Wave is a free cloud-based accounting software with integrated invoicing, payroll, payment processing, and receipt scanning features. It helps small businesses and freelancers perform accurate and intuitive accounting for free and process financial transactions (payroll and payment processing) at a blissfully low cost. What We Recommend Wave For After doing extensive research on Wave, I’ve…
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10 Best QuickBooks Alternatives in 2021 (Free & Paid)
The best QuickBooks alternative has all the necessary bookkeeping features small businesses need but is often easier to use and comes at a lower cost. Whether you’ve become frustrated with your current QuickBooks subscription or you’re looking for accounting software for your new business, there are plenty of software for you to consider, including some…
How to Run an Accounts Payable Aging Report in QuickBooks Online
In this tutorial, you’ll learn to run an Accounts Payable Aging Report in QuickBooks Online. A QuickBooks Accounts Payable Aging Report displays a list of your bills while separating them by the number of days they are overdue. This report is a useful tool for prioritizing the payment of your bills, especially when cash flow…
How to Set Up Company Information in QuickBooks Online
In this tutorial, you’ll learn how to set up, or change, your company information within QuickBooks Online. We’ll discuss the various physical and email addresses that QuickBooks allows and the unique purpose of each address. You’ll also enter your information to be printed on tax forms, such as Form 1099 and payroll tax returns. Congratulations…
How to Run an Accounts Receivable Aging Report in QuickBooks Online
This tutorial presents the steps to run an accounts receivable aging report in QuickBooks. A QuickBooks aging report separates the amount due from your customers, referred to as accounts receivable (A/R), into groups based on how many days they are overdue. The accounts receivable aging report is useful for both identifying problem receivables that might…
QuickBooks Online vs Desktop: Which Is Right for You?
A key difference between QuickBooks Online and QuickBooks Desktop is that you can access QuickBooks Online from any computer or mobile device connected to the internet, and it’s easy to share data with your accountant. QuickBooks Desktop must be installed on your computer, which offers faster navigation and data input but a limited ability to…
How to Record Credit Card Sales With a Third-party Credit Card Processor in QuickBooks
In this tutorial, we’ll show you how to record a customer credit card payment that was accepted through a credit card processor not integrated with QuickBooks. To record credit card sales in QuickBooks, you need to record the payment, processing fee, and deposit. Thank you for taking the time to learn QuickBooks Online, our best…
What Is QuickBooks & What Does It Do?
QuickBooks is the most popular small business accounting software businesses use to manage income and expenses and keep track of the financial health of their business. You can use it for invoicing customers, paying bills, generating reports, and preparing taxes. The QuickBooks product line includes several solutions that work great for anyone, from a freelancer…
How to Run a Statement of Cash Flows in QuickBooks Online
This tutorial provides the steps to run a cash flows report in QuickBooks Online, also referred to as a Statement of Cash Flows. The Statement of Cash Flows is a financial statement that shows the sources and uses of cash over a specified period of time. Congratulations on your decision to learn QuickBooks Online, our…
How to Run a Profit and Loss Report or Income Statement in QuickBooks Online
This tutorial provides the steps to run a QuickBooks Profit and Loss Report, often referred to as an Income Statement. The Profit and Loss Report is an essential financial statement that shows your business’s income and expenses for a specified period of time. We’re glad you’re learning QuickBooks Online, our best overall pick for small…
How to Create a Balance Sheet in QuickBooks Online
In this tutorial, you’ll learn the steps to create a Balance Sheet in QuickBooks Online. The balance sheet is an important financial statement that is a snapshot of what your business owns and owes, usually at the end of an accounting period. We’re excited you’ve decided to learn QuickBooks Online, our best overall pick for…
How to Process Credit Card Payments in QuickBooks Online
In this tutorial, we’ll show you how to process a credit card payment in QuickBooks Online using QuickBooks Payments (formerly known as Intuit Merchant Services). When you accept credit card payments in QuickBooks Online via QuickBooks Payments, the revenue, cash received, and processing fee will be reflected in the proper accounts automatically after the payments…