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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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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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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4 Best Accounting Software for Startups What’s the one thing every business needs to succeed? Capital. Over 82% of companies fail because they experience cash flow problems. Hiring an accountant or CFO can help, but even with those roles covered, you’ll need accounting software as an SMB. We help startups – and businesses of all
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Embracing the Cloud: Why QuickBooks and Integrated Apps are the Future of Accounting The cloud offers a perfect opportunity to connect business applications, creating seamless data sharing and integration. QuickBooks Online (QBO) is perfectly designed to create these connections, acting as the central hub around which an ecosystem of applications revolves. This system creates an
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I often am asked, “What exactly does it look like to be a cloud accounting department?” So in this blog, let’s talk about it. What exactly does it look like to be a cloud-accounting department? Your accounting department uses web-based software, a.k.a. you utilize cloud accounting software The first sign that you’re a cloud accounting
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Why Cloud Accounting Software Nowadays, the accounting software programs and processes that many of us use in accounting departments are accessed by logging into a web browser and using cloud-based software apps that integrate with each other via the internet. We call this Cloud Accounting. Cloud Accounting Software Cloud-based programs and processes have changed the
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QBO Help: How to Fix 5 Common Issues QuickBooks Online (QBO) is a helpful accounting tool for business owners. When it’s setup properly, QBO empowers owners to manage their business’s finances while saving valuable time. But like other accounting software, QBO can be complex. Business owners may run into a few common issues, especially if they
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How Does the Cloud Work? The cloud works by providing users with on-demand access to a wide range of computing resources, including storage, processing power, and software applications. Users can access these resources from anywhere with an internet connection, and cloud providers manage the underlying infrastructure to ensure that the services are reliable, scalable, and
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3 Benefits Of Cloud Accounting You Should Know As a business owner, you want to run your business as efficiently and effectively as possible, both in the eyes of your customers and behind the scenes. How are you currently running your accounting processes at your company? Are you still using spreadsheets and outdated systems that
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