Tag: quickbooks certified bookkeeper

Recording of bad debt expense

Recording bad debt expenses in QuickBooks involves creating a journal entry or using the “Receive Payments” function. The specific method depends on whether the bad debt is associated with a

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Payment of royalties

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

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Borrowing money from a partner

Borrowing money from a partner in QuickBooks involves recording a loan transaction. To accurately record this, you should follow these steps: Step 1: Create a Loan Agreement: Before recording the

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