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I use QuickBooks to manage my personal family finances. There are other programs like Quicken or Mint but I happen to like using QuickBooks. I think that QuickBooks is a much more powerful program than some of the other options. I also feel that many people don't use QuickBooks because they have never used it before and find the program intimidating to learn. Although I use QuickBooks in many ways to manage my personal and family bookkeeping I wanted to touch on the three key ways I use the program.
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We all fall behind on our bills at one point or another in our lives but others may go a little further then that just like Han Solo. Forgoing payment to a particular vendor for an extended period of time may turn into insurmountable debt. The debt may now become a loan, which will require you to record a settlement of debt in QuickBooks to help keep your books balanced. I hope for your sake though it never gets as bad as Han Solo.
Accounting is an extremely crucial part of your business. In fact it would not be wrong to say that the survival of your business depends on how you maintain your accounts. Nowadays people prefer using accounting software like QuickBooks to make the accounting process easier and also enable them to concentrate their energies in making their business a grand success.
Critical to every small business is the ability to bid competitively to help maintain a solid profit margin. Proper job costing provides businesses with the power to carefully track expenses and income, generate job specific financial reports, and improve estimates to boost the bottom line. Job costing in QuickBooks may seem like a daunting task, but the benefits are essential to maintaining a successful small business. Job costing allows you to:
QuickBooks can be a valuable tool for tracking personal and family finances, not just those of businesses. Many people track their business income and expenses extremely carefully, but then pay less attention to tracking their personal finances. Sure most people have a general understanding of their monthly expenses and income, they have a feel for how much debt they are carrying and they also know how much and where they are investing. However, wouldn't it be nice to know exactly where you stand at all times?
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