When you create the fixed assets, is it a good idea to create and name each depreciation expense? For instance, in the examples that you gave, could you have the depreciation expense written as, Depreciation expense: Computers and Depreciation expense: Truck? That way the income statement will post each depreciation expense separately, Instead of having an overall depreciation expense that combines both items.
Hi Hector, Thanks for your videos, they have been so helpful. We have a construction company and I'm struggling with the chart of accounts and how to keep track of costs on specific jobs. ie: Smith Job, Labor. or Johnson Job, Labor. Etc. My husband does a lot of the same types of things, but I would like to track them to their specific jobs so I can keep track of our profit and loss for each job. Does that make sense? What would you suggest? Sub-accounts? Thanks!!
Hector love the videos...I am new to quickbooks. Hubby just started his own general contractor, LLC business and I am the lucky one to do the books. I am trying to get the list of accounts and chart of accounts you have for construction. I need to purchase those and know how to load those into quickbooks. Please help.
Hi Hector - Question if you are just starting to track for current year - and loan statement closest to end of year 12/7 had a payment before the new year - how do you handle this? Thanks!!
I really like your videos (and this one is very helpful), but I'm a little confused. Maybe I missed it, but why do you have "delete" and I only have "Make Inactive" as an option in the drop down? I want to delete accounts that populated by default, but it seems that delete isn't an option in my interface. Thanks for making these videos, I appreciate it!
I am starting my new LLC business, and I am not sure how to manage a Loan from my to my LLC. I am transfering money from other business accout to this new LLC.
Hi Hector I ave a question let me try to explain I have to pay by wire but i have to go to the some bank to buy de Usa Dollar Or Euro i pay to them and they paid to Ascendfx Captl .the quiestion is Wihc type and detail type and category i have to use
Hi Hector, I manually add a chart of accounts and this video really help me a lot but I have a question and I hope you can help me. My client's Quickbooks online doesn't have the bank under the category type. Can you help me with this? Big thanks!
Hector I like your videos but wanted to let you know that you have several typos on your website. The work US instead of use and rare instead of rate. Might want to have someone QC your site. Wasn't sure how to get this info to you fast...
Here are the ones I found while reading your pages yesterday. Let me know if you need anything else.Because this is hard to do before a complete diagnosis and value conversation, there is a default rate Hector resorts to, which is $350 per hour. Normally on VERY short term projects, that rare is close - here services/pricing page and for the contact page there are several - We will most likely use if we are working remotely on your computer. Shouldn't IT be before IF ? For larger/complex projects, Hector or someone for his office will contact you via phone. Should this read FROM his office not FOR ? If you request a RECORDED session, then we will us Zoom - this should read USE Zoom.
Hector ya vep que hablas espanol la cosa es simple yo voy a un banco pago canadiense y ellos me pagan el ascendfx captl por Wire , Como puedo clasificar en type y detail Type categoria que me dices
OMG Thank you for the informative video!!! You saved me close to 2-3hrs billing at $285per
Yeap!
As usual, excellent video! Simple and straightforward
thanks
When you create the fixed assets, is it a good idea to create and name each depreciation expense? For instance, in the examples that you gave, could you have the depreciation expense written as, Depreciation expense: Computers and Depreciation expense: Truck? That way the income statement will post each depreciation expense separately, Instead of having an overall depreciation expense that combines both items.
No.. a single Depreciation Account is fine
Hi Hector, Thanks for your videos, they have been so helpful. We have a construction company and I'm struggling with the chart of accounts and how to keep track of costs on specific jobs. ie: Smith Job, Labor. or Johnson Job, Labor. Etc. My husband does a lot of the same types of things, but I would like to track them to their specific jobs so I can keep track of our profit and loss for each job. Does that make sense? What would you suggest? Sub-accounts? Thanks!!
It should be: Customer:Job
And the items of labor and materials would be in the item list....
