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QuickBooks Tips Blog

3 QuickBooks Reports That Might Surprise You

Posted by Joe Mazur on Sep 8, 2014 6:59:00 AM

Ever work so hard that you don't want to slow down to learn something new?  I hear this all the time "I'll look into that this evening or over the weekend."  That is usually the response when I ask a small business owner if they have explored all the reporting features in QuickBooks.  The response is a total blow off.  I get it, can't teach an old dog new tricks, right?  Hopefully pointing out a few reports that get overlooked can change that mantra.

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Topics: Bookkeeping Errors, QuickBooks Consultant, Financial Reporting

QuickBooks Video Tip: How To Enter A Budget In QuickBooks

Posted by Matt Roberge on Aug 27, 2014 7:00:00 AM

Entering a budget in QuickBooks is an incredibly important bookkeeping step that many small businesses skip. Most small business owners analyze the QuickBooks profit and loss but tend to ignore their budget and forecast. I would find it difficult to run a business without a budget and forecast because I would have no measure of how the business is performing. Without creating a budget and doing some comparisons with your actual financial statements you have no idea of how your business is performing financially. Watch this QuickBooks video tip on how to enter a budget in QuickBooks and use it to manage your business. 

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Topics: QuickBooks Tips, QuickBooks Video Tips, Financial Forecasting, Financial Reporting, Business Budgeting

Powerful Looks at Your QuickBooks Profit and Loss

Posted by Matt Roberge on Jul 23, 2014 7:00:00 AM

There are some really powerful ways to customize your QuickBooks profit and loss. I see a lot of business owners run a standard profit and loss and race to the bottom of the report to look at net income. When they see a positive number they are thrilled thinking to themselves (or sometimes out loud): "we made money!" While it may be true that you turned a profit you are really missing out on some in depth and powerful ways to analyze your profit and loss. Today I'm going to dish and give you the goods on your QuickBooks profit and loss.

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Topics: QuickBooks, QuickBooks Tips, Financial Forecasting, Financial Reporting, Business Budgeting

Benefits of QuickBooks You Might Have Missed

Posted by Matt Roberge on Dec 4, 2013 7:00:00 AM

QuickBooks is the most popular accounting software amongst small businesses.  Many QuickBooks users understand the basics of the program and some of the benefits.  However, there are many benefits of QuickBooks that you might have missed.  The general QuickBooks user understands how to use the basic commands of QuickBooks to carry out the day to day transactions.  In general QuickBooks takes care of the accounting behind the scenes.  While you can get by in QuickBooks without much accounting knowledge it is important to understand the basics of accounting and what entries each QuickBooks command makes.  QuickBooks can benefit your business other than just a way to track your day to day activities; here are a few benefits of QuickBooks you might have missed. 

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Topics: QuickBooks, Cash Flow Management, Financial Reporting