Depreciation, Cash Flows & Taxes

For the financial information to be accurate, particularly for the investors who will rely on it to the extent of making investment decisions, companies include noncash items in their accounting reports. This is particularly true when using the accrual method of...

Issuing Credit Memos and Refunds in QuickBooks

You’re accustomed to money going in a certain direction, but sometimes you have to pay your customers. Here’s how it’s done.  QuickBooks is very good at helping you get paid by your customers. It comes equipped with customizable invoice templates for billing customers...

Why is the Balance Sheet important?

When we want to know how our business is doing, we quickly tend to look at our Profit and Loss report. By the way, it is perfectly fine to look at this report because it allows us to see how much sales you generated in the year, why certain expenses are so high, which...

How to Apply Finance Charges in QuickBooks

You may hate to have to do it, but assessing finance charges for late payments may improve your overall cash flow. There are a myriad of ways to bring in customer payments faster and improve your cash flow. You can: Get a merchant account and let customers pay you...