Why hire a bookkeeper? Quickbooks is easy to use, right?

Yes, Quickbooks is meant to simplify accounting functions to enable anyone to use it. However it is amazing just how big of a mess you can end up with if you don’t understand basic accounting principals.

This is a true account and not a hypothetical situation of what can happen when your day to day transactions are not recorded correctly.

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Tags: Basic Accounting Principals, Bookkeeper, Books Of Business, Business Merger, Businessman, Costly Mistake, Expense Account, File Merger, Financial Statements, Hypothetical Situation, Months Of The Year, Own Books, Previous Year, Profitable Business, Quickbooks Accounting, Quickbooks Files, Receivables, Recollection, Tax Returns, True Account

QuickBooks & FreshBooks – Part 3 – Sales Tax

Part 3: Handling Sales Tax

QuickBooks is an accounting application and FreshBooks is an invoicing application. They are two different things, but in the end to have your data matching in both, there could be a ton of double entry resulting in valuable time consumed and strenuous effort.

You can have your data accurate in both, while not matching in both. Matching and accuracy are two different things. For all of the numbers to match up, it is a matter of accuracy. To have all of the details such as sales items etc. it would be a matter of matching.

In this blog post, I will begin to show you ways to get accurate data from FreshBooks into QuickBooks.

This blog post is Part 3, if you have not read the previous posts, I suggest that you do:

Part 1: Methods 1 & 2 to getting FreshBooks Income into QuickBooks

Part 2: Method 3 to getting FreshBooks Income into QuickBooks

Also useful, is my post: Handling Credit Card and PayPal Processing Fees in QuickBooks, which has a short segment relating to FreshBooks as well.

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Tags: Accrual, Accuracy, Accurate Data, Amp, Bas, Blog, Credit Card, Freshbooks, Good Stuff, Income Accounts, Invoicing, Matter Of Fact, Paypal, Quickbooks Accounting, Receivables, Sales Tax, Segment, Strenuous Effort, Tax Accounting, Two Different Things

Making FreshBooks work with QuickBooks and vice versa – Part 2

Part 1: Dealing with Income – Continued (Part 2)

QuickBooks is an accounting application and FreshBooks is an invoicing application. They are two different things, but in the end to have your data matching in both, there could be a ton of double entry resulting in valuable time consumed and strenuous effort.

You can have your data accurate in both, while not matching in both. Matching and accuracy are two different things. For all of the numbers to match up, it is a matter of accuracy. To have all of the details such as sales items etc. it would be a matter of matching.

In this blog post, I will begin to show you ways to get accurate data from FreshBooks into QuickBooks.

Read More »

Tags: Accounts Receivable, Accuracy, Accurate Data, Amp, Blog, Cash Basis, Cash Revenue, Freshbooks, Getting Money, Ideal, Invoicing, Quickbooks Accounting, Strenuous Effort, Two Different Things, Vice Versa

Making FreshBooks work with QuickBooks and vice versa

Part 1: Dealing with Income

QuickBooks is an accounting application and FreshBooks is an invoicing application. They are two different things, but in the end to have your data matching in both, there could be a ton of double entry resulting in valuable time consumed and strenuous effort.

You can have your data accurate in both, while not matching in both. Matching and accuracy are two different things. For all of the numbers to match up, it is a matter of accuracy. To have all of the details such as sales items etc. it would be a matter of matching.

In this blog post, I will begin to show you ways to get accurate data from FreshBooks into QuickBooks.

Read More »

Tags: Accounts Receivable, Accuracy, Accurate Data, Customer Center, Entities, Freshbooks, Invoices, Invoicing, Journal Entries, Main Menu Bar, Quickbooks Accounting, Receivable Balance, Receivables, Short Cuts, Strenuous Effort, Two Different Things, Vice Versa