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QuickBooks Tips Blog

The 5 Basic Functions of QuickBooks

Posted by Alex Viau on Jun 7, 2013 8:12:00 AM

QuickBooks has a lot of functionality, a ton. All of this functionality though doesn't necessarily mean it's a time saver for you or your business. The way we're going to organize this for you is
by creating the skeleton of QuickBooks. The skeleton is made up of Vendors, Customers, Employees, Company, & Banking. All have functions that are vital to the integrity of your company file. If they're not done correctly of course you run the risk of disaster. The problem though when you attempt to utilize every aspect is that you will begin to waste time and very quickly cause extreme disorganization for yourself risking the accuracy of both your Balance Sheet, Profit & Loss, and Cash Flow Statement.

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Topics: QuickBooks POS, QuickBooks Basics, QuickBooks Payroll, QuickBooks Vendors, QuickBooks Functionality

QuickBooks Video Tip: Daily Sales Journal Entry

Posted by Matt Roberge on Mar 20, 2013 7:15:00 AM

Many businesses may find it necessary to create a daily sales journal entry in order to properly account for their sales.  Businesses that use some sort of cash register system will often have to record sales through a daily sales summary.  Common situations that may require recording daily sales are bookkeeping for restaurants and retail shops.  Watch this QuickBooks video demonstration on how to develop and record a daily sales journal entry.  

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Topics: QuickBooks, QuickBooks Tips, QuickBooks Blog, Journal Entries, QuickBooks Video Tips, Daily Sales Summary, Sales Journal Entry, Restaurant Bookkeeping, Restaurant P.O.S, QuickBooks POS

5 QuickBooks Tips You Must Have

Posted by Matt Roberge on May 12, 2012 9:21:00 AM

Millions of companies use QuickBooks to handle their bookkeeping and accounting needs, and this is for good reason. It has a very user-friendly interface, it keeps information organized and, when it comes time to complete your company’s taxes, QuickBooks can seem like a gift from heaven. Whether you’re currently using QuickBooks or just shopping around, here are five simple QuickBooks tips for making the most of this program:

1.  Log everything. QuickBooks was created to help you keep track of money – so use it! This means entering in every dime spent from checks you write to credit card bills. This way if you always know where your money is going.

2.  Consider enrolling in paid payroll subscription. If it’s within your budget, this can be a real life saver. This subscription will automatically calculate all of your payroll taxes which can save you plenty of time and effort.

3.  Utilize the reports features. Want to quickly see a visual graphic of where your money went last month? Need to see how much you earned versus how much you spent? QuickBooks can easily help you prepare a graph or report to find this information fast.

4.  Don’t assume that you can’t fix mistakes. For example, if you close your fiscal year and then realize you’ve made an error – don’t worry!  You can easily correct this problem. Simply locate and fix the error and
finish by entering in the closing date and password.

5.  Use it or lose it. In order to fully learn all of the Quick books tips, you need to use the program often. Even when you’re not actually entering in real data for your company, take time to play around with different tools and functions. This is a surefire method for becoming a QuickBooks Pro.

What's your favorite thing about QuickBooks? What features do you use most?  

 

 

 

cta-outsource-your-bookkeeping-today

 

 

 

 

 

 

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Topics: QuickBooks, QuickBooks Tips, QuickBooks POS, QuickBooks consulting, QuickBooks advice, QuickBooks efficiency