Record short term investment We are going to go to that checking account down here or the accounting down here on the left-hand side. we could select a short term investment account. if we had it. but if dealing with cash that’s usually the first thing that’s easiest for most […]
Continue readingMonth: October 2020
ENTER DATA FOR THE FIRST MONTH OF OPERATION
Record owner &loan deposit Now we are going to the dashboard and select much be accounts and that will give us the chart of account so if we select the top item here which will be the chart of accounts. Then we going to each account and this is where. […]
Continue readingSTART A NEW COMPANY FILE
Start a new company file overview This is where we are going to start a new company.it will be a bit longer of a section that many of the ones we have seen in the past. we will include the setup of a new company that will go onto its […]
Continue readingADJUSTING ENTRIES AND REVERSING
JOURNAL REPORT AND FINANCIAL STATEMENT Go to the first click to report and see what we have for the balance sheet.now the balance sheet is as of a point in time I am going to put the month of February which is 01/02/20 to 28/20/20 and run the report. we […]
Continue readingADJUSTING ENTRIES AND REVERSING
SHORT TERM LOAN A short term loan is a loan that we pay in 12 months, it is called a short term loan, we can do it in Quickbooks online, we can see our loan debt wise to see how much the loan is increasing or we can balance it. […]
Continue readingADJUSTING ENTRIES AND REVERSING
We will have to adjust entries for a loan payable just in entries related to accrued interest. we will have gesine entries related to an invoice and account receivable that needs to be adjusted to the current time period. We will have the account receivable reversing entry having to reverse […]
Continue readingBUDGETING
BUDGETING OVERVIEW We look at some reports in terms of the major reports for you in the budget including the basic budget as well as a comparative budget comparing the budget to the actual performance.once the time period that had been budget had passed. BUDGET PROFIT AND LOSS In this, […]
Continue readingQuickbooks online test drive
We are going to the test drive logging. if they ask are you a robot, so I am going to say no I am not a robot. Then are going to continue and that all take us to Craig’s design and landscaping services. This is going to be the file […]
Continue readingDifferent between Quickbooks desktop and Quickbooks online
(a) Quickbooks desktop (1) one time purchase:- they are one-time purchase on Quickbooks desktop and use us businesses (2)Can have multiples company files with one purchase of QuickBooks:-IN this books we are using in multiples companies files (3)Static backup files:-here all the transaction of the company he restores our static […]
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