Coming across unapplied cash payment income and expenses in the Profit and Loss report during a QuickBooks Online cleanup can leave you stumped. What are these accounts for and where did they come from? How do you clean up these accounts to get rid of the balances? Keep reading, and I’ll answer these questions and […]
Using journal entries in a QBO cleanup without messing up the books
When you’ve got a problem in QuickBooks Online, the ‘easy fix’ is making a journal entry…right? As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books! […]
Tips for taking on a massive QuickBooks Online cleanup
Are you taking on a big QuickBooks Online cleanup project and not sure where to get started? I’ve been in your shoes, but after years of performing QBO cleanups, I’ve developed a system for organizing my cleanup projects from start to finish. I want to share my tips for taking on a massive QuickBooks Online […]
Should you track Shopify inventory in QuickBooks Online?
If you’re an online seller, there may be several options when it comes to tracking your inventory. But, should you track your Shopify inventory in QuickBooks Online? The answer is… well… it depends. In this blog post, I’ll go over the basics when it comes to tracking Shopify inventory in QuickBooks Online, and discuss the […]
Recording Amazon Sales in QuickBooks Online
If you’re an online seller or if you’re an accountant working with online sellers, doing the bookkeeping can be challenging (to say the least). In my experience, recording sales from Amazon is especially challenging because Amazon does things a little bit different. In this blog post, I will talk you through some of these challenges, […]
What is QuickBooks Live Bookkeeping? May 2019
[embedded content] Today I am talking about the new Intuit service called Live Bookkeeping. What is Live Bookkeeping? The Live Bookkeeping service is a relatively new offering that Intuit Corporation is offering to its QuickBooks Online users, and it’s a service that is still developing. As of May 2019, Intuit Corporation is testing the service […]