SFL-Quickbooks

Generating Professional Reports with QuickBooks

Generating Professional Reports with QuickBooks You probably already run reports in QuickBooks - but are you making full use of the program's reporting tools? Let's take a look. Reporting changed a lot between QuickBooks 2009 and 2010 in terms of interface, navigation, and access to reports. We'll look at version 2010 since the core reporting mechanisms are similar, and wrap up with a brief summary of the new features in 2010. Extensive Customization Open theReportsmenu. You can go directly t... READ MORE Posted August 09, 2010 at 05:50 AM

Quickbooks Deposits and Payments

I have a lot of respect for the developers who have designed QuickBooks to make it easy for us not just to record customer payments but to deposit checks and reconcile our bank statements. Let's take a look at a common sequence of events when we receive a customer check.  We record the customer payment to an invoice and set the check aside until it is convenient to run to the bank, which might not be today. Sometimes, we get another customer payment in before we have made it to... READ MORE Posted February 13, 2010 at 09:51 PM

Using the Loan Manager in QuickBooks

The loan manager tracks loans set up in QuickBooks based on the information in the Long-term Liability and Other Current Liability accounts.  Using the loan manager, you can track both principal and interest, without having to refer to amortization tables to calculate the amounts and then enter those amounts manually using journal entries. 1.  From the banking menu choose Loan Manager. 2.  Click "Add a Loan" and use the payment window to set up each regular loan payme... READ MORE Posted February 13, 2010 at 09:43 PM