Hello to all my friends that are starting a new QuickBooks file or QuickBooks online account. You may be new to QuickBooks and have been keeping records in another place. How do you make sure your start-up numbers are correct? Easy! Watch the entire playlist and you will see that no matter what system your changing from, if you follow the instructions in this QuickBooks set up course, you will have accurate numbers as of the declared start date of your new QuickBooks file, or online account. I hope you will “like” and subscribe. -Mark
Thank you for asking If you do it that way then they will be out of sync with the separate areas of data that are tracked in QuickBooks and QuickBooks Online These methods in this playlist are the only way to make them correct and at the same time, make correct the details and inventory regarding quantity and cost and the details and accounts receivable regarding open invoices and vendors payables unpaid bills Otherwise I would agree with you that the journal entry would be enough and that's the problem I suggest you clicking the top right corner of this video to get the link to the full playlist for opening balances so you can see how everything works logically together if you watch the playlist in proper order. It won't take long because each video is only a few minutes each Please let me know what you think Mark
Hi Mark, Could you tell me how I set up a project's estimate(proposal amount) and the remaining budget(estimate) when I start over the QBs desktop version at the beginning? Thank you.
Hello to all my friends that are starting a new QuickBooks file or QuickBooks online account. You may be new to QuickBooks and have been keeping records in another place. How do you make sure your start-up numbers are correct? Easy! Watch the entire playlist and you will see that no matter what system your changing from, if you follow the instructions in this QuickBooks set up course, you will have accurate numbers as of the declared start date of your new QuickBooks file, or online account.
I hope you will “like” and subscribe.
-Mark
I'm trying to understand why you need to deal with AR, AP, and Inventory separately.. can't we just include those in the initial fat JE?
Thank you for asking
If you do it that way then they will be out of sync with the separate areas of data that are tracked in QuickBooks and QuickBooks Online
These methods in this playlist are the only way to make them correct and at the same time, make correct the details and inventory regarding quantity and cost and the details and accounts receivable regarding open invoices and vendors payables unpaid bills
Otherwise I would agree with you that the journal entry would be enough and that's the problem
I suggest you clicking the top right corner of this video to get the link to the full playlist for opening balances so you can see how everything works logically together if you watch the playlist in proper order.
It won't take long because each video is only a few minutes each
Please let me know what you think
Mark
Hi Mark, Could you tell me how I set up a project's estimate(proposal amount) and the remaining budget(estimate) when I start over the QBs desktop version at the beginning? Thank you.