August 10, 2024

by Stephanie Broom, Accounting Manager, Lucrum Consulting (lucrumconsulting.com) Switched to QuickBooks Online, dealing with a mess and wondering if you’d be betteroff temporarily going back to QuickBooks Desktop? You are not alone. In fact, the situation is becoming all too common in light of Intuit’s recentannouncement that it will be sunsetting QuickBooks Desktop. Many organizationshave

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April 30, 2024

As a small business owner you might need a small business loan to get you through a seasonal slow time, to fund a new product line, or to pay for equipment. While recording your loan and loan payments in QuickBooks Online isn’t difficult, there are certain steps you will need to take in order to

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June 12, 2020

Amazon Seller Central is a popular platform for selling products online. But bookkeeping for this platform presents some unique challenges. In this post, I’ll share best practices for how to record your revenue and expenses in QuickBooks Online.    (This information is for educational purposes only and does not constitute tax or legal advice. This

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April 8, 2020

Shopify is a popular platform for selling online. But bookkeeping for Shopify presents some unique challenges. The biggest issue is that customers can pay in a variety of ways, and those payment methods deposit to your bank differently and have different fees. So in this post, I’ll share best practices for how to record Shopify

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March 16, 2020

Running an Etsy shop is a meaningful business venture for many creatives. You get to share your creations with others and get paid. But for most Etsy shop owners, the most dreaded part of the job is bookkeeping. It’s even scarier than marketing and social media. That’s why I put together this Ultimate Guide to

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February 19, 2020

Blogging is a rewarding job. You get to impact others with your experience and expertise. But for most bloggers, the most dreaded part of the job is bookkeeping. It’s even scarier than tech. That’s why I put together this Ultimate Guide to Blog Bookkeeping. As an accountant, my superpower is taking the pain out of

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September 20, 2019

I love to use PayPal when I’m purchasing items online, but it can be a big pain when it comes to my bookkeeping! That’s why I created this QuickBooks tutorial to show you how to record PayPal transactions in QuickBooks Online.   As you know, I love using QuickBooks Online Simple Start for my bookkeeping.

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June 5, 2019

When setting up your small business bookkeeping for the first time, you must select a start date, the date on which you begin to bring your business financial transactions into your bookkeeping program. Many factors go into selecting the ideal start date for your small business bookkeeping. In our discussion we’ll be assuming you are

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November 16, 2018

In November 2018 Etsy created a new Etsy payment account and eliminated the separate Etsy bill. Now all Etsy fees are deducted from Etsy sales before the remaining money is deposited into your bank account. In light of these changes, the process for recording Etsy deposits and Etsy fees in QuickBooks Simple Start has changed.

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September 17, 2018

Your blog is growing! You are finally starting to see some blog revenue, and of course, you’ve had expenses for a while now. You know it’s time to get a handle on your blog bookkeeping, otherwise, you’ll have a mess come tax time. You have heard people talk about QuickBooks. Is QuickBooks right for your

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