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.
Where’s My Refund?

Where’s My Refund?

Are you still waiting for your income tax refund?  It is that time of year when the fortunate among us are expecting refunds from the government. However, this anticipation can quickly turn to worry when the money you are expecting does not arrive. Federal refunds...

read more
Advanced Child Tax Credit

Advanced Child Tax Credit

On March 11, 2021, President Joe Biden signed a substantial relief bill, the American Rescue Plan Act (ARPA) of 2021. This expands the Child Tax Credit (CTC) for the 2021 tax year by increasing the credit amounts for many taxpayers.  While this bill is good news for...

read more
Tax Facts: the 2020 Edition

Tax Facts: the 2020 Edition

Happy 2021! Here are some key items relating to the 2020 tax year filing: Standard deduction is as follows: Single $12,400 Married filing joint $24,800 Head of household $18,650 Medical expense deduction threshold is 7.5% of adjusted gross income. SALT Deduction...

read more