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Computers and software are great when they work. But if your computer crashed or your QuickBooks file was corrupted and unusable, do you have a recent backup of your QuickBooks data file? QuickBooks provides two ways (actually, three) to create a copy of your QuickBooks data file. When is each appropriate, and how do you proceed?
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Between storms and malware, many are learning the importance of backups and access. Hopefully, you’re already making backups of your data on a regular basis. It’s simple to set up data backups automatically and then forget about them until you need them. But have you ever looked around to see if there are any gaps in your backup strategy? Here are seven places to look to make sure all your business data is backed up safely.
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If you have to collect sales tax, then chances are your report form asks you about use tax. Use tax is a sales tax on purchases taxable in your state but for which you were not charged. It’s easier to keep up with tracking as you go along, rather than waiting until the end of the report period, especially if you pay quarterly. So here are the steps to simplify your reporting.
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Most businesses have peaks and valleys, so business owners find monitoring cash flow is always important. Here are 5 tools in QuickBooks that can help you monitor your cash flow.
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How healthy is your business? Many businesses just look at their profit & loss statement (aka income statement), but you could be missing out on some helpful information. If you’ve ever struggled financially, but your P & L shows a profit, these ratios can explain why. Lending institutions often use these ratios to analyze your financial statements as part of the loan approval process, so wouldn’t you like to know what they’ll see?
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The Balance Sheet is an important report in your business’s financial statements. Unfortunately, I find that many small businesses never look at this report. Usually it’s either because they don’t understand the report or they think it has nothing to show them in terms of profitability
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It’s year-end and time to review how you did. Gross Profit Margin and Net Profit Margin are two numbers you want to look at – they help you with both reviewing your numbers and planning for the upcoming year. Here’s what they are and how you can easily view them.
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I frequently see that there are features in QuickBooks that can be very useful but clients frequently are unaware of their existence or how they can help. So, today’s article takes a look at several features you might find helpful.
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There are many features I like in QuickBooks, guess that’s why I support the software! But I find when I’m with new clients who have been using QuickBooks for a while or clients who are upgrading, I always like to share a few of the features I like either as a business owner or from a timesaving bookkeeping perspective. So here’s my list:
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It’s generally a good idea to keep overhead costs low so that your business profits will be higher. This is especially true with items that are fairly standardized, such as utilities and rent. But there are times when increasing expenses pays yields nice dividends like investments. Here are four areas to consider so you can reap the rewards
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