Tweet Account for outstanding bank account transactions. If you’re having a problem reconciling your latest bank statement, the problem might be with outstanding bank account transactions. If there was any lag time between the date of your statement and your start date in QuickBooks, make sure that you also entered any checks or deposits that [...]
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So when you create tax reports, related transactions will be grouped by these designations.
This can be a real time-saver — as long as you’ve specified the correct entity.
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QuickBooks supplies you with a wide variety of pre-formatted reports whose modification options can help you do focused, critical analysis of your financial data. The right set of numbers will help you understand your history and plan for the future more effectively.
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Tweet QuickBooks‘ standard reports are critical to understanding your company’s past, present, and future. But the program also offers innovative tools that can make them significantly more insightful and comprehensive. QuickBooks offers two simple conventions that let you identify related data: classes and types. Classes are used in transactions. Types are assigned to individual customers, [...]
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Tweet QuickBooks Pro New Features Saves You 50% Time Spent on Finances. Save 20% + Free Shipping. Next to payroll, paying bills is probably your least favorite task in QuickBooks. You don’t have to use this feature — you can keep stacking bills on your desk, scrawling the due dates on a paper calendar, and [...]
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Tweet Job-Tracking - Does your business have clients whose work sometimes requires multiple steps drawn out over weeks or months, like remodeling projects or court cases? If so, and you’re not using QuickBooks’Jobs features (Job-Tracking), you’re missing out on the opportunity to track and evaluate the financial impact of these complex tasks. You can, of course, [...]
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Tweet It seems so simple in theory. Don’t overstock goods because you’ll tie up too much money and perhaps need a clearance sale to get rid of the excess. On the other hand, don’t let yourself run out of anything and lose orders. In practice — especially if you stocks dozens or hundreds of items [...]
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Tweet Statements in QuickBooks How do you let customers know they owe you money? Probably by sending invoices. And if your customers are conscientious and pay on time, that might be all you need. But it might be helpful to do at least part of your billing by dispatching statements. These forms do have their drawbacks. [...]
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Tweet Filling out invoices the first time can be a pain, especially if they’re lengthy. But doing the same thing repeatedly if the identical invoice recurs regularly? No need. QuickBooks can memorize a variety of transaction types, including invoices, purchase orders, and bills. After you’ve memorized them, you can edit, reschedule, and delete them, as [...]
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Tweet Non sufficient funds No-one likes it when their clients/customers payments come back as NSF (non sufficient funds). When you receive notice that a check has bounced, you need to follow these directions for recording this into QuickBooks. Create a transaction that records the funds coming out of your checking account, along with the fee [...]
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Tax Preparation, Payroll, and Accounting,
Including online services.
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