Use Accounting Ratios to Stave Off Financial Problems

Does the mere mention of accounting ratios may put your teeth on edge, and bring back bad memories of Accounting 101? It shouldn’t as ratios can help you quickly determine how your business compares against others.

Banks often use ratios to analyze your financial statements as part of the loan approval process, so it’s helpful to know in advance how… Continue reading

What QuickBooks’ Calendar Can Do for You

Yet another calendar? Yes. It’s a good idea to use QuickBooks’ calendar to stay on top of your financial transactions.

These days, some of us find ourselves updating multiple calendars. There’s the Outlook calendar or other web-based solution for scheduling and task management. Maybe a smartphone app to track to-do’s on the road, and a paper calendar as backup.

But… Continue reading

Adding Documents in QuickBooks

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… Continue reading

Year-End QuickBooks Closing Checklist

As this year comes to an end, below is a checklist for QuickBooks year-end closing.

  • Get Organized – Finding all of your receipts for any deductions you may be claiming on your tax return.
  • Review Personal Bank Statements – For any business charges you paid for out of your personal account.
  • Review Business Bank Statements – For any personal charges… Continue reading

Accounting For Time In QuickBooks

If you sell services to your customers, you’ll need to understand how to use QuickBooks’ time-tracking features.

Small businesses that sell products have to do a constant balancing act. Keep too much inventory on hand, and you’re sitting on potential profits. If you don’t order enough and you run out, your customers may go to a competitor. QuickBooks provides tools… Continue reading

Customize Forms for a More Professional Image

You probably don’t get as many paper forms in the U.S. Mail as you used to. But when you do, do you draw conclusions about the business that sent them based on what their forms look like?

Whether or not you think you do, most people make judgments on businesses based on collateral materials. You might notice that there’s no… Continue reading

Why You Should Be Using Mobile Apps with QuickBooks

Intuit discontinued its own QuickBooks mobile app a while back, but there’s still plenty of processing power available for your smartphone or tablet.

In days gone by, running a company was a 40 hour per week proposition. You might have taken work home some evenings or gone into the office on weekends.

Those days are over, thanks to the internet… Continue reading

Depositing Payments in QuickBooks: The Basics

Creating bank deposits manually can be a huge chore. QuickBooks simplifies this task.

Satisfying though it may be to enter all of those customer payments manually on a paper deposit slip, it can also be tedious and time-consuming. The more successful in business you are, the more time and care it takes.

Whether you accept cash, checks, or credit/debit cards,… Continue reading

Preventing Data Theft in QuickBooks

Be proactive about the security of your QuickBooks company file and you’ll be less likely to encounter data theft.

Thanks to the internet, privacy has been on the wane over the last few years. We assume that our addresses and phone numbers are public information, thanks to sites like Switchboard and 411.com. We hope that our dates of birth are… Continue reading

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