Quickbooks
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Correcting errors in the Undeposited Funds account (Q)
Errors made when receiving payments from customers often involve the Undeposited Funds account. You have the option to use the Undeposited Funds account as the default account (see Receive Payments under Edit/Preferences/Payments/Company Preferences). Unchecking this function allows you to choose which account you want deposits to go into when you receive payments. Checking this function automatically sends received payments into the Undeposited Funds account. One common error is overlooking the Undeposited Funds account and then making a duplicate deposit in the Make Deposits window. If there is a substantial balance in the Undeposited Funds account, this mistake may ...
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Use keyboard shortcuts without memorizing
If you prefer using the keyboard to perform actions rather than the mouse or touchpad, you will like the Key Tips features in Microsoft 2007 products such as Word and Excel. Unlike other keyboard shortcuts which must be memorized to use (such as Ctrl + C to copy and Ctrl + V to paste), Key Tips do not require memorization. Simply press and hold the Alt key on your keyboard to display the numerous shorcut options on the ribbon. Next, press the appropriate key for the desired menu, quick access option or tab while still pressing the Alt key.
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Be rid of pesky reminders in QuickBooks (Q)
You know those pop ups that occur when you open a QuickBooks company file, that sort of look like a reminder, but are really an advertisement ‘reminding’ you to buy checks or to make a monthly back up, or an invitation to learn more about Merchant Services? These are not part of the reminders feature, and clicking the “Mark as Done” button doesn’t make them go away. Wouldn’t you love to make those go away… and stay away? Here’s how: First: Find the file in the Intuit Messages folder called General.qmd and rename it "generalqmd.old". ...
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Tracking sales by state without using Classes (Q)
If you are looking for a way to track Sales by State (or for that matter, by any other custom filter currently unavailable in QuickBooks), but don’t want to tie-up your ability to track using classes, here’s a quick and easy solution: use the “Customer Type” field. Customer Type is found on the “Additional Info” tab of the Customer Information box. And best of all, you can easily edit the Customer Type for all customers using the Add/Edit Multiple List Entries as described in one of our earlier tips. Next, simply run your Sales By Customer Detail Report, and modify the ...
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HIRE Act Overview (O/T/Q)
The Hiring Incentives to Restore Employement (HIRE) Act was enacted on March 18, 2010. What does mean to you? Employers who hire unemployed workers after 2/3/10 and before 1/1/11 may qualify for a 6.2 percent payroll tax incentive, in effect exempting them from their share of Social Security taxes on wages paid to these workers after 3/18/10. This reduced tax withholding will have no effect on the employee's future Social Security benefits , and employers would still need to withhold the employee's 6.2 percent share of the Social Security taxes, as well as income taxes. Both the ...
