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QuickBooks Common Errors Fixed

3 of the Most Common Issues with QuickBooks (And How to Fix them)

Here are 3 of the most common issues with QuickBooks, and how to fix them! But, why would you need this resource? Well, as you already know, QuickBooks is a vital business tool. It helps businesses manage their money, pay bills, and employees.

The accounting software has become a standard for those who seek a simple means of tracking their business.

You can run it on your business or home computers. Alternatively, you could use the online option, QuickBooks Online.

Small and mid-sized businesses value the tool because it handles several bookkeeping tasks automatically, making it easier to run businesses.

Furthermore, you can customize it to fit your business needs. It’s specifically designed to be adaptable and flexible to a wide array of small businesses.

Nevertheless, the application is somewhat complex. Occasionally, these complexities can result in a few minor issues. So, without further ado, here are 3 of the most common issues with QuickBooks, and how to fix them!

Inventory Management Chart

Tips For Better Inventory Management

Inventory management is a system that oversees the flow of services and products in and out of a business. Managing orders and inventory is a fundamental business aspect that business owners should take seriously.

In numerous cases, the lack of proper tracking could yield mistakes, for instance delayed or lost orders and even potential customer loss.

Without an efficient strategy, inventory management could cause serious problems in various industries. Nevertheless, these tips for better inventory management will help you enhance your own.

6 Outsourcing Myths Stifling Your Bookkeeping

6 Outsourcing Myths Stifling Your Bookkeeping

 

Outsourcing of bookkeeping and other expert services is gaining a considerable foothold among business owners. Maybe you’ve been thinking of outsourcing for some time or considering it for the first time. Either way, you might find you’re hesitant to take the leap because of the related myths.

Frequently regarded with confusion, indifference, or outright fear by numerous entrepreneurs, the misconceptions and myths regarding outsourced services abound.

Bookkeeping is an essential, yet time-consuming part of a business. While outsourcing this service offers various benefits, various myths pose a barrier that could potentially hold your bookkeeping back. Fortunately, this guide will help debunk these myths.

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.

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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.

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QuickBooks 2018 Discontinued May 31st – How This Affects You

The discontinuation of QuickBooks 2018 is near! For many seasoned users, we know it is that time of the year. For those of you who have just started using QuickBooks Desktop, you may be wondering what this means to you, especially if you are using version 18. Put simply: anyone who is still using version 18 will lose access to important add-ons, or “connection-required” features, such as bank feeds, at the end of May 2021. Also, any live support for any inquiries or troubleshooting involving QuickBooks Desktop 2018 will no longer be available. What does this entail exactly? Read on to learn precisely what services and apps are affected; and how the discontinuation itself affects your support experience.

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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.

business-budgeting

6 Signs Your Small Business Budget Might Be Out Of Control

A business that lacks a budget sets itself up for various financial issues in the future. This applies to businesses of all sizes and ages.

On the other hand, a business that creates long and short-term business goals by developing a comprehensive business plan can develop a roadmap for economic success and expansion opportunities.

Here’s a list of signs that you need to re-examine your business budget.

 

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5 Common Payroll Mistakes And How To Avoid Them

payroll-accountingEvery business knows that payroll is vital to its operation. However, any problems, however minor, could affect virtually every business level. In fact, payroll mistakes are costing businesses thousands annually to rectify.

That’s why it’s imperative you develop a solid tax compliance and payroll processing plan to prevent possible payroll fees and errors. Here are 5 payroll mistakes to avoid.

we cover data migrations, this technology tuesday. we even go into why you might consider migrating your data - even when going from QuickBooks version to another.

Virtual Bookkeeping Services | The Future Of Accounting

With technological advancement, more businesses are considering virtual bookkeeping services. For some, the concept of a virtual bookkeeper is scary, while for others, it simply won’t work. For those that entertain this idea, they soon appreciate the benefits of using remote bookkeeping. Virtual bookkeeping permits a bookkeeper or accountant to offer services remotely....

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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.

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