http://blog.sunburstsoftwaresolutions.com by Sunburst Software Solutions, Inc. Tue, 07 Feb 2012 13:31:25 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://blog.sunburstsoftwaresolutions.com/2011/05/23/quickbooks-creating-a-more-meaningful-payroll-expenses-section/ http://blog.sunburstsoftwaresolutions.com/2011/05/23/quickbooks-creating-a-more-meaningful-payroll-expenses-section/#comments Mon, 23 May 2011 10:00:41 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=2182 QuickBooks, by default, offers a single account called Payroll Expenses in your Chart of Accounts and all of the pre-programmed Payroll Items for wages and taxes are assigned to that one single account.

]]> http://blog.sunburstsoftwaresolutions.com/2011/05/23/quickbooks-creating-a-more-meaningful-payroll-expenses-section/feed/ 2 http://blog.sunburstsoftwaresolutions.com/2011/05/16/2149-2/ http://blog.sunburstsoftwaresolutions.com/2011/05/16/2149-2/#comments Mon, 16 May 2011 11:48:23 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=2152 A QuickBooks Payroll Tip for creating a more functional Payroll Liabilities section on your Chart of Accounts in 3 Steps

]]> http://blog.sunburstsoftwaresolutions.com/2011/05/16/2149-2/feed/ 3 http://blog.sunburstsoftwaresolutions.com/2011/05/09/quickbooks-payroll-tip-tracking-employee-advances-or-loans/ http://blog.sunburstsoftwaresolutions.com/2011/05/09/quickbooks-payroll-tip-tracking-employee-advances-or-loans/#comments Mon, 09 May 2011 12:18:49 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=2113 There are three ways in which to record an employee advance or loan in QuickBooks; with his regular paycheck, writing him a check, or giving him cash.

]]> http://blog.sunburstsoftwaresolutions.com/2011/05/09/quickbooks-payroll-tip-tracking-employee-advances-or-loans/feed/ 1 http://blog.sunburstsoftwaresolutions.com/2011/04/11/quickbooks-payroll-tip-setting-up-general-liability-insurance-tracking/ http://blog.sunburstsoftwaresolutions.com/2011/04/11/quickbooks-payroll-tip-setting-up-general-liability-insurance-tracking/#comments Mon, 11 Apr 2011 09:14:57 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=2020 QuickBooks Payroll, when properly set up, is capable of tracking and including the cost of your General Liability Insurance in job costing reports.

]]> http://blog.sunburstsoftwaresolutions.com/2011/04/11/quickbooks-payroll-tip-setting-up-general-liability-insurance-tracking/feed/ 0 http://blog.sunburstsoftwaresolutions.com/2011/03/09/quickbooks-tip-tracking-retainage-payable-to-subcontractors/ http://blog.sunburstsoftwaresolutions.com/2011/03/09/quickbooks-tip-tracking-retainage-payable-to-subcontractors/#comments Wed, 09 Mar 2011 11:00:41 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=1898 There are two possible ways to track retainage that you owe to your subcontractors; one method utilizes a Sub-Account of Accounts Payable, called Retainage Payable, and the other method utilizes an Other Liability Account, called Retainage Due to Subcontractors. Please review the setup and use of both methods, and choose whichever one seems more appropriate for your use.

]]> http://blog.sunburstsoftwaresolutions.com/2011/03/09/quickbooks-tip-tracking-retainage-payable-to-subcontractors/feed/ 0 http://blog.sunburstsoftwaresolutions.com/2010/12/01/starting-a-new-quickbooks-file/ http://blog.sunburstsoftwaresolutions.com/2010/12/01/starting-a-new-quickbooks-file/#comments Wed, 01 Dec 2010 13:36:04 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=1312 When starting a new QuickBooks company data fle, some Chart of Accounts items are automatically created.

]]> http://blog.sunburstsoftwaresolutions.com/2010/12/01/starting-a-new-quickbooks-file/feed/ 0 http://blog.sunburstsoftwaresolutions.com/2010/11/30/quickbooks-tip-understanding-your-chart-of-accounts/ http://blog.sunburstsoftwaresolutions.com/2010/11/30/quickbooks-tip-understanding-your-chart-of-accounts/#comments Tue, 30 Nov 2010 14:02:42 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=1305 The QuickBooks Chart of Accounts is a complete list of a businesses accounts and their balances. You will use it to track how much money you have spent, how much money you have – and - how much money you owe.

]]> http://blog.sunburstsoftwaresolutions.com/2010/11/30/quickbooks-tip-understanding-your-chart-of-accounts/feed/ 2 http://blog.sunburstsoftwaresolutions.com/2010/09/27/quickbooks-2011-new-balance-sheet-by-class-report-part-5/ http://blog.sunburstsoftwaresolutions.com/2010/09/27/quickbooks-2011-new-balance-sheet-by-class-report-part-5/#comments Mon, 27 Sep 2010 15:39:11 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=1035 A Sales Tax Liability check, causes the amount of the payment to display in the Unclassified column of the Balance Sheet by Class Report - a Journal Entry is required to correct it.

