In a very quick time, blogging has risen to prominence and become a very rewarding job. It gives an individual a chance to make use of his expertise and experience and bring about a very impactful change with his work. It requires concentration and consistency which therefore serves the reward in terms of quality of work. There is still one part of the job which could easily be termed as tiring and difficult. The job of bookkeeping for most bloggers is the most dreaded part which everyone prefers to do with great caution. It is sometimes referred to as more difficult than the tech part. We at MD bookkeeping doctor provide QuickBooks bookkeeping services and we have years of expertise to conduct the overall work with great precision and care. Let us move further and understand all about the ultimate guide to blog bookkeeping using QuickBooks online.
If I can eradicate the pain which someone experiences while bookkeeping then I could claim myself to be an accountant. The idea is to make the process of bookkeeping as easy as it could get. There are very easy points and processes that people need to consider and understand so the process of bookkeeping starts looking much simplified. It will also provide a chance to enjoy blogging rather than taking it as a dreadful work. There is a lot of Washington DC bookkeeping services providers which concentrate on making the work more simplified so it is easily understandably for all.
Also Read: Know How To Choose Right Quickbooks
Blog Bookkeeping With QuickBooks Online
Let us understand all the steps one by one which will give enough confidence to anyone to easily access and work on QuickBooks online.
1 Selecting the ideal start date for your QuickBooks bookkeeping
One has to figure out a firm start date for setting up the bookkeeping. So an individual can simply opt for a date of your first business deposit or the date of your first business expense as their ideal start date for the QuickBooks.
2 How to Connect Your Financial Accounts in QuickBooks Online
A second important step is to connect your financial account in QuickBooks and there is a pretty simple way to do the same. Go to the home page of the QuickBooks online and you will see an option of bank account written. Simply click connect an account under the bank account heading and now you will choose your bank that is attached. Follow up by filling in your details of username and password that you usually use to access your account. As soon as you log in the process is complete and you are good to proceed.
3 Customize Your Chart of Accounts in QuickBooks Online
There happens to be a default chart of accounts present in the QuickBooks and can easily be used. When you reach the screen of the chart of accounts, simply search for the account you are willing to edit. Now find the drop-down menu which is present next to the word account history where you can simply choose edit and enable yourself to make an edit as you like.
4 Categorize your blog expenses in QuickBooks Online
You will have to follow some pretty steps to categorize your blog expenses. Click on the new plus icon and select the option of bank deposit. Now go to the account column in the deposit section and click on income account. Now after filling in the details simply save and you are done.
5 Adding vendor
Find the vendor option on the expenses tab. towards the right side of the new vendor icon, click on the drop-down option and choose the option of import vendor. Fill in the details and click the ok button.
6 How do I record the payment in QuickBooks Online
Go to the home page of QuickBooks and select receive payment. Click on receive in the drop-down option and select the customer name. now choose the amount received and ensure that the data is correct and you are done.
7 How to record a sale tax payment
In the taxes option, click on the sale tax, and a list will appear where you need to locate the tax agency and click on view return. Now choose to add adjustments and make them as required. Now click on the record payment and you are done.
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