QuickBooks Online

Paid diagnostic review: Every bookkeeper’s weapon for taking on a big QuickBooks Online cleanup

By Veronica Wasek|2022-06-23T17:57:39+00:00June 23rd, 2022|Bookkeeping BIZ, QBO Cleanup|

Knocking out a big QuickBooks Online cleanup project requires the right preparation, tools, and strategy. Imagine if a boxer were to walk into the ring unprepared, without a strategy or the tools to take on their opponent - they would most likely lose the fight. Are you facing the challenge of a messy QuickBooks Online cleanup project, and want to triumph? Keep reading to learn about the paid diagnostic review: every bookkeeper's weapon for taking on a big QuickBooks Online cleanup project.

My biggest lessons learned after doing hundreds of QuickBooks Online cleanups

By Veronica Wasek|2022-04-28T20:38:58+00:00April 28th, 2022|Bookkeeping BIZ, QBO Cleanup|

Are you taking on a QuickBooks Online cleanup and looking for some helpful tips? After doing hundreds of QuickBooks Online cleanup projects, I have pretty much seen it all by now. I have made my share of mistakes, but I have certainly learned a lot of valuable lessons along the way. Every cleanup has it’s own unique challenges, but there are some key factors to help set you up for success from the start. Keep reading to find out my biggest lessons learned after doing hundreds of QuickBooks Online cleanups, and see how they can help you.

My scariest QuickBooks cleanup horror stories

By Veronica Wasek|2022-03-31T16:13:58+00:00March 31st, 2022|Bookkeeping BIZ, QBO Cleanup|

After doing hundreds of of cleanups, I have seen it all. I've seen undeposited funds, uncategorized income, uncategorized expenses, unapplied income and expenses, reconciliation discrepancies, comingling. And the list goes on. Over the course of all these cleanup situations, I have come across some that defy all of our expectations for a “normal” cleanup. Today, I’m sharing my scariest QuickBooks cleanup horror stories.

Tips for taking on a massive Undeposited Funds cleanup in QBO

By Veronica Wasek|2021-07-29T19:04:04+00:00July 29th, 2021|Bookkeeping BIZ, QBO Cleanup|

Taking on a massive undeposited funds cleanup in QuickBooks Online? It can be tough to know what to do when you are facing a ton of old transactions in the undeposited funds account. Here's my best tips for taking on a massive undeposited funds cleanup in QBO with confidence.

How to clean up Unapplied Cash Payment Income & Expenses in QuickBooks Online

By Veronica Wasek|2021-06-24T22:33:47+00:00June 24th, 2021|QBO Cleanup, QuickBooks Online, Tips and Tricks|

Coming across unapplied cash payment income and expenses in the Profit and Loss report during a QuickBooks Online cleanup can leave you stumped. What are these accounts for and where did they come from? How do you clean up these accounts to get rid of the balances? Keep reading, and I’ll answer these questions and tell you how to clean up unapplied cash payment income and expenses in QuickBooks Online.

How to clean up Opening Balance Equity in QuickBooks Online

By Veronica Wasek|2021-06-01T23:11:25+00:00May 27th, 2021|Bookkeeping BIZ, QBO Cleanup|

What should you do if you are working on a massive QuickBooks Online cleanup and you come across a mysterious balance in the Opening Balance Equity on the balance sheet? You probably won’t recall ever adding that account to QuickBooks Online, or categorizing any transactions to/from it. So what is it, and why is it showing up on your balance sheet? Keep reading and I’ll answer those questions and discuss how to clean up Opening Balance Equity in QuickBooks Online.

Using a cleanup checklist for successful QBO cleanups

By Veronica Wasek|2021-04-22T19:42:07+00:00April 22nd, 2021|Bookkeeping BIZ, QBO Cleanup|

QuickBooks cleanup projects can easily become overwhelming and time-consuming, especially if you’re not sure where to start. That’s why I always recommend using a cleanup checklist for successful QBO cleanups. It will help you stay on track, make sure nothing is missed, and give you confidence in the end result. Keep reading to find out more.