]]> http://blog.sunburstsoftwaresolutions.com/2010/09/27/quickbooks-2011-new-balance-sheet-by-class-report-part-5/feed/ 1 http://blog.sunburstsoftwaresolutions.com/2010/09/24/quickbooks-2011-new-balance-sheet-by-class-report-part-4/ http://blog.sunburstsoftwaresolutions.com/2010/09/24/quickbooks-2011-new-balance-sheet-by-class-report-part-4/#comments Fri, 24 Sep 2010 16:41:17 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=1025 Another limitation of the Balance Sheet by Class report that I was disappointed in is that payroll liability payments to classes are not automatically allocated and must be manually done by the user.

]]> http://blog.sunburstsoftwaresolutions.com/2010/09/24/quickbooks-2011-new-balance-sheet-by-class-report-part-4/feed/ 2 http://blog.sunburstsoftwaresolutions.com/2010/08/27/quickbooks-tip-chart-of-accounts-your-cpa-your-tax-return/ http://blog.sunburstsoftwaresolutions.com/2010/08/27/quickbooks-tip-chart-of-accounts-your-cpa-your-tax-return/#comments Fri, 27 Aug 2010 12:47:05 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=918 Many companies fail to set up their charts of accounts correctly in QuickBooks.  Over the years I have seen charts of accountants that look like a collage of accounts in helter skelter format without any logical order, containing duplicate if not triplicate accounts, inconsistent protocols, and even inappropriate, if not undecipherable, names. At tax time, [...]

]]> http://blog.sunburstsoftwaresolutions.com/2010/08/27/quickbooks-tip-chart-of-accounts-your-cpa-your-tax-return/feed/ 3 http://blog.sunburstsoftwaresolutions.com/2010/08/26/quickbooks-tip-%e2%80%93-modifying-working-with-your-quickbooks-chart-of-accounts/ http://blog.sunburstsoftwaresolutions.com/2010/08/26/quickbooks-tip-%e2%80%93-modifying-working-with-your-quickbooks-chart-of-accounts/#comments Thu, 26 Aug 2010 13:57:51 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=914 Setting up or modifying an existing Chart of Accounts is not an overwhelming task in QuickBooks. If you are new to QuickBooks, when you create your company file (File menu -> New Company), the EasyStep Interview provides you with a “wizard”, industry specific templates, and example accounts are even suggested.   If you need a starting [...]

]]> http://blog.sunburstsoftwaresolutions.com/2010/08/26/quickbooks-tip-%e2%80%93-modifying-working-with-your-quickbooks-chart-of-accounts/feed/ 6 http://blog.sunburstsoftwaresolutions.com/2010/08/25/quickbooks-tip-%e2%80%93-the-chart-of-accounts-what-it-is-it%e2%80%99s-many-uses-in-your-business/ http://blog.sunburstsoftwaresolutions.com/2010/08/25/quickbooks-tip-%e2%80%93-the-chart-of-accounts-what-it-is-it%e2%80%99s-many-uses-in-your-business/#comments Wed, 25 Aug 2010 16:29:27 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=911 The Chart of Accounts in QuickBooks is the backbone for a company to track how much money it has, money it owes, money that is coming in, and money it is spending. The chart of accounts should be designed to include the accounts necessary for both financial and income tax reporting.

]]> http://blog.sunburstsoftwaresolutions.com/2010/08/25/quickbooks-tip-%e2%80%93-the-chart-of-accounts-what-it-is-it%e2%80%99s-many-uses-in-your-business/feed/ 0 http://blog.sunburstsoftwaresolutions.com/2010/07/09/quickbooks-tip-handling-retainage/ http://blog.sunburstsoftwaresolutions.com/2010/07/09/quickbooks-tip-handling-retainage/#comments Fri, 09 Jul 2010 11:00:25 +0000 Nancy Smyth http://blog.sunburstsoftwaresolutions.com/?p=773 Retention or retainage is usually a specific percentage, for example 10%, of the total contract that is held back by the project owner in reserve to protect the owners interest. QuickBooks users must initiate work-arounds and make QuickBooks track retainage that is held on each progress invoice.

]]> http://blog.sunburstsoftwaresolutions.com/2010/07/09/quickbooks-tip-handling-retainage/feed/ 0 http://blog.sunburstsoftwaresolutions.com/2009/01/09/numbering-account-numbers-in-your-quickbooks-chart-of-accounts/ http://blog.sunburstsoftwaresolutions.com/2009/01/09/numbering-account-numbers-in-your-quickbooks-chart-of-accounts/#comments Fri, 09 Jan 2009 19:21:21 +0000 Nancy Smyth http://blog.certifiedpayrollreports.com/?p=83 The QuickBooks Chart of Accounts is the framework used to categorize the information and transactions used to create reports. By using a chart of accounts and creating reports, you will always know the current state of your business.

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