the business so it is important to monitor and manage cash flow. QuickBooks provides a Statement of…
QuickBooks Tip: Using Color to Help Identify Accounts or Files
It is frustrating to enter transactions into QuickBooks and discover you entered them into the wrong bank account or QuickBooks file. Using different colors can help differentiate checkbook registers (i.e. accounts) or QuickBooks files. This helps you quickly identify which…
QuickBooks Tip: Fixing Reconciliation Beginning Balance or Date
Many times I hear QuickBooks users say the beginning balance in the bank reconciliation window is wrong and they do not know how to fix it. If a transaction has been voided, deleted and re-entered or otherwise un-reconciled, it will…
QuickBooks Tip: Applying Owner’s Time for Job Costing
Job costing is important to contractors, builders and many other types of small businesses such as plumbers, electricians, architects, landscapers, wedding planners, caterers and many others. When the business is a sole proprietor (or an LLC taxed as a sole…