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How to Enter PayPal Currency Conversions Into QBO

How to Enter PayPal Currency Conversions Into QBO

by cmehnert01 | Jan 11, 2024 | Small business bookkeeping

Note: you will need to activate multi-currency within QBO, add foreign currencies within QBO, foreign currency vendors (if applicable), and create TWO “PayPal Bank” accounts within QBO *IN YOUR HOME CURRENCY* and *IN EACH FOREIGN CURRENCY.* I recommend...
The Basics of Budgeting: A Step-by-Step Guide

The Basics of Budgeting: A Step-by-Step Guide

by cmehnert01 | Dec 19, 2023 | Personal household bookkeeping

Tracking what comes in and what goes out, and then organizing it all, allows you to fine-tune your spending in order to save more, decrease debt, and live within your limits. I will outline an easy yet powerful approach to budgeting that involves a few key phases: 1....
Saving Money: Simple Strategy For Everyday Life

Saving Money: Simple Strategy For Everyday Life

by cmehnert01 | Dec 6, 2023 | Personal household bookkeeping

Saving money. Easier said than done, right? Between the daily grind, social lives, and unexpected expenses, saving money often gets pushed to the back burner. But what if there were some simple strategies you could put into place to save money without a ton of effort?...
Small Business Accounting Tips for Entrepreneurs

Small Business Accounting Tips for Entrepreneurs

by cmehnert01 | Nov 17, 2023 | Small business bookkeeping

When you’re starting up a business, it’s often tempting to cut corners. This is especially true when it comes to accounting. But don’t do it! It’s important to have a solid financial foundation for your business from the very beginning. Here...
The Role of Bookkeeping in Business Success

The Role of Bookkeeping in Business Success

by cmehnert01 | Nov 2, 2023 | Small business bookkeeping

Bookkeeping is the process of recording and organizing your business’s financial transactions. It’s the foundation that supports your entire accounting system, so it’s crucial to get it right. Daily Bookkeeping Basics To keep good financial records,...
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