In a previous article, we introduced the concept of time tracking in QuickBooks. Using the software’s tools, you are able to record individual blocks of time that employees have worked and include them in payroll and billing customers when necessary. We went through the steps required to set up QuickBooks for time tracking and walked […]
Paying bills is never fun, but paying bills you shouldn’t pay in the first place is even worse. There are many risks that can part a small business owner with their hard-earned cash, and here are five to watch out for when it comes to your bill-paying process. 1. Fraudulent invoices Some companies will send […]
In a previous article, we covered the setup you have to do before you start building your product and service records in QuickBooks Online. If you missed that article or need a refresher, you can read that here. Entering Sales Activity Once you start creating transactions like invoices and sales receipts, you will see why […]
If revenue hasn’t come back as fast as you expected it to, it may be time to review your budget and determine if some planned expenses can be cut. Here are five places to look to do just that. 1. Travel Since most events have been moved online or cancelled altogether, you can likely redirect […]
Tracking employees’ time for payroll and customer invoicing can be time consuming but using some of the features below can make those tasks a little less daunting. If you are selling goods (inventory), you are creating an invoice or a sales receipt, selecting the product(s) the customer wants along with the quantity, and saving the […]
Many families and small business owners have seen decreases in income over the last several months. Money struggles can cause us to experience stress and worry, and none of us need that right now. Instead we need to boost our immune systems and decrease stress. Here are some tips on how we can take back […]
Whether your company sells product or services, QuickBooks Online can help you track them. If you sell one product or multiple types of products, it is helpful to track your inventory with QuickBooks Online to see how many items you have in stock, when to reorder product as well as track product sold for accounting […]
The only way to best understand how to invest your marketing dollars is to document and measure what’s happening now in your business. What you’ve measured, you can then improve. Marketing Spend The first step to measuring what you spend on marketing is to add up all of the costs. They may be in one […]
The data in your QuickBooks file contains sensitive information. Make sure it is secure and protected from intruders and only viewed by authorized employees. Restrict access by setting up user permissions. If you have multiple staff members using QuickBooks, do not share the same user name and password as it gives everyone access to all […]
You probably already know how to run a Profit & Loss report to determine whether your business is making or losing money, but what if you want to break this data down further? How can you tell whether the individual jobs/projects you do for customers, with all their related income and costs, are profitable? This […]