![]() If your company thinks handing out cash early is more painful than data entry, find the bills you haven’t paid and get ready to enter them in QuickBooks. ![]() As a last resort, you can ask your customers for copies of the invoices they haven’t paid or create invoices in QuickBooks to match the payments you receive. If you didn’t keep copies, you’ll have to figure out how much you sold in services and products, the discounts you applied, what you charged for shipping and other charges, and the amount of sales tax. If customers owe you money, pull the paper copy of every unpaid invoice or statement out of your filing cabinet so you can give QuickBooks what it needs to calculate your Accounts Receivable balance. If you have petty cash lying around, count it and use that number to set up your petty cash account.Ĭustomer balances. You’ll need them to enter transactions, as described in the upcoming chapters. Gather deposit slips and your checkbook register to identify the transactions that haven’t yet cleared in your bank accounts. For each bank account you use in your business (checking, savings, money market, petty cash, and so on), find the bank statements with statement dates as close to-but earlier than-the start date for your QuickBooks file.
0 Comments
Leave a Reply. |