Can QB keep track of more files than just estimates and invoices?

[city-wide]

Hi

Right now I have 2 types of files in QB - "Estimates and "Invoices".
Can I keep track of other types of files such as "Loans" and "Warranty Repair"?

How do I set this up?

Thanks,
Maisie

[lisa_mn]

QuickBooks will track ALL the financial activity of a business.

I would encourage you to hire a QB ProAdvisor to help you with basic accounting training and get you going in the right direction in QB.

[city-wide]

And you must be a QB pro-advisor?

[city-wide]

Sorry - I forgot to look at your sig.

Did you want me to hire you?

[EllenLucas]

Hi,

QB can track all of your financial data such as the Loans you mentioned, etc. It all depends on how you structure your G/L and the process procedures you put in place for tracking the information. If you currently have an accountant or CPA, they could possibly help you structure your G/L and may be able to provide some insight into how QB processes transactions such as Loans, Loan payments, interest on those loans, etc.

I hope that this helps you.


Cheers,
Ellen Lucas, CIERP

[city-wide]

I guess I forgot to mention that the "Loans" are not financial, they are loans of items to whomever.

That is the type of thing I was wondering if QB can track

[lisa_mn]

No, I don't want you to hire me. You would be better served with a local QB ProAdvisor who can sit down with you and help you with the particular details of your company.

So these loans of items - is this part of your business? Do you get any compensation? What do you need to track? Who has what and when it's supposed to come back?

I would say that QB is probably not very well suited to that kind of activity, but again, a consultant who could get into the details of what you're looking for might be able to come up with some system within QB.