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Marietti Accounting Services, LLC
United States
Приєднався 18 жов 2018
An accounting firm specializing in outsourced CFO, tax relief/representation, and tax planning.
How To Record a Cash Payment to a Contractor in Quickbooks Online - Cash Account in Quickbooks
In this video I explain how you can create a cash account in Quickbooks online and use it to pay vendors and receive cash payments. I also discuss the best documentation process to help substantiate these expenses in the event of an audit.
Переглядів: 112
Відео
What Payroll Forms Need to be Filed at the End of 2024 - Annual Payroll Filings - W2
Переглядів 10921 день тому
In this video I discuss the payroll forms your business must file every year in order to stay compliant. These forms include your quarterly and annual withholding forms, annual unemployment forms, and W2s and W3s.
How to File 1099 MISCs - How to fill out a 1099 MISC - Who needs to file - Who gets a 1099 MISC
Переглядів 21021 день тому
In this video I discuss 1099 MISCs including who needs to file 1099 MISCs and who receives 1099 MISCs. If you have paid rent you may need to file a 1099 MISC. Other payments are covered on this form as well.
How to Fill Out Form 1099 NEC - Who Needs a 1099 NEC - How to Do 1099 NECs - What is a 1099 NEC
Переглядів 46021 день тому
In this video I discuss what a 1099 NEC is, who needs to file them, who receives one, and how to fill one out. This video focuses on 1099 NECs for the 2024 tax year for the 2025 filing season.
Using Bank Rules in Quickbooks Online - Setting Up Bank Rules - What are Bank Rules - Quickbooks
Переглядів 502 місяці тому
In this video I show you how to use bank rules in Quickbooks Online including how to set up bank rules and how to use them. There are some potential issues with setting up bank rules incorrectly that can create a lot of issues for businesses.
Setting Up Bank Feeds in Quickbooks - Connecting Bank Account - Uploading Transactions
Переглядів 1052 місяці тому
In this video I show you how to set up the bank feeds in Quickbooks Online. How to connect bank accounts, credit cards, and upload transactions.
Adding a Contractor in Quickbooks Online - Contractors in Quickbooks - Setting up Contractors
Переглядів 612 місяці тому
In this video I show you how to add a contractor to Quickbooks Online so you can track them for 1099s. I also briefly discuss the types of 1099s and when you use them
Batch Entering Sales in Wave - Entering Sales from a POS into Wave - Using a POS with Wave
Переглядів 532 місяці тому
In this video I go over entering sales from a POS into Wave. POS systems like Square and Stripe can be entered in bulk into Wave so you don't have to enter all of the sales one by one.
Recording Sales in Wave - Recording Sales without Making an Invoice - Recording Cash Sales
Переглядів 752 місяці тому
In this video I show you how to record cash sales in Wave without having to create an invoice. Recording sales in Wave
Managing Inventory with Wave - Can You Track Inventory in Wave? - How to Record Inventory in Wave
Переглядів 2542 місяці тому
In this video I discuss recording inventory in Wave and the limitations of Wave when managing a company that has inventory. I also show the perpetual and periodic way to record inventory in Wave
Types of Products and Services in QBO - Tracking Inventory with Quickbooks Online
Переглядів 562 місяці тому
In this video I describe the types of products and services in Quickbooks Online. I discuss services, inventory items, non-inventory items, and bundles. I walk you through adding each one to the list of products and services and using them on invoices and bills
Adding Products and Services in Wave - How to Add a Product in Wave - Does Wave Track Inventory
Переглядів 492 місяці тому
In this video I show you all about the products and services tab in wave. Adding products and services, both for invoices and bills. And I answer the question - does Wave automatically track inventory for you?
Navigating the Customer Area in Wave - Adding Customers to Wave - Viewing Customer Activity in Wave
Переглядів 322 місяці тому
In this video I discuss the customer area of Wave and how you can add customers, see customer activity, and more.
Sending Customer Statements in Wave - Types of Wave Statements - Wave Tutorial
Переглядів 802 місяці тому
In this video I show you how to send a statement to a customer in Wave.
Wave Estimate Approval Question - Can a Customer Approve an Estimate from Wave?
Переглядів 532 місяці тому
We received a question on our Wave estimate video and recorded the answer here. The question was can a customer approve an estimate through Wave? Is it possible to send an estimate prior to approval to a customer and can they then approve the estimate?
