dogcow Posted February 21, 2011 Share Posted February 21, 2011 anyone use quickbooks ? if so can you give some advice on how you set it up to track your accounts? Link to comment Share on other sites More sharing options...
amc-vending Posted February 22, 2011 Share Posted February 22, 2011 I use quickbooks I setup each location as a customer and I track inventory. When I service a location - I create a invoice, "selling" the product to them at a 0 price Once I count the cash collected - I have a non-inventory item called bulk-sales-candy, also one for soda, snack, toys etc I put in that amount and then discount the invoice for the amount of the local sales tax - so the invoice total with tax equals the amount I collected PS - I also use the class function of quickbooks for bulk candy, toys sticker machines etc and also a class for soda and one for snack That way I can run P&L's on each class to see how each one is doing. Link to comment Share on other sites More sharing options...
Coffee girl Posted February 22, 2011 Share Posted February 22, 2011 I use Quickbooks as well. My biz is pretty simple since i only have one type of machine. I set each one up as a customer and create a sales receipt each time I collect money. I don't track inventory but I probably should start doing that. It helps a great deal just to keep everything organized and I can tell for sure what machines are making money over a period of time. It also makes sales tax very easy as well as commission and keeping track of expenses. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.