Invoicing

QuickBooks Online (QBO) is an easy-to-use cloud-based accounting software designed to help businesses manage their financial transactions, including invoicing and payments. If you’ve received a payment from a customer, marking the invoice as paid is essential for accurate bookkeeping. This guide will walk you through the process of marking an invoice as paid in QuickBooks…

QuickBooks Desktop is one of the most widely used accounting software solutions for small to mid-sized businesses. One of the key tasks within QuickBooks Desktop is managing invoices and marking them as paid when you receive payments. This ensures your records are up-to-date, and your accounts reflect the correct outstanding balances.  This article will show…

Zoho Books is a cloud-based accounting software that helps businesses manage their finances, including creating invoices, tracking expenses, and generating reports. One of the key tasks within Zoho Books is marking invoices as paid when you receive payments from your customers.  In this article,  we will show you how to mark invoices as Paid in…

To void an invoice in Sage 50 (previously known as Peachtree), you need to follow certain steps to make sure the transaction is reversed correctly and that your financial records remain accurate. Step 1: Open Sage 50 and Access Your Company Data Step 2: Locate the Invoice Step 3: Open the Invoice to Void Step…

In QuickBooks, deleting an invoice and voiding an invoice are two different actions, each having its own impact on your records. Here’s a detailed breakdown of the differences between them: 1. Impact on Financial Records: 2. Audit Trail and Reporting: 3. Reversing a Voided Invoice vs. a Deleted Invoice: 4. Usage and Best Practices: 5….

Step 1: Open QuickBooks Desktop Step 2: Navigate to the “Create Invoices” Section Step 3: Find the Invoice You Want to Delete Step 4: Open the Invoice Step 5: Delete the Invoice Step 6: Confirm the Deletion Step 7: Check the Invoice Is Deleted Deleting an invoice will remove any revenue and taxes associated with…

Voiding an invoice in QuickBooks Desktop is a straightforward process, but it’s important to follow the correct steps to ensure your accounting records remain accurate. Here’s a step-by-step guide on how to void an invoice in QuickBooks Desktop: Step 1: Open QuickBooks Desktop Step 2: Find the Invoice You Want to Void Step 3: Open…

Using General Ledger (GL) codes in QuickBooks Desktop ensures that your financial transactions are recorded in the correct accounts, enabling accurate financial reporting. Once you’ve set up your Chart of Accounts with specific GL codes, you’ll need to assign them to transactions such as invoices, bills, journal entries, and bank deposits. Here’s how you can…

Setting up General Ledger Setting up General Ledger (GL) codes in QuickBooks Desktop involves configuring your Chart of Account. Chart of Accounts This is where you define the accounts used for your business’s financial transactions, and each GL code corresponds to a specific account. Here’s a step-by-step guide on how to set up General Ledger…

Setting up General Ledger (GL) codes in Sage Desktop involves creating and configuring a chart of accounts, where each GL code corresponds to a specific account used for tracking financial transactions. Sage provides tools to define these codes codes for accurate bookkeeping and financial reporting. Here’s a step-by-step guide on how to set up General…