To record vehicle mileage as a reimbursable expense, you first need to set up the vehicle in the Vehicle List and the Service or Other Charge Item that represents the rate at which customers will be invoiced for mileage. Once these preliminary steps have been completed, click on the Company->;Enter Vehicle Mileage… menu selection to […]
How Do I Prepare To Charge Customers For Mileage?
The first step to charge customers or clients for vehicle mileage is to create a new Item with a type of Service or Other Charge. The Sales Price that you enter for this Item will be the price charged to the customer for mileage. QuickBooks maintains a separate list of Mileage Rates, but these rates […]
What Are the Procedures and Journal Entries To Record a Customer’s NSF or Bounced Check?
If you process enough transactions, sooner or later you’ll have to account for a returned check. A check that is returned unpaid is given many labels (such as NSF or bounced check) but the accounting treatment is the same. The procedures outlined below work effectively for POS users in both single stores and chains. Activities […]
How Do I Invoice a Customer for Reimbursable Expenses?
In order to easily invoice a customer or client for reimbursable expenses, you first need to make sure your QuickBooks installation is properly configured for this task. Your configuration depends on how you intend to account for reimbursable expenses. For more information on handling reimbursable expenses, see our related articles on enabling automatically invoicing customers […]
What Is an Inventory Assembly Item?
In QuickBooks an inventory assembly item is a specific type of Item that is the result of putting together a new inventory part out of a bundle of individual items to enable tracking finished goods separately from individual components. Normally, an inventory assembly item is used when separate raw materials are assembled, packaged, and sold […]
What Item Types Does QuickBooks Support?
QuickBooks supports 11 Item Types. Items themselves are maintained on the Lists->Item List menu selection, but the Item Types are pre-configured in QuickBooks and can’t be maintained by a user. The 11 Item Types are: Service Inventory Part Inventory Assembly Non-inventory Part Other Charge Subtotal Group Discount Payment Sales Tax Item Sales Tax Group There […]
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