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QuickBooks Tips

A few hot QuickBooks tips from Gene Marks at The Marks Group is always welcomed by our Quick-Books ProAdvisor team. Tracking Referrals A client asked if there was an easy way to track referrals in QuickBooks and then pull a report which provides the referral source.

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Your business statement of cash flows is the key most crucial, the least-used, and the poorest understood of the primary financial statements (P&L and balance sheet being the other two).  Because many entrepreneurs use QuickBooks, we think its important to understand what  must happen to get the most accuracy from this key report. By setting […]

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The Chart of accounts (COA) is a list of the accounts used by an organization’s accounting process. The list can be numerical, alphabetic, or alpha-numeric. The structure and headings of accounts should assist in consistent posting of transactions. Each nominal ledger account is unique to allow its ledger to be located. The list is typically […]

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There are many things that will contribute to your success or failure with QuickBooks, but here are 5 that we see with a recurring regularity. Thanks goes to QuickBooks specialist Scott Gregory for these: 1. If you’re not a bookkeeper before you buy QuickBooks, you won’t be after either. Please – do NOT fall victim to […]

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Consistently applied procedures are the key to recording customer pre-payments (sometimes called customer retainers or customer deposits). We present two methods – 1. Receive Payment Method – Customer pre-payments can be recorded simply through the receive payment feature or by creating an invoice depending on the specific requirements of the business. The most efficient way […]

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We do need to deal with the occaisional bounced NSF check in QuickBooks. Sometimes the instructions found in QuickBooks Help aren’t really the best way to handle a tricky transaction. For example if you follow the manufacturer’s instructions for how to Handle a bounced check from a customer, it results in duplicate sales on the […]

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