Sir you explain every topic so well and in depth, I wish I could be a permanent student of yours as Im getting hands on experience on QBO and wanted to excel in it , way too determined
@elenacelaya2449 Жыл бұрын
Mr. Garcia you explain every topic so well, Thank you
@HectorGarciaCPA6 ай бұрын
Thank you, doing my best!
@rishadahmad22074 жыл бұрын
Glad to have the first like on Hector Garcia video! Yours videos helped me alote during my job as accountant. Thanks and keep it up please .
@HectorGarciaCPA4 жыл бұрын
Rishad Ahmad thanks!
@victoriajaved1042 Жыл бұрын
Gracias siempre me a gustado sus presentaciones
@HectorGarciaCPA Жыл бұрын
A la orden
@guusderuijter5794 жыл бұрын
These video's are extremely useful. I like the thorough explanations and clear examples with QBO. Have a question though: I noticed that when you import the Chart of Account from Excel, some kind of levels are created. I assumed QB recognises this from the numbers but then I noticed that you sometimes have 60000 numbers under the 70000 layer. How does QB do the indentation (or making sub-accounts) during import from Excel?
@HectorGarciaCPA4 жыл бұрын
Guus de Ruijter based on how it’s imported.
@frankayala3950 Жыл бұрын
Wow..your knowledge is super awesome! Thank you!
@HectorGarciaCPA Жыл бұрын
:)
@huwanahaldaba9301 Жыл бұрын
How to find/get that list or excel of chart of accounts?
@shaunfilus4 жыл бұрын
Great explanation on Chart of Accounts. I have a retail business where all of my revenue comes from a POS system. Do you have a video that explains where to put these deposit transactions from Intuit? It seems as if everything I have found out there talks about customer payments from invoices.
@HectorGarciaCPA4 жыл бұрын
I don’t.
@laurareyes10622 жыл бұрын
I would like how to star a chart of accounts for trucking company
@dianacobb4732 Жыл бұрын
Thank you for the video. But how do you do you activate the account numbers in quickbooks enterprise accountant 22?
@coraconstruction44792 жыл бұрын
Hi Hector, I love your videos. Do you have a video that explains what are recommended accounts to set up for a small landscape construction company? Thank you
@HectorGarciaCPA2 жыл бұрын
I dont
@moshrefali74732 ай бұрын
Dear Garcia nice to see your video ❤
@HectorGarciaCPA2 ай бұрын
:)
@batmanhudson42353 жыл бұрын
Excellent information. Thank you
@QuickTrainer3 жыл бұрын
I like to call the COA I use a “pseudo standard”. Good video Hecto!
@michaelpeck55472 жыл бұрын
I am opening my Shopify store in May so I've been using time until then to watch all your vids. I purchased your chart of accounts but in the two samples, I did not quite understand why anyone would record the personal expenses as other expense or owner equity. I have recorded personal equity as an acct for startup costs and recorded my receipts against it in cash but shouldn't personal expenses be kept out of the business all together?
@sewingseeds.7 ай бұрын
I see in the chart there is a column title Tax Line. Will that be there as well when I buy it? Or is that added information for taxes is personal use outside of QB and only needed to be used by an tax person. I wanted to create my clients chart of accounts to make it easy for their account/ ea.
@HectorGarciaCPA7 ай бұрын
QB Desktop uses TaxLine… QB Online does not
@sewingseeds.7 ай бұрын
@@HectorGarciaCPA got it, thank you for all you do!
@r2d2ro3 жыл бұрын
Great video ! Thank you for sharing
@robertmusilli76582 жыл бұрын
Thank you SIR!
@HectorGarciaCPA2 жыл бұрын
You welcome
@KaushikBaul Жыл бұрын
excellent. Thank you s much
@HectorGarciaCPA6 ай бұрын
You're welcome!
@saintaugustin97323 жыл бұрын
Is it the same number for Canada accounting
@theconjuror1123 жыл бұрын
Another awesome video!!
@jenchulichaeblackpink21103 жыл бұрын
Thank you so much
@mohamedamr80814 жыл бұрын
Tax is operating expenses. Depreciation is either Operating or non operating depending on the asset itself. But it shouldn't matter much to small/medium businesses nor to their CPA/EA/Tax Preparer.
