Category: Smart Rules

A refund is a return of money initiated by the merchant (business). However, customers can also initiate a money return. In this case, it is called a dispute. A dispute always has a negative part (treat it in …

Sometimes your Smart Rules might fail with the Enter a service date for the revenue recognition line item error.

Reasons for the error

QuickBooks has a feature called Revenue Recognition. It is available only on QuickBooks Advanced plan, and only …

Cases it may cover: sometimes there is no specific description field on your payment platform’s side leaving the Description field empty in QBO, which can lead to the lack of details when sending sales receipts, invoices, etc. to your customers. …

Overview:

1. Enable Service date in QuickBooks Online
2. Create a rule
3. Check the result

Cases it may cover: you might want to use a Service date on specific transactions to track the date a service was performed separately from the invoice …

Implementing class-based expense tracking in your accounting system can be an effective way to track fees associated with various products at a granular level. This strategy involves not only tagging the sales part of a transaction but also the associated …

Smart rules for QuickBooks Desktop is a powerful tool that can help you streamline your transaction processing and keep your data up to date. In this guide, we will explain what you can do with the rules, how they work, …

Follow the steps described in this guide to learn how to apply sales taxes automatically if they are not recorded in your transactions based on the shipping address in Canada.
Note: Currently, smart rules are available for QuickBooks Online and …