Bank feeds in QuickBooks Online are my favorite tool of QBO. Watch my webinar that teaches you how to manage the bank feeds and set up automatic rules to categorize your transactions from the checking account or credit cards. I use QuickBooks Online to run a better business. Use my referral link to get up to 50% off and a $50 Visa® Card to help with your business needs when you sign up! https://www.referquickbooks.com/s/Steve201
Let's say you need to to create and send out an invoice with 3 phases as such: Phase 1: $5000 Phase 2: $3000 Phase 3: $1000 The workflow would be to: Create Estimate (Proposal) Accepted Estimate and converted to an Invoice Custom amounts for product/service items on Invoice Reports: You can run the "Estimates & Progress Invoicing Summary by Customer" report to see how much the balance is left from the original estimate.
My first QBConnect was a smashing hit! Here is a quick video thanking the speakers I got to meet.
I'd like to share a story on how I became involved with A2X. It all started after I took a phone call from a prospective customer who wanted a new bookkeeper. This customer was already using Quickbooks Online and had a growing Amazon FBA seller's account. Immediately I became intrigued to see if I could find a way to guide them to success navigating around the Amazon settlement reports using QBO. Since that phone call, I have been on a journey of learning Amazon FBA bookkeeping skills! At first, I thought to solutioin would be to export the transactions from Amazon to Excel then run a PivotTable in Excel and then manually enter the sales [...]
You are invited to my Quickbooks Online webinar on Nov 29th from 11:30-12pm CDT. I'll be teaching on the how to setup and use the bank feed rules. Register here to receive an invitation to the Zoom meeting link.
A common mistake in the bank feeds is to click the add button for income instead of matching a customer payment. This mistake could lead to overstating income on your P&L report. If you are using invoices or sales receipts you will want to match the receive payments by your customers. If you find that you are adding income in bank feeds by clicking the add button then there will be an open invoice associated with the customer. Creating an invoice means you need to have a receive the payment associated with it. Alternatively, you can use sales receipts to recognize customer payments on the spot. Below is a screen shot of the bank feeds [...]