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Sales vs. Income

Understanding Sales vs. Income in QuickBooks Online

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

When working in QuickBooks Online (QBO), it’s essential to understand the difference between sales vs. income. These terms have specific meanings within the QuickBooks ecosystem that does not necessarily align with their broader real-world definitions. This blog post will help clarify these distinctions, explain their implications, and guide you through proper configuration and usage in […]

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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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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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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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4 Best Accounting Software for Startups

Accounting Technology, Cloud-based accounting software /

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

Cloud-based accounting software /

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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