Running a Profit & Loss (P&L) On the left sidebar, click on Reports. Then, select the Profit and Loss (it should be in the Favorites section). A P&L is a “video” of your business throughout a specific time period and displays your company’s income and...
Written by the OneBooks Team Prioritizing the bookkeeping of your business is critical for all business owners. However, some of the individual needs of each company will vary greatly depending on what industry said business belongs to. This is particularly true for...
How to Run a Balance Sheet in QuickBooks Online A balance sheet is a snapshot of your business on any given day and displays your company’s assets, liabilities, and equity. Let’s go over how to create your own. On the left sidebar, click on Reports. Then, select the...
Finding Past Transactions In Quickbooks, there are many ways to locate past transactions. For the following methods, we will be searching for a $55 expense paid to Cal Telephone for our phone plan. Method #1 The first method to find this transaction is to simply go to...
Creating Rules for Recurring Transactions In QuickBooks, rules are essential for not only speeding up the bookkeeping process, but also keeping it consistent. For the following example, we’ll make a rule for Bob’s Burger Joint. Since we go to Bob’s Burger Joint...
Written by the OneBooks Team When hiring a bookkeeper, whether a virtual, online bookkeeper or someone down on Main Street, it can be an extremely beneficial move for you, the business owner. It frees up your time while helping you reduce expenses. Most people are...
Adding Attachments to Transactions Adding attachments to transactions allows for a more detailed, well-rounded bookkeeping system. Let’s go over how to add attachments by using the example check below that we made out to John Smith for “Window Cleaning.” We want the...
Written by the OneBooks Team Tax season is something that most people would rather avoid altogether, considering the number of business deductions for taxes and the forms and calculations necessary to complete the task. For owners of small businesses, the process can...
Written by the OneBooks Team Finding bookkeeping services for your business is a critical responsibility, as it involves the management of your financials. Any errors committed in this area could become expensive problems further down the line and could cause your...
Written by the OneBooks Team When starting a business, you’ll need to take on a wide array of tasks to successfully launch it. At this stage, most business owners have a finite amount of resources at their disposal. They must prioritize the company’s needs to prevent...
