Thank you for the kind words and I think I can help you. The advanced edition of QuickBooks Online has everything this plus version has but also has additional inventory features like adding a piece of data to your inventory transactions to indicate location. You should do all these procedures the same but if you want to see which inventory items are in which location you can use the advanced feature or you could simply add that piece of data to the description field of each inventory transaction so that you can track your inventory by location. Enterprise Solutions is the desktop version and they absolutely have inventory tracking by location and you can even record transferring the items from one location to another within Enterprise Solutions so you might want to check out both of those options for the advanced inventory features that you need. Again, I appreciate the kind words and I hope you will always remember to click like after each video that you watch to help support the free channel for everyone and please subscribe. Mark

Wow thank you for the kind words You will not be able to pass the proadvisor test without taking the specific tutorials that are given before you take the proadvisor test and they come together in one purchase package I do not work for QuickBooks or sell QuickBooks But those tutorials that you pay for when you pay for the tests are exactly the material on the test and they're usually geared towards accountants servicing clients. This video was teaching people who never studied accounting or QuickBooks how to be a full charge bookkeeper in a big company with typical needs as well as mastering all the important and the most challenging ideas right here in one tutorial so therefore, the material must be different. However, the entire channel can service All Pro advisors in all accountants and use the channel page as a library to search for the specific QuickBooks topics you need and you'll be able to find them because I have a video for everything. I hope you will click like after each video that you watch to help support the free channel for everyone and please subscribe. Mark

@@worldwidequickbooks You're doing the job that Intuit should be doing by answering questions quickly and accurately. You are a treasure trove of information and super kind to be this helpful and generous in the comment section. I was a QBO ProAdvisor years back and dipping back into it and I have to say your videos take you immediately and clearly to pertinent info to tackle any job. I will be watching and 'liking' every video on here, thank you QBDude for catapulting and restarting my career with no fears...xoxo

There's nothing different except the fact that they removed business view so the first part of the video you can skip If you have the plus version or the advanced version or the accountants Edition then it looks almost identical so I suggest you upgrade to get the important features and then it will look similar enough and you can complete this tutorial and become an expert. Mark

Thank you so much and I'm very glad you liked it and that it's helping people If you like Serena then you should see her in the latest video for home finance just click in the description field under the table of contents and you'll learn QuickBooks Online in the most fun way I thank you for reaching out with kind words and I hope you will always remember to click like after each one you watch to help support the free channel for everyone and please subscribe

Thank you so much and I hope you will click like And subscribe

Thank you for asking. This is the playlist regarding bank reconciliation and I suggest you watch it improper order and you will be an expert in every possible thing that could come up during bank reconciliation kzbin.info/aero/PLqRhgBZfJuE6YguKb9DKbzTRlJZB9XUyq I don't know what you mean by reconciled file exported to excel but the playlist will show you that the resulting reports from bank reconciliation reports can easily be exported to excel. I hope you will remember to click like after watching each video to help support the free channel for everyone and please subscribe and stay in touch. Mark

Thank you for asking. To understand that properly you would need to watch the full playlist If you click in the top right corner of the video or look in the description field, you can get the link to the full Amazon playlist and it will show you the reason for the unavailable balance and what to do about it

Thanks for your early response. Wish you good luck in your future life.

There really is no difference between recording and expense and recording a credit card expense. The resulting numbers everywhere will be the same so if you choose one instead of the other you don't have to worry. Some people like to carefully choose credit card expense to make sure it indicates it was recorded in the credit card register but other people don't care and they just choose expense

@@worldwidequickbooks Thank you so much!!

Thank you for asking and yes, the explanation is in this playlist. Just click on the top right corner of this video and you'll get the link to the full play list. You will see that one of the videos talks about how you can get the inventory number from the inventory lab that you can pay separately for. If you listen carefully to the part that I'm explaining the ending inventory, you'll hear me clearly say that there's a separate app that Amazon offers everyone to track and manage all different aspects of your merchandise. That is what I was referring to when I was talking about the ending balance of inventory. It's called the inventory l a b and you can contact Amazon about it and see if they have an equivalent app that will give you all the information including the ending quantity and balance of each item

Thank you so much for the kind words and I'm very glad the video is helping you and that you enjoyed it. Please stay in touch and let me know how it helps you in advance with your course and I hope you will always remember to click like after each of our videos that you watch to help support the free channel for everyone and please subscribe. Mark

Yes absolutely! The very last chapter is an exercise that you can do after following a long step by step to prove to yourself and others that you learned everything in this tutorial and that you really are an expert in QuickBooks Online. Please confirm that you found the chapter and if you follow along for the entire course there are several exercises. Please let me know

Thank you for asking and thank you for being a loyal and devoted student and fan. I do however not exactly understand what you're asking for. Are you asking to purge your account and start with another tutorial?

@@worldwidequickbooks I’m asking what needs to be done to start a new.

