Non‑profits often work with tight budgets and multiple funding sources. Keeping track of donations and grants can be challenging. QuickBooks Online (QBO) offers tools to simplify nonprofit accounting. Set up your chart of accounts. Start by creating categories that reflect your programs and funding sources. For example, separate income accounts for donations, grants and membership...
When facing QuickBooks Online accrual basis cleanup with numerous outstanding checks, start by creating a comprehensive list of all uncleared transactions, use systematic color-coding or sorting methods to track timing differences, and focus on matching transaction dates to when expenses were actually incurred rather than when checks were cashed. The key is understanding that in accrual...
Question: How do you record in your bookkeeping when you accidentally pay an employee their gross pay instead of net pay, and they e-transfer you back the difference-including if they send back a little too much? Answer: Record the initial overpayment as usual, then treat the returned funds as a reimbursement from the employee. If...
To set up Expensify to work with QuickBooks Online (QBO) Payroll and reimburse employees for expenses via payroll: Sync Expensify with QBO as a “Bill” (not an expense or journal entry). Create a liability account in QBO to track reimbursable expenses. Add reimbursements as paycheck deductions in QBO Payroll. This process ensures expenses flow from Expensify to QBO...
Do you use QuickBooks Online for your business? If yes, you’ve probably faced some annoying problems. Here are some common issues and how you can fix them. Problem 1: Viewing Invoices and Credit Card Entries in QuickBooks Online When you want to look at an invoice or credit card entry, QuickBooks makes you click “edit”...
Yes—QuickBooks Elite Payroll can centralize time tracking for 150+ employees, including temp workers paid via agency invoices. But it’s not perfect. Here’s what you need to know before migrating from TSheets: Temp employees: You can track their time in Elite without adding them to your regular payroll. Payroll integration: Elite syncs with QuickBooks to automate wage calculations, tax filings,...
QuickBooks Online (QBO) users are frustrated with rising costs, forced subscription models, performance issues, and missing features. Solutions include exploring alternative accounting software, optimizing QBO workflows, and working with certified professionals to ease the transition. Why Are Users Angry About QuickBooks Online (QBO)? Over the past six months, discussions on r/Accounting, r/QuickbooksOnline, r/Quickbooks, and r/Bookkeeping...
Yes, your journal entry is mostly correct—but let’s refine it to avoid equity account confusion and IRS red flags. Here’s the simplified approach: Debit Business Credit Card Expense: $150 (total bill). Credit Business Checking: $100 (portion paid by the business). Credit Shareholder Contribution (Equity): $50 (owner’s personal payment). No need for “Personal Funds Clearing” or “Loans to...
QuickBooks Online (QBO) users are primarily frustrated with the forced subscription model, significant price increases, performance issues, and feature limitations compared to Desktop versions. Many users report a 400-600% cost increase while experiencing reduced functionality. Solutions include exploring alternatives like Xero or Zoho Books, working with Certified ProAdvisors, and implementing specific workarounds for missing features....
“QuickBooks login” is the process of accessing your QuickBooks account online. Once you log in, you can see financial records, track expenses, create invoices, and manage bookkeeping tasks. Here, we’ll go through how to log in, what to do if you have trouble, and give examples. This helps both new and experienced users understand the...
QuickBooks Time (Tsheets intuit), formerly TSheets, is a versatile tool for time tracking and employee scheduling that integrates seamlessly with QuickBooks. This guide explains its features, benefits, and challenges and provides step-by-step instructions to help you make the most of it. What is QuickBooks Time? QuickBooks Time is a cloud-based solution for businesses to streamline...
When you start entering your business’s expenses at the end of the year, it can get messy if your invoices, receipts, and bank statements don’t match up. You may have missing documents, or you might find that some things listed on the bank statements don’t have a matching invoice or receipt. Sometimes owners pay from...
If you run a salon and use Square for your point-of-sale (POS) needs while managing your books with QuickBooks Online (QBO), you’re probably looking for a way to efficiently organize your income and expenses. The good news? There are tools to help you seamlessly map your Square transactions into QuickBooks Online, saving you time and...
Fed up with manually matching invoices to supplier bills in QuickBooks Online? You’re not the only one! Many business owners and bookkeepers know just how tedious this task can be. But don’t worry—We canshow you how to connect bills and invoices in quickbooks online, step-by-step. This guide will transform your bookkeeping process and save you...
Source: TSheets Intuit In the ever-evolving world of business management software, QuickBooks TSheets has emerged as a prominent player in time tracking and payroll solutions. This comprehensive look at QuickBooks TSheets, now known as QuickBooks Time, explores its features, benefits, and potential drawbacks, providing valuable insights for businesses considering this software for their time tracking...
CentsIQ is a bookkeeping and financial services provider. We serve businesses in Seattle WA (Bellevue, Redmond, Kirkland, Renton, Kent, Maple Valley, Covington) , Portland OR, Memphis TN and beyond.
