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QBO

Tuesday Tips: How to Create an Expense in Quickbooks Online

April 18, 2018October 5, 2017 by Michelle Mitchell

This little tutorial will help you know the difference between creating an expense and a check in Quickbooks Online. Take a look in this quick video.

Categories Quickbooks Online Tags QBO 5 Comments

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Bookkeeping Checklist for Quickbooks Online

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Recent Posts

Why Your Business Can Be Profitable and Still Feel Cash-Tight
The Power of Knowing Your Numbers
From Bookkeeping to CFO Services: Navigating the Financial Needs of a Growing Business
Build Your Dream Team: Aligning Vision with Business Needs
I Failed at Hiring: My Journey to Building a Thriving Team
Unlocking the Path to Financial Success
Celebrating Black History Month

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Sometimes you have to read between the numbers. Re

Sometimes you have to read between the numbers. Revenue is down. Is business actually slow, or did a client pay late? Payroll is up. Is that a problem, or was it a planned investment that needs more time to produce a return? Margins changed. Is it an expense issue, a pricing issue, or something else entirely?

The number gets your attention. The questions help you figure out what’s actually happening.

So the next time you review your financials, ask: What changed? Why did it change? What decision does that impact? Because sometimes your numbers will tell you that’s not the problem.

What number or financial report gives you the most questions? Let us know in the comments.

Want to dig deeper? Join us for the Financial Empowerment Roundtable on October 8 at 12 PM ET. Link in bio.

One report can tell you something useful. It just

One report can tell you something useful. It just can’t tell you everything.

Your P&L shows one part of the picture.
Your Balance Sheet shows another.
Your cash position adds another piece.

The clarity comes from reading them together.

That’s what we’re walking through at our October 8 Financial Empowerment Roundtable: Reading Your Financial Statements.

If you receive financial reports but still aren’t quite sure what they’re telling you, this conversation is for you.

October 8 | 12 PM ET | Virtual + Free

Save your seat through the link in our bio.

Financial statements are useful. But sometimes the

Financial statements are useful. But sometimes the most valuable part is the conversation that happens around them.

Looking at what changed.
Noticing what doesn’t make sense.
Talking through what the business needs next.
Connecting the numbers to the decisions you’re actually making.

That’s the difference between simply receiving financial reports and having someone help you use them.

At Mitchell Consulting, we believe the numbers should give you more than information. They should give you clarity.

That’s also the conversation we’re continuing at our October 8 Financial Empowerment Roundtable: Reading Your Financial Statements.

If you’ve been getting the reports but still aren’t quite sure what to do with them, join us.

Save your seat through the link in our bio.

Hiring help can solve a capacity problem, but the

Hiring help can solve a capacity problem, but the wrong kind of help can create a whole new one.

Before you jump from “I need help” to “I need an employee,” get clear on what your business actually needs. Full-time capacity? Part-time support? A contractor? An outsourced partner? Fractional expertise?

The goal isn’t just getting work off your plate. It’s choosing the right kind of support for the stage your business is actually in.

If you could add one type of support to your business right now, what would you need them to own? Let us know in the comments.

Want to keep talking through the financial decisions that come with growing a business? Join us at our next Financial Empowerment Roundtable. Link in bio.

#MoneyTalks #BusinessGrowth #BusinessFinance

You have the reports, but do you know what they’re

You have the reports, but do you know what they’re actually telling you?

Your Profit & Loss Statement can tell you how the business performed.

Your Balance Sheet shows you where the business stands.

Your Cash Flow Statement helps you understand how cash is moving.

And when you start looking at them together, you get a much clearer picture of what’s happening in your business and what it may be able to support next.

That’s what we’re talking about at October’s Financial Empowerment Roundtable: Reading Your Financial Statements.

📅 Thursday, October 8
🕛 12 PM Eastern
💻 Virtual + Free

This isn’t an accounting class. It’s a practical conversation about understanding your numbers well enough to ask better questions and make better decisions.

Bring your questions. Better yet, bring a financial decision you’re trying to make.

Join us at the table. Link in bio.

Feeling overwhelmed can make hiring feel like the

Feeling overwhelmed can make hiring feel like the obvious next move.

But before you add payroll, ask a few more questions:
- Is this a permanent need?
- Could it be simplified?
- Automated?
- Outsourced?
- Handed to someone already on your team?

And just as important: what is it costing the business for you to keep doing it yourself?

The goal isn’t to add payroll every time something feels heavy. It’s to make sure the right work is sitting with the right person.

What’s something you know you need to hand off? Let us know in the comments.

Growth has a funny way of changing your job descri

Growth has a funny way of changing your job description.

What needed your attention when the business was smaller may not be what needs it now.

Sometimes growth means better systems. Sometimes it means bringing in more expertise. Sometimes it means finally handing off something you’ve been carrying simply because you always have.

The question is: What does your business need from you at this stage?

What’s one part of your role that has changed as your business has grown?

Let us know in the comments!

Just because the money is in your account doesn’t

Just because the money is in your account doesn’t mean it’s available to spend.

As your business grows, payroll, taxes, debt, vendors, owner pay, and other commitments may already have a claim on that cash.

So before your next big decision, ask: How much of this money is actually available?

💬 What business finance question should we tackle next on Money Talks? Drop it below.

Want to go deeper? Join us for the next Financial Empowerment Roundtable. Link in bio.

A profitable business can still feel tight on cash

A profitable business can still feel tight on cash.

And that matters when you’re trying to answer questions like:

Can we hire?
Can I pay myself more?
Can we afford the next investment?
Can we take on the next opportunity without creating a cash problem later?

That’s what we’re talking about at September’s Financial Empowerment Roundtable: Cash Flow vs. Profit.

📅 Thursday, September 10
🕛 12 PM Eastern
💻 Virtual + Free

We’ll talk through what profit tells you, what cash flow tells you, and why you need both when you’re making decisions about what your business can support next.

And Roundtable is exactly what it sounds like. Bring your questions. Bring the financial decision you’ve been thinking through. Let’s talk about it.

Reserve your spot at the link in our bio.

And if another business owner or nonprofit leader comes to mind while you’re reading this, send this to them and invite them to join you.

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