Tag Archives: QuickBooks

Working with Customer Deposits (or Prepayments)

Do you take payment up front from customers when starting a job? Whether you’re in the construction industry, landscaping, trades or some other type of business, deposits up front help cash flow and enable you to pay employees and purchase materials for the job. While there are different ways to handle this scenario, not all of them are correct from an accounting perspective. The results can be misleading information or confusion for the bookkeeper or customer. Here’s the method I recommend for handling prepayments in QuickBooks. Continue reading

Posted in Business Finance, Cash Flow, Features, Job Costing, QuickBooks | Tagged , , , , , | Leave a comment

Profit Planning with QuickBooks Budgeting Tools

You’re ready to use create your budget in QuickBooks – great! Start by clicking on Company > Planning & Budgeting> Set Up Budgets. Continue reading

Posted in Business Finance, Cash Flow | Tagged , | Leave a comment

Profit Planning for 2019

It’s time to plan for your new year and profitability. Many of you may have already worked on a business budget for 2019. If you haven’t, I encourage you to do so – no matter what size your business is. If it helps, think of your sales, gross profit and net profit as goals you want to achieve. And I think you’ll agree that it’s much easier to hit a target you can see ;-). Once your budget is in QuickBooks, it’s easy to monitor how you’re doing during the year, so you don’t have to do updating in spreadsheet or just wonder. Continue reading

Posted in Business Finance, Cash Flow | Tagged , , , | Leave a comment

QuickBooks Setup for Success

It’s the start of a new year and for many, this is the time to make changes to your QuickBooks before your season gets busy. Here are 4 major areas I consider when working with contractor clients: Continue reading

Posted in Business Finance, Features, Job Costing, QuickBooks | Tagged , , , , , , , , , , , , , , | Leave a comment

QuickBooks Year-end Checklist

Posted in Payroll, QuickBooks, Year End | Tagged , , , , , , , , , | Leave a comment

Get A Jumpstart on 1099’s for Contractors

Now is a good time to get a jumpstart on 1099’s for contractors. Here are some tips to help make that year-end process go smoother Continue reading

Posted in Business Finance, QuickBooks, Year End | Tagged , , , , , | Leave a comment

Is It Time For a Change

Is it time to make a change with your bookkeeping and accounting products? As you get near the end of 2018, it’s a good time to evaluate whether or not you need to make some changes. Here are some questions to help you decide if you need to make some changes regarding the Intuit products: Continue reading

Posted in Business Finance, Credit Card Processing, Merchant Services, Payroll, QuickBooks, Year End | Tagged , , , , , , , , , | Leave a comment

Optimize Your Revenue Mix for More Profitability in 2019

Many small business owners focus on generating more revenue every year, and that’s a great objective. But not all income is created equally. If you have more than one type of division/service and/or service/product, then it’s worthwhile taking a closer look at the profitability of each. Continue reading

Posted in Business Finance, QuickBooks, Year End | Tagged , , , , , , | Leave a comment

Year-End Review and Planning

While you still have 2 more months to generate income (and expenses), you probably have a somewhat good idea of your year-end numbers. As you look back over your year, take the time to list what worked – and what didn’t. Here are a few recommendations to help you review 2017 so you can plan for 2018 Continue reading

Posted in Business Finance, QuickBooks, Reports, Year End | Tagged , , , , , , , , , , , , , | Leave a comment

Determining Your Most Profitable Sales

It’s time to review your sales to see where you were most profitable in 2018 and see what changes, if any, you’ll make for 2019. When looking at profitability, there are a few different factors you can review using QuickBooks. So here are 5 areas to consider. Continue reading

Posted in Business Finance, QuickBooks | Tagged , , , , , , , | Leave a comment