Keep What You Earn The Best Ways to Customize Your QuickBooks
So many accountants have a love hate relationship with QuickBooks! You'd think they'd love it; it's so common, it's widely utilized, and it makes bookkeeping easier, right? Sort of...
There always seem to be hiccups and things that can slow us down along the way but it all depends on how your account is set up!
What do you need to see on a regular basis in terms of metrics and measurements? I recommend you divide your accounts so that you can see information more clearly. If you have a lot of contract labor costs, you can divide it into advertising, consulting, etc. to see where your money is actually going.
You can also divide income reporting! Instead of just using the general sales category QuickBooks provides, you may want categories like coaching, courses, or consulting. When you do this you can get a better idea of where your money is coming from and where you want to put your attention and energy.
* Related episodes:
213. Creating a Cost-effective Agency Model with Paul Seaton
217. Designing Systems to Scale with Ernesto Mandowsky
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.