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Book keeping tips
These simple measures will assist you when you enter your transaction details to QuickBooks:
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When you pay your bills, note on the bill the cheque number and date you paid it.
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When you write a cheque, use the cheque butt to record basic details of what you used the cheque for.
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When you deposit funds into your bank account, note on the deposit slip who the payment was from.
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When you pay wages with a cheque, note on the butt the gross wage and PAYG tax withheld.
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Use your bank statement as the basis of your data entry, so you don’t miss any payments, receipts, interest or bank fees |
