QuickBooks
Accounting Basics: The Chart of Accounts
Many of my QuickBooks training sessions begin with an overview of some accounting basics. Without an understanding of the basics mistakes tend to creep into the setup. And that leads to incorrect financial reports and decisions based on bad information.
Here’s what you need to know about the QuickBooks Chart of Accounts
Access the chart of accounts using [...]
QuickBooks Online Edition
While the QuickBooks Online Edition doesn’t have all the features of the Pro or Premier versions, there are some definite cases where Online is the only place you want to be:
Online is a good option if you:
Regularly share data with a partner, accountant or bookkeeper,
Want to use QuickBooks on a PC and a Mac,
Need to [...]
Accounting for Personal Expenses in QuickBooks
As a rule, business funds and personal money should never mix. This is especially true for corporations and LLCs. Mixing personal and business funds for these entities could raise legal questions, not just accounting problems. For more information on this issue consult an attorney or tax professional in your area.
The reality is that most small [...]
