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Monthly Archives: October 2011

How to Connect QuickBooks Point of Sale to QuickBooks Enterprise

Hi Ruth. I can’t figure out how to connect my QuickBooks POS to QuickBooks Enterprise. Can you help?

Setting up the connection between QuickBooks and QuickBooks Point of Sale is usually pretty easy. Open both files and go to your QuickBooks POS preferences (File > Preferences > Company in POS 10.0, Edit > Preferences > Company in POS 9.0 and back) and check the box next to Use with QuickBooks Financial Software.

I normally recommend setting your preferences to Detailed item descriptions sent for customer charge account transactions only so your QuickBooks file doesn’t grow too large or end up needing more than 14,500 inventory items. But since you are already using QuickBooks Enterprise Solutions, you can choose to send detailed item descriptions to QuickBooks if you like.

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Ruth Perryman - QuickBooks Specialist Written by +Ruth Perryman, CMA, CFE, CFM, MBA

Ruth has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.


QuickBooks price list | Buy QuickBookse | Free trial of QuickBooks POS | Free trial of QuickBooks Enterprise

How to Move a Customer Deposit out of a Liability Account and Book as a Sale in QuickBooks

Hi Ruth. We have a current liability account into which we book deposits for work to be performed at a later date – usually within a few weeks but sometimes as much as a year or more. When the job is completed we collect final payment and book it as a sale.

What is the cleanest acceptable method for moving the deposit out of the liability account and booking it as a sale? In the past I have simply opened the original sales receipt and changed the item from deposit to the sales item, but I expect a CPA would shudder at the thought of altering a sales receipt after the fact. Plus, I run the risk of inadvertently altering the dollar amount, and that would cause all sorts of trouble.

Is there a simple solution?

Thanks much. I love your tips and tricks.

Yes there is! On the final invoice, invoice for the full amount of the contract using your regular sales item and add a line using the deposit item with a negative amount equal to the deposit. This will book the full sales amount, reduce the deposit amount, and invoice your client for the remaining amount due. Plus clients love seeing all the transactions on one form.


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Ruth Perryman - QuickBooks Specialist Written by +Ruth Perryman, CMA, CFE, CFM, MBA

Ruth has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.


QuickBooks price list | Buy QuickBookse | Free trial of QuickBooks POS | Free trial of QuickBooks Enterprise

How to Setup QuickBooks for Job Costing

I’ve been reading your job costing its not is easy as it sounds I having a hard time setting it up. Do I need a special program to do this? I use QuickBooks Pro 2010 Thank you

Job costing is all about items. First, you need to set them up so you can get the info you’re looking for (usually by job phase). Then you need to use items on all your transactions including purchases (bills, checks, credit card charges, etc.)

We’ve got a free 4-part QuickBooks for Job Costing series I did for Intuit a few years back. It’s at the very bottom of the page.


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Ruth Perryman - QuickBooks Specialist Written by +Ruth Perryman, CMA, CFE, CFM, MBA

Ruth has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.


QuickBooks price list | Buy QuickBookse | Free trial of QuickBooks POS | Free trial of QuickBooks Enterprise

How to Link Expenses to Grants in QuickBooks

How do I link expenses to grants?

You can use classes to track grant revenue and expenses. Just make sure to enter the class on all your grant-related transactions and use the Profit & Loss by Class report. You could also use customer:jobs and the Profit & Loss by Job report. I recommend using both.

You can also create budgets by class or customer:job, but if the grant is multi-year I’d use an estimate instead. In this case, you’d create a customer:job and then create items for each grant phase. Then use the customer:job and the items on all your grant-related transactions including bills, checks, credit card charges (using the Items tab), and use the Job Estimates vs. Actuals report.


If we helped solve your problem, please consider posting a review for us!

Ruth Perryman - QuickBooks Specialist Written by +Ruth Perryman, CMA, CFE, CFM, MBA

Ruth has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.


QuickBooks price list | Buy QuickBookse | Free trial of QuickBooks POS | Free trial of QuickBooks Enterprise