Ever wondered what it's like to get training or oneonone help from Gentle Frog?

In this video, I help Laura Cheek of Lauracheekbookkeeping.com figure out why she might see negative balances in her client's QuickBooks Online balance sheet. This is a realworld example of how I help bookkeepers and small business owners figure out what's going on in QuickBooks. I use the demo version of QBO, Craig's Landscaping, to show examples of how this can happen and what to do about it.

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Timestamps
00:00 Intro
00:18 Reviewing the balance sheet
00:50 Accounts Receivable report
02:10 Negative checking account in QuickBooks
04:20 Shortcut to find problems in the Bank Register
05:50 Negative in Accounts Receivable
07:50 Negative credit card accounts
08:46 Loan payable
11:40 Opening balance equity
14:50 Depreciation
17:20 Owner's investment
18:37 Equity
22:40 Outro

#quickbooksonline #bookkeeping #trainingforquickbooks #payroll

This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Gentle Frog, LLC does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Gentle Frog, LLC does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.