@hussainjoya97802 жыл бұрын
So useful 👌
@huangsharon46383 жыл бұрын
👍👍👍Thank You!
@HectorGarciaCPA3 жыл бұрын
You welcome
@frankayala3950 Жыл бұрын
Mr. Garcia, 8000 can be income? Oh wow thank you for educating.
@HectorGarciaCPA Жыл бұрын
Generally is OTHER INCOME
@danielgallant13724 жыл бұрын
Dors Furniture Fixtures and Electronics need to be broken out item by item?
@HectorGarciaCPA4 жыл бұрын
Your tax accountant would appreciate that very much.
@danielgallant13724 жыл бұрын
@@HectorGarciaCPA thanks for the reply! Ugh. We are brand new business and just opened a new site so our FFE list is approximately 800 -1000 items long totaling a lot of value with various levels of depreciation.
@HectorGarciaCPA4 жыл бұрын
Daniel Gallant that too many.. I would probably group them into 4-5 categories of product
@kristenturvey4683 жыл бұрын
It would be nice to be able to get this emailed to me with your description next to the name of like "Current Assets" and then have the description next to it. That would help a lot but either way, these are helping me for sure. I just might need to watch it a few more times lol
@shellythomas50643 жыл бұрын
Just a helpful suggestion here. If you are finding it difficult to commit the information found in any lesson or workshop- may I suggest taking proper notes? It would stand to reason that if you have challenges learning a subject; taking notes would greatly help with your knowledge retention. This lesson in particular with respect to your future ability tin managing your finances would very much necessitate note taking, or anything you could do to ensure you learn it .!! Besides, you can take notes and pause the video yourself?? Why should the instructor, who has already taken time from his day to teach people what he knows free of charge !! In a clean well understood manner (including notes to the left of the video) Gold for free !!!! Put it this way, it’s kinda rude to ask that, and doesn’t look good on yourself either. Besides how else you going to learn if you don’t apply yourself?? It’d be like someone coming up to you and saying “Hey you know that thing you paid thousands of dollars for, had spent innumerable hours, days and nights practicing, sacrificing countless hours to become a master of your craft?? Yeahhh , you mind just doing that for me, and make sure it looks like this and in that format, and be done by like tomorrow at 9 for me??” Yeah I don’t think so, get over yourself. Take notes yourself!
@lindaarmendariz64084 жыл бұрын
Thank you for all of your videos. How can I check in QB to see what type of business it was set up as?
@HectorGarciaCPA4 жыл бұрын
Linda Armendariz can’t be done
@supermannie094 жыл бұрын
Great video. for an online business how would you recognise shipping you charge customers (revenue?)? and also shipping you are charged (cos?)? or a net cos? - ask in reference to margin calculation - thanks
@angelhodgdon11273 жыл бұрын
I believe QBO keeps track of that for you when you turn on the option in Account Settings.
@QuickTrainer3 жыл бұрын
Shipping you charge customers would be an Income account. Shipping your vendors charge you would be COGS. Your shipping COGS / your shipping income would give your gross profit on shipping.
@leighdynamicsolutions8423 жыл бұрын
@hector does this account numbering also follow true for non profit entities ?
@HectorGarciaCPA3 жыл бұрын
No
@angelhodgdon11273 жыл бұрын
@@HectorGarciaCPA Do you have a video about Non-Profit COA?
@maruhurrizaromeroastoveza94694 жыл бұрын
How I wish I will have this kind of knowledge.
@chickensistah4u2933 жыл бұрын
Please HELP! I just ordered the Chart of Accounts - it sent me a QB Desktop. I have QB Online 2021. Please help!
@HectorGarciaCPA3 жыл бұрын
Email me.. the kit I sell comes with both formats but I can just send you the QBO formatted one if the file is too confusing
@chickensistah4u2933 жыл бұрын
@@HectorGarciaCPA yes I tried to email . Address returned. Please send file . I only placed 2 customers in it so far. I will like to import. I’ll erase all but a couple of accounts. Thanks I have QBO 2021
@angelhodgdon11273 жыл бұрын
I had the same problem. I tried for hrs. to reorganize the desktop COA so it would work with QBO, but I kept messing up and missing sub-accounts, so I finally just gave up.
@ms.brandon25912 жыл бұрын
@@HectorGarciaCPA hello I am new to QBO. I’d like to purchase your excell sheet. I don’t see the link?