How to Apply Payments to Invoices in Quickbooks Online When money is received from a customer, it’s important to mark it as received even if the money has yet to be deposited. Let’s look at an example in which we just received a $100 payment from our customer Wedding...
Quickbooks Online Keyboard Shortcuts Keyboard shortcuts are great for speeding up the bookkeeping process. They will allow you to spend less time on your accounting and more time on your business. The standard format for all Quickbooks Online shortcuts are as...
How to Create an Invoice on Quickbooks Online In Quickbooks Online, it’s easy to create and send invoices to your customers. In this example, we’ll be sending a $50 invoice to Amy’s Bird Sanctuary for doing their weekly gardening. On the left side bar, hover over...
Written by the OneBooks Team QuickBooks hit the market 38 years ago in 1983, developed by Scott Cook and Tom Proulx to bring the benefits of the already successful Quicken to small business owners. In fact, Proulx has always aimed high, famously saying “We will be the...
How to Match Transactions in QuickBooks To avoid creating duplicate entries, matching new transactions with transactions that are already in the system is important. Let’s look at an example through a transaction in the Banking tab. There is currently a $18.08 expense...
How to Merge Accounts in Quickbooks Online Merging accounts is important to declutter the financial statements and offer a clearer look at the business’s financial health. As seen in the snippet of the P&L below, there is a category for Meals & Entertainment...
How to Make Sub-Accounts on Profit & Loss using Quickbooks Online Making sub-accounts allows for a further level of detail within the categorization process. It also keeps certain transactions separate from one another, while still allowing for overarching...
Adding Recurring Transactions Adding recurring transactions will ease the bookkeeping process, since you won’t have to manually add the same transaction every month! First, go to the gear in the upper right corner, and under Lists, select Recurring Transactions. We...
Written by the OneBooks Team Did you know that poor accounting services is one of the top 10 reasons that businesses fail today? The trouble is, maintaining an in-house bookkeeper can be extremely costly. Thankfully, businesses can afford trustworthy bookkeeping by...
How to Batch-Add Transactions On the Banking tab, batch-adding transactions can help speed up the categorization process. First, sort the transactions by description to group all alike transactions together. On the left side, check off the boxes of all transactions...
