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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...
Credit card refunds occur when a customer returns a purchased item, receives a reimbursement, or experiences an overcharge. Recording these refunds in QuickBooks Online is crucial to ensure accurate financial records and streamline the reconciliation process. In this article, we’ll explain when to enter a credit card refund in QuickBooks Online,...
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.
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...
In addition to its basic setup options, QuickBooks Online provides several advanced settings and time-saving features that help you customize the software to your exact business needs. From selecting the fiscal year and accounting method and customizing the chart of accounts to selecting currency options, these advanced settings are designed...
As businesses grow and expand, they often rely on the expertise of contractors to complete specific projects and tasks. Managing these contractors efficiently is crucial for maintaining smooth operations and accurate financial records. QuickBooks provides allows you to set up and manage contractors within the system. In this article, we will...
Whether you're a freelancer working on multiple client engagements or a small business owner juggling various projects, tracking project-related income, expenses, and profitability is essential for accurate financial management and decision-making. QuickBooks Online offers a powerful project management feature that allows you to effectively manage and track your projects within...
Sales receipts in QuickBooks Online play a vital role in recording sales transactions, particularly for businesses that receive immediate payment at the point of sale. By learning how to create and use sales receipts in QuickBooks, businesses can efficiently track and document their sales transactions and provide customers with proof...
