Phone: 845-566-0391
Email: info@petromccrum.com
P.O. Box 563, Plattekill, NY 12568
 |
 |
 |
 |
 |
 |
Tips of the Month - September, 2006
QuickBooks Tip:
Recording Fixed Assets in QuickBooks
To record all of the specific information pertaining to a fixed asset purchase: Go To Lists, Fixed Asset Item List, Item, (bottom left corner), New, complete all information pertaining to purchase, OK
Having all of this information in QuickBooks will make is easier for your accountant to
calculate depreciation, and for the correct recording of sales, trade-ins, and disposals.Simplify the Bank Statement Reconciliation in QuickBooks
When recording non-check withdrawals leave the check number field blank. If the check number field is blank QB’s will sort the transactions in chronological order. This way your QB’s transaction order should match the posting order on your bank statement making it easier to reconcile. If you want to make note of the type of transaction (EFT, ACH, ATM) record the information in the memo field.
