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QuickBooks Tips Blog

Get Rid Of Booby Traps In Your QuickBooks Accounting System

Posted by Marti Major on Jun 9, 2014 7:00:00 AM

When it comes to QuickBooks, you can eliminate the odds that you and/or your staff will make the same stupid mistakes over and over again.

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Topics: QuickBooks Tips, QuickBooks Help, QuickBooks Customization, QuickBooks Consultant, chart of accounts, QuickBooks Best Practices

QuickBooks Tip: Chart Of Accounts Overview

Posted by Alex Viau on Mar 15, 2013 7:30:00 AM

In QuickBooks, the Chart of Accounts is the skeleton to any company file. A well-managed Chart of Accounts provides meaningful reports and year end financial data to provide to your CPA for tax purposes. Understanding how each account works and when to use it helps keep your
company file organized and maintains integrity of your financial data. The concepts may seem simple but it's surprising how many folks blindly swing in the dark by putting assets into liabilities, expenses as income, and vice versa. I'm going to just brake each one down and give real world examples on each. You can look further into the true definition (and I highly recommend you do) of each by heading over to Wikipedia.

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Topics: QuickBooks Tips, Using QuickBooks effectively, Accounts Payable, Accounts Receivable, chart of accounts, cleaning chart of accounts

How To Make The Most Of QuickBooks Online Banking

Posted by Alex Viau on Jan 21, 2013 6:00:00 AM

Online banking is the bread and butter to my efficiency in QuickBooks. I'm always asking myself how I can make the most of the online banking feature in QuickBooks with every client I help take care of. What really blows me away though is the amount of people that aren't even aware of this feature! You can download data for your credit cards and bank accounts in a matter of minutes. So let's get started with the 101 and work our way to the advance features rather quick...

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Topics: Efficient Bookkeeping, QuickBooks advice, Efficiently Using QuickBooks, Bookkeeping Tips, quickbooks online banking, online banking, chart of accounts, importing qbo, downloading qbo

Daily Deals: Handling Deferred Revenue and Expenses in Quickbooks

Posted by Joe Mazur on Mar 1, 2012 7:43:00 PM

You don't have to look too far to find a discounted coupon online these days.  It may be been around for a while, but it really exploded with Groupon.  Other companies such as livingsocial.com, plumdistrict.com, ksldeals.com, etc. have followed suit and jumped into the daily deal game.  You don't have to look too far to find a daily deal or some sort of coupon or voucher online. From a business's stand point; they can be hard to handle accounting wise. 
Small businesses use these discounted coupons to catapult themselves to a much larger customer base.  There are a handful of ways to track the sales and redemptions of these coupons.  Here are a few key points with handling these daily deals or coupons in Quickbooks.


Have a Great Contact

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Topics: QuickBooks Tips, Do It Yourself Bookkeeping, QuickBooks consulting, Efficiently Using QuickBooks, memorizing QuickBooks transactions, Business Efficiency, learn QuickBooks, bookkeeping challenges, chart of accounts, Small Business Accounting

Errors With Importing Data in Quickbooks

Posted by Joe Mazur on Apr 28, 2011 2:29:00 PM

Lets be honest, it is very easy to import data into QuickBooks.  Its so easy that you can click a few buttons and be done with it.  Once you are done with the import, you can move on to your next task and have piece of mind that your books are dialed and the financials are wrapped up, right?  Hopefully you are laughing because this couldn't be further from the truth.

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Topics: Bookkeeping Errors, Do It Yourself Bookkeeping, Business Efficiency, bookkeeping challenges, quickbooks 2008, chart of accounts