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quickbooks pro 2019 3 user

quickbooks pro 2019 3 user

quickbooks pro 2019 3 user

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Call Now What is Quickbooks? How do you use it? Is it worth gettting? In this guide, we detail everything you need to know about using Quickbooks to manage your business… QuickBooks comes with effective accounting features that are designed to not only streamline your accounting processes, but also give you better insight into how your business is functioning. You can track and monitor things like payroll, expenses, tax, contractor spending – basically everything you need to constantly stay on top of. And because QuickBooks operates on the basis of organization, many businesses with large amounts of data can plug the software into existing processes and get improved visibility and analysis of its core metrics. In this guide, you’ll learn more about QuickBooks including how to use it and all of its impressive features. Although, if you want to become a pro-grade Quickbooks user, this course is 100% worth investing in – it will show you how to do everything from basic stuff to high-end processes. This post is designed to give you a quick overview of Quickbooks, how it works, and some basic features. If you want to learn how to use it professionally, this course is highly recommended. What is QuickBooks? QuickBooks is a small business accounting software and also the most popular used by businesses to manage their revenue and expenses. It is designed to help you keep track of the financial health of your business. The following are some of the applications of QuickBooks in a business: QuickBooks can be used to invoice customers The software can also generate reports It helps you prepare your taxes too The Features of QuickBooks Like mentioned earlier, QuickBooks is rich with essential features that help businesses thrive in their daily transactions. These features are effective and can operate well in either small or mid-sized business settings. So, there is no size limitation when it comes to using this software on any business. In fact, individuals who are running their personal businesses can benefit a lot from using QuickBooks. That said, the following are the features of QuickBooks covered in detail: 1. Income and Sales Management Organization and management are the original reasons why the QuickBooks software was created. This is because any operational business depends on income and sales for the business to continue running. And not just running, but also making sure that the income and sales management are optimally active. When using QuickBooks, a user can create an invoice in the software. This act is meant to help any QuickBooks user manage their business sales and income. The invoice created in this software allows the user to view their accounts receivable ageing report. This grants the user a chance to view their accounts receivable balance, making the whole process more efficient. Generally, QuickBooks will include all the details of an account’s past and current invoice reports. 2. Tracks Your Bills and Expenses If you want to monitor bills and expenses in your business, then QuickBooks might be your best solution. With this software, you can easily monitor the money going out of your business by connecting bank accounts and credit cards to QuickBooks. As a result, it becomes easier to not only track your expenses but also categorise and download all the compounded data. With such capability, QuickBooks allows you to track your cash and also check your transactions. 3. Cash Flow Management When you use QuickBooks in your business, you can easily manage the cash that flows in and out of your business efficiently. Additionally, this software allows you to access any of your financial business reports for reference. With such candid information, it’s easy to strategise on the best ways of managing your cash flow. And it’s also easier to run the cash flow reports on this software with only a few clicks, and they are also updated in real-time. As a bonus to the offers, QuickBooks also allows you to run three different reports that you can use to tell the position of your business. The three different reports include: The balance sheet report Statement of cash flow and The profit and loss report With the three different reports, you can capitalise on the information by strategising better to scale your business. And by knowing the scope of your business, you’ll know what you can do better to increase your profits. 4. Payroll The payroll feature that comes in the QuickBooks software will help you manage different accounts effectively. With this feature, business owners who have employees can easily manage their accounts appropriately if they run payroll. What the payroll feature does is help you, the business owner, manage the taxes of your employees and also update their accounts. Other than that, you can also use the payroll feature in QuickBooks to calculate the following aspects: Wages Salaries Bonuses Any withheld taxes Keeping tabs on all of your employees is highly essential for your business because they are integral parts of your organization. And there is no better software to help you do that than the QuickBooks software. 