Slaying the Debt Dragon: How One Family Conquered Their by Cherie Lowe

By Cherie Lowe

Are your funds getting uncontrolled? have you ever made error along with your funds? Are you in additional debt than you’d wish to admit?

Cherie Lowe has been there. She and her kin came upon themselves $127,482.30 in debt (did your jaw drop?). They hadn’t received a yacht, blown it on fashion designer outfits, or bought a mansion. The small, daily costs of residing simply additional up—until abruptly, the Lowes have been being threatened through one dragon of a debt.

But via exertions and with God’s support, Cherie’s kin vanquished this foe, one invoice at a time. and you may too! In Slaying the Debt Dragon, Cherie stocks how her struggle on debt made her financially unfastened, reinforced her marriage, taught her teenagers beneficial money-management talents, and taken her entire kin towards God and each other. As you learn her conflict stories, you’ll be armed with the guns you must struggle your individual monetary foes. With God, all issues are possible—and your encouraged fortunately ever after can commence this day.

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If you’ve been using another small business accounting system, such as the simpler Quicken product from Intuit or the Simply Accounting program from Computer Associates, you might be able to have your old system produce a trial balance on the conversion date. In that case, you can get the balances from your old system. ) Just to split hairs, the trial balance should show account balances at the very start of the first day that you’ll begin using QuickBooks for actual accounting. For example, if the conversion date is 1/1/2006, the trial balance needs to show the account balances at one minute past midnight on 1/1/2006.

If you sell thingamajigs that you purchase from the manufacturer Thingamajigs Amalgamated, for example, you specify the item type as Inventory Part. ) • Inventory Assembly: Select this type if what you sell is something that you make from other Inventory items. In other words, if you buy raw materials or other components and then assemble these things to create your finished product, the finished product is an Inventory Assembly item. Chapter 3: Populating the QuickBooks Lists • Non-Inventory Part: Select this type if what you sell is something that you don’t want to track as inventory.

Load the master files as I describe in Chapter 3. If you’re thinking to yourself, “Whoa, cowboy, that seems like a bit more work than what’s involved in installing spreadsheet software or a new word processor,” you’re right. You might as well hear from me the ugly truth about accounting software: Accounting software — all of it — requires quite a bit 15 16 Part I: Quickly into QuickBooks of setup work in order to get the things running smoothly. For example, you’ll want to build a list of expense categories, or accounts, to use for tracking expenses.

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