Although QuickBooks Online is designed for small businesses, its inventory module gives business owners a useful picture of what is kept in their warehouses or stores, letting you know whether you are over- or under-stocked.

If you cannot find the Item Details section on your Bill or Expenses page, don’t panic — it simply needs to be switched on.

The backup feature is only available with the QuickBooks Online Advanced plan. If you’re on Simple Start, Essentials, or Plus, a backup feature is not available to you.

The QuickBooks Online (QBO) import feature may serve the job if you do not have many transactions each time, less frequently, or due to a tight budget.

Use the ‘Advanced Search’ feature of the QuickBooks Online (QBO) accounting software to search for a list of related transactions.

Small businesses are usually more concerned about cash flow and day-to-day operation, but having a budget is extremely important when moving towards a new normal. With limited resources, it is more crucial to monitor the performance in an uncertain market.

A deposit received is a payment for goods and services which yet to deliver. It’s liabilities. The balances are cumulative presents in the Balance Sheet. It has to offset against the invoice when goods and services have fulfilled at a later stage.