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QuickBooks Online: Recording Income & Bank Deposits

  Рет қаралды 20,874

Hector Garcia CPA

Hector Garcia CPA

Күн бұрын

Пікірлер: 63
@user-pl6tg4ms5o
@user-pl6tg4ms5o Ай бұрын
Hector, so happy to have found you, you have cleared up some of my doubts. I thank you for your way teaching. Many blessings.
@HectorGarciaCPA
@HectorGarciaCPA Ай бұрын
Great
@rainedeleon937
@rainedeleon937 25 күн бұрын
I am also a doubter of myself when it comes to categorization and deciding things about transactions. But you make my bookkeeping life bearable and doable. Thank you, thank you.
@HectorGarciaCPA
@HectorGarciaCPA 24 күн бұрын
:) Glad its helpful
@belindabrown9680
@belindabrown9680 6 ай бұрын
I didn’t realize how many ways you can enter deposits in the QB online. Great 👍🏽 video
@HectorGarciaCPA
@HectorGarciaCPA 6 ай бұрын
Yes you can!
@harriettedawson7072
@harriettedawson7072 6 ай бұрын
Thank you for being very thorough Mr. Garcia. 😊
@HectorGarciaCPA
@HectorGarciaCPA 6 ай бұрын
My pleasure!
@GordonJohansen
@GordonJohansen 4 ай бұрын
This has been a great series as I get ready to switch from Desktop to Online. I can see that it has improved a lot over the last bunch of years. I still hate the fact that they now charge for each company or divisional set of books but all it means is that I will switch to Wave or use desktop without downloads for my minor operations. Desktop is just becoming unaffordable as a subscription. You have made me much more comfortable about the switch. Thank you. I just hope that the Canadian version works the same way.
@HectorGarciaCPA
@HectorGarciaCPA 4 ай бұрын
You welcome, very similar
@user-ov2qd4lq7e
@user-ov2qd4lq7e 5 ай бұрын
Great video! It's really helpful and does clarify me with some issues I was facing with during the bookkeeping! Thank you Mr. Garcia!
@HectorGarciaCPA
@HectorGarciaCPA 5 ай бұрын
Great
@lorip1435
@lorip1435 3 ай бұрын
This video is extremely helpful in so many ways. Thank you very much!!
@HectorGarciaCPA
@HectorGarciaCPA 3 ай бұрын
Thats the idea! Thanks
@LisaMitich
@LisaMitich 4 ай бұрын
I have a question...So do you need to manually record the deposits if your bank account is linked and automatically records all income and expenses? Or do i just need to categorize the transactions after they're automatically recorded. Also, if I deposit checks into the bank, do I need to record it in quickbooks or does it automatically record it? Thanks!
@HectorGarciaCPA
@HectorGarciaCPA 4 ай бұрын
It could be automatically set based on the bank feed using rules. Sometimes you enter by hand, and others you use bank feeds. Depends on the situation, in either case you need to understand how it works
@yashgamingsingh523
@yashgamingsingh523 5 ай бұрын
Thanks you very much Mr.Garcia and i have seen most of video and updated my self 💗💞💓
@HectorGarciaCPA
@HectorGarciaCPA 5 ай бұрын
Great
@beatricemoore644
@beatricemoore644 6 ай бұрын
Thanks, This is very informative. I can see where this will be helpful for me tracking income. I can actually think of a couple times I could have used this knowledge before- LOL.
@HectorGarciaCPA
@HectorGarciaCPA 6 ай бұрын
Now you know…
@chytealthedeal
@chytealthedeal 5 ай бұрын
How would I deal with Mobile Deposits and ATM deposits that show up automatically on the bank feed?
@HectorGarciaCPA
@HectorGarciaCPA 5 ай бұрын
Match them
@chytealthedeal
@chytealthedeal 5 ай бұрын
@@HectorGarciaCPA Easy thanks 🤪. I thought I would have to make a deposit for them or something.
@kloverend
@kloverend 4 ай бұрын
Without a sales receipt then I have seen that you can't track customers in the customer center. Is that incorrect? Maybe I am doing something wrong then?
@HectorGarciaCPA
@HectorGarciaCPA 4 ай бұрын
Deposits are not ideals for tracking sales by Customer
@olatunjiolusegunolumide7364
@olatunjiolusegunolumide7364 6 ай бұрын
Thanks Mr Garcia.
@HectorGarciaCPA
@HectorGarciaCPA 6 ай бұрын
:)
@amandamyers5478
@amandamyers5478 5 ай бұрын
Love it! I think I could up my Short Term Rental bookkeeping now - do you have video's that pertain to Airbnb/VRBO etc?
@HectorGarciaCPA
@HectorGarciaCPA 5 ай бұрын
I dont
@psanimes499
@psanimes499 4 ай бұрын
Such a great video, can I ask how to categorize a bounced check of a customer that I recorded a received payment through account receivables? TIA for answering
@HectorGarciaCPA
@HectorGarciaCPA 4 ай бұрын
Send it back to Accounts receivables
@faithgift8320
@faithgift8320 27 күн бұрын
Hello Hector thanks for this i have a question how do you deal with payments that the business owner has made through his personal money /account
