QuickBooksGal

On occasion, clients have called to ask what to do when their Balance Sheet is out of Balance.  No worries, there's a quick and easy fix for this!  I found a great article that may be found useful...just click the link below, follow the steps, and your Balance Sheet will be good as new! How to fix my out of balance Balance Sheet Got a QuickBooks® Mess?  Call the QuickBooksGal! (775) 348-9225

Reports are a very important tool to utilize when using QuickBooks. They help keep your figures organized and accessible in a manageable format. How do I use reports to help me? Reports are an effective planning tool. By regularly checking your reports you can: Gain insight into your sales View your profitability View assets, liabilities, and equity Regularly monitor your cash flow Reports will organize the information you have “filed” away to help you see where your business stand and help keep your business running smoothly. How can I make the most of these reports? Reports help you answer questions, such as which products are selling, who is buying, and who owes you money. Reeports can also show you how your sales compare to a previous period. What are some important reports to look at? Income statements, also called a Profit and Loss or P&L, summarizes the revenue and expenses of a company over time. The income statement can show ...

Begin managing your finances using QuickBooks with these simple steps and quick tips. Getting Started Consult with your accountant and discuss the use of QuickBooks Buy and Install QuickBooks pro (You can buy through us here ) Structure your various accounts- Start with the minimum number of accounts, then expand. Establish an accounting routine that works for you and stick to it. Work with your accountant and keep in close contact all year round. Good Accounting Habits Record Transactions regularly. Including but not limited to:      Buying/Expense: bills, checks, credit, paying employees, contractors      Selling/Income: estimates, invoices, sales      Credit Card Transactions Reconcile accounts monthy Update financial statements quarterly Be as accurate and Consistant as possible Fix mistakes as they happen (They are fixable!) Set Up Your Budget It is simple to set up your comp...