Posts by Scott Meister, CPA
Attaching Files to Checks in QuickBooks Desktop
QuickBooks allows you to attach files to checks. This is a really cool feature that allows you to treat QuickBooks like a filing cabinet and the best part is it allows you to link thereceipt/invoice to the check that paid it….no more guessing if this was the check that paid the invoice or if it was…
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First Day of Week Date QuickBooks® Online Keyboard Shortcut
While the cursor is in the date field on a transaction or report, you can quickly access the first day of the week by simply clicking the W key on your keyboard. The next time you need to access the first day of the week in QuickBooks® Online, try using the keyboard shortcut W.
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Normal Balance: Asset
The normal balance of an Asset Account is a Debit. So, if you had $1,000 in a bank account, it means you have a $1,000 Debit in the bank account.
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Last Day of Month Date QuickBooks® Online Keyboard Shortcut
While the cursor is in the date field on a transaction or report, you can quickly access the last day of the month by simply clicking the H key on your keyboard. The next time you need to access the last day of the month in QuickBooks® Online, try using the keyboard shortcut H.
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Help Menu QuickBooks® Desktop Keyboard Shortcut
Sometimes you might have questions about something in QuickBooks® Desktop. If this happens try using the keyboard shortcut F1 to access the Help Menu. There are all sorts of resources available in the Help Menu for you to explore.
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Debits = Credits
Debits must always equal Credits. On every transaction the total of the Debits must equal the total of the Credits. In some transactions you may have more than one Debit and only one Credit. Or you may have one Debit and more than one Credit. Regardless the total value of Debits must equal the total…
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Organize your Icon Bar in QuickBooks Desktop
In many instances organization is the key to success…especially when it comes to accounting. With better organization usually comes greater efficiency. QuickBooks is a great software and it allows for great customization which can allow for better organization. One of the features I particularly like is the ability to organize the Icon Bar. The Before…
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First Day of Month Date QuickBooks® Online Keyboard Shortcut
While the cursor is in the date field on a transaction or report, you can quickly access the first day of the month by simply clicking the M key on your keyboard. The next time you need to access the first day of the month in QuickBooks® Online, try using the keyboard shortcut M.
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Production Information QuickBooks® Desktop Keyboard Shortcut
If you’ve ever needed to know the product number or license number for QuickBooks® Desktop, use the keyboard shortcut F2. This comes in handy as sometimes your software information is buried in an email or filed away somewhere. So, the next time you need to access this info use the keyboard shortcut F2.
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What’s a Journal Entry?
The Journal Entry is used to record a transaction. It must include at least one Debit and least one Credit. The Debits and the Credits in the Journal Entry must equal. Journal Entries are used all throughout accounting.
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