So glad it helped you. Have an amazing day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Thank you so much for the nice compliment Nyle! Have an amazing day! Ednalyn ~ Team Candus P.S.If you would like more QB tips find Candus at ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer/
Oh my gosh, thank you so much! We love hearing this. 🙏🏻 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
We are a farm. And our sell of grain checks we deposit straight to our line of credit. So how do I apply that payment since it's not coming from our checking account. And also how do I show that was income?
Hi Courtney, If you’re looking for more specific training, I would recommend checking out our special workshop 🥳 You can click here to save your seat: canduskampfer.com/workshop If you're looking for more training before then, I have included a video that shows you how to search for all of our free resources: canduskampfer.com/how-to-find-the-video-you-need/ Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
Thank you. I switched to QBO and linked my LOC to my bank. QBO set it up as a credit card. It works fine but it's annoying that it's not set up as "Other Liability". But essentially it's the same thing I suppose.
Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. The best possible way for you to receive support from Candus is to register for and attend her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Thank you, you're a major stress reducer. My bookkeeping needs are simple and I'm still using QB Pro 2000. Told you my needs are simple. I needed to setup a HELOC and had no clue, but you got me lined out in under 5 minutes.
Hi ffellini, Thanks for your question, I've added it to our list. Once a month, Candus picks the top 10 questions and answers them Live on her FB page. If you haven't subscribed to Candus's Tips & Tricks yet, here is the link to join: canduskampfer.com/tips we'll send a reminder for her next Live top 10 answers. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/ Thank you for being part of Candus' community! Elaine - Team Candus P.S. If you need help with QuickBooks, join her Getting Started with QuickBooks workshop, here is the link to save your seat: canduskampfer.com/getting-started/
Yay! Glad it helped you 🙂 If you would like to follow her, click the links below ↓ *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer Have an amazing day! Elaine - Team Candus
Candice, I think people will need to do something like this with a PPP Loan, then make entries for the forgivness so the can track the forgiven balance, Would love to know your thoughts
Glad it was helpful James! Have an amazing day, Ednalyn ~ Team Candus P.S. We’d love to connect with you find us at ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
Thank you Bobby! Glad you enjoyed it. ~Kindra/Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
Tim, Thank you for reaching out to us! Due to the large volume of comments and emails, we receive daily, Candus isn’t able to respond to all of them any longer. We will add your question to our future tip requests. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips Have an amazing day! Elaine Team Candus
I noticed someone else had already asked the same question as me but could not find the answer. How would you record a draw fee or interest on your first draw off the line of credit?
Hi Caryn, Thanks for your question, I've added it to our list. Candus uses the list to create future tips and tricks. Don’t forget to join the weekly tips and tricks to be notified when questions are answered. canduskampfer.com/tips Have an amazing day! Elaine - Team Candus P.S. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
Can you do video on setting up inventory on quickbooks? I have product inventory but never used the auto cgs at year end, I do it manually. Not sure why i'm so afraid to let qb do the work !
Hi Shai, Thanks for your suggestion, I've added it to our list. Candus uses the list to create future tips and tricks. Don’t forget to join the weekly tips and tricks to be notified when questions are answered. canduskampfer.com/tips Have an amazing day! Elaine - Team Candus P.S. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
Hello Candus. I tend to make lump sum payments to my line of credit. I like to pay with cash, and make deposits at bank machines directly to my LOC. (easier during covid) -I record the deposits I make, but I haven't yet recorded any interest on those lump sums in Quickbooks. How would I go about doing that? Thanks Again!
Hi Joanna Candus uses questions sent in from our community to create new tips and tricks videos each month. I’ll add your question to our list of topics for future videos. Have an amazing day, Ednalyn ~ Team Candus P.S. We’d love to connect with you find us at ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
Hi Habib, Thank you for reaching out to us. I will add your question to our list. Candus uses the questions that are submitted to create new QuickBooks tips each month. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips. Have an amazing day! Elaine -Team Candus P.S. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
Candus, as opposed to a new LOC & creating a deposit from bank, what if the company does have an existing LOC balance with an unknown archived date by the time we're setting it up in QBKS... how is the prior /opening balance posted?