5. Inventory Tracking Like cash flow, tracking your inventory is another essential part of running your business. The inventory tracking feature in QuickBooks is efficient and accurate, and can help you manage all of your product sales. This feature will also help you understand if you are earning or losing money on every product you sell. Lastly, you need to turn on the inventory tracking feature before setting up inventory in QuickBooks. This requirement fully ensures that your inventory tracking starts immediately when you start using the software. 6. Online Payment Options The world is becoming more digitised by the day and every type of business is embracing the advancements. People no longer depend on brick-and-mortar payments and that’s what has made e-commerce a multi-billion-dollar industry. QuickBooks utilizes the same concept and offers users a chance to set up online payment options for their businesses. As a user, you can add Intuit payment features on your business with QuickBooks for safe, secure digital transactions. And if customers can purchase and pay for their products from any location, then this might increase your conversions and income. 7. Scanning Receipts If you are a subscriber of QuickBooks, you can download their official application on your mobile phone. With the application, you can take a picture of a receipt and upload it to the QBO. This helps you and your team stay on top of expenses. What this feature does is save you time and reduces any chances of you having to deal with any paperwork. And because it’s an application, you can easily achieve all you need remotely on QuickBooks, as it runs on iPhone and Android as well as desktop. How to Use QuickBooks? Now that you know exactly what the QuickBooks software can do, it’s now time to learn how to use it. Using this software isn’t a complicated task and you don’t need to have in-depth knowledge on a lot of stuff. This is because the QuickBooks software was created to make business management an easy and efficient process. By so doing, small business owners will be able to benefit more from their daily business interactions. Therefore, you don’t have to worry if it’s your first time using this software. That said, here is how to use QuickBooks: Install the Software This is the initial step of using QuickBooks on your day-to-day business activities. To use this software, you first have to install it on your computer. When installing, you’ll have to indicate the type of installation that you prefer, Custom or Network Options. If you plan to use the software on one PC only, then you should select the “I’ll be using QuickBooks on this computer” option. Lastly, you’ll also need to select the location or folder that you wish the software to be installed in. Collect Financial Papers After installing the software on your PC, the next step is to gather essential financial papers. This is a requirement because you’ll need those papers for setting up your QuickBooks files. If unaware, these financial papers will include the business name, tax ID numbers, financial statements, and, of course, the business address. Create a File for Your Business With the program installed on your computer and having gathered all the important financial papers, it’s time to launch QuickBooks. Click on the software’s desktop icon to run the program so that you can start using it. At first, there’s an EasyStep Interview wizard option that will appear to help you through the whole process of creating your company file. This setup wizard is highly essential and effective, especially if you are using this software for the first time. So, take advantage of the EasyStep Interview wizard to create your company file, while learning more about QuickBooks. Setting Up and Managing Vendor Accounts After creating the company file, you’ll now need to set up the vendor accounts so that you can easily and effectively manage them. If not clear, vendors are integral parts of your business and includes your suppliers or contractors. The process of creating vendor accounts to manage them is straightforward, and looks something like this: On the top toolbar, click on the “Vendor Centre” Select the “New Vendor” button to create a new vendor account If you want to add transactions, you can do so by clicking the “New Transaction” button And that’s how to create a vendor’s account on QuickBooks so that you can manage the accounts better. If perhaps you want to export the information on all or particular vendor accounts, you can link this software to Excel to enable the process. And you can also export the information on “Word”, so you have records just for yourself on other platforms. Create and Manage Employee Accounts Like the vendors, your employees are also important for your business. Therefore, QuickBooks can help ensure that you are keeping tabs on them for better staff management. To create employee accounts, here is what you need to do: Click on the “Employee Centre” Follow by clicking on the “New Employee” tab to create and manage all of