The QuickBooks© Tune Up & Reporting Specialists
For some businesses, another firm is both a customer and a vendor. If you’ve invoiced that firm (as a customer) while they have billed your company as a vendor, they may opt to pay the net amount owed for simplicity and to preserve their own cash balance. In that case, you’ll need to find a [...]
In QuickBooks 2009 there are 6 reports to provide information about what customers or clients owe to a firm. They are: A/R Aging Summary A/R Aging Detail Customer Balance Summary Customer Balance Detail Open Invoices Collections Report These reports are found on the Reports->Customers & Receivables menu selection. Each report is intended to provide certain [...]
In QuickBooks 2009 for releases prior to R6, there was a bug (which has since been fixed) where undelivered items on a sales order that had previously been partially fulfilled had been incorrectly marked closed and could not be unchecked to be invoiced. This bug is discussed in this Intuit knowledge base article. The bug [...]
Yes, there are a few restrictions on making General Journal Entries to Accounts Receivable (A/R) and Accounts Payable (A/P) accounts. Normally, the preferred way to change the balance in an A/R or A/P account is by recording transactions, such as customer invoices or vendor bills. However, sometimes it’s more convenient to make a General Journal Entry. [...]
The Accountant’s Copy file in QuickBooks is an easy way for a company to transfer data to a third-party, such as an accountant. In an article on our blog, we’ve described how a company can easily transfer an Accountant’s Copy export file (.QBX) to us using Intuit’s secure servers. This file could be delivered via [...]
Sometimes, a client working with an Accountant’s Copy import file (.qby) may encounter a problem when attempting to import an accountant’s changes. In QuickBooks 2009, the import process will successfully import those changes and transactions that can be made, leaving those changes or transactions that produced an error condition. In earlier versions of QuickBooks, processing [...]
To import an accountant’s work prepared in an Accountant’s Copy import file (.QBY), the first step is to receive and save the .QBY file on your computer. Given the small size of most .QBY files, this file is normally transmitted via email. For background, use of an Accountant’s Copy in QuickBooks is an easy way [...]
The approach you use to return completed work to a client depends on which way you opted to work with the Accountant’s Copy export file (.QBX) file at the outset. Intuit does not provide electronic communications to transmit completed work to a client however you chose to work with the file initially. The simplest electronic [...]
QuickBooks is a complex program that processes a lot of data. As data is added to a QuickBooks company file (.qbw), loading and processing times increase. Within the program, slower processing is usually seen when performing tasks that involve the entire company file, such as running utilities or preparing reports. Since QuickBooks is typically used [...]
To delete or remove an existing loan from Loan Manager, follow these simple steps: Open Loan Manager from the Banking->Loan Manager menu in QuickBooks Highlight the loan you want to remove by clicking on it in the Loan List Click the Remove Loan… button Click Yes in the Remove Loan? window Here’s the main screen [...]
To add a new loan to Loan Manager, there are some preliminary steps to make before running Loan Manager: Evaluate if this is a loan that Loan Manager can track. Loan Manager doesn’t track interest-only loans, so if your loan requires you to make regular payments of interest over time and the entire principal in [...]
A common business situation is to use a new loan to repay one or more existing loans, possibly raising cash in the process. This is commonly referred to as a refinancing. QuickBooks includes a Loan Manager which can be run from the Banking->Loan Manager menu selection. It’s important to understand that Loan Manager is primarily [...]
When setting up inventory in POS for the first time, POS will automatically enter an adjustment memo to update your inventory value when you enter a value in the Average Unit Cost or the On-Hand Quantity fields when adding a new item. Before doing so, a message will pop up asking you to Continue or [...]
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