Quickbooks Tip of the Month: July

Dec 5, 2019 | Quickbooks, Uncategorized

Make QuickBooks automatically re-enter transactions that occur repeatedly.

The short cut to do this is to press “Ctrl+M” while you’re entering a transaction. You’ll get a “Memorized Transaction” tool that will allow you to specify the parameters in order for repeat transactions to work. You can schedule the transactions daily, weekly, monthly, etc. This can be done either as an automatic transaction entry or as a reminder item. For example, when you’re entering a $1,000 rent expense invoice and would like Quickbooks to enter this amount every month automatically, press “Ctrl+M”. A tool box will appear and will let you choose the parameters. For a monthly entry you would:

  1. Name the memorized transaction
  2. Select “Automate Transaction Entry”
  3. Under “How Often”, select “Monthly”
  4. Set the start date and numbers of entries, etc.

Subscribe to our Accounting, Tax and Business Insights Newsletter

Email Address:
Name(Required)
Privacy(Required)
This field is for validation purposes and should be left unchanged.
Client Spotlight: McMahon Insurance Agency

Client Spotlight: McMahon Insurance Agency

Some people take a vacation with their friends to celebrate their 40th birthday. Bill McMahon, Jr., and his wife, Sandy, purchased their own insurance agency for his 40th celebration. In 1981, Bill purchased Chattin-Halliday Insurance Agency in Ocean City and went to...

read more
New Policy for Tax Season

New Policy for Tax Season

In order to maintain the traditional high quality of our tax services, we are finding it necessary to take steps to combat the tax deadline squeeze that has been resulting in recent years from the delay in form issuance and late tax law changes. This year we are...

read more
Renting Your Home or Vacation Property

Renting Your Home or Vacation Property

Many of our clients own and rent out homes they do not use full time as a residence, and even more are considering it based on the enticements of companies like Airbnb.  Renting a property you use personally is somewhat different from renting a property that you do...

read more
The SECURE 2.0 Act of 2022

The SECURE 2.0 Act of 2022

The SECURE 2.0 Act of 2022 (the Act), enacted on December 29, 2022, builds on the SECURE Act of 2019, which increased the age of required minimum distributions (RMDs) and eliminated age restrictions for traditional IRA contributions. The legislation could help...

read more