QuickBooks Tips to Streamline Your Accounting Process and Maximize Efficiency
Are you a bookkeeper seeking to ease your accounting procedures? Leverage on QuickBooks, the best accounting software in the market.
It is equipped with features you need to grow your small business. With instant access to customers, clients, and database, you can't help but watch your business grow. Here are a few top tips for using QuickBooks.
1. Reconcile Your Accounts
Reconciling your account can be a tad difficult, especially if you have to go by the rules of account reconciliation. However, Quickbook gives you a clear account of what your business concern is about. The tip is that on receipt of payment, always ensure it aligns with your QuickBooks regulations.
2. Employee management
Managing your Employee is one of the core benefits of using QuickBooks. Therefore, when you use are using this software to pay your employees, you can visit the employee tab, which takes you to the employee center. From there, quick books can help you manage payment, tax payments, and other payroll concerns. With QuickBooks, you can manage employees better.
3. Secure your Data on QuickBooks
Backing up Your data is integral to the growth of your business; as such, you need to ensure that your data is properly secure, to avoid any occurrence of fraud, whatsoever. You can also back up your data using QuickBooks. When you use the QuickBooks online version, your data is stored on a cloud database where it is secure.
Prior versions of QuickBooks have shown an inability to customize, which is not often satisfactory to customers' preference. However, The newer versions come with a customizable interface. Therefore, to customize, recreate an old format or make an adjustment, on the new version of QuickBooks, you can follow the steps Edit>Preference>Desktop
5. Turning off spellcheck
The spellcheck elicits different reactions from users. It can be very difficult to use when typing unique names such as a customer, staff, or company names, respectively. Therefore, if the spell check delays your work, you can set your preference by going to Edit>Preference>Speller> uncheck the box that signifies always check the spelling.
6. Limit Access
There is a high possibility that your books are managed by different people. Therefore, opening access from top management to lower levels can lead to tardy management. Therefore restricting access is often a choice option. To restrict access, select the different users and put them in their respective access categories based on their task.
7. Making online payment
Making Online payment with QuickBooks minimizes the costs significantly. It frees you up from the stress of making physical contact with your clients. To make an online payment, set-up your bank information, link the bank account with your QuickBooks which can be used to make payments into your account. As regards charges, 50cents is paltry compared to what is charged on other platforms.
8. To Link Your Email to QuickBooks
When your transactions don't require physical contact, you need a convenient tracking system, as it frees you up to attend to other transactions. Therefore, it is convenient for you to link your email to your quick books. When linked, the QuickBooks sends invoices directly to your customers. Furthermore, you can link Outlook, Yahoo, Gmail, and other platforms.
9 Tips To Looking up Double Entry
Double Entry principle is the standard for all accounting procedures. Therefore, QuickBooks follows the same principle. If you use QuickBooks and want to check up if they follow the double-entry principles, just go to your transactions> Reports> Transaction journal. Here, you can check if your transactions follow the double-entry principle.
Another way to Use the QuickBooks feature is to communicate with staff. Using the QuickBooks windows, you can chat with your team, ensuring a seamless communication flow. The team can sort out issues without having a communication gap. To chat with customers, Open up company> Chat with a co-worker and commence your chat.
QuickBooks is a powerful software that keeps you up to speed in your accounting practices. However, the knowledge of using it often evades the users. This article mentions tips like reconciling your bank account, chat, customize your accounts, look up a double entry, make an online payment, etc. These tips are certain to help you dial in your accounting practices.