Quickbooks Bookkeeping

Where to start There are only a few bookkeeping systems that stand out as a complete small business solution that can scale with your business. With so many versions and applications it can be hard to choose. Quickbooks Online is one of these solutions that The Savvy Admin specializes in. Who is it for General[…]

quickbooks equity before you begin

Three Steps to Set up Equity Accounts in Quickbooks

Quickbooks is a powerful accounting tool used by millions of businesses small and large. It simplifies the accounts payable and receivable process, but if you are just getting started with a new file Quickbooks Equity Accounts are not all that self explanatory. It is always advisable to speak to an accountant when setting up your[…]

quickbooks set up equity

Quickbooks Equity Accounts for a Sole Proprietor

Owner Capital, Contributions, and Draws Equity accounts keep track of the owner’s interest in the business. When an owner puts money in the business it is a contribution. When she takes money out it is a draw. These entries are sometimes recorded as income and expenses incorrectly. Quickbooks will create different types of Equity Accounts for[…]