Tag Archives: Expenses

What’s In Your Top 20?

You’re probably familiar with the Pareto Principle, which states that 80% of your results come from 20% of your work. Have you ever stopped to look at the Top 20 in your business? You can identify the top 20% of your customers, types of customers, products/services, sales reps, expenses, etc. in QuickBooks. While it won’t always be an 80/20, you can still see what floats to the top and bottom. Take a look! Continue reading

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I Need a Product That Does…

Perhaps you’ve been complaining about a problem and don’t realize that a solution exists.  Sometimes it’s helpful to know what’s out there. I put add-on products in 2 categories – Industry-specific and Task-specific Typically you’ll find predominantly industry-specific products at … Continue reading

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I Need a Product That Does…

Perhaps you’ve been complaining about a problem and don’t realize that a solution exists. Sometimes it’s helpful to know what’s out there. I put add-on products in 2 categories – Industry-specific and Task-specific Typically you’ll find predominantly industry-specific products at … Continue reading

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Portable Productivity: Smartphones Do Invoices, Expenses, Time Billing

How many times have you been out on the road or at a client site and wished you had easy access to your QuickBooks? Intuit and third-party developers have built online apps that fill in some of the gaps. These add-on solutions exist on websites, but they can collect data and synchronize it with desktop QuickBooks. So can that iPhone or Android that’s sitting on your desk right now. Continue reading

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Expense or Items Tab? Items – Pt. 4

I’ve been discussing how to setup and use Items in QuickBooks. A common mistake is to use Items inconsistently. I will admit that in my early QuickBooks, I was guilty of this. Let’s use the example below of lighting fixtures. On the Invoice, you have no choice but to use an Item, but not on the bill (or check or credit card charge). You have a choice of using either the Expense tab or the Items tab. Most people use the Expense tab and select the expense or Cost of Goods account (like Job Materials). Continue reading

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