Small businesses need to stay on top of their accounting practices. Understanding how money comes in and when it goes out ensures that a business is managing its cashflow properly. Managing your vendors in QuickBooks can be summarized in 5 simple points.
Setting-Up Chart of Accounts in QuickBooks
Setting-Up Chart of Accounts in QuickBooks The Chart of Accounts is the heart of your QuickBooks installation. Your chart of accounts indicates the expense and income category accounts you’re using, it identifies assets and debts, and sets the framework for your business going forward. Setting up your Chart of Accounts correctly is key to getting […]
Tips for Reconciling Your Bank Account with QuickBooks
One of the most basic accounting tasks you’re going to do with QuickBooks in your small business is to reconcile a bank account. While most of the time the process will be smooth and easy, sometimes you’ll wind up with a discrepancy. QuickBooks makes it easy and fast to reconcile the account and close out […]