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QuickBooks Online is a leading small business accounting software, offering a wide range of accounting features that empower businesses to streamline their financial operations. From invoicing and inventory management to workflow customization, it has all the tools you need to manage all your accounting tasks.In this article, let’s take...
While QuickBooks Online can be customized to almost any type of business, it lacks industry-specific tools that are needed for efficient farm management. That’s why QuickBooks has introduced a new integration with Figured, a farm management application. This integration is designed to help farmers, accountants, and agricultural advisors streamline their...
Whether you want to automatically categorize transactions from a specific vendor or automatically assign customer payments to the correct income accounts, bank rules in QuickBooks Online can help you streamline your financial management. They can help save you time and effort while providing the financial insights you need to...
Managing payroll and time tracking for employees are some of the most challenging aspects of running a business. These tasks come with a lot of complexities and responsibilities, but they are also crucial for the smooth functioning of any organization. To make life easier for both business owners and their...
Businesses seeking a more efficient way to manage invoice approval processes can now take advantage of the new feature introduced in QuickBooks Online Advanced—multi-condition approval workflows. This new feature is designed to simplify the process of handling invoice approvals by allowing users to set multiple conditions, making it easier to...
If you bill clients by the hour, it's essential to provide them with accurate invoices. This means you have to accurately record the time you spend on projects. QuickBooks Online offers basic time tracking features that let you enter time entries for one-off tasks or single time activities. In this...
Whether you're moving money between checking and savings accounts, making loan payments, or reconciling transactions, QuickBooks Online allows you to effectively transfer funds between bank accounts. In this article, we'll show how to record the transfer and then review the transfer in the bank account register.
Businesses may encounter situations where they receive defective or subpar products from their suppliers. In such cases, they often return these items and request a credit from the vendor. However, the vendor may not be able to process the credit immediately, leading to the need for a delayed credit entry. In...
When it comes to financial records, even a small error or omission can have significant consequences. For example, accidentally entering a transaction in the wrong period can distort financial statements and mislead decision-makers. This is why setting closing dates in QuickBooks Online is a crucial practice for safeguarding the accuracy...
Recording customer payments directly into your bank account in QuickBooks Online can lead to discrepancies between your financial records and your actual bank statements. This can make reconciliation difficult and result in errors. Luckily, QuickBooks Online offers a solution to this problem using the Undeposited Funds account. In this article, we’ll...
