Overspending, not understanding, and inability to maintain records often led many entrepreneurs, small business owners, and self-employed persons to the stress and frustration that is so often a result of heavy banking bookkeeping. Thankfully for them and for all those who are finding themselves without the needed skills or time, there is a way out.
What is QuickBooks?
QuickBooks is software that lets you do your bookkeeping with just a few keystrokes or clicks of the mouse. It can handle your accounts receivable, payroll, inventory, and job costing, too. You’ll be amazed at how quick and easy it is to take care of the paperwork for your business. This is a program that helps you with accounting and managing financial records. You can use this software to manage invoice payments, payroll, invoices, and other accounting tasks. QuickBooks is a series of business accounting software published by Intuit. It manages the work of creating entries, analyzing data, and other tasks connected with running a business. QuickBooks was designed to help small businesses manage their books and stay organized. You can create invoices, purchase orders, track expenses, and do much more with this easy accounting software. QuickBooks is customizable as well--almost any small business owner should be able to figure out how to use it without a lot of help.
How to Use QuickBooks?
QuickBooks is a system that can easily track your turnovers, balance your books, and generate reports. Here are the best ways to use this program:
1. Recording Customer Receipts- You should always detail what you purchased from a customer to give you an accurate picture of your cash flow for a given period.
2. Quickly Balance Your Books- If you're running a tight ship, oftentimes it might not be necessary to have every transaction in your ledger balanced at the end of each day unless you're conducting large transactions with very little expenses.
3. Reporting- HR reports, inventory reports, budget results, sales trends-- What is Quickbooks -- they're all achievable with QuickBooks and even easier to design than packages from others As the world's leading provider of business accounting software, QuickBooks prides itself on being an easy-to-use product while still having enough robust features to be useful for advanced users. That's why it offers a free edition designed to be simple, intuitive, and perfect for beginners as well as monthly paid subscriptions which unlock unlimited reporting and multi-user functionality.
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How to Set up QuickBooks?
Fortunately, regardless of your version, the setup is the same for all QuickBooks desktop versions, including Desktop Pro Plus, Premier, and Enterprise. The installation and configuration of QuickBooks are described in depth here.
- Check out the download page.
- Select the required product and version.
- select search, then select download.
- After downloading QuickBooks, install it. Pick Next in the Setup Wizard. The install logo can be selected from the desktop or download location if the download doesn't start right away.
- Prior to choosing to Accept and Continue, carefully read the licensing agreement.
- Type in the licence and product numbers. If you don't have the licence or product numbers, pick the location. It will direct you to a page where you may get the phone number for your business to get those details. If not, all it takes is signing into your Intuit account to access them.
- Then press the button.
- The first option should be Express for Standalone Machine Workstation.
- Choose Custom and Network to install on a server.
- Then press the button.
- You might be given the choice to upgrade or move the installation of QuickBooks if it has already been downloaded to your computer.
- It will automatically install.
- Select QuickBooks Open.
- When installing QuickBooks for the first time, your computer will need to restart.
- In order to activate QuickBooks Desktop, select Begin Activation.
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Conclusion:
If there are any questions we didn't answer or you feel like you're still not clear about what QuickBooks is, please let us know via the contact form on our website.
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