I am very thankful , I've been using quickbooks a long time and in the first video I watched of yours, I learned I am doing something wrong. I will correct that and look forward to learning more from you. Thanks gain
@QbuniversityOrg5 жыл бұрын
Kathy you’re welcome!
@QbuniversityOrg5 жыл бұрын
I'm passionate about making sure you do these things right so you can grow your business!
@jaywellington65045 жыл бұрын
I can't find Customer Payment in QB since the 2019 format came out. Any updates?
@williamaiken9262 Жыл бұрын
We are a non profit that receives donations. Is there a way to notate those donations? There aren't sales and they're the majority on our income.
@QbuniversityOrg Жыл бұрын
Create a Revenue account called Donations and put them there
@melissavilla75473 жыл бұрын
thank you
@QbuniversityOrg3 жыл бұрын
Welcome!
@upliftswimwear57945 жыл бұрын
Really helpful thankyou for sharing what not to do!!
@QbuniversityOrg5 жыл бұрын
Uplift Swimwear you’re welcome!
@funkdoctor96635 жыл бұрын
VERY useful. Thank you
@QbuniversityOrg5 жыл бұрын
Funk Doctor you’re welcome!
@doreenhelena37142 жыл бұрын
Thank you for the tutorial. My question is ...I downloaded q books online. I am a retail shop I sell to individuals, not companies, and I work with a Yoco machine. Now I cannot enter each and every sale, as it is like I said individuals buying and using my Yoco machine. So when I enter sales from my bank statement it shows one amount for that day. What do u suggest I do, just mark it as a sale *(I have a separate spreadsheet for the items that I purchase) but no stock entries on Q Books
@QbuniversityOrg2 жыл бұрын
I have a video on my channel about entering daily sales for retail. Look for this. You will have to enter those daily sales whether they sync from a POS or by hand
@mjjapan7348 Жыл бұрын
Hi, I have a problem with Receive Inventory, when I save it it was show up on error words (you cannot use more than one A/R or A/P account in the same transaction). I don’t know how to resolve it. Can you help me. Thank you
@QbuniversityOrg Жыл бұрын
It sounds like you are using AR or AP twice which QB does not let you do. What steps are you following to receive inventory?
@Desertphile5 жыл бұрын
Thank you. This is quite helpful. Do you know you are saying "Okay?" often?
@QbuniversityOrg5 жыл бұрын
Desertphile “okay” thanks for pointing that out! 😁
@AreliHernandez12344 жыл бұрын
The Quickbooks University how do I deposit the funds in my account when I store a payment I always put undeposit funds but I want to transfer them to my checking account how do I do that?
@KeefeL4 жыл бұрын
It makes it seem like he's talking to children. Weird quirk!
@emilyyang70872 жыл бұрын
Great summary of common mistakes! For mistake #4, people do not reconcile. I am curious if I import credit card statement directly from bank (a .QBO file), should I still do reconcile? Because theoretically it should match the bank statement naturally. What's the point to do reconcile? Thank you for answering the question.
@QbuniversityOrg2 жыл бұрын
Yes in theory it should but doesn’t always. If you have small errors over time not caught in a recon it can add up to large errors
@ciarahammond94455 жыл бұрын
2nd mistake??? Entering bills is to assume you had posted them already before you pay them, correct? Why would you have to wait? If you enter all invoices say received in a week in a day and then go to pay the bills how does the reporting information come back with errors? if recorded and paid in the same day? Thanks!
@QbuniversityOrg5 жыл бұрын
Cece hammond doing that wouldn’t create errors. I don’t think that’s what I inferred in this video?
@anjanettemercer41473 жыл бұрын
Thank you. wonderful video. So I don't have sales, we are a service industry (contractors) but I have issues with some accounts being negative and I am not sure how to fix that. also, is there a better way to do ATM payments other than just a general ledger line on the checking account? Do you have a video on Loan payments and interest how to set up (say a truck payment)? Please advise
@QbuniversityOrg3 жыл бұрын
Search my YT channel here as I have a number of videos that address each of this questions. Thanks!
@carriecooper9615 жыл бұрын
very helpful! Thanks!!
@QbuniversityOrg5 жыл бұрын
Carrie Cooper you’re welcome!
@gurugearuna5 жыл бұрын
thank you..
@QbuniversityOrg5 жыл бұрын
Aruna Prasanna Guruge you’re welcome!
@sylviaaa38874 жыл бұрын
I asked a question about the received the payments under another video. So how do I fix the problem ? Received the payments was never done. Deposits are entered directly from bank statement.
