Quicken Essentials

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Permalink Reply by John Huddleston on November 8, 2011 at 3:03pm

Thank you Mark for you're thorough review of the Webcast.  We'll consider your suggestions.  To answer your QB question, at the customer center, click "New Transactions" then "Receive Payments".  Enter the $125 payment as always but then you can also click "Discount & Credits".  You can then record the $25 write off.  I use an income account called "Bad Debt".  This is how you handle it on a PC anyway.  For owners contributions and distributions, I would create an equity account called Contributions/Distributions.  Whether the money goes in or comes out, use this account.

 

We do send out a pdf of the slides by email after the presentation.  Perhaps you meant something different for the handout?

 

John

 

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Permalink Reply by Mark Crowley on November 8, 2011 at 3:11pm

Yes... I was thinking something different on the handout... e.g. she talked about memorizing reports, so perhaps a list of often used reports, standard documents that would be prepared for the accountant (after three tax returns, I am still mystified by what my accountant looks at to prepare my return....), Maybe a single page for each major topic point. (difference between accrual and cash basis accounting, typical accounts that most businesses would be used, etc).

The slides she prepared are very nice, very thorough... but do not really give me much to refer back to 

Thank you for the prompt response.  I am impressed (I did not expect an answer at all).

~Mark

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