How To

The breakeven point (BEP) is the sales point at which total revenue is equal to total costs. At breakeven point, you neither earn a profit nor incur a loss. Knowing how to calculate the breakeven point is an advantage since it can help you determine the right level of sales needed to break even and,…

To create billable expenses in QuickBooks, you must first turn on the billable expense feature and set up additional preferences like the default markup rate. Then, create an expense, bill, or check as you normally would, mark the Billable checkbox, and select the customer or project associated with the expense. When you’re ready to bill…

As businesses evolve and transactions become more complex, the need for robust accounting software becomes increasingly evident. Choosing the right accounting software for your business is a pivotal decision that can significantly impact the efficiency, accuracy, and overall health of your company’s financial operations. In this article, we will provide the essential considerations and practical…

QuickBooks Online Plus has a built-in basic time tracking tool that allows you to capture billable hours worked by your employees. You can track time spent on one-off or ad hoc tasks using single-time activity timesheets or ongoing or repetitive tasks using weekly timesheets. In this article, we’ll show you how to use time tracking…

To set up recurring transactions in QuickBooks Online, you must first specify what type of recurring transaction you wish to create, such as recurring expenses and recurring invoices. You’ll then need to complete the recurring transaction form by providing the required details, including the transaction amount, customer or vendor, and recurrence settings. We’ll go over…