Create Chart of Account in QuickBooks

User Query: How do i create COA in QuickBooks? Every business or company for accounting purposes uses a chart of accounts. The chart of accounts is nothing but the list that holds businesses’ accounts and balances. It includes assets accounts for example equipment, furniture, machinery, etc, liabilities accounts including loans, creditors, etc, income, and other expenses accounts. With the help of a chart of accounts, you can organize the transactions...
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Set Up Check Printing in QuickBooks Desktop?

With almost all processes transitioning online, managing accounts for your business, such as making bill payments, is mostly online-based. From online banking to using debit/credit cards, there are no shortages of options when it comes to making payments online for all your business's accounting requirements. However, there is still a place for checks in the digitally-transformed business landscape. You might not know you need it, but when you do, how...
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Setup Recurring Transactions in QuickBooks Desktop

User Query: Hi, I want to save my time, so tell me easy way to creating recurring transactions in QuickBooks Desktop, I am using 2020. When it comes to paying a vendor, especially on a regular basis, only an authentic transaction system should be used. QuickBooks desktop meets this requirement with ease. With QuickBooks desktop, pay your vendors regularly by setting up an automated recurring payment, and thus save an...
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Setup a Bonus Payroll Item in QuickBooks Desktop

User Query: I am a new at QuickBooks and want to know how to pay a bonus on regular paychecks in QuickBooks Desktop? Bonus is a variable component of the employees’ annual package i.e. over and above the monthly salary or wages. The bonus is mostly performance-linked or given on the completion of a certain project and given as a token of appreciation to the employees by the employer. If...
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Set Up Salaried Employees in QuickBooks

Salary is the part of the payroll compensation package given to the employees by the employers. If you are running a business, you will have employees whom you would want to set up as a salaried employee in the payroll setup in your QuickBooks accounting software. The below write-up will help you. Steps for setting up a salaried employee in the QuickBooks For setting up salary as a payroll item...
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Set up Undeposited Funds in QuickBooks

An undeposited funds account in QuickBooks, is by default, is a place where all the payments of an organization are kept until they are transferred to a bank account. In layman terms, an undeposited funds account is more like a safe, where you store your money until they are fit to be kept in the bank. Why do you need to set up undeposited funds in QuickBooks? With the help...
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How to Use QuickBooks Rebuild Data Functionality?

User Query: I am new to QuickBooks & i want to know what does rebuild data mean in QuickBooks. I am using Mac Pro so how to rebuild data in QuickBooks Mac and how long it takes.?One more question i need to ask is that how often should i verify & rebuild data in quickbooks? Rebuild data functionality is one of the very important features in QuickBooks. This feature helps...
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Bigcommerce QuickBooks Desktop Integration – How to Do?

The expenses that go into building an e-commerce business today is far less than what it used to be four to five years ago. Much of this has to do with companies such as BigCommerce that make it easy and less costly for entrepreneurs to build a full-fledged e-commerce store. Opting for BigCommerce is the right step for you if you don't have coding knowledge or don't want to make...
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How to Set Up Sales Tax in QuickBooks Online?

Set up Sales Tax, record, and track sales tax for your products in your QuickBooks Online. QuickBooks allows users to accumulate and dispatch sales tax on behalf of the governing authority. And to do so, you need to determine sales tax items. Read More: How to set up sales tax in QuickBooks Desktop? To begin recording sales tax in QuickBooks, you need to switch on this feature and set up...
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Step by Step Process of Deleting a Payment from a Deposit in QuickBooks?

Step by Step Process of Deleting a Payment from a Deposit in QuickBooks?

Recording deposits is necessary and can be simplified via the use of QuickBooks. Users can easily link their bank account with QuickBooks and sync all the transactions directly. Though you need to configure categories for the transactions at the first sync, but beyond that point, QuickBooks stores your preferences and automatically records and organizes transactions and deposits from your bank account. QuickBooks also syncs the information of the interest that...
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