Q: I have trouble keeping track of real estate taxes & accrued real estate taxes in QuickBooks - what is the proper way to enter and track these costs?
A: To track real estate on accrual basis in QuickBooks, enter your payment to the Balance Sheet account. A Balance Sheet Continue reading
As we have been discussing, understanding QuickBooks reports is extremely important to understand where your company is financially. The Balance Sheet is a basic financial statement that every business owner should understand and interpret.
The above reports are available with QuickBooks. What is a Balance Sheet anyways? A Balance Sheet Continue reading
Q: Can someone explain why it would be beneficial to view the Balance Sheet by Class?
A: The Balance Sheet is a report that summarizes the financial position of a business. A balance sheet shows the value of your company’s assets, liabilities, and equity as of a particular Continue reading
Q: I use QuickBooks for real estate and property management. I am currently working on a Personal Property tax statement for which I was told by my Accountant that I need all assets that were purchased in the calendar year. Is there a report that I can print that will show Continue reading