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QuickBooks Software Information

Archive for November, 2009

QuickBooks work from home

Author: QuickBooks-Fan
November 18, 2009

With jobs hard to find it is important to check all avenues for work. If you are able to use QuickBooks then you can try QuickBooks work from home. It gives you an advantage if you complete the QuickBooks Certified User program. You can find prospective clients through wants ads, online job postings or having your own website.

Many businesses will want a part time person or someone that can work from home because of lack of space. Also the employer will save on employee benefits from someone that is working from home. The advantages for you are huge. You can make your own hours, work in your pjs and even take on two jobs if you can find them.

Information On QuickBooks

Author: QuickBooks-Fan
November 16, 2009

Most people that use QuickBooks for small business accounting needs have very little or no experience as an accountant. That is what makes QuickBooks the big seller that it is today. But your lack of experience can cause you to make mistakes in your QuickBooks entries and not even realize it. Finding information on QuickBooks is easy but you may not find the information that will help you find your mistakes.  You can periodically look for these errors and correct them. Fixing your errors from time to time will give you less of a headache at the end of the year when you have to do taxes.

Here are some tips for finding those errors in QuickBooks.

Update your Federal and State Tax information. This is a common mistake to use the information that was put in last year. Keep up with the changing tax tables.
Simplify the chart of accounts. To keep the chart of accounts simple you will reduce the chance of errors like duplication.
Make a backup of your QuickBooks data. It is best to do regular backups of your QuickBooks files. If you make a mistake you can correct it by using the backup file.
Set a schedule to check the accounts payable aging summary report. Don’t let bills due sit in the accounts payable, stay on top of what you have to pay and pay your bills on time.

QuickBooks Simple Start

Author: QuickBooks-Fan
November 15, 2009

If you feel that business accounting is going to be your biggest challenge with opening a small business then you have to look into getting QuickBooks Simple Start. At Intuits’ website they have the free download version or the paid version for $99.95

With the free version you can track up to 20 contacts and with the paid version you can track over 10,000. Other then that they are the same. You only have to answer three easy questions to get started with this software. It is very easy to learn and use. You can make your business professional without spending much money. This is a must for the small business that is just starting off.

Quickbooks Support

Author: QuickBooks-Fan
November 14, 2009

If you are using QuickBooks then you probaly have learned alot about using the software. There are many little things that you can do to help handle the accounts. You can check QuickBooks support, but sometimes it is not clear what to do. But what to do if you have a bounced check? Here are some simplified instructions:

In QuickBooks go to Lists then Chart of Accounts and create a new bank account called “Clearing account”. 
Then go to Lists and Item List and create a new Other Charge item called Bounced Check mapped to the clearing account you created above.  Create another Other Charge item called Bounced Check Fees mapped to your bank service fee account.   
Go to Customers and Credit Memo/Refund.  If you have sales reps, modify the credit memo to include the sales rep box by clicking on the Customize button and checking the Screen box next to Sales Rep.  Use the bounced check item you created above and enter the amount of the returned check.  The sales rep box doesn’t automatically populate so if you have sales reps make sure to enter the rep, otherwise your Sales by Rep report will be overstated. 
After you save the credit memo, you’ll be given a list of options.  Select Give a Refund.  Unclick the box next to To be printed, enter the date the check was returned, enter EFT for the check #, and enter something like “check returned NSF” for the Memo. 
Go to Customers and Create Invoice and re-invoice the customer.  Use the bounced check item you created above and enter the amount of the returned check.  The sales rep box should automatically populate.  If it doesn’t, enter the rep.  Use the bounced check fee item you created above to pass on any returned check fees your bank charged you.

Quickbooks Payroll

Author: QuickBooks-Fan
November 13, 2009

In business payroll is the wages, salaries, bonuses and deductions.  Typically payroll is handed out to employees in the form of a paper paycheck.  But times are changing. Automatic Deposit is a very popular form of receiving pay which means that that money that the company is paying you is automatically deposited into your bank account.  This is very popular because employees do not have to get to the bank on time or deal with lines at the bank.

