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Recording customer payments directly into your bank account in QuickBooks Online can lead to discrepancies between your financial records and your actual bank statements. This can make reconciliation difficult and result in errors. Luckily, QuickBooks Online offers a solution to this problem using the Undeposited Funds account. In this article, we’ll...
Managing fixed asset records often involved hours of manual work, including posting and reconciling journal entries for depreciation. However, the introduction of the new Fixed Asset Accounting feature in QuickBooks Online Advanced has improved the way business owners manage and track their fixed assets. In this article, we will explore the...
QuickBooks Online offers many essential accounting features, but it also handles sensitive financial information that needs to be protected from potential threats. A breach in security could lead to financial loss, reputation damage, and legal consequences.In this article, we'll share some crucial data security best practices for QuickBooks Online...
Whether it's encouraging early payments, managing customer returns, or addressing overpayments, it is essential to accurately apply discounts and credit memos to your customer invoices in QuickBooks Online. In this article, we’ll explain the benefits of incorporating discounts and credits into your invoices in QuickBooks. We’ll also show the steps...
When a check from a customer bounces, it can have a significant impact on your business, affecting cash flow, financial records, and customer relationships. It's important to promptly address bounced checks to minimize these effects. QuickBooks Online provides helpful tools to help you manage bounced checks while streamlining the reconciliation...
QuickBooks Online is a powerful accounting software with many built-in accounting features, including invoicing, bill payment, inventory management, and project accounting. However, its capabilities are further augmented through seamless integrations with various third-party applications available. These integrations offer businesses enhanced functionality, improved efficiency, and a comprehensive financial management experience.
The latest addition to QuickBooks Online is a game-changer for businesses of all sizes: the ability to manage users and roles from a single, comprehensive page. This feature is designed to streamline how businesses handle their team members' access and permissions within the platform, making user management more efficient and...
QuickBooks Online's bill management features offer a convenient and efficient way to add and pay bills, allowing you to keep track of your accounts payable (A/P). By using QuickBooks’ tools for bill entry, categorization, automation, and reporting, you can gain better control over your A/P process and contribute to the...
While some businesses use modern digital payment methods, such as electronic fund transfers, online payment platforms, or mobile payment apps, many businesses and individuals still rely on checks for certain payments and transactions. Checks offer a tangible, paper-based method of making payments and can be particularly useful in situations where...
As a small business owner, one of the crucial steps in establishing your business is to set up the financial infrastructure. QuickBooks Online, a popular cloud-based accounting software, offers an efficient and user-friendly platform to manage your company's finances. In this article, we will provide a comprehensive step-by-step guide on how...
