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Seven Ways to Search QuickBooksOver time, your QuickBooks company can grow in size to the point that it becomes difficult to find specific transactions. For instance, let’s say that you hire a new employee, and want to order another desk to match the ones in your office. You vaguely remember the last time that you ordered a desk, but can’t remember which vendor, or how much you paid. In this article we’ll discuss seven ways that you can search QuickBooks to find transactions such as this, or when necessary, determine if a transaction was deleted. Read the article »
16 Bank Reconciliation Tips and TricksAlthough it may seem like drudgery, reconciling your bank account is a critical accounting task that you should carry out each month. Doing so helps ensure the integrity of your financial reports, since most of your accounting transactions ultimately affect cash in some fashion. Further, QuickBooks is a much more powerful tool for your business if you use it to its fullest extent. Most likely you’ve been reconciling your bank account all along, so in this article we’ll discuss the tricks and techniques you need to know to streamline the process. Read the article »
First Look: QuickBooks 2009QuickBooks 2009 has just been released and you’ll find a number of improvements that are sure to be helpful. Of course, the introduction of a new release also means the discontinuation of support for an old release—QuickBooks will end support for QuickBooks 2006 as of May 31, 2009. This means that after that date you’ll no longer able to request technical assistance from Intuit, and services such as payroll, merchant service, online banking, and so on will no longer be accessible. With that background in mind, let’s explore what’s new! Read the article »
Use Closing Date to Protect Prior Year DataYou’ll likely be closing the books on 2008 soon and your records will become the basis for your tax return. It’s critical that your QuickBooks records for a given year match the corresponding tax return, so consider setting a closing date in QuickBooks so that no one inadvertently changes the supporting documents for your tax return. Read the article »
7 Ways to Use QuickBooks to Manage CollectionsIn these trying economic times, it’s more important than ever to keep a close rein on your accounts receivable. Seemingly no one is immune to sudden changes in financial circumstances, so be sure to monitor your outstanding invoices closely. Read the article »
Save Time with these QuickBooks W-2 and 1099 TricksIn this article we’ll explore how to print W-2s and 1099s in QuickBooks, along with a couple filing tricks you may not know. For instance, you can order W-2 and 1099 forms for free from the IRS instead of purchasing them from a form supplier. Further, small businesses with 20 or fewer employees print and file W-2 forms online for free via the Social Security Administration. Read the article »
4 Ways You Can Use QuickBooks to Manage Prices in a Down EconomyPundits are now noting that we’re living in a period of “accelerated change.” Indeed, the ground does seem to be shifting beneath us almost faster than we can comprehend, so it’s important to stay nimble in these difficult times. One way you can do so is to closely manage your prices. In some cases you may need to ratchet your prices up to cover a commodity cost-spike. Or, you may want to offer special deals to your best customers to help retain their business. In this article we’ll discuss four methods you can use to manage prices (and change) within QuickBooks. Read the article »
5 Ways To Audit Your Quickbooks ActivityIn the past QuickBooks had an optional Audit Trail feature that you could choose whether or not to enable. However, recent versions of the program automatically enable Audit Trail, so every change made to a transaction in QuickBooks is logged automatically. Read the article »
Recording Infrequent Transactions in QuickBooksDay-to-day transactions like receiving payments from customers or paying vendors occur so frequently that most QuickBooks users do them automatically. However, from time to time you may encounter an infrequent transaction that will stop you in your tracks. In this article we'll discuss several common tricky transactions and offer advice on how to handle them. Read the article »
Tune Up Your Business Plan with QuickBooksDo you have a business plan? If you don’t, even if you’re a sole proprietor, you should. Business plans can be a good barometer for the health of your finances as a way to gauge whether or not you’re on the right path. If you don’t have a business path (or if yours is less than organized or polished), you can use QuickBooks’ tools to create or fine-tune one. Read the article »
Settle Up Fast with Quickbooks’ Bill Paying ToolsSome of the financial crystal ball-types are telling us there are signs that the recession may be drawing some of its last breaths. But those bills are still coming in, and you may have had a long, dry summer and less income that you can use to meet those business obligations. Read the article »
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