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Vote For The Dancing Accountant In the 2024 Top 100 ProAdvisor Awards!

Nancy McClelland, LLC

If you find this blog of value, please consider voting as a way to show your appreciation and support. QuickBooks ProAdvisors are first nominated, and then go through a lengthy vetting process, before eventually opening up to a public vote. It has been quite a labor of love these past 10 years!

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Choosing an Online Bill Payment Solution for QuickBooks Online

SchoolofBookkeeping

QuickBooks Online is a popular accounting software for small businesses and it provides a range of bill pay options. There are different bill pay options available in QuickBooks Online, a newly launched Quickbooks Bill Pay Service, Melio, Bill.com, and Corpay One among others. It's that deeply integrated.

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Handling Advanced Inventory Tracking Using QuickBooks Online

SchoolofBookkeeping

Advanced Inventory Tracking inventory Using QuickBooks Online For years the outcry from the accounting community has been “QBO doesn’t track inventory” and when QBO was first unveiled (circa 2000), that was 100% accurate. It’s a Pandora’s box that deserves a blog of its own, but needs to be mentioned.

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How to clean up Opening Balance Equity in QuickBooks Online

5 Minute Bookkeeping

What should you do if you are working on a massive QuickBooks Online cleanup and you come across a mysterious balance in an account called Opening Balance Equity on the balance sheet? You probably won’t recall ever adding that account to QuickBooks Online, or categorizing any transactions to/from it. What is Opening Balance Equity?

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4 Accounting Transactions that Use Journal Entries and How to Enter them in QBO

Ronika Khanna CPA,CA

When using accounting software such as Quickbooks Online , the majority of transactions relate to invoicing customers, supplier bills and categorizing expenses that have been downloaded, are relatively straightforward. each category on a separate line with the corresponding amount that relates to the home office.

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How to clean up Unapplied Cash Payment Income & Expenses in QuickBooks Online

5 Minute Bookkeeping

Coming across unapplied cash payment income and expenses in the Profit and Loss report during a QuickBooks Online cleanup can leave you stumped. Keep reading, and I’ll answer these questions and tell you how to clean up unapplied cash payment income and expenses in QuickBooks Online. The accounts cannot be deleted. What are the causes?

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Using journal entries in a QBO cleanup without messing up the books

5 Minute Bookkeeping

When you’ve got a problem in QuickBooks Online, the ‘easy fix’ is making a journal entry…right? Why doesn’t that always work with QuickBooks Online? Best Practices for using Journal Entries in QuickBooks Online. Well, it’s important to keep in mind that journal entries made in QuickBooks affect both cash and accrual basis.