This is the Blog of Hector Garcia, QuickBooks ProAdvisor and Trainer in South Florida.  Content topics found here will be mostly QuickBooks functions, tips and tricks on how to learn QuickBooks and use it better, accounting related material, and Tax tips.
You may contact Hector at: hector@quickbooks-training.net if you have any other ideas or comments on postings to this blog.

Top 10 Tax Deductions for business owners

If you have a business activity without a business entity (sole proprietor), own a Corporation or LLC, you should pay close attention to these top deductions that are often missed, misunderstood, misused, and/or abused: Home Office Expense: usually failing to document the square footage of the home and its business purpose Vehicle Expense: mixing personal […]

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QBO FOR CONTRACTORS

QuickBooks Online Plus has the following features which tend to be useful for contractors: Job Costing of Bills, Checks/Expenses, and Credit card Charges by Job, Class, Location Estimates and Progress Invoices (in BETA only) Budgets by Job (which could be used to compare Estimates vs. Actuals) Profit and Loss by Job Custom fields in invoice […]

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Intermediate/Advanced QuickBooks Training for Contractors, Construction, and Project-Based Companies

We get a lot of requests from these type of businesses that currently use QuickBooks Pro, QuickBooks Premier, and/or QuickBooks Enterprise* (if you use QuickBooks Online, see this article please)… and they want to learn how to maximize the software to track he most important accounting elements that these type of businesses like to track.  […]

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What’s New with QuickBooks Desktop/Enterprise 2018?

Let us get on with the new features for 2018, and we will start with new features available across ALL editions of QuickBooks Desktop: Multi-Monitor Support* you can now expand QuickBooks across 2 or 3 monitors respecting the maximize rules per screen! And a keyboard shortcut CTRL+ALT+N to toggle any window across screens. Also CTRL+ALT+M […]

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New Client Questionnaire for Accounting/Bookkeeping Services

Accounting and Bookkeeping Services Questionnaire V.4.0 – 02/11/2018 Company Name: ______________________________________________________ Years in Business: ________ Industry & Principal Product/Service: ________________________________________ Principal (Director, CEO, CFO) decision making contact: ___________________________ Internal Accountant/Bookkeeper/Comptroller contact: ____________________________ Current Status Platform: QuickBooks Online ________    QBDT__________ Year: ____ Last completed financial statements date: _______________ Books Closed? Y / N        Date:___________ Assets and […]

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What is a “tax return ready” financial statement?

… or “Professionally Prepared Financial Statements” Whenever we discuss the price of preparing a Corporate or LLC/Partnership tax return, the concept of “tax return ready” financial statements comes up.  As accountants and bookkeepers, we can play one of two roles (or even both): Prepare Balance Sheet and Profit & Loss report “tax return ready” Prepare […]

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How much do you charge to do my accounting and/or taxes?

We get 2-3 emails a week from people that we never interacted with in the past with questions like: “I need a new accountant, how much are your services?” or “How much will you charge me to do my taxes this year”? Now, I got to tell you, it is really hard to answer just […]

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Converting a QuickBooks Enterprise File to QuickBooks Online

In my experience, it is rarely a good idea to convert from QuickBooks Enterprise to QuickBooks Desktop, mainly because QuickBooks Enterprise users tend to use these features: Custom/Advanced Reports Sales Orders (managing inventory backorders) Partial Purchase orders received Separate Item receipts from vendor bills with Inventory Items Manufacturing / Inventory Aseemblies Automatic Purchase Order generation […]

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FAQ: How do I import several months of bank transactions into my QuickBooks Desktop?

The answer varies depending on which version of QuickBooks Desktop you have:   QuickBooks Pro or Premier (any year) or QuickBooks Accountant or Enterprise (2012 or older) 1) if you can get the data from the bank as .qbo (web connect) that would be ideal…. as you don’t have to convert anything or finagle with […]

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FAQ: QuickBooks Online; How do I import more than the last 90 days of bank transactions?

1) If you can get the data from the bank as .qbo (web connect) that would be ideal…. as you don’t have to convert anything or finagle with a spreadsheet.  And bring everything via Bank Feeds / Downloaded Transactions in QuickBooks Online 2) If no .QBO file available, then the next best choice is a […]

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This QuickBooks Blog is updated every other day!

For More Information

Call us to 954-633-2718 or email: hector@quickbooks-training.net