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Nikki Smith

Job-Tracking in QuickBooks Online

Mastering Job-Tracking in QuickBooks Online

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Job-tracking, also known as job-costing, is a powerful method to categorize income and expenses related to specific customer jobs, projects, initiatives, grants, funds, or other temporary assignments. In QuickBooks Online (QBO), job-tracking allows businesses to gain deeper insights into their profitability status by tracking financial performance on a deeper level. Let’s explore the basics of […]

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Location Tracking

Unlocking Financial Insights with Location Tracking in QuickBooks Online

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Managing a business with multiple locations, properties, or regions comes with a unique set of challenges. From tracking income and expenses across different entities to understanding the financial position of each location, maintaining accurate and detailed records is crucial. QuickBooks Online (QBO) offers Location Tracking as a powerful feature to help businesses categorize and analyze

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Class Tracking in QBO

Understanding Class Tracking in QuickBooks Online

Accounting, Accounting Technology, Cloud-based accounting software, Online Accounting, QuickBooks Online Features /

Class tracking is a powerful feature in QuickBooks Online (QBO) that allows businesses to categorize income and expenses according to different parts of their operations. This feature is useful for analyzing profitability across different areas within each account, such as departments, properties, product lines, service lines, or even manufacturers. Here’s an in-depth look at how

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Categories in Quickbooks

Categories in QuickBooks Online – Streamlining Financial Data

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Categorizing transactions is one of the most essential components of managing financial activity in QuickBooks Online (QBO). Advanced categorization gives you many options to keep your records well-organized, and ensures that your company’s financial data is recorded in a way that is both accurate and useful. Although QuickBooks offers multiple ways to categorize transactions, it’s

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QuickBooks Online

Foundational Knowledge in QuickBooks Online

Accounting, Accounting Technology, Cloud-based accounting software, QuickBooks Online Features, Small Business Accounting /

Foundational Knowledge in QuickBooks Online QuickBooks Online (QBO) is one of the most popular accounting software platforms available today. It’s widely used by many businesses to manage financial transactions, track expenses, and generate reports that offer insights into the business’s financial health. In prior blogs, you have seen what it can do, but let’s take

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Workflow Management

The Importance of Workflow Management in Accounting

Accounting, Bookkeeping /

The Importance of Workflow Management in Accounting Effective management of an accounting department involves more than simply tracking finances; it requires a robust workflow management system to ensure tasks are completed on time, correctly, and efficiently. A key strategy in achieving this is scheduling work at regular intervals. By scheduling tasks, organizing workflows, and using

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Separation of Duties

Strengthening Financial Controls Through Separation of Duties

Accounting, Cloud-based accounting software, Small Business Accounting, Uncategorized /

Strengthening Financial Controls Through Separation of Duties One of the most critical components of financial control in any business is the separation of financial duties. This practice not only reduces the risk of fraud but also ensures that no one employee has control over the entire financial process. By dividing accounting functions into smaller tasks

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fiscal policies

Establishing Clear Fiscal Policies and Procedures

Accounting, Accounting Technology, Fraud /

Establishing Clear Fiscal Policies and Procedures In the world of accounting, having clear and defined fiscal policies and procedures is so important for preventing fraud and enhancing departmental operations. By documenting every detail of your accounting processes, you not only protect your organization against potential threats but you can also streamline tasks, making them more

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Finance Stack

Understanding and Combating Payments and Occupational Fraud

Accounting, Accounting Technology, Fraud /

Understanding and Combating Payments and Occupational Fraud Fraud in financial transactions is a constantly evolving threat to companies worldwide. The Association of Financial Professionals (AFP) and the Association of Certified Fraud Examiners (ACFE) provide informational reports that offer important insights into payment fraud and occupational fraud. The latest data highlights the persistence and evolution of

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