Entrepreneurs use the accounting program QuickBooks accounting software more than any other. They use it whether they’re starting a new business or streamlining an existing one. Yet many of them barely scratch the surface of QuickBooks' functionality, according to Lisa Grossman, a CPA the firm Kaufman, Rossin & Co. Grossman, who heads the firm's QuickBooks consulting practice, offers BusinessNewsDaily readers the following 10 tips to get more out of QuickBooks.
Get the most out of the existing reports.
- Use accounts receivable aging for a snapshot of information such as who owes you money, how much they owe you, and how long they’ve owed you.
- Use accounts payable aging for a snapshot of who you owe money to and to monitor cash flow better
- Prepare reports with comparative balances to the prior year or period to analyze trends in income and expenses
- Check out the preformatted and customizable reports that are available to analyze your business. Most people aren’t aware of the options. ... Read more