items
Entering Bills or Checks in QuickBooks – Items vs. Expenses
Your business spends money on a wide variety of things - employee payroll, payroll taxes, office supplies (such as paper and envelopes), utility bills, things that you purchase to resell to others, and goods or services from others are just a few examples. In essence every penny that your business spends is an expense to your business - but how you record the purchase in QuickBooks does make a difference. When entering bills, checks, or even credit card purchases in QuickBooks you have the choice to use an Items or Expenses tab - choosing the Items vs. Expenses tab will depend on what the money being spent was for. Continue reading
QuickBooks Cost Plus Billing: Automatic Markup of Items
QuickBooks can do Cost Plus OR Time and Materials billing, however, Markups can only be calculated on Expenses. Learn about ways that you can mark-up Items. Continue reading
Working With Taxable & Non-taxable Items and Customers
QuickBooks can handle both taxable and non-taxable customers and sales using the same item list. Find out how by watching this YouTube video. Continue reading
QuickBooks Tip – Creating a Pre-Set Estimate With Standard Items
Creating an estimate that includes the same items can be automated in QuickBooks by memorizing it. Continue reading
QuickBooks Tip – Merging Duplicate Items and/or Accounts
It is a common occurrence over time, especially if you have had numerous bookkeepers; to discover that you have duplicate items in your QuickBooks Item List or accounts in your Chart of Accounts. Continue reading
QuickBooks Tip – 5 Reasons To Use QuickBooks Group Items – Part 2
Before QuickBooks had a Unit of Measure option - I think it was introduced with QuickBooks 2007 - we had to rely on QuickBooks group items to perform Unit of Measure calculations. Continue reading