Hi Angela, Thanks for your question, I've added it to our list. Once a month, Candus picks the top 10 questions and answers them Live on her FB page. If you haven't subscribed to Candus's Tips & Tricks yet, here is the link to join: canduskampfer.com/tips we'll send a reminder for her next Live top 10 answers. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/ Thank you for being part of Candus' community! Elaine - Team Candus P.S. If you need help with QuickBooks, join her Getting Started with QuickBooks workshop, here is the link to save your seat: canduskampfer.com/getting-started/
You're welcome Glenn! We're happy it helped you Have an amazing day! Ednalyn ~ Team Candus P.S. You can follow her if you would click the links down below ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer/
Suzanne, Thank you for reaching out to us! Due to the large volume of comments and emails, we receive daily, Candus isn’t able to respond to all of them any longer. We will add your question to our future tip requests. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips Have an amazing day! Elaine Team Candus
Hi Daisy, I'll make sure your question is added to Candus' list of future Tips & Tricks ideas. If you'd like to make sure you get our weekly tips, you can join here: canduskampfer.com/weeklytips Have an amazing day🙂 Elaine Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
Jeff and April Blackwell, Thank you for reaching out to us! Due to the large volume of comments and emails, we receive daily, Candus isn’t able to respond to all of them any longer. We will add your question to our future tip requests. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips Have an amazing day! Elaine Team Candus
Hi Shai, Thanks for your question, I've added it to our list. Candus uses the list to create future tips and tricks. Don’t forget to join the weekly tips and tricks to be notified when questions are answered. canduskampfer.com/tips Have an amazing day! Elaine - Team Candus P.S. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
@@CandusKampfer It is not from a Credit Card, but from a Business Line of Credit. Cash was withdrawn by the owner, but not put back into our business operating account.
Hi Jon, Thanks for your question, I've added it to our list. Once a month, Candus picks the top 10 questions and answers them Live on her FB page. If you haven't subscribed to Candus's Tips & Tricks yet, here is the link to join: canduskampfer.com/tips we'll send a reminder for her next Live top 10 answers. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/ Thank you for being part of Candus' community! Elaine - Team Candus P.S. If you need help with QuickBooks, join her Getting Started with QuickBooks workshop, here is the link to save your seat: canduskampfer.com/getting-started/
![Kodak Black - Catch Fire [Official Music Video]](http://i.ytimg.com/vi/A4ch-olIuZo/mqdefault.jpg)
You are so easy to follow. Thanks so much!
So glad it helped you.
Have an amazing day!
Kindra ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
This should be in the QuickBooks Community. There isn't a single article for handling line of credit in QBDT there. This is super helpful! - 2021, Feb
Thank you so much for the nice compliment Nyle!
Have an amazing day!
Ednalyn ~ Team Candus
P.S.If you would like more QB tips find Candus at ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer/
Thank you for your help. Best video on this topic.
Oh my gosh, thank you so much! We love hearing this. 🙏🏻
If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have an amazing day!
Kindra ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
We are a farm. And our sell of grain checks we deposit straight to our line of credit. So how do I apply that payment since it's not coming from our checking account. And also how do I show that was income?
Hi Courtney,
If you’re looking for more specific training, I would recommend checking out our special workshop 🥳 You can click here to save your seat: canduskampfer.com/workshop
If you're looking for more training before then, I have included a video that shows you how to search for all of our free resources:
canduskampfer.com/how-to-find-the-video-you-need/
Have a great day!
Ireland
Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Thank you. I switched to QBO and linked my LOC to my bank. QBO set it up as a credit card. It works fine but it's annoying that it's not set up as "Other Liability". But essentially it's the same thing I suppose.
