Tag: quickbooks certified bookkeeper

Recording of pre-opening costs

Recording pre-opening costs in QuickBooks involves creating journal entries to account for expenses incurred before a business or project’s official opening. Here’s how to do it: Step 1: Create a

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Payment of travel expenses

To record the payment of travel expenses in QuickBooks, you can create an expense transaction. Here’s how to do it: Step 1: Access the “Expense” Option: Go to the QuickBooks

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Receipt of grant funding

To record the receipt of grant funding in QuickBooks, you typically create a deposit and allocate the funds to the appropriate income or liability account, depending on the nature of

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Purchase of a competitor

Purchasing a competitor in QuickBooks involves several complex accounting transactions, as it includes the consolidation of financial statements and the allocation of the purchase price to the assets and liabilities

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