QuickBooks Attached Documents addresses the need for security by providing 4 levels of application permissions across 8 areas of QuickBooks functionality under an account overseen by a single user. Users log into Intuit’s secure servers using an email address and password. While we’re on the subject of security, there’s one small drawback: the password is […]
How Do I Unattach a Previously Attached Document In QuickBooks Attached Documents?
From time to time, you may find that you’ve attached a document to the wrong list item or transaction when using QuickBooks Attached Documents. It’s easy to unattach a previously attached document in QuickBooks Attached Documents once you consider some Attached Documents basics: Unless you want to remove a document from online storage, you can […]
How Many Vendor Addresses Does QuickBooks 2011 Support?
QuickBooks 2011 now supports 2 vendor addresses; prior versions of QuickBooks supported only 1. The Shipped From Address field is used on vendor purchase orders. The Billed From Address is used on bills and bill credits, and this address will appear when printing a check to the vendor. In effect, the Billed From Address is […]
What’s the New Paid Stamp For QuickBooks 2011?
For QuickBooks 2011, Intuit improved the Paid stamp to reflect the date the customer invoice was paid, as shown in the screenshot below. Unfortunately, a Paid stamp is also applied to vendor bills, and that stamp does not reflect the date the bill was paid.
What Is the New History Tab In QuickBooks 2011?
For QuickBooks 2011 and Enterprise Solutions 11.0, Intuit added a History tab to several key windows in QuickBooks: Enter Bills Create Purchase Orders Create Item Receipts Create Invoices Create Credit Memos/Refunds Enter Sales Receipts Unfortunately, it’s not included on the Receive Payments window. The History tab can be quickly opened and closed, and shows a […]
What Is the QuickBooks Attached Documents Service?
QuickBooks Attached Documents is a new extra-cost service introduced with QuickBooks 2011 and Enterprise Solutions 11.0 that allows users to attach documents to QuickBooks lists or transactions from within QuickBooks. It replaces the Document Management service introduced with QuickBooks 2010. Versions of QuickBooks prior to QuickBooks 2010 don’t support attaching documents to list items or […]
How Can I Close Transactions With a Customer Who Is Also a Vendor Who Only Paid the Net Balance On an Invoice?
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 […]
Are There Restrictions On Making General Journal Entries To A/R and A/P Accounts?
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. […]
What Are Sources and Targets?
Sources and targets are important concepts to understand reporting in QuickBooks and use of the Advanced Find function. Sources and targets are terms assigned by Intuit to describe transactions. In most instances, the source of a transaction is the summary or total of the transaction. For example, the source of a check includes the amount […]
Are Licensed Recordings of Music an Asset of My Company?
Maybe. Under US GAAP, the accounting for recorded music is governed by Financial Accounting Standards No. 50, Financial Reporting in the Record and Music Industry. FAS No. 50 says in part that: The portion of the cost of a record master borne by the record company shall be reported as an asset if the past […]
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