Cash Basis Versus Accrual Basis Financials in QuickBooks Online
Jan13

Cash Basis Versus Accrual Basis Financials in QuickBooks Online

Understanding your financial statements is key to managing the numbers in your business. In fact, it’s mandatory. One of the main things you need to understand is the difference between your cash basis financial statements and your accrual basis financial statements. You also need to understand what makes them different in your QuickBooks Online file. See while the two different bases have set differentiating factors, there are...

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Creating a Budget in QuickBooks Online
Nov14

Creating a Budget in QuickBooks Online

Creating a budget in QuickBooks Online is a simple 3-step process. To navigate to the budget area, go to the top right Gear Icon, then select Budgeting under Tools. First, you’ll decide if you want to create your budget from scratch or historical numbers. Second, you’ll have the option as to whether you want to subdivide your budget or keep it a company-wide level. And, finally, you’ll have the option as to how...

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QuickBooks Online Customized Reporting
Nov15

QuickBooks Online Customized Reporting

QuickBooks Online users employ a variety of custom reports, and during a recent #QBOchat we discussed different aspects of customized reporting. The conversation ranged from user favorites to apps that make customized reporting easier and even touched on the ways customized reports help users manipulate and interpret QBO data more effectively and efficiently. Reports most often used for business and/or clients Quickbooks Online has...

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