@QbuniversityOrg4 жыл бұрын
I apologize, I must have missed that question. This video should help kzbin.info/www/bejne/mXipkKWBoMyYsKs
@donnaladan99915 жыл бұрын
I am using the desktop version of Quickbooks. I do not use the online version. I reconcile my bank statements every month and ensure everything is balanced. My question; I sell products and get paid at point of sale. I enter in the sales receipt and press save. But the invoice does not go to 0, it looks like there is a balance left unlike when you pay using an invoice it goes to 0. Am I doing something wrong.
@QbuniversityOrg5 жыл бұрын
So you enter a sales receipt, correct? What do you mean "the invoice does not go to zero?"
@boneyfreak91975 жыл бұрын
It's amazing how many companies hire a "Bookkeeper" that cannot even post properly. Currently cleaning up a mess for one that has $510,000 outstanding A/R, never billed going back 4+ years....and $1.11 million in "undeposited" funds. It's a lucrative business and the owner has been awash in $ and hasn't even requested, been offered or presented a single Report in all that time. Not even a P&L.
@QbuniversityOrg5 жыл бұрын
Boneyfreak happens more than you could imagine my friend. That’s why it’s so crucial to understand the difference between a bookkeeper, an accountant, a controller and a CFO
@caraengasser57555 жыл бұрын
That is crazy! I am looking to get into bookkeeping but I am in no rush. I am studying up on it as much as I can before jumping in so I can avoid common mistakes. Do you still feel that bookkeepers are needed in today’s world? I know not all businesses need them but I am excited to begin this journey. 😊
@theawesomelincolnbriso16694 жыл бұрын
Hi Mat, thanks for all your videos, they are very helpful. I have been trying to figure out how to break-down into period the P&L instead of monthly reports, I currently work for a restaurant and they use 13 period a year. Do you have any suggestions? Thanks
@QbuniversityOrg4 жыл бұрын
Arline Marti I’ll have to check. I want to say there isn’t a way to do that but for some reason I’m thinking in the set up that you can specify that your business is on a 52/53 week year. Even if you specify that I’m not exactly sure what it will do. I’ll take a look.
@theawesomelincolnbriso16694 жыл бұрын
Hi Mat , I was talking to another accountant that uses Quickbooks and it seems that I can create class and then sort the P&L report by class instead of monthly. I’ll try it and see how it goes. Thanks for your help and fast response
@angelavanes60485 жыл бұрын
Is there away to receipt invoices and allocate bill payment during the bank recon in QuickBooks without having to duplicate effort with going to receipts and bill pay separately to bank recon?
@QbuniversityOrg5 жыл бұрын
Angela van Es no unfortunately you would have to go back to the source transaction to change it
@robolson99245 жыл бұрын
How do you record payments made electronically? I have accounts that are on auto-pay. I'm also trying to get away from check writing and pay bills online instead. I believe the term is "EFT."
@QbuniversityOrg5 жыл бұрын
Rob Olson you can record these directly in the check register as EFT or Debit. This video, while about Memorized Transactions, should help and uses an example like this. kzbin.info/www/bejne/jZrGpausfK5_p9E
@triciamunoz65805 жыл бұрын
I am an independent billing service, how would I set up each of my "offices" I bill for when I bill them based off a % of their AR?
@QbuniversityOrg5 жыл бұрын
Tricia Munoz I would set them each up as Customers in Quickbooks. Thanks!
@Storiesofalifetime.5 жыл бұрын
Tricia - I would love to learn how you started doing this.. Thank you.
@galigohe5 жыл бұрын
where can i get, ir buy this program thank you!
@QbuniversityOrg5 жыл бұрын
Liz H thanks for the message! Are you asking about buying the actual Quickbooks software or my training tutorials? My training tutorials can be purchased at qbuniversity.org Thanks!
@SandraCristy5 жыл бұрын
Once all the credit card charges are on QB, do you also enter the statement min payment as a bill ?
@QbuniversityOrg5 жыл бұрын
Sandra Castellanos well you have to reconcile the card first then QB will ask if you if you want to enter a bill for payment later. You would enter the bill that way and make it for whatever amount you want to
@SandraCristy5 жыл бұрын
The Quickbooks University is there a way to check if it has been reconciled already ?
@QbuniversityOrg5 жыл бұрын
Sandra Castellanos yes under Reports you can view previous reconciliatioms
@SandraCristy5 жыл бұрын
The Quickbooks University Great! Thank you so much for the info and fast reply
@QbuniversityOrg5 жыл бұрын
Sandra Castellanos you’re welcome!
@bitcoinm74655 жыл бұрын
Sir how to pass multiple customer under single invoice ( manifest shipment )
@QbuniversityOrg5 жыл бұрын
BITCOIN M hey not sure what the question is. Have multiple customers on one invoice?
