Posts Tagged ‘quickbooks proadvisor’

Problems of Delaying QuickBooks Start

If you are planning to use QuickBooks, delaying will only make it more difficult. Here are some reasons why.

Setup While Operating

If you decide not to implement QuickBooks at the beginning of a fiscal year, you will likely find that there is a real conflict later between staying current with your existing accounting system and doing what is necessary to start using QuickBooks. Although you can install QuickBooks with a Read the rest of this entry »


QuickBooks Two Sided Items Save Time

One of the main benefits to delving into QuickBooks in detail is to accomplish things in less time. Two sided items are one of those shortcuts. In the posting Two Common QuickBooks Mistakes I indicated just a little of the problems that can occur in QuickBooks. Not taking advantage of some very helpful features is another.

What are Two Sided Items

In QuickBooks two sided items are items that will impact more than one account. Some items by default are two sided. For example, when you Read the rest of this entry »


Two Common QuickBooks Mistakes

QuickBooks is likely the first accounting software a small businesses considers when it’s time for more than paper and spreadsheets. But here is a warning.

Everybody is an Accountant

In the attempt to not spend too much, many business owners decide they will just go out and buy a copy of QuickBooks and then do their own installation, setup, and use.

Mistake Number One

There are multiple versions of the software, such as Pro, Contractor, Manufacturing and Wholesale, etc. Unless the appropriate version is used a company may soon realize that the results are not what they expected. Along with this, the installation and setup, no matter what version is used, must be done correctly. For example, pick the wrong Read the rest of this entry »


What QuickBooks Product Should You Use?

In a previous blog Critical Questions When Considering QuickBooks we looked at some of the things to consider when deciding whether to use QuickBooks or some other accounting software. Assuming you have decided upon QuickBooks, let’s look now at some considerations when selecting the actual QuickBooks product to use.

Your Needs

In the previously mentioned blog was a partial list of things to consider when deciding if QuickBooks was the correct choice. Take a moment to review that list, as it is also very helpful in deciding the correct QuickBooks product to use. For example, the first item listed asked if Read the rest of this entry »


Critical Questions When Considering QuickBooks

So you’ve decided you want to use QuickBooks. Here is a word of caution. First, determine what you need to accomplish with QuickBooks and the benefits you expect before you choose QuickBooks.

What You Need

There are a number of key considerations when deciding if QuickBooks is the correct software for your company. One of the first things that should be done is to determine what you need from your accounting system. In fact, this is really something to do before you even consider QuickBooks or Read the rest of this entry »


Why Hire a Virtual CFO?

A small business often forfeits quality financial guidance by believing they cannot afford it. If you think that is valid then think again. Here is where a Part-time CFO, perhaps functioning as a Virtual CFO, can be of great help. Read the rest of this entry »


QuickBooks – Know Your Roles

Understanding QuickBooks roles when using QuickBooks is critical, and the failure of an employee to know and understand their role can be highly destructive of the software’s usefulness. An example is the failure to use items or using them incorrectly.

Recording Sales

Items are essential to the correct functioning of QuickBooks. Without the use of items there is very little you can do in QuickBooks. Items are used in recording Read the rest of this entry »


Benefits of QuickBooks Jobs

If you are new to QuickBooks you may not be aware of one of the most useful features – Jobs. Even if you are not new to QuickBooks this may be a feature you have not considered using.

What is a QuickBooks Job?

A QuickBooks Job is simply a way of providing more information for the work you perform.

Examples of Uses

A classic example is a construction or remodeling company. The company may be performing numerous tasks for a particular Read the rest of this entry »


QuickBooks | Invoice or Sales Receipt

In QuickBooks you are offered both an Invoice or a Sales Receipt for charging customers for products and services you provide. It is important to know the uses of each.

When Does the Customer Pay?

If the customer pays after the service or products are billed, then an invoice is the best way to handle the sale. If, however, the customer pays at the time of service then it may well make sense to simply use a sales receipt. A sales receipt essentially accomplishes Read the rest of this entry »


3 Serious QuickBooks Errors

Before using QuickBooks it is wise to understand some of the important things to practice to obtain the desired results. Here are 3 Serious QuickBooks Errors that are common and should be avoided.

Items Used Incorrectly

If you have used QuickBooks at all then you probably know the importance of using items. Items are one of the lists used in QuickBooks, and without them it is just about impossible to accomplish anything when using this software. You cannot even Read the rest of this entry »


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