Hector love the videos...I am new to quickbooks. Hubby just started his own general contractor, LLC business and I am the lucky one to do the books. I am trying to get the list of accounts and chart of accounts you have for construction. I need to purchase those and know how to load those into quickbooks.
Please help.
Hi Hector - Question if you are just starting to track for current year - and loan statement closest to end of year 12/7 had a payment before the new year - how do you handle this? Thanks!!
Fino!!! Hector saludos Like!!!! Vamos apoyarte brother
jaja.. gracias..
Great tutorial videos!
Dustin Stelly thanks..
Excellent Video! Now I have a question? Are those trucks or loans that you input under the companie's name or personal?
Company name
Thank you very much!
I really like your videos (and this one is very helpful), but I'm a little confused. Maybe I missed it, but why do you have "delete" and I only have "Make Inactive" as an option in the drop down? I want to delete accounts that populated by default, but it seems that delete isn't an option in my interface.
Thanks for making these videos, I appreciate it!
Intuit changed "Delete" to "Make Inactive" recently. (AFAIK, the behavior didn't change, just the wording.)
@@billwestland8057 Thank you Bill, I think this is what I found out as well. I really appreciate you taking the time to respond!
Hector, quick question.
Why did you not place your income accounts as sub categories of COGS?
Austin Kent that is not what I did.. point me to the timeline
Super ...but i cont understand english . I have little bit english . Please anybody send the hindi tutorial of quickbooks how use this Software plzz
Hey, is there any tutorial video on Ltd companies? Specifically, equity accounts for directors/shareholders?
Thanks
there are all for US companies
Hi Hector!!
Is there any way to upload chart of account with opening balane using csv or excel file?
Yes, if the account doesn’t exist, then you can import it work beginning balances
I am starting my new LLC business, and I am not sure how to manage a Loan from my to my LLC. I am transfering money from other business accout to this new LLC.
Create a Long Term Liability account called “Loan From Other LLC”. - replace “Other LLC” with the real name, and book the deposit into that account
Hi Hector I ave a question let me try to explain
I have to pay by wire but i have to go to the some bank to buy de Usa Dollar Or Euro i pay to them and they paid
to Ascendfx Captl .the quiestion is
Wihc type and detail type and category i have to use
Pino Lavarez Expense “International Wire Transfer Fees”
Hi Hector,
I manually add a chart of accounts and this video really help me a lot but I have a question and I hope you can help me. My client's Quickbooks online doesn't have the bank under the category type. Can you help me with this? Big thanks!
International QBO doesn’t say “bank” says something else..
Hector I like your videos but wanted to let you know that you have several typos on your website. The work US instead of use and rare instead of rate. Might want to have someone QC your site. Wasn't sure how to get this info to you fast...
Dina Heile which page?
Here are the ones I found while reading your pages yesterday. Let me know if you need anything else.Because this is hard to do before a complete diagnosis and value conversation, there is a default rate Hector resorts to, which is $350 per hour. Normally on VERY short term projects, that rare is close - here services/pricing page and for the contact page there are several - We will most likely use if we are working remotely on your computer. Shouldn't IT be before IF ? For larger/complex projects, Hector or someone for his office will contact you via phone. Should this read FROM his office not FOR ? If you request a RECORDED session, then we will us Zoom - this should read USE Zoom.
Thanks... let me check it out, I don’t know which page that is, but that is the language that sounds like something I would write, LOL
Are you using Camtasia for this?
I use screenflow
Hector ya vep que hablas espanol la cosa es simple yo voy a un banco pago canadiense y ellos me pagan el ascendfx captl por
Wire , Como puedo clasificar en type y detail Type categoria que me dices
Hello, does anyone know how to put an opening balance for Expense account?
Opening balances are only for the Balance Sheet accounts, not Income Statement accounts
Why don't I have the option to depreciate my asset?
I noticed that too....looks like they had it and then deleted that option.
you forgot the p in equipment
Great tutorial, terrible typing skills! :))
That’s me..