How To Create A Bill In QuickBooks Online
A bill is a document sent to a company by a vendor, listing goods purchased or services received, as well as the amount due for payment. There are several ways to create a bill in [...]
How To Create An Invoice In QuickBooks Online
An invoice is a document you send to a customer listing goods sold or services rendered, as well as the amount due for payment. There are several ways to create an invoice in QuickBooks Online. [...]
How To Reconcile Corporate Credit Cards In QuickBooks Online
Reconciling corporate credit cards in QBO is a little complicated due to how they are set up in the software. Starting with a proper chart of accounts and bank feeds setup is crucial. Most corporate [...]
How To Connect Bank Feeds In QuickBooks Online
Bank feeds are used to connect bank and credit card accounts to your accounting software and import bank account activity. Bank feeds significantly speed up the reconciliation process because your book transactions that have been [...]
How to import PayPal transactions in Xero (Part 2 – PayPal Fees).
1) Log into your PayPal account and download a statement in CSV format. 2) Open the CSV file and delete any rows that don't contain transactions with “Completed”, “Cleared”, “Refunded”, “Partially Refunded” or “Reversed” status [...]
How to import PayPal Transactions in Xero (Part 1 – Gross Sales)
1) Log into your PayPal account and download a statement in CSV format. 2) Open the CSV file and delete any rows that don't contain transactions with “Completed”, “Cleared”, “Refunded”, “Partially Refunded” or “Reversed” status [...]
How to Import a bank Statement into Xero.
If your bank feed is not supported by Xero, there is an option to bring in your bank feeds manually through a CSV import. You would need to log into your online banking, download your [...]
How to run Income Statement (Profit &Loss) in Xero
Income Statement is a financial report showing revenue, expenses, and net profit (or loss) of a business for a period of time. It is also called Profit & Loss Statement. To run a Profit & [...]
How to Create a New Account in the Chart of Accounts in QuickBooks Online
You can add a new account, edit an existing one, or make an account inactive from the Chart of Accounts in QuickBooks Online. 1) Click on the “Gear” icon>Chart of Accounts: 2) Click the “New” [...]
How to Create a New Account in the Chart of Accounts in Xero
1) Go to Accounting >Advanced> Chart of accounts: The chart of accounts in Xero is conveniently broken down into seven tabs: one tab for All Accounts, five tabs for each account type (Assets, Liabilities, Equity, [...]