Category: QuickBooks Online QBO
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How to Reverse an Accounts Receivable Written-off as Bad Debts Expense Account
CASE SCENARIO: A customer never paid the Invoice for $1,000. Wrote-off as bad debt expense account. Later paid $1,000. You will first need to check to the original entry to see how the debt was written off to the bad debts expense account. For example, wrote a journal to wrote off a debt of $1,000…
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Assign a Class to previous Not Specified transactions in batch action in QuickBooks Online
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Long Term Loan from Family Member and Loan Foregiveness Gift
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How to apply additional costs to Inventory Items in QuickBooks Online
Adding additional costs like shipping insurance to Inventory Item in QBO
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Recording Finished Inventory starting with Production Materials and Supplies
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How to customize the message on the Payment Receipt Email template and automatically notify your customers when you receive their payment?
You can use “Routines for QuickBooks” at the QB Labs. This will allow you to customize the Payment Receipt Email template. And also automatically notify your customers when you receive their payment. With this feature, there is no need to use manual “Save and send” to notify payment receipt to your customers. To turn on…
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Chart of Accounts – Listing of available Account Types and their associated Detail Types
Chart of Accounts COA – Listing of available Account Types and their associated Detail Types in QuickBooks Online (QBO) Account Type Detail type Cash on hand Bank Cash on hand Checking Bank Checking Money Market Bank Money Market Rents Held in Trust Bank Rents Held in Trust Savings Bank Savings Trust account Bank Trust account…
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How to add the second or additional company in QuickBooks Online
In QuickBooks Online, it’s only one entity is allowed per subscription. For a second (or additional) entity, you will need to purchase a different subscription. But you can switch between the multiple entities under one user ID. Note: There is no option to create multiple companies from one paid subscription in QBO like in QuickBooks…
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How to import QuickBooks QBB file to QuickBooks Online QBO
QBB is a file extension for a backup file format used by Quickbooks desktop.There is no way to directly import QBB file to QuickBooks Online (QBO).You will need QuickBooks desktop version program to restore this backup company file. Here is more information on how to restore a backup company file in QB desktop version:https://community.intuit.com/articles/1436903-restore-a-backup-company-file You…
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QuickBooks Online March 2018 Updates
QuickBooks Online March 2018 Updates: ✔ Assign preferred Vendor/Supplier to the Products and Services List ✔ Assign default Class codes to the Products and Services List ✔ Quantity on Purchase Order (PO) column added to the Products and Services page BUY QuickBooks Online – Anytime, Anywhere. Easily Track Sales, Bills and Expenses. TSheets is a…
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New QuickBooks Online (QBO) Downgrade Option – From Plus Plan To Essentials Simple Start
There is a new way to downgrade your plan. 1) First, you want to access your account, make sure to log in to like normal > http://qbo.intuit.com. 2) Copy and paste this link (once you’re already logged in) > https://qbo.intuit.com/app/changeplan 3) It shows you choices to downgrade. Pick new “Choose plan” button. Make sure to…