How to Record Journal Entries in QuickBooks Online
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- čas přidán 29. 03. 2023
- Easy step by step tutorial on how to record a Journal entry in QuickBooks Online. When should you use a Journal entry and when you should not use a Journal entry.
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Hey Ms. Claudia, can you do a video on how to find a bookkeeper for your business, what should you expect to pay and what services can you expect to receive for that pricing. Recently, I had a conversation with my son who I believe was misinformed about pricing for a bookkeeping service located in our area because he explained the rate quote was around $4000. 😳Thank you for the very informative videos.
Debra, pricing is completely case to case. It depends on how much work there is to do. I educate other bookkeepers on how to price their work but there is no way to just give a specific price for every state and every indivisible situation and account need. Are you looking to hire a bookkeeper?
Hey Ms. Claudia, thank you for addressing my question. No, I am not personally seeking a bookkeeper, however, I have suggested to my relative to consider hiring a bookkeeper because a QuickBooks user who enter transactions and reconcile annually may be untrained to look for certain things that a skilled bookkeeper may be able to capture especially when preparing for tax season. The QuickBooks is really simple: income and expenses. But, prior to tax preparation, a bookkeeper is consulted. Thank you.
What to do in reconciliation in QuickBooks Online if transactions are not in the bank statement but matched and shown in reconciliation, uncheck, or how to fix it?
Yes, the reconciliation must match what is in the statement.
how to record expenses in journal entry by crediting owner's investments in QBO
Just debit the expense and credit owner’s expense
@@ClaudiaXperts If I do that, equity will increase, since it was expensed and paid via owner's equity. Can you explain via journal entry, please? i assume it should be decreased since equity account credit. pls. explain simply showing by debit and credit in a journal, and making sure equity should not be increased..?, if I am wrong please correct me
@@sktnepal06 owner’s investment will increase. That’s positive in Balance sheet since it will show you paid with your personal money. You are adding equity to the compaany
@@ClaudiaXperts Thanks a lot
@@sktnepal06 you are welcome