How to add subtotals in QuickBooks Desktop

Well while writing an invoice, it’s important to include subtotals especially when an invoice includes both service and inventory items to provide a clear breakdown of the costs involved in a transaction. It helps the customer understand the total cost of their purchase, and allows them to verify the accuracy of the invoice.

Adding subtotals in quickbooks desktop

Well, the subtotal is the sum of all the items or services being charged for, before any taxes or discounts are applied and normally subtotal section is typically located towards the bottom of the invoice, just above the tax and total sections. It should include a detailed list of each item or service being charged for, along with the corresponding price. If applicable, any discounts or credits should also be reflected in the subtotal section.

Including a subtotal on an invoice not only helps to ensure accuracy, but also provides transparency and builds trust with the customer. It demonstrates that the business is being upfront and honest about the costs involved, and that they are committed to providing a clear and detailed breakdown of the transaction.

Anyhow, in this tutorial we will see whether how we can apply subtotals to an invoice in quickbooks desktop.

add subtotals in quickbooks and apply to an invoice

And, I hope this tutorial will be helpful for someone out there and Thanks for Watching.

Advertisement

Create Customer Credit Limit in QuickBooks Desktop

Customer credit limit is an important aspect of doing business and sometimes, when a customer doesn’t make his payments on time, we certainly start developing concerns whether how the customer will behave regarding his future payments if we keep continue doing business with him. In such scenario, we put a credit limit on his account so that we can have an idea about the behavior of such customer.

Create Customer Credit Limit in QuickBooks Desktop

Well, In general, Credit Limit is the amount of the working capital a business can afford if a customer fails to make his payments on time or in worst case scenario, if he doesn’t pay at all witch will then be concerned a loss or bad debts.

Anyhow, in this tutorial, we will see whether how we can add customer credit limit in quickbooks desktop and increase or decrease it if a customer fails to make his payments on time.

Create Customer Credit Limit in QuickBooks Desktop

I hope this tutorial will be helpful for someone out there and Thanks for Watching.

Change Industry Edition of QuickBooks Desktop

Change Industry Edition of QuickBooks Desktop

Well, at the time of installing QuickBooks desktop, it requires us to select an industry-specific edition so that it can set-up the initial setup concerning the industry we select. And if we are not 101% sure whether what industry we need to select, we simply select general service or product-base industry so that it can be installed and we can start tracking our business activities and, in this tutorial, we will see whether how we can change industry specific edition of QuickBooks desktop.

I hope this tutorial will be helpful for someone out there and Thanks for Watching & Don’t Forget To Like, Share & Subscribe.

How to record a Delivery Truck loan in QuickBooks Desktop

How to record a Delivery Truck loan in QuickBooks Desktop. I will use three ways of recording loan.

Well, regardless whether the financing is good or bad for business, you do find yourself in a position to finance assets you can’t pay in full right away instead you spread the huge cost to a longer period of time and in this tutorial, we will see whether how we can record a fixed asset (Delivery truck) loan and interest payments in QuickBooks desktop.

I hope this tutorial will be helpful for someone out there and Thanks for Watching & Don’t Forget To Like, Share & Subscribe.

QuickBooks Desktop | Selling a Fixed Asset and Record Gain or Loss

QuickBooks Desktop | Selling a Fixed Asset and Record Gain or Loss

Well sometimes due to some unexpected reasons you find yourself in a position to sell an asset you may have purchased recently to run your business. In that scenario, you may sell it with no gain or loss, or you may sell it which bring you some gain or loss and, in this tutorial, we will see how we can record a fixed asset we sold on book value, at gain, and at loss.

I hope this tutorial will be helpful for someone out there and Thanks for Watching & Don’t Forget To Like, Share & Subscribe.

QuickBooks Desktop | Applying Depreciation to Fixed Assets “Two Ways”

QuickBooks Desktop | Applying Depreciation to Fixed Assets “Two Ways”

Well different types of fixed assets that you buy to generate income have different lifespan which must be taken into account to calculate the depreciation value and different methods are used to calculate the value. like, Straight Line Depreciation Method, Diminishing Balance Method, Double Declining Balance Method. And If you don’t know how to calculate the depreciation value, you need to contact to your tax-preparer and or CPA who will help you with that. Anyhow, in this tutorial we will see two ways of recording depreciation value in quickbooks desktop

I hope this tutorial will be helpful for someone out there and Thanks for Watching & Don’t Forget To Like, Share & Subscribe.

QuickBooks Desktop | Purchase and Record Fixed Assets

QuickBooks Desktop | Purchase and Record Fixed Assets

Recording fixed assets in quickbooks desktop

Well, when your business starts growing, you find yourself in a position to buy assets that can provide benefits to your business for many years and in accountancy field, such assets are called “fixed assets” and It may include, building, computers, furniture, land, machinery, vehicles, etc, and in this tutorial I will talk about purchasing and recording fixed assets in QuickBooks desktop.

I hope this tutorial will be helpful for someone out there and Thanks for Watching & Don’t Forget To Like, Share & Subscribe.

QuickBooks Desktop | Editing Company Information

Change company information in quickbooks desktop

Well sometimes, you start your business without even registering it in the beginning and later when your business starts growing, the first thing comes to your mind is to legally register it. So, whether you register it as a sole proprietor, partnership, or a corporation, you need to make some changes in the company information after getting it legally registered.

I hope this tutorial will be helpful for someone out there and Thanks for Watching & Don’t Forget To Like, Share & Subscribe. Contact:

QuickBooks Desktop | Setting up Sales Taxes

QuickBooks Desktop | Setting up Sales Taxes

Sales tax in quickbooks desktop

Well setting up sales taxes not only categorize the due tax amount according to the state, and local authorities but-also it saves us from the complications that might occur at the time of remitting so in this tutorial, we will see whether how we can set up sales tax in QuickBooks desktop.

= Topics covered in this tutorial

• 00:06 Overview
• 00:30 Activate sales tax feature in QuickBooks desktop
• 00:50 Search sales tax rates
• 01:40 Set up sales tax rates
• 02:40 Creating a sales tax group

I hope this tutorial will be helpful for someone out there and Thanks for Watching & Don’t Forget To Like, Share & Subscribe.

QuickBooks Desktop | Import and Export Inventory Items

QuickBooks Desktop | Import and Export Inventory Items

Importing and Exporting inventory items, Quickbooks desktop

Well, it’s a good thing if the business is growing so the inventory but when you have a lot of inventory items to add into your account system it takes all the time. In that situation, it’s a good idea to import all the inventory items at once with the help of excel or any other software instead of adding it manually one by one. By importing inventory items at once will not-only save you a lot of time but also it will save you some extra cost. So, in this tutorial we will see whether how we can import and export inventory items using copy / paste method.

= Topics Covered in This Tutorial

• 00:06 Overview
• 00:50 Import Inventory items in QuickBooks Desktop
• 02:45 Adding an inventory item
• 04:20 Numbers with dollar sign
• 07:15 Making changes in inventory items in QuickBooks Desktop
• 08:20 Export inventory items from QuickBooks Desktop

I hope this tutorial will be helpful for someone out there and Thanks for Watching & Don’t Forget To Like, Share & Subscribe