Another form of payroll that is quickly becoming popular is the pre-paid debit card.  In this case the business will give it’s employees a debit card that is loaded with their pay. They can use these cards much like any debit card.  The money can put into the card automatically each pay period.

If you use accounting software like QuickBooks you can use the QuickBooks payroll system to process payroll easily.

November 12, 2009

Trying to figure out which software you need can be very time consuming. Here are the QuickBooks choices for 2010.

QuickBooks Free Simple Start – this one is free and is for download only. You would want this one if you have very simple needs like creating invoices, paying bills and  tracking expenses.

QuickBooks Pro 2010 – starting at $199.95. This one is good for small businesses making accounting easy and very organized.

QuickBooks Premier 2010 – starting at $399.95. This one has all the features of QuickBooks Pro and tools designed for your clients industry and advanced reports.

QuickBooks Accountant 2010 – starting at $299.95 (discounted from $399.95). Save up to 4 hours hours per week using Client Data Review which allows you to make changes, find errors and get organized all in one place.

Whichever QuickBooks you choose make sure that you get help or find one of the many learning QuickBooks places on the internet.

QuickBooks Export

Author: QuickBooks-Fan
November 11, 2009

One of the many functions in QuickBooks is the QuickBooks export feature. This is a handy function for businesses for a variety of reasons. Some of the reasons are consolidation reporting, creating graphs or charts, improving the reports appearance.

Here are the steps to use the QuickBooks export:

Start QuickBooks. Log in to the administrator account, if there are multiple account choices.

Click on the file menu at the top of the program.

Choose “Export” from the file menu.

Pick the data that you would like to export. Depending on your version of QuickBooks, you can select how you want to format the data that you export

Click “Ok.” At this point, QuickBooks creates the export file and then prompts you to save the file.

Save the export file. Remember where you saved the file so that you can use it later.

QuickBooks Employee Organizer

Author: QuickBooks-Fan
November 10, 2009

Everyone knows that QuickBooks can be used to handle the accounting aspect of a business. But did you know that you can also use QuickBooks to handle employee issues. QuickBooks has a feature called QuickBooks Employee Organizer. This feature can help from the start with the interview and hiring all the way to termination.

You can even have information about state and federal tax laws and regulations so that you do not make any mistakes while handling employee payroll. QuickBooks will even give you email help if you have an employment question.
Also included with QuickBooks Employee Organizer you have access to federal and state government forms. Included with those forms are Cobra notification, job description and INS form I-9.

2009 QuickBooks Accountant

Author: QuickBooks-Fan
November 9, 2009

If you are struggling with the accounting part of your new business and you are trying to keep costs down then you should check out the 2009 Quickbooks accountant software. You can get the one user version of QuickBooks Pro 2009 starting at $49.99 compared to the new QuickBooks 2010 at $199.95. There are 3 improvements that the 2010 QuickBooks has over the 2009 version. You have to decide if it is worth the money to get the new version. The 3 improvements are: organize and backup all your documents in one place, add or edit multiple entries in QuickBooks lists from one spreadsheet view, fast and easy invoice customization. The third one is an improvement from the 2009 version.

If you decide to save money and go with the 2009 QuickBooks make sure that you do your research. Check to see if it the same version, check to see if it is a new version, lastly check to see what the shipping costs are if you are buying online.

Bookkeeping in Quickbooks

Author: QuickBooks-Fan
November 8, 2009

When it is time to find a bookkeeper and if you use QuickBooks your quest is not as hard as you think. You need to look for someone that is able to keep a checkbook and work with a computer. They shouldn’t have a problem understanding QuickBooks.

Bookkeeping in QuickBooks is so easy just about anyone can learn to do it. Bookkeeping is essentially the recording of financial transactions. With QuickBooks it is just a matter of recording in the proper place. Transactions include sales, purchases, income and payments. This job is very different then the accountant. After the bookkeeper puts in the transactions, the accountant can create reports and analyze the records.