How to Purchase Inventory with a Credit Card in QuickBooks POS
Published 03/31/2013 | 
They purchase their inventory (retail store) with credit cards online.
They have an inventory asset account.
They have a cost of good account.
Where would you post the credit card charge totals?
(I’m used to doing a Purchase order for inventory items, receiving the items, and paying the bill.)
The receiving voucher will create an item receipt in QuickBooks. Select Enter Bills for Received Items and then go to Pay Bills and pay it using the credit card account.
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 Record Donations in QuickBooks
Published 03/30/2013 | Thank you very much.
You should record donations on sales receipts instead of using Receive Payments. However, it’ll probably be quicker to fix this issue by creating invoices for each donation and then applying the payment to it.
I recommend using Big Red’s Donor Statements add-on for the donation letters:
http://bigredconsulting.com/products/donor-statements-for-quickbooks/
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 Switch to QuickBooks Premier Retail in QuickBooks Accountant
Published 03/29/2013 | But it’d probably be easier to just use a sales receipt.
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 Troubleshoot a Difference Between the A/R on the Balance Sheet and the A/R Aging Report in QuickBooks
Published 03/28/2013 | Another related question if you do not mind. I have a difference between The AR on the Balances sheet and the AR aging summary.
What would be the possible causes?
Best Regards
Compare the transactions listed to the A/R Aging Detail report so see what’s causing the difference.
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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