In this blog post, we will guide you through the process of creating a budgeted income statement for the year 2023 using Xero accounting software. To do this, we’ll first export the necessary data into Excel and then modify it to suit our needs. Let’s get started! (more…)
Posts in the Bob Steele CPA category:
Adjusting Entry Depreciation 10380 QuickBooks Online 2023
Welcome back to our QuickBooks Online 2023 journey! In this blog post, we’ll be discussing adjusting entry depreciation and how to handle fixed assets in your QuickBooks file. As we dive into this topic, keep in mind that the process for handling fixed assets involves some complexities, including tax consequences. We’ll explore the importance of accurate bookkeeping and working with tax professionals to ensure smooth financial management.
Create Invoices Using Billable Time Receive Payment & Make Deposit 8322 QuickBooks Online 2023
Welcome back to our QuickBooks Online journey in 2023! In our previous session, we entered billable time for our guitar instructors. Now, it’s time to invoice our customers for the lessons provided and learn how to receive payments. Let’s dive in!
Adjusting Entry Unearned Revenue Customer Deposit 10400 QuickBooks Online 2023
In this blog post, we will explore the process of handling earned revenue customer deposits in QuickBooks Online 2023. We’ll walk through the necessary steps within QuickBooks Online to make adjusting entries for unearned revenue, specifically focusing on customer deposits. By understanding this process, you’ll be prepared to handle similar situations where you receive payment before providing goods or services.
Advanced Customer Payment or Unearned Revenue Method 1 8140 QuickBooks Online 2023
Welcome to the QuickBooks Online 2023 tutorial on advanced customer payments or unearned revenue method. In this blog post, we will explore how to handle situations where you receive payment from customers before providing the goods or services. This is commonly seen in subscription-based models or when a deposit is required. We will discuss the appropriate accounting treatment using QuickBooks Online and understand how to track these advanced payments efficiently. Let’s dive in!
Short Term Investment Sales & Gains 8040 Xero 2022 -2023
Welcome to Xero 2023, where we’re revolutionizing the way you manage your accounting and financials. In this blog post, we’ll explore some of the exciting features and strategies related to short-term investments. Get ready to become an accountant hero with Xero!
Record Investment 7040 Xero 2022 -2023
In Xero accounting software 2023, you can easily record short-term investments to keep your financial records organized. Let’s walk through the process step by step.
Receive Payment Or Deposit From Invoice 7120 Xero 2022 -2023
Welcome to the exciting world of Xero accounting software! In this blog, we will delve into the process of receiving payment deposits from invoices using Xero’s powerful features. By mastering this aspect of Xero, you can elevate your accounting skills and become an accounting hero in 2023. So let’s get started!
Enter Purchase Order P.O. 7060 Xero 2022 -2023
Welcome to the world of Xero Accounting Software 2023, where you can unleash your accounting hero powers. In this blog post, we will explore the process of entering purchase orders, also known as POS, using Xero. Whether you’re a business owner, accountant, or aspiring financial wizard, this guide will help you navigate the purchase order functionality in Xero and empower you to manage your inventory effectively.
Projects Set Up 7260 Xero 2022 -2023
Welcome to our guide on setting up projects in Xero accounting software for the year 2023. In this tutorial, we will walk you through the process of getting started with projects in Xero, enabling you to become an accountant hero. By effectively utilizing the projects feature, you can streamline your project management and enhance your financial reporting capabilities. Let’s dive in!