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 first limitation that we will discuss is Journal entries with “unbalanced” classes. This limitation will affect CPA's and other accounting professionals; and will require that they change the manner in which they create journal entries in client files. Continue reading
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
Many times I’ve seen employees bring in receipts or expense reports and the payroll clerk has added those reimbursements into the normal employee paycheck. Don’t let yourself get caught in this situation Continue reading
Sam Subcontractor already uses QuickBooks, he has more complex job costing needs due to certified payroll reporting requirements, payments of prevailing wage fringe benefits and AIA billing. High overhead costs, specialized equipment, materials, labor charges are other things… Continue reading
Understanding the different types of contractors and the roles that they play in the construction industry will enable you to realize just how different their QuickBooks accounting and compliance needs will be. Continue reading