I'm humbled that my videos have helped you; I hope you'll continue to enjoy them! I hope you will click like after each that you watch to help support the free channel for everyone and please subscribe and stay in touch

I appreciate that! Thank you so much for the kind words and I'm very glad the videos are helping you and that you enjoy them I hope you will click like after each video you watch to help support the free channel for everyone and please subscribe Mark

@@worldwidequickbooks Yes, I try to remember to click the like button while watching each video. I even go back to click if I forget. I definitely want to support your channel because it's such a huge help in understanding QBO & accounting. I've been referring your channel as well. I think it will benefit those who are trying to start their own bookkeeping business. Thanks for your very good work!

Thank you for the church already not for profit would operate the same way and use QuickBooks the same way. The only difference in accounting are the owner's equity related transactions and ownership related transactions. That's in advance topic and accounting regarding how to record things in the owner's equity section but the rest of the company would record things the same way even if they were not-for-profit. I hope you will cook like after each video you watch to help support the free channel for everyone and please subscribe. I hope by this summer I will have more accounting tutorials and specifically made not-for-profit accounting tutorials for churches and everything else so please check back with us. Mark

Thank you so much and I'm very glad it helped you and that you enjoyed it. If you love Serena then check out her latest appearance in this special 5-hour QuickBooks online course that teaches QuickBooks Online for home finance and it is a beautiful fun amazing video and I hope you'll at least watch the first part with Serena. kzbin.info/www/bejne/kJTMqGBvnNOkmtU I hope you click like after each video you watch to help support the free channel for everyone and please subscribe and stay in touch Mark

As far as I know the accountant's Edition is still free

Thank you I do want to help but it seems like your question is an accounting question regarding classifying the transaction rather than QuickBooks functionality. I can only tell you that if it's a credit card transaction you can use the credit card register or the credit card transaction charge or credit window depending on what the needs are but as far as classifying things that's for your CPA or tax professional. Mark

OMG thank you so much!! I hope all of Britain will benefit from this channel because they would appreciate a nice library of QuickBooks knowledge and that's what I think should exist and that's what I set out to do. It's an honor for you to tell me that and I hope you will always remember to click like after each video you watch to help support the free channel for everyone and please subscribe and spread the word. I'm here if you need any follow-up Mark

Thank you for asking and thank you for the kind words. Unfortunately there is no way to avoid having one asset account for each property that you purchased. 30 properties means 30 separate asset accounts and there's no way to put them together in one asset account because then you would not be able to do the proper depreciation and you would not be able to find the proper gain and loss unless you have to details subsidiary records of the asset account. You have to have a separate account for each mortgage liability because the balance of each will be different at any given moment. I suggest you click on the top right corner of this video to get the full landlord's playlist and watch it in proper order and these topics in the landlords online playlist are also together in the full course and it's free on KZbin if you would like the link please let me know. The full course has all the topics in the playlist but it's updated

That is exactly what this tutorial shows Some people have it in their minds and they use the word " real world "when in fact you record things exactly the way it shows here and I don't know why people have that difference in their mind but this would not be much of a tutorial if it did not reflect what happens in the real world and that's why it's so popular

Thank you but abbreviations tell me nothing as they are a million abbreviations in business and they change all the time so please tell me what you're asking for and I'll be happy to help you

Thank you so much 🙂 I hope you will click like And subscribe Mark

Thank you but I don't have the numbers memorized. Are you watching the full course or just this video Chapter

@@worldwidequickbooks I watched the full series of QBO for Landlord and arrived at this specific video for Property Management Company. At the beginning, you said that billable expenses should disappear from the trial balance once invoiced to the customer. However, they are still showed and income from billable expenses is recognized after invoices have been run. We may need to set up a service item to be invoiced and posted to the expense account to achieve this result.

Yes because you only void a fake invoice or an invoice that should not be you should not void a paid invoice because it's a real transaction It's best to delete it and re-enter it depending on the situation

I appreciate your kind words! You're always welcome back here and I hope you'll stick with it and see how much fun this can be! I'm very glad it helped you and I'm very glad you told us and please reach out if you need anything regarding accounting or QuickBooks and I hope you will click like after each video that you watch to help support the free channel for everyone and please subscribe and stay in touch Mark

Thank you for being such a loyal and devoted student and fan and I hope I can help you It seems you have an internet connection problem because everyone else views the video more smoothly I suggest that you let the video load into your computer before you run it and this way when you get to those parts of the video they will be clear on your screen The stronger the internet the smoother the connection and the less of this problem you will have Mark

Thank you but with the computer those closing entries are not necessary. If you run your trial balance in the future. You will see that it shows the report as if the closing entries were done because they're done by the computer before the reports are run Here is the equity playlist that will explain about the closing entry so take a look at the video titles for the topic you're asking about kzbin.info/aero/PLqRhgBZfJuE7ZB_1P97kFKntwstDBa6Tm I hope you will click like after each video you watch to help support the free channel for everyone and please subscribe Mark

Sure kzbin.info/aero/PLqRhgBZfJuE4_kGX9tTC5qANxUJBhBgww If you need bank reconciliation or downloading transactions what basic accounting just let me know

Thank you so much That was just a random crappy video and this is the one that I hope will entertain you at least for about 10 minutes kzbin.info/www/bejne/kJTMqGBvnNOkmtU It was really nice meeting you and I hope we can hang out at the club again Mark