@HectorGarciaCPA
@HectorGarciaCPA 27 күн бұрын
This video QuickBooks Online: Unapplied cash payment income / expense (Cash vs. Accrual) kzfaq.info/get/bejne/eryme9Nk1tq7nGQ.html
@faithgift8320
@faithgift8320 27 күн бұрын
@@HectorGarciaCPA thanks
@yshangot1009
@yshangot1009 3 ай бұрын
Hello Hector, can you also make a video about clearing undeposited funds? There are square deposits that are still sitting on my undeposited funds but reconciled in the bank register already. I think there are duplicate deposits happen or the deposit from the banking screen was added and not matched to the sales receipt recorded in QuickBooks. Can you help me fix it? or can you make a tutorial video about it? That would be awesome if you do. Thank you !
@HectorGarciaCPA
@HectorGarciaCPA 3 ай бұрын
Not in the plans to make such a video
@MuhammadShahid-ur1hs
@MuhammadShahid-ur1hs Ай бұрын
great tutorial. thanks...
@HectorGarciaCPA
@HectorGarciaCPA Ай бұрын
:)
@claytoncraft-i2z
@claytoncraft-i2z 21 күн бұрын
I would like video on inputing POS to sale receipt
@HectorGarciaCPA
@HectorGarciaCPA 21 күн бұрын
Interesting, next time a have a client with a good example, ill do it
@bangelb3
@bangelb3 2 ай бұрын
Hola Héctor, gracias por tus videos, son de gran ayuda. Tengo una pregunta, por ejemplo: Recibo un depósito de $200 de un cliente el cual está pagando $150 por mi servicio y los $50 restante son el pago de un servicio prestado por un 3ro, es decir esos $50 no son Income de mi compañía, como debería manejar esto? Se que lo ideal seria que esta persona pagara directamente a esta otra compañía, pero no fue posible, en su lugar mi compañía sirvió de intermediario y pago ese servicio. Gracias de Antemano.
@HectorGarciaCPA
@HectorGarciaCPA 2 ай бұрын
Ponlo como income.. y despues el pago al Tercero como income tambien, se netea
@benbanafo3790
@benbanafo3790 Ай бұрын
Thank you
@HectorGarciaCPA
@HectorGarciaCPA Ай бұрын
:)
@mochehrzad9077
@mochehrzad9077 4 ай бұрын
I would like to see these videos for QB desktop, if it is possible. Thanks
@HectorGarciaCPA
@HectorGarciaCPA 4 ай бұрын
Not doing any new QB Desktop videos
@justme97
@justme97 2 ай бұрын
What if the deposit includes sales tax??
@HectorGarciaCPA
@HectorGarciaCPA 2 ай бұрын
You need to create an invoice or sales receipt to account for sales tax properly
@wendymahon9242
@wendymahon9242 4 ай бұрын
how do you sort out duplicate invoices after reconcilliation
@HectorGarciaCPA
@HectorGarciaCPA 4 ай бұрын
Delete the duplicate
@wendymahon9242
@wendymahon9242 4 ай бұрын
If I do that will it knock my reconcillation out. I have already reconcilled. I have only done Jan and Feb reconcillation. Is there a way I can start from Jan again. One duplicate is in Jan and Two in Feb. I put them in as bills them stupidly added them from the bank feed. @@HectorGarciaCPA
@junaidahmed4424
@junaidahmed4424 6 ай бұрын
Thanks for sharing this valuebale content
@HectorGarciaCPA
@HectorGarciaCPA 6 ай бұрын
My pleasure
@ishkabibble-oj1oi
@ishkabibble-oj1oi 5 ай бұрын
Im starting a business but all this is beyond rediculous. I'm finding it will be alot easier just to save receipts in a shoe box, deduct them from my deposits and whats left is my income. All this is time wasting semantics.
@HectorGarciaCPA
@HectorGarciaCPA 5 ай бұрын
as a startup, yeah it feels ridiculous vs. using a spreadsheet. But as your business grows, you will change your mind :)
@EmeRoseBautista
@EmeRoseBautista 3 ай бұрын
Hi @ishkabibble if you are in need of someone who will manage your quickbooks, just let me know.
@terriholley4555
@terriholley4555 2 ай бұрын
Good luck when you go to file your business tax return 😊
@leannp4680
@leannp4680 2 ай бұрын
I'm cleaning up our books after a year and a half of not being organized and doing things the right way. I want to burn that shoe box of receipts! Working backwards is for dummies lol Learn to do it right the first time, you will either pay with time or money.
@user-uu7kc6vx3h
@user-uu7kc6vx3h 4 ай бұрын
Hello Hector..my name is Tim..can you tell me what you typically eat for dinner?
@HectorGarciaCPA
@HectorGarciaCPA 4 ай бұрын
Strange question
@user-uu7kc6vx3h
@user-uu7kc6vx3h 4 ай бұрын
@@HectorGarciaCPA Whats strange is I asked something direct and you didn't give me a direct answer, Hector. Now, what is your favorite food, sir?
@HectorGarciaCPA
@HectorGarciaCPA 4 ай бұрын
@@user-uu7kc6vx3h i try to answer questions related to the content of the Channel only. So, not going to engage in this question
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