Welcome to the Fit Small Business QuickBooks Online training course. In this lesson, we’re going to cover how to manage downloaded credit card transactions in QuickBooks Online. You can follow along on your own QuickBooks Online account. If you don’t have one already, sign up for a free 30-day trial and follow along below. To…
All Accounting Articles - Page 3
What Bookkeeping & Accounting Services Should Your Firm Offer?
Deciding which accounting and bookkeeping services to offer depends on your knowledge, experience, and ability to take on additional work. Accounting services are typically offered by CPAs, while payroll, tax preparation, and bookkeeping services may not require this level of certification. It’s also important to make sure you have sufficient resources to handle the workload….
Free Invoice Template for Excel, PDF & Word
An invoice is a customer’s bill for a sale after goods or services have been delivered but before payment has been made. Accounting software is the best way to create and send an invoice but typically costs a monthly fee. To help, we have a free, downloadable free invoice template in Excel, PDF, and Word….
How to Record a Bounced Check in QuickBooks Online
Welcome to the Fit Small Business QuickBooks Online training course. In this lesson, we’re going to cover how to record a bounced check in QuickBooks Online. You can follow along on your own QuickBooks Online account. If you don’t have one already, sign up for a free 30-day trial and follow along below. To complete…
How to Write an Invoice in 7 Steps
The steps of how to write an invoice start with personalization, like adding your logo, brand, and contact details. Next, you want to provide important information, like due dates and descriptions of the products and services provided. While some business owners use spreadsheets or word processors, accounting software can make writing professional invoices easier. Using…
Top 7 Free Invoice Generators 2019
If you’re getting your business off the ground and you’re generating less than five invoices monthly, you can either create invoices manually or use a free invoice generator. Out of these two options, we recommend you try an invoice generator. In addition to creating professional looking invoices, your customers can pay their invoices online. For…
What Are the Best Invoice Payment Terms for Your Small Business?
Choosing the wrong invoice terms can disrupt your cash flow and alienate customers. However, for an entrepreneur just starting out, it can be difficult to know what terms to set to get paid faster and establish positive relationships with your customers. Your industry and client history are key components in choosing the right invoice terms….
How to Enter Bank Transactions in QuickBooks Online Manually
Welcome to the Fit Small Business QuickBooks Online training course. In this lesson, we’re going to cover how to enter bank transactions in QuickBooks Online manually. This tutorial is for small business owners whose financial institutions don’t integrate with QuickBooks Online. You can follow along on your own QuickBooks Online account. If you don’t have…
Understanding Early Payment Discounts on Invoices
An early payment discount (also called a prompt payment or cash discount) is a reduction in an invoice balance when it’s paid before the due date. A common discount is 2/10 – net 30, which means buyers can earn a 2% discount by paying in 10 days. A $500 invoice would be discounted to $490….
How to Pay Bills in QuickBooks Online
In this tutorial, we’re going to cover how to pay bills in QuickBooks. We’ll cover the two QuickBooks Online bill paying options. The first option is paying bills with checks printed directly from QBO. The second option is paying bills online using Bill.com, which is integrated with QuickBooks Online. Let’s begin. You can watch the…
How to Record Bank Deposits in QuickBooks Online
Welcome to the Fit Small Business QuickBooks Online training course. In this lesson, we’re going to cover recording deposits in QuickBooks Online. We will show you step-by-step how to record a deposit in QuickBooks Online and the impact recording deposits has on the financial statements. To follow along with me, log in to your QuickBooks…
Small Business Bookkeeping, Accounting & Tax Guide
Small business bookkeeping consists of recording your business’ daily transactions. This includes sales, expenses, inventory purchases, and liabilities that you incur. If you’re first starting out with small business accounting, you will most likely do the books yourself and hand them over each year to a tax professional who will prepare your tax return. How…
