Completing the QB Vendor and Customer Data Fields
The importance of using the data fields in the QuickBooks Online Customer and Vendor records goes beyond just the name. Here's a link to my article on AccountingWeb.com discussing why this became important to me when a client went into the hospital. Here's the manual...
How to Spot and Avoid Embezzlement
Can you afford to take a $100K hit to cash on hand? What could this business have done to catch the fraudulent activity in a more timely manner? The answer is: perform a weekly, interim bank rec!
Video: Undeposited Funds
Have you deposited a client payment, but QuickBooks still shows that the invoice has not been paid? This video explains why, and how to avoid that in the future.
Thoughts on Bill.com Bill Pay For QBO
Bill.com offers a bill payment app for QBO, called Bill Pay. I recently setup the Bill Pay for QBO app for a client, and had some significant challenges, so I wanted to share my thoughts and personal experience. Here is the manual link:...
5 Tasks Small Business Owners Should Do
Here’s a link to my March AccountingWeb.com blog post on the topic “5 Tasks Small Business Owners Should Do.” We need to remind our clients that even though they have hired us, they cannot abdicate responsibility for reviewing and understanding their business books....
Video: Understanding the “Display Name As” feature in a Vendor record in QuickBooks Online
This short video explains why you want to add the Details to a Vendor record, and shows the results of some of the different choices in the “Display Name As” feature.[video width="1440" height="900"...
Video: How to Enter Fraudulent Expenses into QuickBooks Online
This video demonstrates how to enter fraudulent credit card charges into QuickBooks, then explains how to enter the credit from your credit card company so the expense zero's out and is "a wash."[video width="1440" height="900"...
Thoughts On Mentorship
This got me to thinking, how many of us bookkeeping and accounting professionals are “paying it forward” by mentoring those coming up behind us?
Video – How to Add the Date Range Covered by a Monthly Bill
This neat trick shows what period is covered by a bill, and helps show if a monthly bill was skipped, or a duplicate bill was entered.
Are There Really Bookkeeping Emergencies?
When the small business owner and the client have clear lines of communication, and when procedures and processes are in place, there should be no such thing as a “bookkeeping emergency.”