@bitcoinm74655 жыл бұрын
The Quickbooks University , if we manifest a cargo in a single airwaybill with numbers of clients how to handle its in Quickbooks
@QbuniversityOrg5 жыл бұрын
BITCOIN M oh I see. I thought you were trying to invoice multiple customers at once. Since this is really a shipment of inventory coming in you would record it coming in as inventory then do invoices or sales receipts selling that inventory to each customer individually
@remaxfirstchoice70175 жыл бұрын
Can I restrict one account from my assistants view when I have multible bank accounts.
@QbuniversityOrg5 жыл бұрын
You cannot restrict one account from their view in Pro or Premier. This option is available in Enterprise. Tell me the version you are using and reason for restricting that one account and maybe we can figure out a workaround?
@akitainumato94584 жыл бұрын
🎅🏻🌲🤶🏻 merry Christmas i
@QbuniversityOrg4 жыл бұрын
Akita INU MATO same to you!
@AreliHernandez12344 жыл бұрын
How do I find an invoice number that doesn’t show in my end????
@QbuniversityOrg4 жыл бұрын
Zaira jasso what do you mean it doesn’t show in your end?
@AreliHernandez12344 жыл бұрын
The Quickbooks University you know when your submitting a payment and you look for the invoice and it doesn’t show does that meen the person didn’t create a file with the company? Or where can I see the stored payments like the old ones hope that make sense
@QbuniversityOrg4 жыл бұрын
Zaira jasso it could mean it wasn’t entered or it could mean they didn’t enter the invoice number. An easy way to check is to go to the Edit drop down menu and choose Find. In there you can search by invoice number to see
@AreliHernandez12344 жыл бұрын
The Quickbooks University am very concerned because for example when am putting a check that I received and I have let’s say 5 diff invoice #’s and one of them doesn’t show up why does that happens that’s the major issue that I am having! Also where can I see the payments that I processed? Because if I take payment for a check and then I put the invoice # of course it’s not there where does it goes please help me with that I will really appreciate it that’s #1 problem that I have thanks for your time
@QbuniversityOrg4 жыл бұрын
Zaira jasso well it could mean the invoice was not entered, or it was entered and someone deleted it, or maybe the customer overpaid. Unfortunately it could be a number of things
@tinamcbride35995 жыл бұрын
How do you reconcile cash
@QbuniversityOrg5 жыл бұрын
Tina Mcbride you use the reconcile function in quickbooks
@marymary62575 жыл бұрын
This is a rip... They get your email address and then they want to charge you...
@QbuniversityOrg5 жыл бұрын
MARY MARY thanks for your feedback. I have lots of free videos here and on Facebook that should help you. Yes, I do charge for my full Quickbooks training course, and I also provide personal support by answering users specific questions. All in all it has helped many business owners. I’m sorry it does not work for you.
@SandraCristy5 жыл бұрын
Are you using quickbooks online ?
@QbuniversityOrg5 жыл бұрын
Sandra Castellanos in this video no. This is Desktop
@SandraCristy5 жыл бұрын
Is desktop better if you don’t need to directly invoice anyone?
@SandraCristy5 жыл бұрын
Thanks for a fast reply btw
@QbuniversityOrg5 жыл бұрын
Sandra Castellanos not necessarily. Desktop is more robust than Online but Online is nice because you can easily access it from anywhere
@RyanK-1005 жыл бұрын
The problem with this video - and I see it all the time - is that he tells you what you do and says it is wrong. He uploads it to KZbin and it confuses the learner. ... You see what I mean? Of course you don't, because I haven't said WHAT is wrong, nor have I given a correct example of what to contrast my way with the correct way. This guy does that. He describes what works for most businesses with paying bills as they come in, says "Quickbooks will give you false reports," and moves on to the next topic. Well, WHAT is wrong with this method? Indeed, Quickbooks will NOT give false reports (unless the user thinks Quickbooks magically knows what is in the folder on your desk). It reports on what is in the program, duh. He should clarify that, "it is better to input bills every day they come in, and write checks to pay them just before the due date. This would allow the program to track unpaid bills and it doesn't really take any more time. And reports would then reflect the unpaid bills as well as everything else you use it for now. This is especially important for small businesses and startups where unpaid bills can be a major part of debt and can cause problems with cash flow."
@QbuniversityOrg5 жыл бұрын
Thanks for the comment Ryan, and I appreciate the feedback.
@austinduanejones5 жыл бұрын
Why does this have to be so different from QBO?
@QbuniversityOrg5 жыл бұрын
Austin Jones do you mean the layout and user interface?
@austinduanejones5 жыл бұрын
The Quickbooks University Thanks for the fast response. Yeah they are 2 completely different looking programs
@QbuniversityOrg5 жыл бұрын
Austin Jones yeah I know. I think it’s just because of the complexities of making the layout and functionality of desktop in the cloud