November 11th, 2009 . . . .
Categorized under: Quickbooks Advice

Entering Paper Receipts Quickbooks 2008?? 10 Pts

i am trying to enter all my receipts that i have that are “cash” receipts. like my gas, food, hardware and so forth. but i dont know exactly how to do it. can someone explain step by step how to do it. i have like MILLION receipts.
thank you!
10 pts for person to help the best!

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Comments

  1. ask my husband


    mrsh
    November 11th, 2009

  2. If you paid for all the expenses out of your pocket and need to record them as business expenses:
    Setup a new “bank” type of account called something like “Business Expenses Paid Personally”
    Use the Write Check window to enter each receipt. Use the new “bank” account at the top. Let the “checks” number themselves; 1,2,3, etc Put the original receipt date in the date field. Leave the Payee blank and enter the name of the receipt on the Memo line (unless the receipt is from a vendor that you DO want to setup and track). Enter your expense account.
    Once everything is entered; go to the Chart of Accounts and edit the “bank” type account you setup to make it either:
    an Equity or Liability type account (talk to your tax man about how he wants to see your initial startup capital).


    Jodi Coppens
    November 13th, 2009

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