QuickBooks

October 12, 2021October 12, 2021QuickBooks, Tax

Creating a VAT only Sales record

Dealing with a VAT only sales adjustment in QuickBooks If your business deals predominantly in food sales most of its sales will be 0% rated for VAT in the UK. It is the case therefore that it is simpler to record all sales as 0% and then make regular adjustments to account for the small […]

November 13, 2018March 22, 2019Bookkeeping, HMRC, QuickBooks, Tax

What is Making Tax Digital (MTD)?

What is Making Tax Digital? MTD – at this stage – is more accurately MTD for VAT. That means that HMRC has pushed through a requirement for most VAT registered businesses with effect from 1 April 2019 to use MTD compatible software to • capture business transactions • prepare the VAT return • send information […]

February 2, 2017November 13, 2018Cloud accounting, QuickBooks

Exporting and importing QuickBooks Online data

How to Export data from QuickBooks Online There are occasions when you may decide that you want to extract your data from QuickBooks Online. The reasons for this may be various including because you want to work offline, probably in Excel, in order to do some fancy accounting analysis you have an innate fear of […]

February 4, 2016February 5, 2016Accounts, Bookkeeping, QuickBooks

Managing a Loan in QuickBooks Online

How to deal with a loan in QBO I have been struggling with setting up and managing a client’s bank loan in QBO and have arrived at a solution which I want to share. Firstly, QBO – unlike the desktop version – does not have a loan manager feature so a QBO user will have […]

February 4, 2015January 5, 2021Bookkeeping, Cloud accounting, HMRC, QuickBooks, Tax

Dealing with VAT in QuickBooks® Online

Dealing with VAT in QuickBooks® Online Updated January 2021 Changes to VAT after Brexit (1 Jan 2021) Some links regarding the changes to VAT arrangements in general, and guidance on the changes in QuickBooks. HMRC Guidance Exporting from UK to EU checklist Importing of Goods from EU and elsewhere Note here that B2B imports (where […]

January 13, 2015January 13, 2015Accounts, Bookkeeping, QuickBooks

The Importance of Reconciliation

The Importance of Reconciliation The reconciliation of bank accounts It’s true that in life it is usually healthier to forgive wrongs done to us and make up with those who have offended us. Taking everything back to an equal and even footing. That, in accounting terms, is what we are doing when we reconcile our […]

August 18, 2014February 13, 2015Accounts, Bookkeeping, QuickBooks, Start-up

Business start up – bookkeeping basics

Business start up – bookkeeping basics When people start up in business they are usually motivated by the possibility of making money out of a good idea. A few may be in business as a hobby or for philanthropic reasons but let’s face it, why would you go to the lengths required if there is […]

June 27, 2014February 13, 2015Accounts, QuickBooks, Start-up

Get started with QuickBooks

Get Started with QuickBooks You’ve bought QuickBooks desktop and you need to get started? We give you the most important steps to take to make sure you get started with QuickBooks Pro or Premier correctly. You can download a pdf of this advice here Key to the success of using any accounting software is […]

June 11, 2014February 13, 2015QuickBooks

QuickBooks Enterprise Solutions RIP

QuickBooks Enterprise Solutions RIP Intuit UK have announced that QuickBooks Enterprise Solutions will be discontinued as of 1 August 2014. One presumes that there simply have not been enough sales of this product historically in the UK to warrant its continued update and support. What will that mean in practice? Enterprise Solutions is aimed at […]

Category: QuickBooks