As you mentioned, an S-Corp owner is probably taking a salary and distributions. You showed us to set the owner up as a vendor for the equity distribution. I assume the owner is set up a 2nd time as an employee for the W2 portion?? Thanks! Joe.

@clara I am in EO and we LOVE Greg and Simple Numbers! I'd love to connect and talk EO!

THANKYOU SO MUCHHH

por favor has videos en espanol tamben, gracias. habla mas despacio en tus vidoes en ingles porfavor

Your videos have been very helpful. Thank you Hannah.

Can I pay all at once online?

This program Is a nightmare- not even the tutorials match the menus I see in my computer 😡😡🤬😡🤬😡🤬

Great video, thank you!🙏🏽

❤

thanks🙂

What the heck Clara?! This whole time?!

A very helpful and easy-to-use software

Clara you are awesome, I love your teaching style.

Thanks Clara

I am a non for profit organization and will like to know how to set up my account for receiving Donation and issued Tax Receipt to donor.

Hannah… I always love your content! Clay

For an S Corp owner that has dual roles. 100% Shareholder and Employee. Is there a limited amount of draws they can take from profits per year? Will a high amount of draws flag them to pay taxes on that? I know someone that takes a larger amount of shareholder distributions than wages per month. Thank you so much!!!

Thank you, the spreadsheet worked perfect! Just what I was looking for.

You do such a great job, you learn, we all learn ;) Thank you for everything.

Thank you Clara, you are awesome!!

Hi haw can i record income revenue please i need more detail

Super session!

Could you please create a video detailing the entire process of what to do when you have a client for the first time as a bookkeeper? Include the initial steps, the do's, and the don'ts. We would really appreciate it! Btw, thanks for your video we really appreciate it. Very informative and helpful.

First of all, thank you so much for sharing. This is exactly I was looking for. I am new to QuickBooks and started learning. This is the first time I watched a video on this channel and loved it. You got a new subscriber 😊 Just wanted to check the process to handle below scenarios in QBO. Sorry, if you already shared below in any of your videos and I missed. 1. How to categorise a payment transaction which is paid for service and includes recoverable tax as well. 2. How to record deferred income and prepaid expenses (I know the accounting treatment, but not sure if there is any functionality in QBO to handle this efficiently) Once again thank you so much for great video. Your guidance is really helpful.

Just as quick advice - structure your videos a bit better. Your explanations are good, but on a few occasions you go back and forth between different ideas, e.g., whether you want to be paid back by the business or your want to give that money as an owner's contribution/draw.

Great video. I would have loved for you to have shown the last portion where you only explained that when the check to yourself transaction shows from your auto bank feed, you will then reflect that against the payable account (Amount due to Owner). I assume this would be another journal entry where you debit the business bank account with the amount of the check and credit the Amount due to Owner account.

Mirror the video before posting next time so the person watching will be able to read it.

How can you allocate credit card charges to different projects or, for a non-profit, different grants?

This was so helpful! You have helped me realize we need a buisness line of credit rather than a loan. Thank you for your simple explanations! You've convinced me to subscribe.

If there are penalties and interest charges for late filings (particularly on federal income tax) should/can the business reimburse the owner and take that portion as an expense? Or does that become the responsibility of the owner?

Can you please provide insight into how to analyze the owners equity section to determine how much money the owner can take out of the business both from a current year and from prior year perspective? Should owners be taking draws every year? Would love to hear you speak on this

Clara, I have a question on the subject of meals. In this case, the company donates bread to its employees every day, could this donation be 100% counted?

Just had this question when I do CC transactions, so helpful for me!

How is this number different for e-commerce based businesses? Or do you do a different calculation? Thank you so much for your videos. You're a blessing.

Thank you what a great video.

Thank you

Why bother using the bank feeds for matching if I have already entered the transactions into QuickBooks? Seems like an extra step for no reason? I could see using it to add transactions the business didn't record yet, but I usually just add anything missing in the accounts during the monthly reconciliation.

Hi Hanna - What if you need to deposit cash, how can you do that?

Just bought the book. Thanks for the recommendation

thank you for this video. I am an interior designer and when I was using Quickbooks desktop I was able to seperate rooms on every estimate. Do you know how to do this step for the online quickbooks?

I'm familiar with this product: excellent choice and great video. Thank you! :)

This is an exceptional tutorial for a small business learning how to properly manage and keep books! Thank you!

Hi, One of my customers paid for an invoice as follows: - Invoice amount $1,000 - Payment received for $925 the difference of $75 is as follows; - $70 withholding taxes deductions - $5 Bank charges How the best way to register in QB and close the invoice? Thank you in advance

10 years ago I paid $300 dollars for three years of Quickbooks. Now, it's $100 a month. That's a 12X cost increase. Not a penny of that money was put into customer service.

I'm an interior designer and this was super helpful! Really glad I found your channel.

Thanks for this information.

Where do I add inventory & adjust inventory?

this video is very helpful and it build my confidence in doing bookkeeping in QBO. thanks a lot.

Very helpful info!

Hi Clara I am also following your videos very well and loved 😍. Please try to include us in South Africa where we have different entity types than the one you refer. 😢