BudgetEase Blog - Making YOU Profitable™

1. Old uncleared checks in the bank register

2. Payments in Undeposited Funds that have been deposited

3. Payments on invoices that have been deleted

4. Unreconciled bank accounts going back a year

Auditing your QuickBooks monthly not only ensures your financial information is correct, but it also helps you to make better business decisions. If you haven’t done so already, complete this quick checklist to ensure your QuickBooks are in order. The following are the five most common mistakes found in a quick audit and how to fix them.

The chart of accounts is the set of accounts that show up on your balance sheet and profit and loss statement that you put your transactions into. In this video, learn how to set up a quality, but high-level chart of accounts in QuickBooks Online.

1. Determine the best type of business entity to conduct your business. The major choices include sole proprietorship, partnership, limited liability company LLC, corporation, and non profit.

How much time out of your week or month do you and your staff spend on keeping up with the books? So many small business owners wear many hats, but their true strengths need to be spent on making the business operate and grow, rather than tracking and reconciling.

Managing your business's bookkeeping on your own can be challenging. Learn about the pros and cons of the different levels QuickBooks Online has to offer and determine which version will help your business be more profitable.

We see so many small business owners stockpiling receipts, using Excel spreadsheets or even pen and paper to track their sales and expenses. They’re comfortable with their system because there are few transactions, they get the information they need and they think they don’t have the time to do more.

How are you doing now that spring has sprung? Feeling lighter, brighter and refreshed? We hope both you and your business are bouncing along nicely into spring. How do you know if this year will blossom, or if parts of the business are late bloomers and dragging you down?

Troubleshooting QuickBooks Issues for a NonProfit

Challenges:

1. There is an “.ADR” file extension appearing on the files within the QuickBooks Desktop folder.
2. The nonprofit can’t create a usable, portable file.
3. There are two users accessing QuickBooks from the organization, BUT only one person can use the file at a time.

Your Financial Software Could Save You Time!

You wear many hats. Your time is your money. Want to save yourself and your accountant time on communication and financial reporting? We recommend using QuickBooks to share files and reports with your accountant.