Category: Bookkeeping Tutorials
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How to Track Business Receipts
It’s important to know how to track business receipts. If you gather and keep your receipts like a bookkeeper would, you’ll save yourself a lot of unnecessary time. Gathering receipts is very important. Here’s why: Saving Your Receipts Digitally I recommend saving your receipts in two to three different places digitally. One copy can be… Read more
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A Service Business Chart of Accounts For You
This is a tutorial for people starting a new business. For more business tutorials, see the tutorials section. If you’re just starting a service-based business, a proper chart of accounts will help you: Let’s figure out what you really need to get started. I’ll first address the number code systems and then present to you… Read more
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Double-Entry Bookkeeping Explained (Easily, for Once)
It seems complicated at first, but you can have double-entry bookkeeping explained in a way that is very simple. This is the best way I can think of it right now: Imagine two sets of elevators on a balanced scale. On the left set (of two) only the left one will go up when weight… Read more
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In 90 Seconds – Add New Users to Quickbooks!
Here’s how to add new users to QuickBooks Online. I’ll show you how in 90 seconds. For other video tutorials check out my tutorials page. To have me be the bookkeeper for your business, contact me for a free strategy call. Read more
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Connect Your Bank Feeds to QuickBooks Online in Rocket-Speed Time!
Here is a video showing how to connect bank feeds to QuickBooks Online. To have me look at your books and develop a strategy to take the bookkeeping as much off of your hands as you want, contact me. If you just have a question, send message here. Read more
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What ARE cash and accrual accounting? The best for you is…
One of the first decisions every business owner faces is choosing how to track his or her finances. The two main methods —cash accounting and accrual accounting—offer very different approaches. Don’t know which one you should use? Here’s a quick explanation: What is Cash Accounting? With cash accounting, you record income and expenses only when… Read more
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Now My Books Make Sense – How A Chart of Accounts Works For You
In this post we’ll learn how a chart of account works. A chart of accounts is a list of categories that every transaction fits into. If we’ve done our job right, there should be a category for every type of transaction. At the same time, the same type of transaction should not have two different… Read more
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Co-Mingling Funds: the FASTEST Way to Wreck Your Bookkeeping
I heard a story about co-mingling funds from a fellow bookkeeper this morning, just before I wrote this. A prospective client added 18 bank accounts to his accounting software account. These accounts included his business bank accounts for multiple businesses, his personal bank accounts, his personal investment accounts. We don’t have a name for him,… Read more
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How to Receive Payments & Deposits in QuickBooks Online like a Pro Bookkeeper! (in 3 minutes)
QuickBooks tries to be intuitive, but there are so many options that sometimes it’s confusing to try even simple things. One example is how to receive payments in Quickbooks Online, and recording deposits. In this video I explain how to receive payments and record deposits in QuickBooks Online, and I do it in under 3… Read more
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How to Make an Invoice in Quickbooks (in under 90 seconds flat!)
Here’s how to make an invoice in QuickBooks Online. When you return to the customer screen, you should see the new invoice you made. To have me do all this for you as your bookkeeper, start by scheduling a free call with me to talk about your bookkeeping needs and business goals. To read or… Read more