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How to Categorize Credit Card Payments in QuickBooks?

How to Categorize Credit Card Payments in QuickBooks

In this article, learn how to categorize credit card payments in QuickBooks. A well-written transaction report is something you will not have to dig much to know what is what. Just go through it once, and you will get an idea of various expense categories. Are you thinking, is it possible? Yes, it is by…

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How To Batch Enter Transactions in QuickBooks?

How To Batch Enter Transactions in QuickBooks

If you are a QuickBooks user and wish to learn how to batch enter transactions in QuickBooks, this article is for you. Here, I will teach you the steps to enter transactions by batch on QuickBooks desktop, how to delete and edit them by batch, and all the FAQs revolving around this topic. With the batch entering…

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How to Apply Credit Memo in QuickBooks?

How to Apply Credit Memo in QuickBooks

In this article, you will be given a detailed step-by-step guide on how to apply credit Memos in QuickBooks, what is the difference between credit memos and refunds, and more essential details. QuickBooks has helped millions of users across the globe by providing its cloud-based accounting software. QuickBooks enables small business owners to make their…

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How to Account for PPP Loan Forgiveness in QuickBooks?

How to Account for PPP Loan Forgiveness in QuickBooks

This article will discuss how to account for PPP loan forgiveness in QuickBooks and related queries. With PPP (Paycheck Protection Program), one can take advantage of low-interest private loans to cover payroll and other costs. This program offers loans that are about 2.5 times your average monthly payroll expenses, so it’s an excellent option for…

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How to Apply Vendor Credit in QuickBooks Online?

How to Apply Vendor Credit in QuickBooks Online

This article will walk you through steps to apply vendor credit in QuickBooks online. Vendor credit occurs when a vendor fails to pay money for the services/ goods you provided to him. In easy words, vendor credits equals to the amount that particular vendor has to pay you in near future. QuickBooks accounting software helps…

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What does Reconciling an Account Involve?

What does Reconciling an Account Involve

In this post, we are going to discuss what does reconciling an account involve. Reconciliation is an accounting process in which two sets of records are compared to ensure that the results are correct and consistent. Reconciliation also guarantees that the general ledger accounts are correct, consistent, and complete. Nevertheless, in contrast to business, reconciliation can…

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How to Write Off Bad Debt in Quickbooks?

How to Write Off Bad Debt in Quickbooks

This tutorial will show you how to write off bad debt in QuickBooks. Bad debt occurs when a customer owes you money, and you cannot collect it. They owe you money, but you are sure that you’re not getting paid. If your company employs the accrual method of accounting, you may be able to deduct bad…

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QuickBooks to Zoho Books Migration and Integration

Quickbooks to Zoho Books Migration

Since the announcement of Intuit QuickBooks India ceasing its operations from January 31st, 2023, many companies are migrating from QuickBooks to Zoho Books, and if you’re one of them, this article will provide you with much-needed insight into the process. As data management is the most essential thing right now, thriving and succeeding in the…

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Which Asset Cannot be Depreciated?

Which Asset Cannot be Depreciated

In this article, we will discuss which asset cannot be depreciated. Depreciable and non-depreciable assets are two distinct types that must be understood to accurately evaluate a company’s earnings and assets. What is Depreciation Exactly? Depreciation is a non-cash business expense that is computed and allocated throughout the asset’s useful life. Depreciation allows any business to…

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