Posts by Scott Meister, CPA
Examples of Assets
Assets appear on a company’s Balance Sheet and are what the company owns. Assets can be Cash, Accounts Receivable, Equipment, Inventory, Land, Buildings, or even Intangible items.
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Vendor Center QuickBooks® Online Keyboard Shortcut
The Vendor Center in QuickBooks® Online has all sorts of valuable information about your vendors. Use the keyboard shortcut Ctrl + Alt + V (Ctrl + Option + V for Mac users) to quickly see this screen. The next time you need to access the Vendor Center in QuickBooks® Online, try using the keyboard shortcut…
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Last Item in Dropdown List QuickBooks® Desktop Keyboard Shortcut
Navigating to the last item in QuickBooks® Desktop dropdown list can be achieved by scrolling all the way to the bottom. Or you can use the keyboard shortcut Ctrl + Page Down. This shortcut works while you’re in the dropdown list and can save time when used. Try using the keyboard shortcut Ctrl + Page…
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What is an Expense?
Expenses are what a company has incurred or used up. Expenses are shown on a Profit and Loss Report also known as an Income Statement.
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Customer Center QuickBooks® Online Keyboard Shortcut
The Customer Center in QuickBooks® Online is loaded with all sorts of valuable information about your customers. To quickly see this info, use the keyboard shortcut Ctrl + Alt + C (Ctrl + Option + C for Mac users). The next time you need to access the Customer Center in QuickBooks® Online, try using the…
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First Item in Dropdown List QuickBooks® Desktop Keyboard Shortcut
While in QuickBooks® Desktop, if you have a large chart of accounts and need to access the first item in the chart of accounts in a transaction’s dropdown list, you can scroll all the way to the top of the list to access it. Or you can use the keyboard shortcut Ctrl + Page Up.…
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What is Revenue?
Revenue is what a company has earned. Sometimes this is referred to as Sales or Income. Revenue is shown on a Profit and Loss Report also known as an Income Statement.
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Receive Payment QuickBooks® Online Keyboard Shortcut
When customers pay you in QuickBooks® Online, you’ll need to Receive their payment. To access this screen, simply use the keyboard shortcut Ctrl + Alt + R (Ctrl + Option + R for Mac users). Try using the keyboard shortcut Ctrl + Alt + R (Ctrl + Option + R for Mac users) the next…
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What is Owners’ Equity?
Owners’ Equity appears on a company’s Balance Sheet and is the amount owners have put into the company less what they’ve taken out, plus net income for the life of the company. Per the basic accounting formula, Owners’ Equity must equal Assets minus Liabilities.
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Create an Expense QuickBooks® Online Keyboard Shortcut
Chances are if you’re using QuickBooks® Online, at some point you’ll need to create an expense. You can easily access this screen by using the keyboard shortcut Ctrl + Alt + X (Ctrl + Option + X for Mac users). The next time you need to create an expense in QuickBooks® Online, try using the…
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