Thank you but that's more of an accounting question rather than a QuickBooks question However, since a consignment store deals with inventory, I suggest you watch the full desktop inventory playlist and it will show you almost everything that the inventory section of Enterprise is able to do and then you can decide from there how to use it kzbin.info/aero/PLqRhgBZfJuE5jtXkGoGpFsKxzULYDQray I hope you will click like after each one you watch to help support the free channel for everyone and please subscribe Mark

Yes you do Exactly this video will give you everything you are asking for kzbin.info/www/bejne/aHm5eX6joL6Hpqc Follow everything it says step by step and I'm sure that it will help you. I deeply appreciate the kind words and the Devotion to the courses and the channel and I hope you will click like after each of the videos you watch to help support the free channel for everyone and please subscribe Mark

Thank you for asking This tutorial does explain that and there is a separate chapter that explains the difference between sales receipts and the deposit window. The difference is, the deposit window does not give you the ability to put in a product or a service or a quantity of the product or the service that you're getting paid for but the sales receipt does Some people who just deliver a simple service only use the deposit window cuz they don't need to track the quantity and they already know what item of service they provided. I have a video for any other topic in QuickBooks you could need and I only ask that you click like after each video that you watch to help support the free channel for everyone and please subscribe. Mark

Thank you so much I hope you will click like after each video you watch to help support the free channel for everyone and please subscribe. Mark

Thank you for commenting and I hope you will click like after each video that you watch to help support the free channel for everyone and please subscribe. Mark

Not that I know of It's my understanding that the desktop version can put a customer named in the name field when using the check window to pay someone. Give it a try and let us know. Mark

@@worldwidequickbooks I just started using QBO, not desktop version. I will try when I have a customer set up.

@@worldwidequickbooks I tried to write check to customer in QBO and wanted to confirm that it is possible. We can write checks to both customers and vendors in QBO.

Awesome, thank you! You should let it run to the end and try to share it with someone who will also view the entire thing and I do thank you for helping us so greatly and I look forward to a good business relationship with you for a long time in the future. Mark

Glad it was helpful! Thank you for the kind words I hope you will click like after each video that you watch to help support the free channel for everyone and please subscribe and stay in touch. Mark

Thank you so much

Oh I do wish I could help you However I think it's worth it to pay at least for a 1-month subscription so you can take the course and master QuickBooks Online. Mark

Glad it helped Here is a link to the full course and it's updated and I only ask that you click like after each video you watch to help support the free channel for everyone and please subscribe. kzbin.info/www/bejne/n3WZiWyFZ7Bqn80 Mark

Oh it's my pleasure and thank you for the acknowledgement I hope the video helped you and I'm here if you have any questions and I hope you will remember to click like after each video that you watch to help support the free channel for everyone and please subscribe Mark

Thank you for the kind words I do want to help you but I really don't understand what you're asking. Please clarify and I'll be happy to follow up and help. Mark

That's awesome! You're on the right track and I'm so glad you're enjoying the content. Just go slowly and you'll get there. You don't need Perfection you just need to understand and then you'll be able to apply it when you need it. I hope you will click like And subscribe

@@worldwidequickbooks day 2 done!! I'll be back again tomorrow

Thank you for asking You don't need to make an invoice and you don't need to use the inventory feature in your case Just use the register window and make a journal entry from the register when you receive your money net of the 10% fee In fact in your case you should use only the register window and I suggest that you do it the way the simple course shows. This video is more complicated than your situation needs hold on I'll send you the link. kzbin.info/www/bejne/n3WZiWyFZ7Bqn80 Record your transactions this way and if you want when you finish I will help you to record your monthly income minus the rental fee Mark

@@worldwidequickbooks Will this help with me having a vendor (marketplace rent) who is also a customer (marketplace sales)?

Thank you I do want to help with your question is unclear You're saying the trial balance has a different name for the same account. Then you said you chose a different account but didn't tell me the contacts so I'm not sure I understand the issue but I'm here for a follow-up and I'll do my best to help you and please be as clear as you can. Mark

@@worldwidequickbooks at the 32:00 Mark of the QuickBooks Online For A Rental Property Management Company video the trial balance shows Payable to Landlord Clients. I believe that I followed all of the steps however when I get to the trial balance at the step of the 32:00 mark, Payable to Landlord Clients is listed as Unearned Income instead of Payable to Landlord Clients. I followed the step at the 9:40 mark regarding entering the rent payment as a deposit. I also made sure that the COA listing for Payable to Landlord Client is categorized as A/R. Is it because I never created an invoice for the rent that the Trial Balance is showing as unearned income instead of Payable to Landlord Clients?

@@worldwidequickbooks I figured it out. My trial balance was cash basis instead of accrual basis. Cash basis used the unearned income as a default process. Once I resaved is as accrual I was able to match your process.

Thank you for asking I think the best choice is to Outsource payroll and you in that case, we'll still need some accounts in your chart of accounts to be able to record every pay period when the pay is outsourced You could use those accounts and I'll tell you I don't think QuickBooks desktop will let you remove those accounts because I've tried for many years and I can't get all the accounts and the chart of accounts to completely disappear but maybe in the later version you can