Adding New Company to Quickbooks

by Dayna
(NH)




We have two seperate companies. One has been around for a few years the other has just been around since March of this year. Where do we make the cutoff date in regards to payments made and received etc for the most recent company that we just added in Quickbooks? We have money that goes back to 2008 that was received from our older company but was not paid out until this March from our newer company. How do we pick a definite cut off date.

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Excel vs. QuickBooks

by Tyler
(USA)

Hello,

I am just starting a business and want to have everything lock and stock on my PC or software. I have excel but don't really know how to use it for bookkeeping.

I was wondering if in your opinion QuickBooks is better? I see you have it here on your site for sale for $60 something dollars cheaper than in the stores or online. Is it the same exact software with a licensed product key code?

Please get back, thanks!


Hello Tyler,

Thank you for your question.

I definitely recommend using QuickBooks for your bookkeeping as opposed to Excel. It has many built in tutorials, you can download transactions directly from the internet which saves data entry time, and it is very user friendly.

I am a QuickBooks affiliate and so am able to pass on my savings to my clients and website visitors. It is the same software with a licensed product key, please enjoy the discount!


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Missing Bank Statements - Quickbooks

by Robert
(San Francisco, CA)

I am helping a company with their bookkeeping and migrating their financial information (6 years) from receipts and invoices stuffed in paper bags and boxes to Quickbooks. My question is this...They are missing all bank statements from 2007. I have all statements prior to 2007 and after. I have ordered the statement from the bank but it will take about a week. Can I go ahead and enter the banking information I have from 2008, etc. and then go back and enter the 2007 info when it arrives? Just not sure how I would reconcile the bank account until I have the missing infomation.
Thank you for all of your great advise in the past. I hope you can help me on this issue!

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Quick Books Journal Entries

by James
(Nebraska)




Entry not showing up in my bank register in quick books?

If an entry you have made is missing from your bank register it is possible that you may have posted the transaction to the wrong account.

You can try and find the transaction in Quickbooks by going to Edit then Find and typing in the amount of the transaction. This will give you a list of all transactions matching this amount, which you can then double click on and edit into the correct account.

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Quickbooks Online and Small Auto Dealership (Inventory)

by Kelly
(Reno, NV)

Hello

I have Quickbooks Online and I have a small auto dealership.

I want to be able to enter each car that I purchase (and later resell) and also I want to enter all of the repairs, etc that I make to the vehicle before I resell it.

Since QB Online does not have an inventory function - how do I go about doing this?

Do I add each vehicile purchased as a fixed asset and then add the repairs, etc to the asset - so at any given time I can run a report and see just how much money I have put in to a particular car?

Then -when I sell the car - do I just put sell the asset off in QB online?

Thanks

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Quickbooks Premiere 2010 - Change Label From Fixed Assets to Plant , Property and Equipment

by Chris
(Vancouver, BC, Canada)




In Quickbooks, the account type is read as Fixed Assets.

How can I change the label to something else that is in line with our accounting practice such as "Plant , Property and Equipment" instead.

Fixed Assets is dated.

Thanks


You can change the label by going into the chart of accounts and right clicking on the Fixed Asset Account, then click on edit account. Type in the new account name then save and close.

Thank you for you question.

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