Thank you for watching our videos 😊
I will add your question to the list Candus uses to create new QuickBooks tips each month.
The best possible way for you to receive support from Candus is to register for and attend her workshop.
Here is the link to register to attend: canduskampfer.com/workshop
Have a great day!
Ednalyn ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
Thank you, you're a major stress reducer. My bookkeeping needs are simple and I'm still using QB Pro 2000. Told you my needs are simple. I needed to setup a HELOC and had no clue, but you got me lined out in under 5 minutes.
Hi ffellini,
Thanks for your question, I've added it to our list. Once a month, Candus picks the top 10 questions and answers them Live on her FB page.
If you haven't subscribed to Candus's Tips & Tricks yet, here is the link to join: canduskampfer.com/tips we'll send a reminder for her next Live top 10 answers.
If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
Thank you for being part of Candus' community!
Elaine - Team Candus
P.S. If you need help with QuickBooks, join her Getting Started with QuickBooks workshop, here is the link to save your seat: canduskampfer.com/getting-started/
thx helped so much with recording fundbox, kabbage & paypal working capital. It was a mess !!. Thx so Much !
Awesome! Glad it worked for you :)
Elaine - Team Candus
Very poignant and concise. Thank you again.
Yay! Glad it helped you 🙂
If you would like to follow her, click the links below ↓
*Facebook:* facebook.com/CandusKampfer/
*Instagram:* instagram.com/candus.kampfer
Have an amazing day!
Elaine - Team Candus
Your videos are amazing, thank you! I do have one question though:
How do you record principal disbursement?
As you borrow you increase the amount you owe. The line of credit will match what you’ve borrowed. Does that make sense?
Candice, I think people will need to do something like this with a PPP Loan, then make entries for the forgivness so the can track the forgiven balance, Would love to know your thoughts
Yes, you are right. I did create the training for tracking PPP loans as well. I recommend long term liability incase you don’t get it all forgiven.
This was very helpful! Thank you !
Glad it was helpful James!
Have an amazing day,
Ednalyn ~ Team Candus
P.S. We’d love to connect with you find us at ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
Good video!
Thank you Bobby! Glad you enjoyed it.
~Kindra/Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Hi Candus, You did not cover using the LOC to pay vendors. Is this any different than what you have outlined?
Tim,
Thank you for reaching out to us!
Due to the large volume of comments and emails, we receive daily, Candus isn’t able to respond to all of them any longer.
We will add your question to our future tip requests. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips
Have an amazing day!
Elaine
Team Candus
I noticed someone else had already asked the same question as me but could not find the answer. How would you record a draw fee or interest on your first draw off the line of credit?
Hi Caryn,
Thanks for your question, I've added it to our list. Candus uses the list to create future tips and tricks.
Don’t forget to join the weekly tips and tricks to be notified when questions are answered. canduskampfer.com/tips
Have an amazing day!
Elaine - Team Candus
P.S. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
Can you do video on setting up inventory on quickbooks? I have product inventory but never used the auto cgs at year end, I do it manually. Not sure why i'm so afraid to let qb do the work !
Hi Shai,
Thanks for your suggestion, I've added it to our list. Candus uses the list to create future tips and tricks.
Don’t forget to join the weekly tips and tricks to be notified when questions are answered. canduskampfer.com/tips
Have an amazing day!
Elaine - Team Candus
P.S. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
Hello Candus. I tend to make lump sum payments to my line of credit. I like to pay with cash, and make deposits at bank machines directly to my LOC. (easier during covid) -I record the deposits I make, but I haven't yet recorded any interest on those lump sums in Quickbooks. How would I go about doing that? Thanks Again!
Hi Joanna
Candus uses questions sent in from our community to create new tips and tricks videos each month. I’ll add your question to our list of topics for future videos.
