Quick Books to the MAX!!!!

D

DJ Carroll

Member
The past couple of evenings over the past two weeks I have been entering in all of last years receipts, changing invoices over, setting up vendor and customer accounts, setting up loan and other bank accounts, and as i get closer to the end it becomes more tiring but it is also VERY VERY cool to be able to pull up reports and know my numbers right down to a tenth of a percent!!!

How many of you guys actually log EVERYTHING like this? I love it and wish i would have done it sooner. I am setting up a schedule and boxes that all receipts will go in and will be filed and entered in weekly . . . This is going to make budgeting ALOT easier this year!!!!

If you all don't do this I encourage everyone to!!!
 
I will be spending my time this next week doing so. It is a pain in the rear however if you don't want or have the $ to spend 150 a month to have all of your accounting done for you then this is a very good option. The questions come in when your depreciating equipment.
 
I watched the learn accounting video that came with simple start its about an hour and a half video but its alot of help . . .
Depreciation- In the video it said the easiest way to do depreciation is to figure out what you paid for the truck ie my truck was 9k now divide that by how many years you want to depreciate it 4 years for me so the depreciation is $2,250 so then just right a check to the expense account for depreciation for $2,250.00 . . .


What do you mean by job cost?
 
David O'Connell Jr said:
Are you setting up job costs as well DJ
Click to expand...

Some accounting programs let you set up "jobs" much like you would a customer or a vendor. This allows you to apply your expenses against the job and also apply your income to the job, thus allowing you to know how much you actually make on each job.
 
yes , kinda.

If you want a real PER JOB look then no. Profit Margin will be on all.
( unless you do a PM on each job, but then you'd already be doing the job costing )
 
I enter all receipts and invoices every few days or every week. I always try to run the report every two weeks, right after pay day. It's amazing what you learn from the numbers as opposed to how you think things are going. The numbers don't lie!
 
I just picked up Quick Books Pro myself...looking forward to being alot more organized this year.
 
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