Bookkeeping is like working on a loom, weaving with yarn. Each strand of yarn is like the running balance in each account in the chart of accounts.
Tag: bookkeeping
Back-dating transactions in QuickBooks
It is possible to enter any date you want for any transaction in QuickBooks. Back-dating is an option, but care must be exercised.
Quickly entering transactions for cash basis reports in QuickBooks
Here I explain a very efficient way to get a lot of transactions inputted quickly into QuickBooks. I honestly believe it is faster than relying on downloads. It uses a single window, the General Journal, to enter every transaction for a statement for the month.
Bookkeeping vs data entry: they are different and why it matters
Good bookkeepers are not merely data entry clerks, because QuickBooks is not merely a database.
Relying on feeds and imports to input financial transactions: two limitations
There is a trend in bookkeeping and accounting for small businesses to rely on bank and credit card feeds to handle the bulk of transaction processing. While I applaud the advancement of technology, this trend has two significant limitations.