A Floor Plan is a method that a business (such as an auto dealership) can use to finance inventory that they are holding for resale, without having to tie up their own capital in that inventory. This article reviews how you can manage Floor Plan Financing with QuickBooks.
Intuit recently announced the Intuit PaymentNetwork, a low cost method of sending and receiving payments. As someone who collects and makes payments via online services every day, I was intrigued by the extremely low fees for this service. I’ve been playing with it lately, so here are some thoughts.
Buying inventory is simple in QuickBooks. Create a purchase order, receive the items, enter the bill, pay the bill. Simple! Sometimes things don’t occur in this nice sequence, and it isn’t always obvious what the best procedure would be. What if you have to pay the bill before you have received the items? In this […]