Enter Vendor Credits in QuickBooks Desktop Pro- Instructions
Thursday, March 02 2023
Overview of How to Enter Vendor Credits in QuickBooks Desktop Pro: You can easily enter vendor credits in QuickBooks Desktop Pro to later use them against the next bill you receive. To enter vendor credits in QuickBooks Desktop Pro, select “Vendors| Enter Bills” from the Menu Bar. Doing this then opens the “Enter
- Published in Latest, Quickbooks
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Small Business Accounting- Accounting Basics and Methods
Wednesday, July 24 2013
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.
- Published in Small Business Accounting
Small Business Accounting- Debits and Credits
Thursday, June 20 2013
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.
- Published in Latest, Small Business Accounting
Small Business Accounting- Unearned Revenue
Monday, June 17 2013
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