Using journal entries in a QBO cleanup without messing up the books

By Veronica Wasek|2021-06-01T23:00:31+00:00March 26th, 2021|Bookkeeping BIZ, QBO Cleanup, QuickBooks Online|

When you’ve got a problem in QuickBooks Online, the ‘easy fix’ is making a journal entry...right? As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books! The key is knowing which is which and what goes on inside QBO when you create journal entries to make corrections. I'll share my tips and best practices for using journal entries in a QBO cleanup without messing up the books.

Tips for taking on a massive QuickBooks Online cleanup

By Veronica Wasek|2021-04-22T00:41:06+00:00March 9th, 2021|Bookkeeping BIZ, QBO Cleanup, QuickBooks Online, Tips and Tricks|

Are you taking on a big QuickBooks Online cleanup project and not sure where to get started? I’ve been in your shoes, but after years of performing QBO cleanups, I've developed a system for organizing my cleanup projects from start to finish. I want to share my tips for taking on a massive QuickBooks Online cleanup, to help you confidently take on even the toughest projects.

The virtual bookkeeper’s guide to understanding PayPal

By Veronica Wasek|2021-01-22T05:10:26+00:00January 21st, 2021|Bookkeeping BIZ, E-commerce, QBO Cleanup|

Does the thought of working with PayPal transactions make you want to run and hide? PayPal bookkeeping can be very complicated, even for the most experienced virtual bookkeeper. I definitely struggled to understand the ins and outs of how it works at first. Now I want to share my experience with you. I'm going to show you the essentials of how PayPal works so you can tackle your client's PayPal transactions with more confidence in this virtual bookkeeper’s guide to understanding PayPal.

How to record Shopify sales in QuickBooks Online

By Veronica Wasek|2020-09-24T22:42:56+00:00September 24th, 2020|Bookkeeping DIY, E-commerce, Tutorials|

I love helping e-commerce sellers tackle some of their biggest bookkeeping questions and challenges with QuickBooks Online. One of the basics that Shopify sellers need to know is how to record Shopify sales in QuickBooks Online. This can be tricky, as there are a lot of moving pieces, and you have to know where to get the information you need to enter into QBO. In this blog post, I’m going to demonstrate how to record your Shopify sales in QuickBooks Online using a manual journal entry method.

Tracking Amazon inventory in QuickBooks Online – the do’s and don’ts

By Veronica Wasek|2020-05-28T18:00:46+00:00May 28th, 2020|Bookkeeping DIY, E-commerce, Tips and Tricks|

When it comes to tracking Amazon inventory in QuickBooks Online, what are the do’s and don’ts? Well, my short answer is that you do want to track the inventory costs in QuickBooks Online, but you don’t want to track all of the details of inventory in QuickBooks Online. Keep reading to find out why that is not recommended and to learn what you should do instead.

Integrating QuickBooks Online with Amazon and Shopify using A2X

By Veronica Wasek|2020-05-14T09:30:11+00:00May 14th, 2020|Bookkeeping DIY, E-commerce, Tips and Tricks|

A common struggle for e-commerce sellers using Amazon and/or Shopify lies in how to get the information from your Amazon and/or Shopify account into QuickBooks Online. Streamlining your numbers and getting them into your financial software with an app integration can save you a TON of time and effort. In this blog post, I want to share my recommended tool for seamlessly integrating QuickBooks Online with Amazon and Shopify - A2X.

Should you track Shopify inventory in QuickBooks Online?

By Veronica Wasek|2020-04-30T19:50:03+00:00April 23rd, 2020|Bookkeeping DIY, E-commerce, QuickBooks Online, Tips and Tricks|

If you're an online seller, there may be several options when it comes to tracking your inventory. But, should you track your Shopify inventory in QuickBooks Online? The answer is... well... it depends.

Finding an e-commerce accountant who understands Amazon and Shopify

By Veronica Wasek|2020-10-23T14:27:20+00:00April 9th, 2020|Bookkeeping DIY, E-commerce, Tips and Tricks|

Accounting for online sellers is unique. Finding a good Amazon and Shopify accountant who understands those unique needs can be challenging. It is important to know the right questions to ask when interviewing accountants to handle the financials for your e-commerce business. I’ve come up with a comprehensive list of questions to help you in finding an e-commerce accountant who understands Amazon and Shopify.