How to Create Recurring Invoices in Wave - Save time with recurring invoices - Wave bookkeeping
Переглядів 2482 місяці тому
How to Create Recurring Invoices in Wave - Save time with recurring invoices - Wave bookkeeping
Reverse Engineering Profits - Determining Personal Savings Amount
Переглядів 182 місяці тому
Reverse Engineering Profits - Determining Personal Savings Amount
Creating an Invoice from an Estimate in Wave - Wave Accounting - Estimate to Invoice
Переглядів 1425 місяців тому
Creating an Invoice from an Estimate in Wave - Wave Accounting - Estimate to Invoice
Credit Card Credits in Quickbooks Online - How to Record a Credit Card Refund - Credit Card Credit
Переглядів 1555 місяців тому
Credit Card Credits in Quickbooks Online - How to Record a Credit Card Refund - Credit Card Credit
Making an Estimate in Wave - Wave Apps - Wave Accounting - Estimate for Customer
Переглядів 1245 місяців тому
Making an Estimate in Wave - Wave Apps - Wave Accounting - Estimate for Customer
Vendor Credits in Quickbooks Online - How to Record and Apply a Vendor Credit
Переглядів 3605 місяців тому
Vendor Credits in Quickbooks Online - How to Record and Apply a Vendor Credit
How to Mark a Bill as Paid - Paying Bills in Quickbooks Online. Recording a Bill Payment
Переглядів 693Рік тому
How to Mark a Bill as Paid - Paying Bills in Quickbooks Online. Recording a Bill Payment
Creating a Bill in Quickbooks Online. How to Record a Bill. Entering a Bill in Quickbooks.
Переглядів 95Рік тому
Creating a Bill in Quickbooks Online. How to Record a Bill. Entering a Bill in Quickbooks.
Writing a Check in Quickbooks Online. How to record a check in Quickbooks
Переглядів 150Рік тому
Writing a Check in Quickbooks Online. How to record a check in Quickbooks
Creating an Expense in Quickbooks Online. Recording a Purchase. What is an Expense?
Переглядів 51Рік тому
Creating an Expense in Quickbooks Online. Recording a Purchase. What is an Expense?
this is really good info! we are just getting things setup... question bout when you record your inventory under Bills - do you need to mark down a payment of that bill? Or do you leave it unpaid so it reflects your cash flow properly? I notice if I mark it as unpaid it shows as a liability and then reflects my cash flow as reduced by that amount (which would be accurate as it's money paid upfront for materials for inventory to create product to sell). Hopefully I am making sense!
You would record a bill payment when the bill is paid. So if you have a bill for inventory, but you have not paid for it yet you will keep the bill as unpaid. This allows you to keep track of the bills that you need to pay. It also lets you run cash basis financials. If you are a small business in the US you will likely file your taxes on a cash basis. If you recorded the bill payment without making it you would increase your Cost of Goods sold which would reduce your taxable income which would cause you to underpay your taxes (if you are immediately expensing inventory). In short - only record the bill payment when it is made so you do not skew your other financial reports. The effect on the statement cash flow is accurate
Amazing Information. Q: If I pay my contractors cash can I still record it in QBO?
You can record cash payments to contractors in QBO. Here's a video explaining how it works and what documentation you need to keep in case of an audit ua-cam.com/video/6wo_3pMkMoQ/v-deo.html
This information was exactly what I was looking for. Thank you so much for the time you put into this video. I look forward to future videos so I can learn more.
What is I need to apply to a different invoice? Why does it automatically load the last invoice. maybe I am crediting the older invoice?
Why is the vendor credit to credit card credit showing up on my unapplied cash bill report after I match the two together?
I've been using Wave for sometime now, but still have this question about approving the draft estimate. Can the draft be sent to the customer/client for them to approve, or does that have to be done before it's sent. I ask because there isn't a signature line or any other way for them to approve.
Hi @el.handyman unfortunately the feature you are asking about is not available in Wave. You do need to approve the estimate prior to sending it and then the customer would need to approve the estimate outside of Wave. We've recorded a video to explain in further depth how this works. You can check it out here: ua-cam.com/video/VAQiLLBV6Mg/v-deo.html
Thank you. This is very nice clear instruction.
Thank you so much for this! I was easily able to follow along.
What the website called ?
This is Quickbooks Online
Hi, thank you for your videos!! What about refunding for double payment on an invoice? which method we use? The money is already on the account but no invoice to apply it to. Thank you in advance!!
Great video
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Fix your volume! Can’t hear you at all! Please redo video
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