Know How to Enter Tolls Into QuickBooks
Considered as one of the reputed software, mainly developed for the purpose of accounting, QuickBooks is probably the best application for computing and managing your finance for both small and large organization. The best part is that it also provides an option to include toll expenses in your balance sheet along with the facility to customize the expenditure based on our preferences. (Tolls are expenses that are often incurred while traveling. At times, these expenses are lumped together with general automobile expenses).
So, if you also want to enter tolls into QuickBooks without your balance sheet getting distorted, it’s advisable for you that before consulting QuickBooks Support specialist, just go through the below-mentioned steps.
• At first, you need to click on the “Home” icon, which is present on the top left side of the screen in Quickbooks. It will take you to the main startup page of Quickbooks while double-clicking on the “Chart of Accounts” icon. This icon is located near the top right side of the screen under the “Company” section.
• Now you need to select “Automobile Expense” in the Chart of Accounts and then choose “Create a sub-account” in the related activities area. On the other hand, you need to enter “Tolls” as the sub-account name.
• Later, make sure that you have clicked on the select “Save” and “Close” button followed by choosing the “Company” from the menu bar, and then “Make General Journal Entries.”
• After the journal entries are made, you are now supposed to enter the date, and the toll was incurred in the “Date” section. Once it is done, it is now time to select the “Tolls” account in the account column.
• Now in the next step, you are also supposed to enter the dollar amount of the toll in the “Debit” column, and then an equal dollar amount will be automatically entered in the row below in the “Credit” column.
• Make sure that you have selected the “Petty Cash” account in the following row, in case, if petty cash was used to pay the toll. If a credit card was used to pay the toll, select the “Credit card” account. After the previous steps are completed, it’s advisable for you to choose “Record” to enter the toll into QuickBooks.
Just in case, you got stuck in the middle of the process, you can anytime seek help from experts if you have the number to Contact QuickBooks customer support. You can avail their numbers from Contactforhelp, which is an online directory. Source :http://tinyurl.com/z59xw8r
So, if you also want to enter tolls into QuickBooks without your balance sheet getting distorted, it’s advisable for you that before consulting QuickBooks Support specialist, just go through the below-mentioned steps.
• At first, you need to click on the “Home” icon, which is present on the top left side of the screen in Quickbooks. It will take you to the main startup page of Quickbooks while double-clicking on the “Chart of Accounts” icon. This icon is located near the top right side of the screen under the “Company” section.
• Now you need to select “Automobile Expense” in the Chart of Accounts and then choose “Create a sub-account” in the related activities area. On the other hand, you need to enter “Tolls” as the sub-account name.
• Later, make sure that you have clicked on the select “Save” and “Close” button followed by choosing the “Company” from the menu bar, and then “Make General Journal Entries.”
• After the journal entries are made, you are now supposed to enter the date, and the toll was incurred in the “Date” section. Once it is done, it is now time to select the “Tolls” account in the account column.
• Now in the next step, you are also supposed to enter the dollar amount of the toll in the “Debit” column, and then an equal dollar amount will be automatically entered in the row below in the “Credit” column.
• Make sure that you have selected the “Petty Cash” account in the following row, in case, if petty cash was used to pay the toll. If a credit card was used to pay the toll, select the “Credit card” account. After the previous steps are completed, it’s advisable for you to choose “Record” to enter the toll into QuickBooks.
Just in case, you got stuck in the middle of the process, you can anytime seek help from experts if you have the number to Contact QuickBooks customer support. You can avail their numbers from Contactforhelp, which is an online directory. Source :http://tinyurl.com/z59xw8r
Advertise on APSense
This advertising space is available.
Post Your Ad Here
Post Your Ad Here
Comments