Intuit announced last night that QuickBooks 2011 and Enterprise Solutions 11.0 will be available by September 17, 2010, including via electronic download from our Buy QuickBooks page. On tap for 2011 are: A new Collections Center to make it easy to send overdue invoices to customers via email Support for batch invoicing Balance sheets by […]
How Do I Choose the Adjustment Account When Adjusting Inventory Quanity or Value On Hand?
The adjustment account you choose depends on why you need to adjust inventory and how much detail you want in your GL. Quantity adjustments can occur as a result of several common business situations, such as theft or discovery of damaged goods that have become unsaleable. If you want a great deal of detail in […]
Does QuickBooks Support True Fund Accounting?
Out of the box, QuickBooks doesn’t completely support true fund accounting, but there are several simple, low cost ways to provide fund accounting in QuickBooks. Fund accounting is a method of accounting used by public sector (e. g., cities and towns) and non-profit organizations because these entities have a need to track balances and expenditures […]
Does QuickBooks Have Limits On the Number of List Items and Transactions That Can Be Entered?
Yes. There are 2 kinds of limits: physical and practical. Let’s consider each in turn. QuickBooks faces these physical limits: 2 billion transactions 10,000 accounts in the GL chart of accounts 14,500 names (customers, vendors, employees, and other names – combined) 14,500 items (which include inventory items) 10,000 classes 100 price levels The above list […]
What Is Class Tracking and How Do I Enable It?
A class in QuickBooks is a single-purpose tool to classify income and expense transactions. Class tracking is not used for balance sheet accounts. It’s also not a way to group customers, jobs, or vendors. To do that, use a Type, which can be managed on the Lists->Customer & Vendor Profile Lists menu selection. To use […]
Looking for discounts on QuickBooks? Check out our