Author: admin
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I have already set up a class in QBO. How do I assign Payroll to that Class?
If you have already set up class tracking in QBO, you will need to go to Payroll Settings and assign it to track classes for payroll transactions in QuickBooks. Here is how: From the Gear icon on the top, go to the Your Company tab. Select Payroll Settings under Account & Settings. Select the Accounting…
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How do I record fully-owned fixed asset equipment that has been sold for cash?
If it’s fully-owned that means you should not have liability balance in your QuickBooks. But what about the asset value and accumulated depreciation? You will need to remove the asset and accumulated depreciation from the books and also figure out the Gain or Loss on Sale of an Asset. See the screenshot below on how…
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QuickBooks Online: Employees and Payroll Helpful Articles
QuickBooks Online: Employees and Payroll Helpful Articles Top 5 new posts: Why do I have to pay payroll taxes if I did not run payroll? I accidently had my payroll checks post to the wrong account how can I change them to the correct ac… Is it possible to prevent Intuit’s payroll services from handling…
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How to cancel the QuickBooks Online QBO subscription
Your account will be immediately converted to view only access after you cancel the subscription. It’s highly recommended exporting reports and lists (or printing your data) before canceling the subscription. Also, you can access your data within one year from the date you cancel the subscription. Here’s how to cancel the QuickBooks Online QBO subscription:…
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How to record forgiveness of debt loan by vendor and bank in Quickbooks Online
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Intuit Aid Assist Website – Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL)
Intuit Aid Assist is a free website with an interactive tool to help you evaluate whether you may be eligible for federal relief funding. Paycheck Protection Program (PPP) Economic Injury Disaster Loan (EIDL) https://aidassist.intuit.com/app/home?albRedirect=true#/home QuickBooks Online with Payroll should see the in-product prompt to apply for the government’s Payroll Protection Program. From the left dashboard…
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Tags in QuickBooks Online QBO – Tracking County Sales, Out of State Sales, Sales to Pay Rep Commissions
Tag transactions in QuickBooks Online Tags are customizable labels that let you track transactions however you’d like right for your business. You can tag transactions such as invoices sales receipts, expenses, checks, and bills. When you put Tags into Tag Groups, you can easily see how your business is doing. You’ll need Tag Groups to…
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How can I make batch changes to categorized transactions without having to go through and click every single one of them in my register
Here is how to modify your transactions by batch so you’ll not go through each and every single one of them in your register: With your expense transactions, you can visit the Expenses menu from the left Dashboard. You can filter the transaction you want to update except Split transaction, then categorize them. Go to…
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How do I match a batch deposit for payment of an invoice and vendor refund deposit?
Example: My total deposit amount is $1,300, $1,200 for payment for the outstanding invoice and $100 for Insurance refund. From the Banking Review tab, find the Deposit transaction you want to match with customer payment plus insurance refund. Click the Deposit transaction row in question. Click the “Find match” radio button. Match transactions screen will…
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QuickBooks Online Tutorial: QuickBooks 2020 Getting Started for Beginners
NEW UPDATED: QuickBooks Online Tutorial: QuickBooks Online in 2022 — Getting Started for Beginners YouTube Channel: https://youtu.be/xtjilV9W81I https://youtu.be/VFxFSUSUaqM https://youtu.be/bpvAXmOmErg https://youtu.be/9gpu9G02gEQ https://youtu.be/ZtP0z-yYsLA https://youtu.be/SLW-AdyCfJ8 https://youtu.be/CUVA8EwIW7I https://youtu.be/izcu721ejZg https://youtu.be/_77YJV7IMrY https://youtu.be/kKogP6c2sw8
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How to customize Sales Report by Sales Rep to calculate Commissions in QuickBooks Online QBO
Currently, there is no built-in Customer Sales Detail by the Sales Rep report to pay commission in QBO at this time. The workaround in QBO is to use one of three available custom fields on the sales forms (invoice and sales receipt) for Sales Rep (as a text field). And then you can run the…
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Compare Features and Usage Limits of QuickBooks Online Plans – Advanced, Plus, Essentials, and Simple Start
The following table will show features and usage limits available in various QuickBooks Online plans: In this video, we will do a full comparison between various QuickBooks Online plans. We will do a deep dive into every aspect of Advanced, Plus, Essentials, Simple Start versions of QBO, and review all their features one by one.…