Have an amazing day,
Ednalyn ~ Team Candus
P.S. We’d love to connect with you find us at ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
Please tell,
How will we write cheques to our vendors from Line of credit account when we will be using this account as a bank also.
Hi Habib,
Thank you for reaching out to us.
I will add your question to our list. Candus uses the questions that are submitted to create new QuickBooks tips each month. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips.
Have an amazing day!
Elaine -Team Candus
P.S. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
Candus, as opposed to a new LOC & creating a deposit from bank, what if the company does have an existing LOC balance with an unknown archived date by the time we're setting it up in QBKS... how is the prior /opening balance posted?
Hi Angela,
Thanks for your question, I've added it to our list. Once a month, Candus picks the top 10 questions and answers them Live on her FB page.
If you haven't subscribed to Candus's Tips & Tricks yet, here is the link to join: canduskampfer.com/tips we'll send a reminder for her next Live top 10 answers.
If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
Thank you for being part of Candus' community!
Elaine - Team Candus
P.S. If you need help with QuickBooks, join her Getting Started with QuickBooks workshop, here is the link to save your seat: canduskampfer.com/getting-started/
Thank you!
You're welcome 🙂
If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
Elaine - Team Candus
Thanks! Much appreciated!
You're welcome Glenn!
We're happy it helped you
Have an amazing day!
Ednalyn ~ Team Candus
P.S. You can follow her if you would click the links down below ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer/
I need to know the same thing, how do you record if you pay the vendor directly from the LOC?
Suzanne,
Thank you for reaching out to us!
Due to the large volume of comments and emails, we receive daily, Candus isn’t able to respond to all of them any longer.
We will add your question to our future tip requests. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips
Have an amazing day!
Elaine
Team Candus
How do i setup the interest payments on my line of credit
Hi Daisy,
I'll make sure your question is added to Candus' list of future Tips & Tricks ideas.
If you'd like to make sure you get our weekly tips, you can join here: canduskampfer.com/weeklytips
Have an amazing day🙂
Elaine
Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Thanks!! This really helped
Yay! Glad it helped you Ben!
Elaine
Team Candus
Hi Candus, this was very helpful. I also need to know how to record interest due on the Line of Credit account. Can you tell me how to do that?
Jeff and April Blackwell,
Thank you for reaching out to us!
Due to the large volume of comments and emails, we receive daily, Candus isn’t able to respond to all of them any longer. We will add your question to our future tip requests. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips
Have an amazing day!
Elaine
Team Candus
Jeff or April, Here is a how-to video for you: ruclips.net/video/IoK2Y34MT9o/видео.html
Candus
from @3:50 - @4:50 she explains how to record payments. @4:13 is where she addresses how to record interest on the LOC accout.
Also having issues correctly recording PayPal working Capital which gets netted form each of your PayPal sales ! Plz help !
Hi Shai,
Thanks for your question, I've added it to our list. Candus uses the list to create future tips and tricks.
Don’t forget to join the weekly tips and tricks to be notified when questions are answered. canduskampfer.com/tips
Have an amazing day!
Elaine - Team Candus
P.S. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
How do you classify an advance?
What type of advance? Is it a from a credit card?
Candus
@@CandusKampfer It is not from a Credit Card, but from a Business Line of Credit. Cash was withdrawn by the owner, but not put back into our business operating account.
How would you record a draw fee or interest on your first draw off the line of credit?
Hi Jon,
Thanks for your question, I've added it to our list. Once a month, Candus picks the top 10 questions and answers them Live on her FB page.
If you haven't subscribed to Candus's Tips & Tricks yet, here is the link to join: canduskampfer.com/tips we'll send a reminder for her next Live top 10 answers.
If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/
Thank you for being part of Candus' community!
Elaine - Team Candus
P.S. If you need help with QuickBooks, join her Getting Started with QuickBooks workshop, here is the link to save your seat: canduskampfer.com/getting-started/
Video wouldn't play :(
Edith I just tested it and it’s working.