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- HOW TO RESET QUICKBOOKS SMALL BUSINESS ACCOUNTING HOW TO
- HOW TO RESET QUICKBOOKS SMALL BUSINESS ACCOUNTING SOFTWARE
Ain’t nobody got time for that! You have a business to run for crying out loud.
HOW TO RESET QUICKBOOKS SMALL BUSINESS ACCOUNTING SOFTWARE
The learning curve on software like this can be so steep, that it almost makes it so that you need an accounting degree or bookkeeping certification just to be able to use it effectively and to its fullest potential.
HOW TO RESET QUICKBOOKS SMALL BUSINESS ACCOUNTING HOW TO
If you eventually learn how to use Quickbooks, it can be an amazing tool to help you to track expenses, file & pay your taxes on time, create a more profitable business, and manage your monthly or quarterly budget. Just let me work on my business without needing an advanced degree to do it! ISSUE #2: TIME PRIORITIZATION Balance this, counterbalance that… ugh, I have a headache already. It’s not exactly a mobile-friendly setup and with all of the different dashboards it can be difficult to figure out any clearly helpful information. You’re in Quickbooks, at most, once a month. You know you should be tracking your numbers… you’ve just purchased Quickbooks Online, you’re now subscribed to the monthly fee, so you figure you’re “paying to get that problem out of the way” – problem is, now that you have the numbers, if you don’t use them to take the right action, you might as well have wasted the money or used it for something more valuable like marketing to get more clients.
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Now that we have those out of the way, let’s go more in-depth into whether Quickbooks is the right solution for you.īUSINESS ISSUES: THE PROS AND CONS OF QUICKBOOKS ISSUE #1: YOU NEED TO TRACK YOUR NUMBERS If you answered “Yes, that’s me!” to 2 or more of the assumptions above, keep reading. Here are the basic assumptions behind our main question, which is… “ Do I need Quickbooks for my small business?” BASIC ASSUMPTIONS ABOUT YOUĪssumption #1: You have a business and clients.Īssumption #2: You know that you should be doing accounting and bookkeeping, but you haven’t been staying on top of it.Īssumption #3: You may have subscribed to a Quickbooks plan, but the complexity made you give up or barely ever log in ( I’m guilty of this.) ( Note: This example may or may not be based on personal experience.) So of course, I won’t be bashing being a “bean-counter” of sorts, but rather we’ll take a look at how to best utilize something like Quickbooks so that your brain doesn’t experience severe trauma and eventually initiate complete shutdown, resulting in an autopilot response of grabbing a pint of Haagen-Daz from the freezer and sulking on your couch watching reruns of How I Met Your Mother. Now, I’m not disputing that basic bookkeeping and accounting ( or at least knowing your numbers) is important for small business owners, in fact, it might just be one of those basic principles that must be understood in order to survive – money is oxygen for your business and when you run out of money, your business dies. Instead, we’ll be exclusively discussing Quickbooks Online, and whether or not YOU as a small business owner actually need it for your business. We won’t be touching on the desktop version as this software is frequently used by Quickbooks power users (translation: bookkeepers, accountants, comptrollers) and can also be a bit outdated, depending on what version you have. In this article, we will dissect, piece by piece, the beast that is called Quickbooks Online. And, also, it is a source of unending frustration for small business owners and solopreneurs who don’t have deep accounting skills. Still, the fact remains, Quickbooks is the market leader for small business accounting tools. I’m being a tad dramatic for illustrative purposes, ( and possibly a touch perplexed about why cheap, high quality, hair transplants aren’t a thing yet).
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You don’t have an accountant, you say? Ok, let’s talk. Don’t fret! There is no reason to pull your hair out – thanks to the wonderful software from our friends at Intuit – your accountant has everything they need to keep your books in order.