Tracking the products and services you purchase to run your business
We can help you figure out how to track your Cost of Goods or Services Sold. This involves helping you track expenses such as Labor, Material, or Other Cost of Goods or Services type expenses.
Reason 1: To understand the health of your business With an accurate Profit and Loss report and a Balance Sheet you can determine the rhythm of your business[...]
Small business owners need to understand when to “Split” transaction amounts in their QuickBooks Online bank feeds for money spent. Adding new “Liabilities” to your QuickBooks Online “Balance[...]
Before you can record a deposit, retainer or trust fund money received, the related product and service items and accounts need to be setup in QuickBooks Online. With[...]
When setting up your QuickBooks Online account, it is very important to create a complete and well organized Products and Services list. These products and services will be[...]
Your accountant will request your customer project details in Excel format. It is also important to identify if there are income or expense transactions that will need to[...]
The key to producing meaningful financial reports for your business is to create a customized chart of accounts that helps you to visualize your sales and the cost[...]