Learning is a life long pastime and this month I'm sharing the 3 things I learned. Nothing major. Just some little things that made my life easier or helped me move a project forward.
Like I said, nothing major, just some simple things that prove that you can teach an old accountant new tricks!
This week we take an excerpt from the monthly QuickBooks User Group that was all about Money In. These 4 rules of Money In for your business work through the steps to keep money coming in and give you some common sense guidance on how to keep it simple.
Intuit has announced a major change to the ProAdvisor's wholesale billing discount as retail prices are scheduled to increase by 14 - 25% in coming months. What does this mean? For end users paying for their own subscription, this is a direct hit to your bottom line starting in September. For end users who have their bookkeepers paying for their subscription, expect a price increase this summer. And for accounting and bookkeeping offices, it's time to consider a remote desktop solution as a viable alternative to QBO based on price especially for clients with multiple company files.
QBO has a little known feature where they roll out and beta test new features called QuickBooks Labs. This video will show you how to access the Labs and turn on the newest beta test feature: Dark Mode. This trend is happening on apps everywhere and QBO will not be left behind.
A much talked about and finally released feature in QBO is View Statements which allows you to download bank statements (or credit card statements) from connected banks. This saves you time in downloading and saving the statements directly from the bank account prior to reconciling. After reconciling, you can even attach the bank statement directly with the reconciliation report.
For a list of banks connected as of December 9, 2020 click here:
Keyboard shortcuts aren't dead! They can save you keystrokes and mouse-clicks which will add up to saving you time.
Check out a complete list of QuickBooks Desktop shortcuts here: https://quickbooks.intuit.com/learn-support/en-us/write-checks/keyboard-shortcuts-in-quickbooks-desktop/00/202588
Check out a complete list of QuickBooks Online shortcuts here: https://quickbooks.intuit.com/learn-support/en-us/configure-products/keyboard-shortcuts-for-quickbooks-online/00/185619
From time to time you may discover that you have multiple accounts tracking the same thing and it causes confusion when you are recording transactions. Well, there is a little known trick within QuickBooks products that allows you to merge two accounts which retains all of the details of the transaction, but combines them into the correct account. This tool can be considered a life saver! Watch the video to learn how to merge accounts in QB Desktop and QB Online.
From time to time a business will need to add new accounts to their chart of accounts. This video shows you the steps to adding an account in both the QuickBooks Desktop and QuickBooks Online platforms. Never be nervous about adding a new account again!
Having a reliable back up is essential to making sure your QB files are available to you if something catastrophic happens (computer melt down, flood, fire, or bad import!). In this video, I show you how to set up the QuickBooks Desktop backup as well as my most recommended option for the QuickBooks Online backup. And, yes, you should be backing up your QBO files!
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