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QuickBooks Do’s and Don’ts

Are you a total QuickBook® newbie? Do you need a few tricks to get you on the right track? We have some awesome do’s and don’ts to help you get the hang of the accounting software for your small business. 

Do: Download QuickBooks!

If you don’t have QuickBooks yet, what are you waiting for? Whether you decide to choose the desktop or online version, you will have a quick, easy way to access your books electronically and organize your small business’ finances. At Money Matters, we connect you to wholesale pricing on QuickBooks products. If you’d like a pricing estimate, contact us today!

QuickBooks Do: Utilize Automations

The QuickBooks automations are a lifesaver; take advantage of them! As long as you connect your bank accounts and any account you utilize for transactions, like credit cards or your PayPal account, QuickBooks will easily take care of monotonous bookkeeping tasks like categorizing your transactions, making balancing your accounts easier than ever. The key is to make sure you have all the necessary accounts connected to ensure you’re keeping track of all transactions.

QuickBooks Do: Pay Attention to the Data

QuickBooks will generate reports for you using your data. It’s your job to pay attention to the reports and customize them to fit your needs, to help you use them to your advantage so you can  ensure your business is staying on track with its budget.

QuickBooks Do: Take Advantage of Multi-Users

Depending on the version of QuickBooks you have, multiple users will be able to access QuickBooks at the same time in different locations. This real-time access will help keep the data accurate across the board and across teams.

QuickBooks Don’t: Fail to Log Information

QuickBooks can only do a good job if you’re using the software efficiently and logging everything you need for your accounting books, that means creating transactions regularly. If you’re not logging expenses and income, your numbers will be off.

QuickBooks Don’t: Integrate too Many Add-Ons

Add-ons are helpful, but they’re useless if they don’t serve your purpose. Don’t add add-ons just to have them, they may get in the way of your productivity.

QuickBooks Don’t: Add Too Many Users

Utilizing the multi-user function is great, but if you have too many users and no admin, you could run into issues. The admin can restrict use to certain features or information, which helps prevent sensitive data from getting into the wrong hands.

At Money Matters, we aim to keep bookkeeping affordable and manageable for your small business. Contact us today for QuickBooks support and training.

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