Question 1

What does a bookkeeper do?

Accepted Answer

Broadly speaking, a bookkeeper collects, organizes, and categorizes your business’s day-to-day financial transactions. This is usually performed using software such as Quickbooks Online. Bookkeepers maintain financial records for accuracy, reconcile bank accounts, and produce financial reports. Bookkeepers can also process payroll, prepare and submit invoices, and pay bills. Message me to discuss what I can do for you.

Question 2

What is a journal entry?

Accepted Answer

A journal entry is any financial transaction on the books of a business. For example, this could be an expense, invoice, or bill. It could also be an entry not tied to a bank or credit card statement (called a Journal Entry in Quickbooks online), such as accumulated depreciation or owner’s investment. Whenever possible, one of Quickbooks' regular transaction types should be used (Invoice, Sales Receipt, Expense, Bill, etc). If no other transaction type works, then a Journal Entry can be used.

Question 3

Can I delete a transaction in Quickbooks Online?

Accepted Answer

Yes, although this should be considered a last resort. The question we will need to address is, Why do we have an extra transaction on the books? Duplicate transactions can often be matched or merged. We may need to discuss workflow changes that will eliminate duplicate transactions showing up in your file.

FAQs

What does a bookkeeper do?

What is a journal entry?

Can I delete a transaction in Quickbooks Online?

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