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

Ronika Khanna CPA,CA

Although a good bookkeeper can be invaluable, It has become fairly easy for business owners and their support staff to take on the responsibility of entering day to day transactions while they employ accountants for the more complex aspects of their accounting and tax. Accounting software has come a long way in the past few years.

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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? So what is it, and why is it showing up on your balance sheet? What is Opening Balance Equity?

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

5 Minute Bookkeeping

How do you clean up these accounts to get rid of the balances? Keep reading, and I’ll answer these questions and tell you how to clean up unapplied cash payment income and expenses in QuickBooks Online. Click on the video link below to watch: How to clean up Unapplied Cash Payment Income & Expenses.