2011
Our Blog in 2011 – The Year in Review
Like everyone who writes a blog, I always wonder how well it's doing. I was pretty surprised what the site stats had to say about 2011. Continue reading
IRS Offers Initial Information on 2011 W-2 Reporting of Health Care Coverage
The IRS offers initial information and guidance to employers about 2011 W-2 reporting of the cost of health insurance coverage they sponsor for employees. Source: SSA/IRS Reporter – Summer 2011 Newsletter Continue reading
#Freebie Friday – March 4, 2011
I have to confess, it's been a horribly busy week, and while I have a bunch of new "things" in the works, they all need some final touches so nothing new is ready for this week. Continue reading
QuickBooks Tip – Upgrading to 2011 Forms & Template Errors
If you've recently upgrade to QuickBooks 2011 and are experiencing "Template Errors" or "Missing Arial W1 font" messages, here's a quick fix. Continue reading
FREE QuickBooks 2011 Contest – Enter to Win
FREE QuickBooks 2011 Contest - Enter to Win. Ruth Perryman, Michelle Long, Laura Madeira & Bonnie Nagayama have teamed up with Intuit to offer FREE QuickBooks software. Continue reading
QuickBooks 2011 – Can’t Verify Subscription Without Internet
Have you or your clients received a QuickBooks 2011 message window stating We can't detect your internet connection, so we can't verify your QuickBooks subscription or a UAC window for a QuickBooks Utility Application? Continue reading
What’s New in QuickBooks 2011 – A Comprehensive Overview
Free eBook - "What's New in QuickBooks 2011 - A Comprehensive Overview". For those of you who follow this blog, you'll know that I've been posting about new features and functions of QuickBooks 2011 since early September - because I believe that it's important to learn as much as we can. Continue reading
QuickBooks 2011 – Batch Invoicing Increases Efficiency
Batch Invoicing was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014. I have two issues with the Batch Invoicing feature. You can only add new customers to a billing group at the Step 1 screen and you cannot determine what Billing Group a customer belongs to in the customer or job record. Continue reading
QuickBooks 2011 – New Balance Sheet by Class Report – Part 11
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions.
This is the last installment of our 11-part series on the Balance Sheet by Class Report, we'll discuss how you cannot use the Funds Transfer window to transfer funds between classes - instead you will have to make a journal entry to transfer funds between classes. Continue reading
QuickBooks 2011 – New Balance Sheet by Class Report – Part 10
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions.
Currently there is a "bug" that effects the Profit & Loss by Class report when it displays the final vendor payments, which then also adversely affects the Balance Sheet by Class Report. Continue reading
QuickBooks 2011 – New Balance Sheet by Class Report – Part 9
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions.
The QuickBooks Help file says that the Balance Sheet by Class Report doesn't support multiple currencies, and that you shouldn't attempt to run or use this report if you use multicurrency in QuickBooks. Continue reading
QuickBooks 2011 – New Balance Sheet by Class Report – Part 8
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions.
Paying and taking an early payment discount for a vendor bill that has multiple classes causes a difference in net income between the Balance Sheet by Class and the Profit & Loss by Class reports because only a single class can be assigned to the discount. Continue reading
QuickBooks 2011 – New Balance Sheet by Class Report – Part 6
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions.
There is some good news about Receiving Customer Prepayments, and that is -- this problem corrects itself; when you create and apply an invoice to the payment at a later date; because the invoice will have a class assigned to it. Continue reading
QuickBooks 2011 – New Balance Sheet by Class Report – Part 5
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions.
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. Continue reading
QuickBooks 2011 – New Balance Sheet by Class Report – Part 4
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions.
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. Continue reading
About Your Host:
Nancy Smyth, Sunburst Software Solutions, Inc.QuickBooks Construction & Payroll Expert
I've been using and supporting QuickBooks products since the early 1990's. I've worked with thousands of contractors, assisting them with QuickBooks setup, Certified Payroll Reporting requirements, AIA Billing and Weighted-Average Overtime.
QuickBooks is a powerful product, but learning how to use it in your construction business can be difficult. I hope you find resources available here to be helpful.
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