your employee accounts As for relevant transactions with your employees, click on the “Transaction” tab Lastly, you can manage your employee time sheets by using the “Enter Time” feature on the software Generate Reports The last step of how to use QuickBooks involves generating reports through the software’s Report Centre. You can get a lot done in your business with this feature such as getting reports from the following areas: Profit and loss statements Budgets Accounts receivable reports, among many more How to Reconcile in QuickBooks Wondering how you can reconcile your banking accounts on QuickBooks? Well, it’s not as hard as most people think. Remember, this software is created for the sole purpose of making your business run efficiently. However, the reconciliation process in the QuickBooks software is a bit different but not something that you can’t manage. Therefore, you shouldn’t shy away from using this software to reconcile your banking accounts. Moving on, here is a step-by-step guide on how to reconcile in QuickBooks: Select the Gear Button, click on “Tools” and follow with “Reconcile” You’ll find a drop-down menu under “Accounts”, which you’ll select and click the account you wish to reconcile Based on your bank statement, you’ll then fill in the “Ending balance” and the “Ending date” as well Afterward, you’ll need to match your bank statement with the transactions, which you’ll also check individually Use filters on transactions so they become easily detectable Continually run the feature until you achieve zero digits on the “Difference” field And that’s how to reconcile in QuickBooks. Conclusion In conclusion, QuickBooks is a proven business management software that’s capable of scaling your business to greater heights. But how much does it cost to use QuickBooks? Depending on your preference of the software’s variants, you can pay from $25 to about $300 every month for using the QuickBooks software. But considering the advantages of using this software, that’s a decent amount to pay for using it. Richard Goodwin has been working as a tech journalist for over 10 years. He is the editor and owner of KnowYourMobile.Quickbooks is an accounting and business management tool. And if that sounds complicated, you might be put off from learning how to Quickbooks – but you shouldn’t! Quickbooks is an incredibly useful tool; whether you’re a sole trader, a freelancer, or a larger company with multiple employees and contractors, Quickbooks is one of the best platforms for managing your business. I get it, though: learning new software, especially software of this nature, can seem daunting. You have to learn new processes, how to navigate all of Quickbooks’ settings and features, and you have to plug in all your business accounts and files. Sound scary? It does. But don’t worry, getting au fait with Quickbooks is actually a lot easier than you think – especially if you leverage the internet. How To Learn Quickbooks Quickly… I started using Quickbooks back in 2018. At this point, I had no idea about accounting but I wanted to get a better overview and understanding of my businesses. I did my research, Quickbooks kept showing up in best lists for accounting and business software, the price of the platform was fairly agreeable, so I bite the bullet and signed up for an account – it was only $21, so not much at all. And then I opened Quickbooks, and my stomach sank… I didn’t even know where to begin. There was just so much information and features to take in. And because I don’t have a background in accounting, I didn’t even understand half of the terminology used either. I needed help. Best Quickbooks Online Courses Fortunately, I found it pretty quickly in the form of an online course. I didn’t find the particular course I ended up using right away, I had to go through a few different options first, as well as YouTube. I used a couple of Udemy courses and watched HOURS of YouTube videos, however, I was still struggling – they all lacked structure and more often than not weren’t designed for absolute beginners like myself. Eventually, I came across The Quickbooks University and this is what solved 99.9% of my issues. The course itself is inexpensive – it’s cheaper than UDEMY, for instance – and is designed for all kinds of users, from absolute beginners to more advanced. This means, you can start on the beginner courses and move up to more advanced courses inside the platform as you progress. Is The Quickbooks University Worth It? This course was developed by Mat Hultquist, a practicing CPA in Greenville, SC. Mat has been self-employed in the field for nearly 20 years and is basically the Yoda of Quickbooks. I initially only wanted to use Quickbooks for keeping track of invoices but after using the course I quickly realized I was missing the point of the software – it can do so much more. And most of it, once setup, is automated. And this blew my mind. I was getting data insight into my businesses that I had no idea about, things I missed, opportunities I was overlooking, and how my cash flow had evolved over time. Things You’ll Learn In The Course Automated Accounting – This aspect of Quickbooks is