Hi Im using the non profit edition. I'm running a church and I only have one income account labeled donations. I have one item pointing to that one income account. I have then created a bunch of classes ie: monthly donations, general donations, donations for new building. And when using the 'write checks' feature do I allocate the class in which the money is ''coming out of''?? Is this the correct way to do it? Thank you so much for you lovely videos
Hi Hector, do you have one episode for example i’m in a freight company that help collect all the freight charge , by the end of month, we allocate freight expense by invoicing other companies (we help collect freight charge for) . so the account associate with the freight expense would be zero .
@@HectorGarciaCPA I just remembered they set up non inventory item , then under sales price , choose expense account instead of income account ( which we normally do) that expense account is actually the all expense from Bill we didn’t allocated yet.
Hi Hector, Thank you for posting this allocation trick. My company has multiple accounts(expenses) and the distribution rate changes each month. Is there any easy way that I can allocate all the expenses?
Hector-- Is this the process I should use for my embroidery business? I charge some products by stitch count, with varying levels depending on how many items are done. (Per 1000 stitches, 5 of something (each) is charged per 1000 stitches at a higher rate than 20 (each) of something.) Thanks.
I like how explain the information and are very specific. Thank You.
moondancer5000 thanks
Hi
Im using the non profit edition. I'm running a church and I only have one income account labeled donations. I have one item pointing to that one income account. I have then created a bunch of classes ie: monthly donations, general donations, donations for new building. And when using the 'write checks' feature do I allocate the class in which the money is ''coming out of''?? Is this the correct way to do it?
Thank you so much for you lovely videos
Hector how can this be done in Quickbooks Online advanced? Specifically the steps that start at 6:18
Never tried it
Hi Hector, do you have one episode for example i’m in a freight company that help collect all the freight charge , by the end of month, we allocate freight expense by invoicing other companies (we help collect freight charge for) . so the account associate with the freight expense would be zero .
I don’t have one specifically on that.
@@HectorGarciaCPA I just remembered they set up non inventory item , then under sales price , choose expense account instead of income account ( which we normally do) that expense account is actually the all expense from Bill we didn’t allocated yet.
Hi Hector, Thank you for posting this allocation trick. My company has multiple accounts(expenses) and the distribution rate changes each month. Is there any easy way that I can allocate all the expenses?
No.. this is the “easiest”
On your third scenarios, can you change the ratio each month?
@@jingchen8791 yes via QTY
I'm trying to do my transactions in banking and it is prompting me to do a class. I'm confused what i need to put the class as?
+Azzurra Azure Peak Santo dont put anything
How to use Classes in QB for Mac? I need a way to track revenue/expenses by real estate property as a landlord
QB Mac has classes.. that will work..
cannot find where to turn on Classes. Assume it's a Company-level configuration? Nothing under COmpany.
ah, I found it! It's under File>Preferences>Transactions
Hector-- Is this the process I should use for my embroidery business? I charge some products by stitch count, with varying levels depending on how many items are done. (Per 1000 stitches, 5 of something (each) is charged per 1000 stitches at a higher rate than 20 (each) of something.) Thanks.
Ellen K is possible... but are you using classes?
No. I will look up using classes. I am starting QB at square one and appreciate your videos.
Can i not show parent customer name in the address field when i am invoicing the sub customer in quickbooks online?
Correct
i don't want to show the parent customer name in the address field
Mohammed Basim just change it to the address you want
@@HectorGarciaCPA i know i can change it manually. I don't want it show on the first place
Another video on allocation, different approach with journal entries and batch enter transactions: ua-cam.com/video/OerqoT-0OZU/v-deo.html