Bank Feed Skills for Closing the Books In previous blog posts, we’ve covered the essential knowledge required to close the books. Now, it’s time to put that knowledge into action by mastering the skills necessary to efficiently close the books. We are going to focus on advanced topics related to the QuickBooks Online (QBO) […]
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The Importance of Recurring Transactions For many businesses, financial transactions are repeated month after month. In fact, it’s estimated that about 80% of transactions fall into this category. Instead of manually entering the same data every time, QuickBooks Online (QBO) provides two primary ways to automate this process: Bank Rules – These automate transaction categorization
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In a prior blog post we discussed sales versus income. Today we will dive into another set of similar terms that have different meanings in QuickBooks. When working in QuickBooks, it’s essential to understand how the terms “purchases” and “expenses” are used. These terms may seem straightforward in everyday language, but in QuickBooks, they carry
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3 Reasons You Should Outsource Bookkeeping Did you know that more than ⅓ of small businesses across the country outsource business functions like bookkeeping, IT, and marketing? When you started your business, you likely did so because you had a passion for your product or service and wanted to bring it to the world.
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