QBO Client Bookkeeping- Entering Transactions

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#1
CMBTax  
Posts:
28
Joined:
4-Oct-2017 7:35pm
Location:
Massachusetts
For those of you that use QBO for doing client bookkeeping on a regular basis, how do you enter transactions? Most of my clients are cash-based small businesses, therefore I enter almost all transactions via bank feed activity.

I suppose the proper way to record a deposit (for example) is to Receive Payment into undeposited funds, then Make Deposit, and finally matching the bank deposit in the feed to the deposit I already created. However, I just use the transaction pulled into the bank feed and match it against the correct invoices. End result is same. Just wondering if I'm taking shortcuts, and if there is good reason to do it the "proper" way.
 

#2
MEMCPA  
Posts:
58
Joined:
6-May-2014 11:50am
Location:
Tennessee
That works as long as you are not tracking A/R.
 


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