How to Limit User Access to One Bank Account in QuickBooks
Published 03/27/2010 | 
QuickBooks Enterprise gives you a lot more control over what a user can and can’t do, including limiting access to certain checking accounts. We always offer Quickbooks Enterprise for 20% discount. Intuit offers additional discounts from time-to-time that we always pass on to our clients. They're currently offering an additional 5% off (for as total of 25%). Even more exciting for larger companies, they're currently offering 20-30 users for the price of 15.
Visit our QuickBooks Enterprise page for a listing of our current promotions and discounts.
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth is the president of The QB Specialists, an Intuit Premier Reseller that offers huge savings and expert advice on QuickBooks POS and QuickBooks Enterprise. She is an Advanced Certified QuickBooks ProAdvisor and a member of Intuit’s Trainer/Writer Network. She is also certified in QuickBooks POS and QuickBooks Enterprise and has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
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How to Book Sales Tax in QuickBooks
Published 03/26/2010 | The only time it’d impact your P/L is if you didn’t collect enough for your customers. In this case, the shortfall that needs to be paid by your business would be an expense.
One last thing to keep in mind, make sure to pay your sales tax liability through the Vendor > Sales Tax menu. You need to pay it with a tax payment check. If you pay it with a regular check, your sales tax reports won’t be accurate.
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth is the president of The QB Specialists, an Intuit Premier Reseller that offers huge savings and expert advice on QuickBooks POS and QuickBooks Enterprise. She is an Advanced Certified QuickBooks ProAdvisor and a member of Intuit’s Trainer/Writer Network. She is also certified in QuickBooks POS and QuickBooks Enterprise and has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
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How to Transfer from a Reserve Fund to an Operating Fund in QuickBooks for Nonprofits
Published 03/25/2010 |
Funds:
Operating
Reserve
The institution maintains separate bank accounts for each fund and fixed assets are held in the operating fund. When purchasing a fixed asset with Reserve account funds, the recorded transaction is:
Fixed Asset $9,000 (Debit)
Cash $9,000 (Credit) (Dedicated Reserve Fund Checking Account)
To transfer the asset to the operating fund and reduce the reserve fund balance, I also record the additional lines in the check or bill:
Reserve Fund $9,000 (Debit) (Equity Account)
Operating Fund $9,000 (Credit) (Equity Account)
Does you have suggestions for a cleaner way of recording the transaction? The second half of the entry is not very transparent.
You’ll still need to transfer the equity account as well, since both the debit and the credit will offset each other when net income closes to retained earnings at year-end.
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth is the president of The QB Specialists, an Intuit Premier Reseller that offers huge savings and expert advice on QuickBooks POS and QuickBooks Enterprise. She is an Advanced Certified QuickBooks ProAdvisor and a member of Intuit’s Trainer/Writer Network. She is also certified in QuickBooks POS and QuickBooks Enterprise and has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
Web Store | Price List | Free Trials | Newsletter
How to Prepare Job Costing Reports for Unbilled/Unpaid Costs in QuickBooks for Contractors
Published 03/24/2010 | This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth is the president of The QB Specialists, an Intuit Premier Reseller that offers huge savings and expert advice on QuickBooks POS and QuickBooks Enterprise. She is an Advanced Certified QuickBooks ProAdvisor and a member of Intuit’s Trainer/Writer Network. She is also certified in QuickBooks POS and QuickBooks Enterprise and has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
Web Store | Price List | Free Trials | Newsletter
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