Ida Peters

When it comes to tracking Amazon inventory in QuickBooks Online, what are the do’s and don’ts? Well, my short answer is that you do want to track the inventory costs in QuickBooks Online, but you don’t want to track all of the details of inventory in QuickBooks Online . To find out why that is not recommended and to learn what you should do instead, watch my video linked below or keep reading. Click on the linked video below to watch: Should you track Amazon inventory in QuickBooks Online? #1 – Don’t track inventory details in QuickBooks Online Why not? Well, the inventory functionality in QuickBooks Online is not meant for e-commerce sellers . It’s designed for businesses that invoice customers for inventory sales rather than selling directly through Amazon or other sales channels. Since it’s not really designed for eCommerce, QBO’s inventory feature doesn’t talk to your Amazon account. It pulls a huge amount of unneeded data and doesn’t update the right things in your boo

When it comes to tracking Amazon inventory in QuickBooks Online, what are the do’s and don’ts? Well, my short answer is that you do want to track the inventory costs in QuickBooks Online, but you don’t want to track all of the details of inventory in QuickBooks Online . To find out why that is not recommended and to learn what you should do instead, watch my video linked below or keep reading. Click on the linked video below to watch: Should you track Amazon inventory in QuickBooks Online? #1 – Don’t track inventory details in QuickBooks Online Why not? Well, the inventory functionality in QuickBooks Online is not meant for e-commerce sellers . It’s designed for businesses that invoice customers for inventory sales rather than selling directly through Amazon or other sales channels. Since it’s not really designed for eCommerce, QBO’s inventory feature doesn’t talk to your Amazon account. It pulls a huge amount of unneeded data and doesn’t update the right things in your boo

When it comes to tracking Amazon inventory in QuickBooks Online, what are the do’s and don’ts? Well, my short answer is that you do want to track the inventory costs in QuickBooks Online, but you don’t want to track all of the details of inventory in QuickBooks Online . To find out why that is not recommended and to learn what you should do instead, watch my video linked below or keep reading. Click on the linked video below to watch: Should you track Amazon inventory in QuickBooks Online? #1 – Don’t track inventory details in QuickBooks Online Why not? Well, the inventory functionality in QuickBooks Online is not meant for e-commerce sellers . It’s designed for businesses that invoice customers for inventory sales rather than selling directly through Amazon or other sales channels. Since it’s not really designed for eCommerce, QBO’s inventory feature doesn’t talk to your Amazon account. It pulls a huge amount of unneeded data and doesn’t update the right things in your boo

I get self-employment professional income reported on T4As from several different sources and although they are for work that is essentially similar, every

“Where’s my money?” Let’s face it: It’s a question you’ve likely asked yourself as a business owner, that you wish you didn’t have to. Because wondering why you haven’t been paid for your work is not only frustrating, it can derail future projects when the money you’re counting on isn’t there. But just because your […] The post New: Your Clients Can Now Conveniently Save Their Payment Info appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

“Working capital” refers to the funds that help you meet the daily expenses and needs of running your business,  such as payroll or paying for software, tools and supplies. This ratio is especially important to understand during a recession since it allows you to analyze your company’s financial health without bias. So where does this […] The post What is Your Working Capital Ratio and How Do You Calculate It? appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

When it comes to tracking Amazon inventory in QuickBooks Online, what are the do’s and don’ts? Well, my short answer is that you do want to track the inventory costs in QuickBooks Online, but you don’t want to track all of the details of inventory in QuickBooks Online . To find out why that is not recommended and to learn what you should do instead, watch my video linked below or keep reading. Click on the linked video below to watch: Should you track Amazon inventory in QuickBooks Online? #1 – Don’t track inventory details in QuickBooks Online Why not? Well, the inventory functionality in QuickBooks Online is not meant for e-commerce sellers . It’s designed for businesses that invoice customers for inventory sales rather than selling directly through Amazon or other sales channels. Since it’s not really designed for eCommerce, QBO’s inventory feature doesn’t talk to your Amazon account. It pulls a huge amount of unneeded data and doesn’t update the right things in your boo

A change in season brings with it new changes to FreshBooks. Here’s a look at all the new and improved features that launched in May. Accept Partial Payments on Invoices, Starting Today Do you have clients who prefer to pay in instalments? Or have clients that need to spread out their payments as they navigate […] The post New & Improved in FreshBooks: Partial Payments, Expenses on Projects, and More appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

According to Alignable, 85% of small business owners said they depend on word-of-mouth referrals to get more local clients. While there’s no denying how powerful referrals are for growing our income, many of us don’t go looking for them. Instead, we wait and think: “If I deliver great work for my clients, the referrals will […] The post Asking for Referrals: How to Do It the Right Way appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

Bookkeepers have the privilege of making tax season easier for their clients. But they also see how much stress this time of year can cause. And this year is a special case. Shutdowns due to the COVID-19 epidemic, and the accompanying recession, have put extra pressure on business owners. If the pandemic has you experiencing […] The post A Bookkeeper’s Guide to an Easier U.S. Tax Season appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

When you’re starting a small business, there are a lot of costs to consider. From the tools of your trade to marketing tools (like a website), software to technology, the costs can be overwhelming. Accounting software often isn’t on the priority list. Not to mention: A lot of this expenditure is required before you’ve even […] The post Starting Out? Don’t Overlook the Right Accounting Software appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

As a business owner, you know better than anyone how difficult it can be navigating COVID-19. It’s likely changed the way you interact with customers, the way you sell your product to customers, and even how you manage your business. You may even be finding that you need new ways of doing things, like tracking […] The post How to Use FreshBooks to Help Your Business Through COVID-19 appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

Imagine this—you land a dream project with a dream client. If you take it, this could be a gamechanger for your career. For a short time, you bask in the excitement an opportunity like this brings. But then it hits you. “This project is huge; how will I ever get the money to fund it?” […] The post Unlock Your Growth Potential with Working Capital [Free eBook] appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

Are you serious about becoming a confident, competent virtual bookkeeping professional? If the answer is yes, then you need to be willing to invest the time and money necessary to raise your skill level . Where can you get virtual bookkeeping training? Well, that’s what I want to discuss in this blog post. I recently put together a video on some virtual bookkeeping training options, and share what each option offers. The option that is right for you will depend on many factors. You can watch the video below or read on for a quick rundown . Click on the video linked below to watch: Where can you get virtual bookkeeping training? Some Virtual Bookkeeping Training Options Option 1: Accounting Coach Accounting Coach has been around for many years. There’s a ton of free training as well as $49 and $99 one-time paid options. What’s covered? You’ll learn all the foundational things you need to know to start building your bookkeeping or accounting skill set. What’s not covered? It

When you’re starting a small business, there are a lot of costs to consider. From the tools of your trade to marketing tools (like a website), software to technology, the costs can be overwhelming. Accounting software often isn’t on the priority list. Not to mention: A lot of this expenditure is required before you’ve even […] The post Starting Out? Don’t Overlook the Right Accounting Software appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .