Solving the QuickBooks Puzzle
Congratulations to Roberta Gold of California, who wins a copy of Accounting Savvy for Business Owners for solving our QuickBooks puzzle last month. Her name was drawn at random from the correct entries we received.
If you missed the puzzle, here it is:
A reader wrote to ask whether she could invoice multiple jobs in a single QuickBooks invoice. She'd been creating separate invoices for each job, but wanted to know if she could avoid these multiple invoices each month. She said she'd asked the question in the QuickBooks Community Forums and received several answers telling her she could. One answer told her to put each job on a separate line item of the invoice, which is what she did. Now, of course, her recent invoices aren't linked to jobs (and the same problem would occur if she were using Sales Receipts). She also said that in addition to listing each job with inaccurate data, her customer reports include a "funny category" she doesn't understand. What's the name of the "funny category" that's appearing in her customer reports?
The "funny category" in her reports is "Other". For each transaction that included multiple jobs for a customer there's a report section named ": Other. The actual job is never linked to the QuickBooks transaction.
Accounting Savvy for Business Owners has had excellent reviews from accountants and business owners. This book answers the most frequently asked questions business owners pose to their accountants. If you're a business owner you'll learn how to keep books accurately. If you're an accountant, this is a great reference for answering your clients' questions (or to present as a gift to that client who calls most often with questions like, "How do I take money out of the business?" or "Why doesn't my bill payment show the expense?").