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…

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…

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…

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…

All Indian Intuit QuickBooks users are migrating to Zoho Books and here is why you should too. After the sudden announcement of QuickBooks’ discontinuing operations in India, many QuickBooks users are left with panic, frustration, and helplessness. However, there is a silver lining in this situation too. Zoho Books have lent a hand to Indian…

This definitive guide will be focused on how to use Qbox with Quickbooks. What Exactly is Qbox? Qbox is a cloud-based collaboration tool for Windows PCs that allows users to upload data over the Internet. Qbox establishes ‘Sync folders’ on the profile owner’s and shared users’ Windows PCs during installation. Files copied into sync folders…

In this tutorial, you’ll learn how to reconcile in QuickBooks online. The accounting procedure of reconciliation guarantees that two different financial records are accurately matched. It’s critical to reconcile your business bank accounts on a monthly basis and double-check that everything is in order. Why is Reconciliation Important? When you enter and compare data in QuickBooks…