5 QuickBooks Reports You Need
Getting all of your accounting tasks done in December is always a challenge. Besides the vacation time you and your employees probably took for the holidays, there are those year-end, "Let's-wrap-it-up-by-December-31" projects. Besides paying bills and chasing payments, submitting taxes and counting inventory in December, there's another item that should have been on your to-do list: creating end-of-year reports. If you didn't get this done, it's not too late. It's important to have this information as you begin the New Year and QuickBooks can provide it.
Working with QuickBooks’ Vendor Records
QuickBooks never forgets. That is one of the reasons you use it. You create a record or transaction, enter a note about a customer, or write a check, for example, and the information gets stored in your QuickBooks file. If you do not remember exactly where it is, you can search for it. If you are just starting to use QuickBooks, part of your setup will involve entering vendor details in the record template the software supplies. If you have been a QuickBooks user for a while, but you have only supplied enough information about vendors to create transactions, consider fleshing out those elements of your accounting file as you have time.
All About Sales Receipts
You know how important it is to obtain receipts for the expenses you and your employees incur. You need to record them, analyze their impact on your cash flow, and claim some of them on your income taxes. QuickBooks supports the creation and tracking of sales receipts. It manages the mechanics of this important task incredibly well and eliminates the need to enter receipt data twice, once on a paper copy for your customer and again in your accounting system. This QuickBooks feature not only minimizes errors but saves time and lessens the possibility of disputes down the road.
Using QuickBooks’ Income Tracker
Sometimes, especially first thing in the morning as you're planning your day, you just want to cut to the chase and get a quick overview of your company's finances. That's where QuickBooks' Income Tracker comes in. It not only provides that overview, but it also contains links to related screens where you can do the work that's needed there.