Very HELPFUL

What is the best way to use VENMO business to business? .10 on every dollar. So if my sale is 2000 they get 200.00 in fees PLUS 2%???

question.... 1.9 % on the total .10 on EVERY DOLLAR as well or just .10 I THINK it is .10 on every dollar. Anyone know?

Thanks, this was very helpful

Deciding between QuickBooks Self Employed and QuickBooks Online can be tough. This video provides a thorough comparison to help make the choice easier. Based on your business needs, selecting the right subscription is crucial. Additionally, integrating tools like InvoiceBerry can further streamline your invoicing and financial management.

How do you categorize the Outflow of money from a loan made to a third party in quickbooks?

Great video! Question for you, can you sync qbo to a brokerage account? For trading and or money market accounts? I have two business, one in AZ and one in WA that perform the same service. Each havr an extra 100k sitting around in a rainy day fund that I don't want to take out of the business but I don't want that cash just dieing from inflation either. I currently opened one business trading account with td amaratrade (which was bought out by Charles schwab) I have not yet tried to sync it with qbo because I was too nervous to try it... Suggestions?

IS IT STILL POSSIBLE TO ACCESS YOUR CLASS?

THANK YOU! I NEEDED TO WATCH THIS VIDEO.

I dont have the "accounting" option on my quickbooks

Do u have to have internet

Hi Stephanie. I have my truck listed as a fixed asset in QBOL. How do I record the payments the company makes for that? Thank you!!

Thank you Stephanie, great explanation.

I’m a guitar teacher and the customer puts down what it’s for.

This might sound ignorant on my part but I’ve been using my personal free venmo account for my guitar teaching business for a couple of years. It sounds like I need to transition but how will I be able to transfer the old transactions into my business once I do that? What can the penalties be if I didn’t have a Venmo for business?

Sooo helpful!! Thank you for this. You saved me so much time.

How do you properly place the 1099 nec in the recipient envelope!

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Before paypal was pioneered in safe shopping online but black dog stole it from paypal now it is junk.

Excellent explanation this was what i was looking for, could you help me how to record a guarantee payments to owners in QB, I'm very new in this software. thank you.

Wow

This is great! I just took over bookkeeping and I have a question about this. I make this loan payment from my Checking account, and the payment shows up on that account the following day. I also have the Loan account linked in Quickbooks, so the same expense shows up on it. 1. Which account will receive the split and 2. What do I do with the other account? I appreciate the feedback!

Thanks for this confirmation I had this setup properly. :)

Ill take cash over any other type of payment all day long!

thank you so much for taking your time to teach us

i have the loan added under long term liability, do i need to create an assets account for the loan for the vehicles.

Can someone help me. When i create the journal entry, do i include the insterest im paying for the vehicle (in the 5 yr loan) or just the cost of vehicle without insterest?

do not use venmo they froze my account freezing myoney even after supplying the documents they requested I still can't get to my money beware use anything but venmo it could happen to you

fyi, the worksheet link doesn't work anymore

4:14 - 4:29 The issue is you can’t eat what you don’t pay taxes on so it’s a mental game for “the little guy”

Why , are you a hater . Also cash app and Venmo is a lot better and safer than PayPal

get to the point a little faster. I just need the info

Thank you for your videos, They are usefull. My company sells software. And sometimes I offer my customers to pay a License they buy from me, in 24 months. How can I show that correctly in quickbooks? I want to reflect the entire sale when it happens.

i follow all your Videos they are very knowledgeable. However, I took out a loan from Ford 34000, i entered as ford-150 long term liability and Ford-150 as a Fixed asset category. In Journal I did Dr FA and Cr Loan acc, My Loan Liability register is reducing every month by 654but when i see my FA Ford-150 Acc Register in the Chart of Acc register it is increasing, Why? FA value cannot increase how to fix it please Suggest. in my Fixed asset register for ford its value is now $44000

in the same transaction for vehicle loan it keeps adding bank payment in fixed asset as well why?

Too much chitchat.

I will never use square or quick books. I’ve of heard too many problems with them.

Thanks !

Thank you for the simple and clear explanation! Just subscribed to your channel!!

Shopify or square to collect payment it good for my first event ?

You're awesome, thank you.

Excellent video. Thanks

How do I account for interest expense when recording my bank feed loan payment as a transfer to a long term liability account( car loan)? There is no split function on the "record as transfer" option on bank feed transactions.

For my loan the total monthly payment is recorded at the bank as a repayment. Monthly interest is then added to the balance as a separate transaction. Still trying to work out how to record this

Tough to follow without a list or two. Such as "avoid" and "better mousetraps."

I’m more than happy to discover this channel. I need to thank you for your time for this, particularly a fantastic watch!! I liked every little bit of it and I have subscribed you to look at new posts all the time.

What if my client had the car loan for a few years already, and im just now doing his books.. do i Record the Origanl cost or the amont he has to pay as of today

Nah I like being a rulebreaker ;) Also you can comment within every transaction in Venmo, which allows you to make a note of what the transaction is specifically for.

Our EIDL had $100 automatically taken out before it was dispersed to cover a lien fee. How do I account for that amount?

What if we got a loan to our personal name rather than the Business? Can we still record that as a business loan?