amazing. By setting up some simple protocols, you can effectively automate all your accounting needs so it runs in the background 24/7, 365 days a year. Cost Management – Find out where the majority of your money is going and why. Time-Saving Tasks – How to use Quickbooks to automate myriad tasks, so you can focus on growing your business, not “managing” it. Increased Profits – By leveraging some of the ideas and concepts in the course, you will learn actionable methods that can (and will) increase your profitability. Automated Business Tasks – A detailed overview and guide to setting up automations inside Quickbooks. This aspect, for me, was worth the price of entry alone. It has changed my world. What Else Does The Course Include? Here’s a quick overview of everything else included in the course: 47 Desktop Quickbooks training videos 46 QuickBooks Online training videos Over 6 hours of top-notch Quickbooks Training 12 Additional Advanced Video Tutorials Unlimited Access to the Videos, FOR LIFE Lifetime Upgrades, Your Investment NEVER Expires Free Financial Planning Guides and Checklists Forum Access and email for Free One-on-One Support (Multi-User Desktop and QuickBooks Online Only) Access to our Members Only Facebook Group for Support Special Offers and Members-Only Discounts for New Products Choose between Individual User and Multi-User License for Desktop Versions How Much Does It Cost? You can get the basic course now for $187 (down from $247). This is the basic package. If you want a more comprehensive set of tools and guides, go with the Desktop Business Plan ($247) or, for the Quickbooks Online focussed course, opt for the Quickbooks Online Course ($247). All courses currently have $100 discounts applied to them at the moment too – you can view all the courses and plans here. Richard Goodwin has been working as a tech journalist for over 10 years. He is the editor and owner of KnowYourMobile.The best Business Intelligence (BI) tools make it simple and easy to share insights from data to communicate to stakeholders. The best business intelligence tools This is especially important when the modern business can now collect data on every aspect of a business, from sales and marketing, to workflows and productivity, to hiring and HR, to overall performance and profitability. However, many of these data points exist in isolation and require the best BI tools to connect the dots together. This is what business intelligence represents: the ability to not just look at a specific detail of business operations, but tie in key information from each angle into an overall whole. This can then allow for real insights and predictions for improving business performance, not least through Key Performance Indicators (KPIs). A number of software packages also come with their own analytics, but these can also often be exported into a business intelligence platform. Even more importantly, the best BI software will be driven by visualizations you can share with stakeholders, to help communicate sometimes complex statistics as easy to understand charts and diagrams. Here then are the best business intelligence tools for business currently available. (Image credit: Microsoft) 1. Microsoft Power BI The software giant provides a free business intelligence tool Reasons to buy +Free Tier+Affordable cost Reasons to avoid -Requires software download Software behemoth, Microsoft, also plays in the business intelligence tool space, and their offering is Microsoft Power BI. They even have a Microsoft Business Applications Summit that features their Power BI, and not surprisingly other Microsoft business applications. Unlike some of their competition that take a totally web-based portal approach, Power BI also offers downloadable software, so you can run your analytics either in the cloud or via a reporting server.  There is a generous sixty day trial of the software, which promises to “Connect hundreds of data sources,” including Microsoft applications, and other sources such as Facebook, Sybase and Oracle which can then prep data for subsequent data analysis on the fly, allowing reports to be created in just a matter of minutes.   Pricing begins at the Power BI Desktop tier for a single user, which is fully functional, and free. The next tier up is Power BI Pro and supports collaboration between users, and real time data analysis, and includes a 60 day trial. (Image credit: Tableau) 2. Tableau Desktop Strong visuals and real-time analytics Reasons to buy +Free trial offer+Slick interface with drag and drop buttons Reasons to avoid -Expensive Tableau Desktop endeavors to do more than make charts, but rather to show “live visual analytics.” A slick interface with drag and drop buttons allows the user to quickly be able to spot trends in the data. There is a lengthy list of supported data sources, including Microsoft Excel, Google Analytics, Box and PDF files.   Tableau enjoys the ability to connect with pretty much any type of database, as well as use a whole range of data blending options, to output into an even bigger selection of charts. Dashboard visualizations can be easily shared, and are mobile friendly. Tableau Desktop becomes an expensive option for a single user, making this more expensive than other competing solutions. On balance, it also includes the associated application of Tableau Prep under the Tableau Creator package.  (Image credit: Dundas BI) 3. Dundas BI An experienced and simple to use BI tool Reasons to buy +Browser based+Drag and drop interface+Free 45 day trial Reasons to avoid -Opaque pricing Dundas is a browser based business intelligence tool with 25 years of experience. It is designed to be a single tool to transform data into visual data analytics with “granular control over almost all visual design elements.”  Data files can be incorporated with drag and drop functionality allowing end users to analyze data without involvement from IT. The HTML5 interface allows it to be used across a variety, including mobile, devices.   There is a free 45 day trial, but after the pricing is opaque and requires a quote, but there are options to lease annually, or own for perpetuity.  (Image credit: Sisense) 4. Sisense The business intelligence tool of Fortune 500 companies Reasons to buy +Rapid deployment+Incorporates AI+White label analytics SiSense is a business intelligence tool that seeks to simplify the complexities of data analysis by building in IoT, machine learning and AI into their platform. They claim it is so simple and streamlined, that you can go from “data to dashboard in just 90 minutes.” While we can argue the validity of that claim, their list of clients, including the likes of GE, Philips, Fujitsu, NBC and Airbus would back up that this is a top tier product.   Main features include the ability to embed white label analytics with customizations, mashup live or cached data, analyze data across your entire landscape or focus on specific areas such as object, data, or system.  Sisense is an enterprise BI program that can be run in the cloud, or on premises. However, there no flat-rate pricing is provided for either model. Their custom pricing is based on an annual subscription model, but it requires a price quote, and is unfortunately not available on their website.  (Image credit: Zoho) 5. Zoho Analytics A tool from folks that have a cloud-based approach in their DNA Reasons to buy +Support to collect data from many sources+Visually attractive dashboard+Availability of free trial Reasons to avoid -Requires purchase on annual basis Zoho Analytics is the business intelligence tool from the folks that have plenty of experience with web-based business tools, namely the venerable Zoho Office. Zoho Reports is a robust solution, that can integrate data from a variety of files, including Microsoft Office documents, URL feeds, and databases, such as MySQL, along with applications, of course from Zoho, but also outside their ecosystem including data from the cloud from Box, DropBox, Google Drive and other applications (for example Salesforce, Quickbooks and Google Analytics). Data can then be blended via integrated mathematical and statistical formulas, for example marketing costs in an Excel file, with sales data in a cloud database, to create a visually attractive and informative report. This is all done via a simple online interface, and functions can be applied via a simple drag and drop, with reports that can be easily viewed via the portal, or also printed or emailed.   After the short fifteen day free trial, there are several pricing plans, but all are billed at an annual rate which requires more commitment than some smaller businesses may be looking to make.  (Image credit: Image Credit: Pixabay) We've only scratched the surface when it comes to BI, as there are many providers in the market. However, the caveat is always that a software platform is only as good as its programmers, and data always needs to be the best quality - too many managers presume that processes and workflows are being correctly followed when they may not be and therefore undermine analyzes. Additionally, while there are comprehensive BI tools available there are also ones that focus on particular areas, such as sales or distribution, in order to provide more detailed and focused insights: Looker is another full-spectrum analytics and business intelligence platform that provides real-time reporting. To get the most out of it some MySQL knowledge would be helpful, but training materials are provided as required. Even without, Looker is an easy to use platform for data discovery that can accommodate a number of third-party sources. Qualtrics Research Core is more focused on working through developing, collating, and analyzing survey data, and uses its own AI to tease out trends and actionable insights. This can be especially useful when applied to sales and marketing campaigns for analyzing not just results but can also be used to identify ideal price points. Adobe Analytics is a tool especially dedicated to tracking the customer journey online, and provides data to analyze how to more effectively engage with them according to their sources, ie, social media. It's able to work with complex databases to generate quick results, which can then be exported or printed easily.

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