Hi @slrptantan4915, Glad it helped you. Have an amazing day! ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
Hi CrystalShares Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have a great day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Thanks Tania, So glad you liked this tip! 🤩 Have a great day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. The best possible way for you to receive support from Candus is to register for and attend her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Hi Sasha, Reconciling one month at a time would make it more clear for you as you go through your statements. ~Kindra/Team Candus Have an amazing day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Hi Sasha, They are probably two separate transactions. One is when they charged you and the other would be when you paid that amount most likely. Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Very helpful! I've been wondering how I'm going to account for all the expenses I've purchased personally for my new business. Thank you also for showing how to create a petty cash account and for getting cash back from customers/clients. My clients pay me in cash, and most times I'm not able to get the cash to the bank and end up spending it on business expenses. This will help me tremendously! I do have a question. When I'm doing a cash back from a bank deposit, can I list owner draw rather than petty cash?
Glad it helped you! Yes, you can classify it as owner's draw if that is what you are doing. Have a good day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Hey there! In my bank transactions, the cash withdrawal will input the ATM as an expense, but records as a deposit in the chart of accounts. Is that ok or should I just manually enter as a deposit and then match the cash withdrawal in the bank transactions? Thank you!
Hi Kristen, Thank you for watching our video. If you're interested in more in-depth training on what to do when you input the ATM as an expense, but your then it's recorded as a depot in the chart of accounts, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our QuickBooks Workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Hi, Can anyone help me on what's the classification of Victoria fines please ? Will it come under motor vehicles or do we need to create an extra expense in quickbook?
What do you recommend for this: Customer pays cash but the owner doesn't actually deposit that money into the business account. It is occasionally used for business expenses, but more often than not it just goes into the owner's wallet and is used for personal things. So now the petty cash register says they have 1,900 that they don't have. Would you categorize that as personal expense? If so, how often do you enter these transactions? Monthly? Weekly? I want to clean up their balance sheet so its accurate.
@Danae, it would be an owner draw or distribution depending on the entity structure. How often you adjust the petty cash is up to you. Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Awesome thank you.
Hi @slrptantan4915,
Glad it helped you.
Have an amazing day!
~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Hi, Candus. Can I ask how do you record the personal expenses in c corp in Qbo? Thanks
Hi CrystalShares
Thank you for watching our videos 😊
I will add your question to the list Candus uses to create new QuickBooks tips each month. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have a great day!
Ednalyn ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
Thank you 😀😀😀
You're welcome!
Awesome
Thanks Tania,
So glad you liked this tip! 🤩
Have a great day!
Kindra ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
Should I have 2 interest types, bank interest received, and CC intrest paid out, looks like they are showing on the same report?
Thank you for watching our videos 😊
I will add your question to the list Candus uses to create new QuickBooks tips each month.
The best possible way for you to receive support from Candus is to register for and attend her workshop.
Here is the link to register to attend: canduskampfer.com/workshop
Have a great day!
Kindra ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
I haven't reconciled in like 6 months. I used bank feeds option. Should I go reconcile 1 month at a time?
Hi Sasha,
Reconciling one month at a time would make it more clear for you as you go through your statements. ~Kindra/Team Candus
Have an amazing day!
Kindra ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
My credit card payment is posting as a charge and then a payment is that a duplicate?
Hi Sasha,
They are probably two separate transactions. One is when they charged you and the other would be when you paid that amount most likely.
Kindra ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
Very helpful! I've been wondering how I'm going to account for all the expenses I've purchased personally for my new business. Thank you also for showing how to create a petty cash account and for getting cash back from customers/clients. My clients pay me in cash, and most times I'm not able to get the cash to the bank and end up spending it on business expenses. This will help me tremendously! I do have a question. When I'm doing a cash back from a bank deposit, can I list owner draw rather than petty cash?
Glad it helped you!
Yes, you can classify it as owner's draw if that is what you are doing.
Have a good day!
Kindra ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
Hey there! In my bank transactions, the cash withdrawal will input the ATM as an expense, but records as a deposit in the chart of accounts. Is that ok or should I just manually enter as a deposit and then match the cash withdrawal in the bank transactions? Thank you!
Hi Kristen,
Thank you for watching our video.
If you're interested in more in-depth training on what to do when you input the ATM as an expense, but your then it's recorded as a depot in the chart of accounts, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our QuickBooks Workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Hi, Can anyone help me on what's the classification of Victoria fines please ?
Will it come under motor vehicles or do we need to create an extra expense in quickbook?
What do you recommend for this: Customer pays cash but the owner doesn't actually deposit that money into the business account. It is occasionally used for business expenses, but more often than not it just goes into the owner's wallet and is used for personal things. So now the petty cash register says they have 1,900 that they don't have. Would you categorize that as personal expense? If so, how often do you enter these transactions? Monthly? Weekly? I want to clean up their balance sheet so its accurate.
@Danae, it would be an owner draw or distribution depending on the entity structure.
How often you adjust the petty cash is up to you.
Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/