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Enter Vendor Credits in QuickBooks Pro- Instructions

Friday, August 10 2018 by Joseph Brownell

Enter Vendor Credits in QuickBooks Pro: Overview You can easily enter vendor credits in QuickBooks Pro to later use them against the next bill you receive. To enter vendor credits in QuickBooks Pro, select “Vendors| Enter Bills” from the Menu Bar. Doing this then opens the “Enter Bills” window. Select the option button

Published in Latest, Quickbooks

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Small Business Accounting- Accounting Basics and Methods

Wednesday, July 24 2013 by Keeley Byrnes

Understanding accounting is a very useful skill to have when it comes to managing a small business. The better a manager understands financial data, the easier it is for them to make a decision. In this post, we will discuss some basic accounting terms as well as accounting methods that are relevant to small businesses.

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Small Business Accounting- Debits and Credits

Thursday, June 20 2013 by Keeley Byrnes

In accounting, T-accounts are used to track economic activity within the business. A T-account is an individual record of an increase/decrease in an asset, liability, stockholder’s equity, revenue, or expense. Each T-account consists of three parts: the title of the account, a debit, and a credit. A debit is the left side of the account.

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Small Business Accounting- Unearned Revenue

Monday, June 17 2013 by Keeley Byrnes

In small business accounting, some concepts can be trickier than simply recording assets, liabilities, and transactions. Some companies receive advances in payments before actual services are performed. In accounting, this is called Unearned Revenue. Unearned revenue must be reported in order for companies to comply with GAAP* principles. When the company receives an advance, it

Published in Latest, Small Business Accounting

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