Now is the time to reflect, plan, and set your business up for success as we welcome 2025. For small business owners, entrepreneurs, or managers, goal setting helps channel focus and promote measurable progress throughout the year. Why Goal Setting Matters Having clear goals provides a sense of direction and keeps you focused on what’s […]
Creating a budget that works can be challenging. Income can be unpredictable, and expenses can be hard to estimate. However, a well-crafted budget is essential for running a successful business. By using QuickBooks Online’s budgeting tools and following the steps below, you’ll gain a clear picture of your finances and be able to make informed […]
Do you have a regular schedule you follow with your QuickBooks Online work? Whether you’re a new QuickBooks Online user or a long-time user, having a regular accounting routine can make you more productive and confident that you’re addressing all of your accounting issues. What Should You Do Every Day? Even if you don’t have […]
If you’re still manually entering your banking and credit card activity into QuickBooks Online, we suggest you consider setting up connections to your online bank and credit card accounts. Once your transactions are delivered to QuickBooks Online, the site provides tools that allow you to view them and make sure they’re complete before you record […]
Class tracking in QuickBooks Desktop allows users to track financial information by business segments (locations, departments, programs, events, etc.). It also allows you to keep your chart of accounts simplified as you don’t need to duplicate elements of your chart of accounts to track multiple business segments. To begin using the class tracking feature, you’ll […]
Business owners tend to focus on the Profit and Loss Statement as it shows the income and expenses flowing through their business. Also, the categories (accounts) on the Profit and Loss Statement are terms they tend to use in their day-to-day business dealings. The Balance Sheet however, uses accounting terms that might not be used […]
As a business owner or accounting professional, staying on top of financial data is critical for making informed decisions. QuickBooks Desktop offers a powerful tool to help with this: Scheduled Reports. Scheduled Reports allow you to automate the delivery of financial reports directly to your inbox—or to your team’s inbox—on a recurring schedule. Instead of […]
Managing unpaid invoices is often one of the least enjoyable tasks when running a business. While no one likes reaching out to customers for overdue payments, failing to do so can negatively impact your cash flow. Setting up automated email reminders in QuickBooks Online can help streamline the process. Not only will it reduce the […]
In QuickBooks Desktop Pro and Premier versions, the Admin user (Administrator) can set up and edit user permissions. The Admin user is the one who initially creates the company file and assigns access levels to other users. The Admin user has full access to all features and can manage user permissions, including: To set up […]
If you’ve started your own business, you’ve likely come across two key financial reports: the Balance Sheet and the Profit and Loss Statement (also called the “Income Statement”). Although they might look similar at first glance, they serve different purposes. Let’s break down what each one tells you about your business. What is a Balance […]