Journal Entries – What, When, Why and How?   QuickBooks®, for ease of use, has a special form for every type of transaction: Check, Bill, Bill-Credit, Invoice, Credit Memo, Sales Receipt, Paycheck, Credit Memo, Credit Card Charge-Credit, Bank Deposit, and Journal Entry. The advantage of using the forms for the various types of transactions is…

Read More

Our new ONLINE training course is launching by year-end!   Our mission at Fiscal Foundations has always been to “improve the success and success rate of small businesses!” Since 1994, we’ve trained business owners and bookkeeping staff in over 650 local businesses through our onsite consulting services, and several thousand more through our 1500+ member Meetup…

Read More

NEW TRENDS = HIGHER PROFITS + MORE EFFECTIVE BUSINESS MANAGEMENT We just returned from the annual conference, led by the Woodard Group, for the National Advisor Network, the QuickBooks® ProAdvisor group trained and certified by Intuit. Fiscal Foundations, LLC is the leader of the local chapter of ProAdvisors here in Minneapolis/St. Paul. We were fortunate…

Read More

Provided by Fiscal Foundations, LLC [For questions, call Linda Logan, 612-387-8619] Tracking member contributions Each year a church tracks and reports total donations made by each member. Usually a letter or report is sent during the first half of January informing members of the amount of their donations they can claim on their tax return.…

Read More

For lawyers and real estate agents— Managing Trust Accounts (Iolta Accounts) with QuickBooks® Attorneys and real estate agents often hold client or third party funds in trust and are responsible for tracking the receipt and dispensation of these funds. The purpose is to safeguard these funds from loss. The monies belong to the clients/third parties…

Read More