Whether you are a bookkeeper or own a business, having a good accounting program to keep track of your finances is a must. With all of the financial and legal requirements in today’s business world Quickbooks allows you to provide timely and accurate reports. As tax time approaches, having your business in order financially is crucial. When using many of the accounting applications out there today, you will likely need assistance to ensure all accounting is done correctly and Quickbooks help will certainly come in handy.
The accounts receivable area of Quickbooks is a spot where mistakes can be not only irritating but also costly. A mistake in this area could cause money owed to you to remain unpaid, or even paying too much in taxes and no one wants that mistake. As tax time comes around, getting Quickbooks help is the best way to be positive that you don’t overpay the government due to simple bookkeeping mistakes that could have easily been avoided.
When looking at your accounts receivable data, does it appear inaccurate? It can be extremely frustrating to look at the balance and know that it is incorrect but not be able to figure out why. You can look at your customer list and are aware of how much they owe, but can see that the balance is incorrect. This is when you find yourself glued to the computer screen for hours looking over and over and not finding the problem. As your eyes glaze over and the problem is not solved, making a call to get some help is a good idea.
If a customer has paid their balance completely but their account still shows an incorrect balance this can distort their profit or loss number. Accurately recording customer payments is important and in order to reflect correct financial statements, the balance in your Quickbooks accounts receivable must be correct. If the customer has a negative balance, it would mean that they have a credit balance and has overpaid their account. If you know they do not have a credit, then the balance in the account is wrong. This can happen when a payment is recorded and an invoice is not. The invoice may have been created and sent, but if not recorded in Quickbooks, the accounts receivable total will not be correct. Payments also can be applied against incorrect invoice or incorrect customer resulting in further mistakes.
Even a mistake as little as mistyping one letter can cause issues in your Quickbooks file. Should you record data for a customer named “Mark’s Auto Repair” in your file you must be sure to always spell the business name the same way. Should you enter the name as “Mark’s Auto Repairs” Quickbooks will recognize it as a separate account and clearly will cause errors in recording. Just one letter “s” added to the name can cause a mess in your bookkeeping records.
If you are a bookkeeper that wants to keep good financial records in an efficient way for your business using Quickbooks is the way to go. Using the software can be challenging alone. The best way to avoid overpaying taxes or hours of frustration is by using Texas Quickbooks Help to go over your Quickbooks files and ensure your business’s financial success.