Managing payroll can often appear to be an overwhelmingly large task, with numerous tasks to complete. But don't worry, we've simplified it for you. Five essential employer payroll responsibilities No matter the size or complexity of the job, payroll can be simplified into five fundamental tasks: Paying your employees’ wages Calculating and...
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...
This applies whether you’re just launching a business or you’re going online with an existing company. Take some time to get acquainted with QuickBooks Online. Your first hour with QuickBooks Online, or any web-based application for that matter, is probably spent exploring. Clicking buttons, links, and other navigation tools will help you to get the lay of the land.
QuickBooks Online should be no different. In fact, it’s even more important to take it slow when you’re using an accounting solution. If you start entering data without understanding how everything works together, you may make mistakes early on that will be difficult to undo down the road. Without further ado, let’s jump into your first hour with QuickBooks Online!
Considering processing your own payroll in QuickBooks? Whether you’re moving from a payroll service or getting ready to pay your first employee, you’re taking on a complex set of tasks that requires a great deal of setup and absolute precision. But the reward is complete control over your compensation records and transactions, and constant access to your payroll data.
If you have no experience dealing with paychecks, deductions, and payroll taxes, we strongly recommend that you let us help you get started. QuickBooks simplifies the actual mechanics of setting up and running payroll, but there’s still a lot you need to know.
It goes without saying that accuracy is critical here. You’re responsible for your employees’ livelihoods and for maintaining any benefits they’ll receive. Federal, state, and local taxing agencies will count on you to submit the proper payroll taxes and filings on time; failure to do so can result in stiff penalties and worse.
Will multiple employees be working with your QuickBooks company file? You’ll need to define their permission levels.
So, you want to know how to setup user access in QuickBooks? If your bookkeeping was ever done manually, then one thing is for sure… You probably did not allow every employee to see every sales form, account register, and payroll stub. Most likely, you have established a system that allowed staff to work only with information that related to their jobs. For instance, there may be times when someone pulls the wrong file folder and sends a report containing confidential information. So now that you understand why this is so important, let’s get on with how to setup user access in QuickBooks.
QuickBooks helps prevent this by setting virtual boundaries. You can specify which features of the software is accessible by employees who work with your accounting data. Each employee receives a unique user name and password that unlocks only the areas he or she should be visiting.
To help minimize errors, maintain data integrity, and preserve confidentiality, QuickBooks lets you restrict users to designated areas in the software.
Accounting is about more than just numbers. QuickBooks lets you make documents available from within the program itself.
You could call QuickBooks a “green” computer program. It can conserve reams of paper by storing customer and vendor records, for example, emailing transaction forms, and accepting online payments.
Most small businesses are a long way from being “paperless offices,” despite the predictions so many people made when PCs became commonplace. Even though you’re making an effort to be as digital as possible with your accounting files, not everyone else is yet. So you still have to deal with paper.
And you’re probably still consulting paper documents, stored computer files, or scanned images that relate to your accounting data. QuickBooks makes it possible to keep this information close at hand, easily accessible from the software itself. With this article, “How to Add Documents in QuickBooks,” you’ll be keeping this information close at hand in no time!
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 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.
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:
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.
Intuit gives QuickBooks Desktop users options to configure their installation – whether installing it on a single PC, or on PCs networked together.