If you’ve started your own business, you’ve likely come across two key financial reports: the Balance Sheet and the Profit and Loss Statement (also called the “Income Statement”). Although they might look similar at first glance, they serve different purposes. Let’s break down what each one tells you about your business. What is a Balance […]
Keeping track of bills and payments can be overwhelming, especially if you’re juggling multiple vendors. QuickBooks Desktop offers the Vendor Center as a single, convenient location to organize everything you owe—and what you’ve already paid. This feature not only streamlines your records but also gives you a clear view of your business finances. Below, we’ll […]
Understanding the cash flow statement is one of the most important ways to gauge your company’s financial health. Think of it as a map showing how money moves into and out of your business. Below, we’ll walk through the basics so you can read and interpret your cash flow statement confidently. What Is a Cash […]
What Is a Recurring Payment? A recurring payment is an invoice or sales receipt that automatically repeats on a schedule you choose—weekly, monthly, quarterly, or any frequency you need. When you set up a recurring payment, QuickBooks Online handles the repetitive work. You decide on the details and schedule; the program will do the rest. […]
Are you tired of manually entering bank transactions? QuickBooks Desktop has a tool called Bank Feeds that links your bank account to QuickBooks and automatically imports your transactions. It saves you time and helps keep your financial data accurate. Let’s explore what Bank Feeds can do for you and how to get started. What Are […]
When you’re busy running a business, dealing with everyday tasks often takes the spotlight. Between serving customers, managing employees, and promoting your products or services, it’s easy to overlook something as seemingly routine as bookkeeping. However, maintaining accurate records isn’t just an administrative task—it’s a key factor in making better financial decisions that help your […]
Customize Your Invoices with Product/Service Details in QuickBooks Desktop You know how confusing it can be if you’ve ever received an invoice that left you scratching your head over what you were charged for. Providing clear product or service details is one of the easiest ways to help customers feel confident about what they’re paying […]
Have you ever wondered if your business is making money? The profit and loss statement (sometimes called the income statement) is one of the most important financial documents you can use to answer this question. If you’re not familiar with accounting, don’t worry. Below, I’ll break down the basics in clear, straightforward terms. What Is […]
Business debt can be helpful; it lets you grow, buy necessary equipment, and cover unexpected expenses. However, if not handled properly, it can escalate and harm your bottom line. Here’s how you can avoid letting your liabilities work against your business and keep them in check. Know What You Owe The first thing you should […]
Running a business means keeping your clients informed, especially regarding pricing. No one likes surprise costs at the end of a job! That’s where QuickBooks Desktop’s Estimate feature comes in handy. It lets you provide a clear breakdown of expected costs before any work begins, keeping everyone on the same page. What is an Estimate […]