Ask the Accountant

Harriet Gatter, owner of Accounting Support LLC, was an ad specialty distributor for 23 years and an adjunct professor of accounting at Neumann University. She sold her ad specialty business in 2012, became certified as a QuickBooks ProAdvisor, and now works exclusively with ad specialty distributors nationwide on their QuickBooks, order management and accounting needs.

Question: I have a few company files set up in Quickbooks Premier from businesses I started, but no longer run. How do I delete them from the list of companies to open? Answer: These companies can be hidden but technically not deleted. Select File > Open Previous Company, to see the list of all the…

A reader asks, “I use QuickBooks Premier for my distributorship. I also run another small business. Can I use my QuickBooks program for that, too, or do I have to buy Premier again?” Read today’s edition of “Ask the Accountant” for the answer…

A reader asks, “I am starting out as an ad specialty distributor and am a sole proprietor. Is this a good business structure for me?” Read today’s edition of “Ask the Accountant” for the answer…

Question: I have customers that pay me by credit card, but the credit card company takes out fees. I am receiving less than the total amount on the invoice. How do I handle that in QuickBooks Premier? Answer: I am seeing this situation more often, where the credit card company takes out the fees and…

Question: I send my bank and credit card statements to my accountant at year end to do my taxes. What benefits are there to using something like QuickBooks instead? Answer: There are lots of reasons. First, in QuickBooks, you are able to write and submit orders to customers and suppliers. From there, you can track…

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