5 QuickBooks Mistakes Every Business Should Avoid

Many businesses are using QuickBooks for managing their finance but only few of them are using it correctly. These mistakes might not seem

important but in the long run they can be disastrous. Following are the top five mistakes businesses should avoid when using QuickBooks.

1. Not Reconciling Bank Accounts

An account’s integrity depends on reconciliation

which guarantees its accuracy.

If your account is

attached to QuickBooks , make reconciliation a

regular habit.

2. Not Using Shortcuts

Keyboard shortcuts are not used as they should be. Not only do they allow quicker navigation but also reduce wear-and-

tear of your wrists.

3. Not Backing Up

Your Account

QuickBooks data is very important. The loss of this data can cripple a company. Regularly back up your QB data so that it

is safe from unexpected problems.

4: Not Upgrading

Software Versions

Many accountants and CPAs use older versions of QuickBooks, deeming the extra expense needless. However, having an updated software has its own

benefits as it comes with new software fixes and tax laws.

5:Entering A Bill

And Then Writing A Check

Bills and checks should not be mixed. Use the “Enter bills” and “Write checks” window for their respective purposes. Go to

“pay Bills” for payments.

Mistakes are a part of the understanding process. They

help build the expertise needed to prevent headaches. So don’t worry just learn from

mistakes!

About Us Ace Cloud Hosting

powered by Real Time Cloud Services (RTCS), is

an Authorized commercial QuickBooks Hosting

provider and Application Hosting Service provider

to CPAs, SMBs, Bookkeepers and ranks

amongst the leading QuickBooks hosting

providers.

LIKE THIS DECK? GET IN TOUCH!

Follow us for more Great Content

Also Check Out Some of Other Slideshares

References:

5 QuickBooks Blunders That Can Bury Your Business – EduPristine

QuickBooks Support Knowledgebase – AceCloudHosting