Rachel and Dan will discuss Handling and Depreciating Fixed Assets in QBO Advanced.

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday

BOGO - Buy QBO Advanced and get Schoolofbookkeeping Elite included!! Learn more here https://www.schoolofbookkeeping.com/bundle

Take advantage of 30% off the QBO MSRP when you sign up through us today! https://quickbooks.intuit.com/partners/irp/qbopayroll/?cid=irp-101114

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00:00 Introduction and Casual Conversation

00:53 Defining Fixed Assets

02:46 Fixed Assets vs. Expenses

04:01 Depreciation and Capitalization Threshold

09:00 Accounting Methods and Depreciation

12:48 QuickBooks Online Advanced Features

14:37 Setting Up Fixed Assets in QuickBooks

17:50 Depreciation Methods and Schedules

21:52 Adding and Managing Assets in QuickBooks

35:41 Conclusion and Upcoming Topics

Rachel and Dan will demonstrate the Multi-currency nuances with Online sales channels and how PayPal can play a factor on that in QuickBooks Online.

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday

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0:00 Introduction and Workshop Overview

00:32 Challenges with PayPal and Multi-Currency

01:16 Analyzing a PayPal Transaction

03:11 Recording Transactions in QuickBooks

08:26 Handling Refunds and Exchange Rates

16:55 Final Thoughts and Conclusion

Rachel and Dan will discuss the Multi-currency nuances with Online sales channels and how PayPal can play a factor on that in QuickBooks Online.

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday

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00:00 Introduction and Casual Setup

01:45 Meet Ozzy: The New Puppy

02:17 Intuit Layoffs and AI Investments

07:55 The Impact of AI on Accounting Firms

10:28 Multi-Currency Challenges with PayPal and Shopify

16:01 Practical Solutions for Multi-Currency Transactions

30:28 Conclusion and Sign-Off

Rachel and Dan will welcome Jason Richelson, Founder of Bookkeep to show how utilizing Bookkeep to integrate PayPal into QuickBooks Online can streamline this process.

Schoolofbookkeeping and our friends and Complete Business Group have teamed up with Bookkeep. Learn More about Bookkeep and create your free Bookkeep Accountant Dashboard here: https://www.bookkeep.com/partners/complete-business-group/

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday

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00:00 Introduction and Welcome

00:35 Unpacking PayPal

02:50 Meet the Team

07:23 What is Bookkeep?

08:00 Deep Dive into Bookkeep Features

18:55 Understanding PayPal in Bookkeeping

28:52 Clearing Accounts Explained

29:27 Bookkeep's Auto Reconciliation

29:54 Interapp Clearing Account

30:55 Complex Client Scenarios

32:08 Mapping and Troubleshooting

38:02 Connecting Payment Systems

41:09 Client Connect Portal

49:52 Handling New Data and Updates

52:32 Best PayPal Integration

53:50 Conclusion and Final Thoughts

Rachel and Dan will discuss this option to bring in transactions into QuickBooks Online from Square, Stripe, PayPal and Clover

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday

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0:00 Introduction and Greetings

00:23 Baseball Season and Personal Updates

00:54 Challenges with PayPal and Multi-Currency

03:17 Introduction to PayTracker

07:22 Using PayTracker with Stripe

17:35 QuickBooks Pricing Changes

25:52 Pro Plus and Premier Plus Subscription Updates

27:03 Extended Sales Period for Pro Plus and Premier Plus

27:45 Desktop Accountant Pricing Changes

28:33 Enterprise Subscription Discount Removal

32:01 Desktop Payroll Pricing Overhaul

33:17 Enhanced Payroll for Accountants

36:08 ACH Payment Changes for Desktop

41:53 Intuit's Impact on ProAdvisors

47:01 Exploring Alternatives to Intuit

51:34 Conclusion and Upcoming Events

Rachel and Dan will discuss some best practices and workflows when reconciling PayPal accounts. Rachel will demonstrate actually reconciling the PayPall account.

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday

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0:00 Introduction and Technical Glitches

01:11 Understanding PayPal Bank vs. PayPal Clearing

06:06 Reconciling PayPal Transactions

12:16 Complexities of PayPal Reconciliation

27:17 Understanding Expense Rules

27:49 Terminology Confusion in Accounting

31:26 Reconciling PayPal Accounts

34:28 Handling Shopify Payments 3

8:50 Automation Tools and Sales Receipts

44:22 Complexities of PayPal Clearing

Rachel and Dan will discuss some best practices and workflows when reconciling PayPal accounts.

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday Brought to you by http://www.schoolofbookkeeping.com - Keep Learning

00:00 Introduction and Casual Conversation

01:06 Challenges of Reconciling PayPal

02:13 Importance of Accepting Multiple Payment Methods

06:53 Classifying PayPal in QuickBooks

10:47 Best Practices for Managing PayPal Balances 1

6:48 Handling Transfers and Expenses in PayPal

22:09 Complexities of Multiple Bank Connections

24:16 Complexity of Managing Multiple PayPal Accounts

26:04 Reconciling PayPal Like a Bank

26:30 Special Circumstances for PayPal Usage

29:24 Challenges with High Volume PayPal Transactions

32:49 Handling PayPal Clearing Accounts

34:13 Importance of Accurate Revenue Reporting

43:19 Upcoming Features in QuickBooks for Auto Reconciliation

46:53 Conclusion and Future Topics

#sarcasm Yay!! There's a new Invoicing experience in QuickBooks Online!! This new "experience comes with som new features, but takes away some existing functionality. Rachel and Dan unpack what you can, and now what you can't do so you can get experienced in this new experience.

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday

Brought to you by http://www.schoolofbookkeeping.com - Keep Learning