When it comes to small business accounting software, one of the most recognized names today is QuickBooks. Where bookkeeping is concerned, it is popular for the following reasons:
- Keeps everything in one place
- Helps organize finances
- It’s easy to use
Users can explore a variety of compatibilities and features because QuickBooks for Bookkeeping comes in different types. In the managing of important small business aspects, one of the most powerful tools to have in your repertoire is QuickBooks.
Any number of things can be learned once you make the decision to do your bookkeeping using QB (QuickBooks). Here, we’ll show you why, for your business needs, QB helps you create a strong bookkeeping system.
Ask an Accountant
Have this feature ready if you need to know more about transactions or if you have any questions. Before you file your taxes, it is essential that you have transactions coded properly and that you review all your transactions.
Memorized Transactions
With this tool, you can make everything super simple. Thanks to memorized transactions, you can do all of the following:
- Write a journal entry
- Create invoices
- Enter your bills
- Automatically check payments
There are a number of ways this feature can be activated.
Undeposited Funds
Some people have a hard time understanding this feature. Later, we’ll show you the best way to gain an understanding of QuickBooks and have all your questions answered. Though similar to your recorded QB customer payments file, this account deals with deposits not in the bank. You increase your un-deposited funds when you receive payment, which in turn decreases your accounts receivable.
Bills on QuickBooks
Accounts payable can be handled with QuickBooks. You can enter your bills and pay them immediately with this piece of software. Learn to print your checks or use the bill payment online.
Reconciling Accounts
Of all tasks, this is probably one of the most crucial. All your transactions will be recorded when you reconcile your accounts into QuickBooks. For every account you have, however, you must reconcile. Include credit cards, lines of credit, loans, bank accounts, etc.
Business Owners
If, for some time, you’ve been operating a business, to match with your account’s records, QuickBooks is an ideal tool to have and utilize. It can be pretty overwhelming, trying to fill out, file, and access all the pieces of information required with which to run a business. QuickBooks, once you get the hang of it, makes the running of your business simpler and easier to keep on track.
The Best Way to Utilize QuickBooks For Bookkeeping
Could you use a little help with your bookkeeping? QuickBooks is an indispensable tool for today’s medium-sized to small business owners. Not sure about how to utilize QuickBooks to your best advantage? No problem. We, at Fourlane, can tell you everything you need to know.
Our team of certified QuickBooks Pro advisors, with thousands of QuickBooks implementations involving numerous trades and industries, has the expertise upon which you can rely. Let us be your most trusted business advisor!
Contact us today to find out more about QuickBooks, bookkeeping, and everything else we have to offer.
