Need Help?

Get in touch with us and we’ll be happy to help!

0
  • No products in the cart.
0
  • No products in the cart.
 

Free Resources

Anatomy of a QuickBooks Inventory Item

Anatomy of a QuickBooks Inventory Item

If you have an item-heavy business, you need tools to track your inventory. QuickBooks provides them. When you started your business, maybe you were able to keep track of your inventory by peering in the closet or your garage. As you grew, that simply took too long. But you grew tired of running out of stock because you didn’t have time to constantly check its levels, and you forgot about items that didn’t sell and were tucked away in a corner.

You need inventory-tracking. QuickBooks can help you create thorough records for each product you sell. It keeps track of how much you have on hand and warns you when your stock is running low. And its reports tell you what’s selling and what’s not, so you can make better, smarter purchasing decisions.

Are You Using QuickBooks’ Reminders?

How do you know when it’s time to pay a bill or follow up on overdue customer payments or print payroll checks? If you’re still using a paper calendar and sticky notes and file folders, there’s a good chance you’re missing some important deadlines on occasion. Manual methods aren’t effective enough when you’re dealing with your business finances. You might experience:

  • Credit problems.
  • Overextended customers.
  • Unhappy vendors and employees.

If you’re missing the mark frequently, you won’t be able to get a true picture of your financial status, and your cash flow will suffer.

Use QuickBooks’ built-in reminders to avoid this unnecessary drama. Here’s how they work.

7 Common Accounting Mistakes That Are Very Important To Avoid

Accounting errors occasionally occur, but you can mitigate many common mistakes with proper preparation and planning. Remember, it usually takes more time to correct an error than it does to get it right initially.

Interestingly, it’s also cheaper to recognize and correct errors early instead of waiting to correct the issue later. While some accounting errors are minor and insignificant, others can be more serious and could significantly affect your business’s economic health.

Over time, clumsy practices could distort the reality of your business’s fiscal health. In severe instances, repeated accounting errors and a lack of best practices could drive your company towards insolvency. Here is a list of common accounting mistakes you need to avoid.

Top 10 New Features In QuickBooks Desktop 2021

QuickBooks 2021 is all about automation to save time and boost productivity, it will be full of new automation features such as – improvements to bank feeds, creating categorized receipt expense entries using the QuickBooks Desktop Mobile App, automatically sending statements, and more. This article is a compilation of just a few of the awesome new features we wanted to share with you. If you would like a more in-depth demonstration of these features, or if you are more of a visual learner, you can check out our recent webinar recording “What’s new in QuickBooks 2021

small-business-accounting

7 Tips for Keeping Your Small Business Accounting Organized

 

The lifeblood of any business whether small or large is financial integrity. Therefore, the efficient management of your small business accounting can help establish your success.

Keeping your accounting and finances in order should be an achievable goal. You’ll not only save time but also money. Bear in mind that organizing your accounting takes effort and time. Furthermore, you require a solid plan. Nevertheless, these invaluable tips will help you maintain efficiency.

Could Your Books Withstand A Tax Audit?

Tax audits can be time-consuming, taxing, and possibly expensive. Small business proprietors who might be navigating complex tax policies for the first time or who work in businesses such as restaurants where errors are easy to make are particularly likely to draw unnecessary attention for the IRS.

An audit doesn’t need to be a painful, endless, and invasive process if you follow these tips.

out of the box technology had some accounting fun at foodlabs detroit

Year End Accounting Resource Center

This page contains a multitude of year end accounting resources we have gathered from the web and produced internally for our clients. Use the navigation links below to scroll through the page to find the resources you need. If you would like a personalized consultation from one of our small business / QuickBooks accounting experts, please feel free to call (888) 232-4758 anytime, or request a year end review to get started.

Why Hiring A Virtual Bookkeeper Can Maximize Your Productivity

These days, more businesses are turning to remote bookkeeping services due to technological advancement. For some businesses however, the concept of hiring a virtual bookkeeper is new and terrifying, while for others it simply won’t work.Over the past decade, a shift has occurred within the accounting and bookkeeping industries and the terms “virtual” and...

quickbooks desktop 2017, for both windows and macOS is set to be discontinued on May 31, 2020. Here's what you should know regarding your QuickBooks company file, if you stick with QuickBooks 2017, after discontinuation

Support for QuickBooks Desktop 2017 in 2020: What You Should Know

It’s getting near the End of Life for QuickBooks 2017. For many longtime users, it’s that time of the year. For those of you who have just started using QuickBooks Desktop, you may be wondering what that means. Put simply: anyone still using 2017 will lose access to important add-ons, at the end of May 2020. Also, any live assistance for any inquiry or troubleshooting measure revolving around Desktop 2017 you currently utilize will not be available come May 31. What does this entail? Keep reading to learn exactly what services and apps are affected; and how discontinuation affects your support experience.

Still Have Questions? We’re Here to Help.

Talk with an Expert