Posts

Showing posts from May, 2021

QuickBooks Desktop End-of-Life: What’s Next for Your Business

Image
Introduction QuickBooks Desktop has long been a trusted companion for countless businesses, offering robust accounting capabilities and streamlined financial management. However, with the recent announcement of QuickBooks Desktop end-of-life, many businesses are left wondering about the next steps to take. Understanding QuickBooks Desktop End-of-Life The term "end-of-life" may sound ominous, but it simply signifies that Intuit, the company behind QuickBooks, will no longer provide support, updates, or security patches for the Desktop version. This poses significant challenges for businesses relying on this software to manage their finances. Challenges Posed by QuickBooks Desktop End-of-Life One of the primary concerns surrounding QuickBooks Desktop end-of-life is the increased vulnerability to security breaches. Without regular updates and patches, the software becomes a prime target for cyber threats. Additionally, businesses may find themselves grappling with compatibility

How to write off Bad Debt in QuickBooks

Image
Bad Debts in QuickBooks refer to the amount of money that a customer owes you but cannot be recovered or collected. In other words, any sum of money that a debtor borrows from you but when you send invoices then it is uncollectable. Therefore, to keep your account data balanced and up-to-date then you need to record such uncollectible invoices as a bad debt in QuickBooks. In order to write off bad debt in QuickBooks then you need to follow the given below steps. Steps for write off bad debt Creating a bad debt account For creating a new bad Debt account in QuickBooks then you need to follow the steps given below. Initially, you need to login into your QuickBooks account. Thereafter go to the QuickBooks dashboard. Then from the listed options, you need to tap on the Gear icon. Next, you need to tap on the Your Company option. Once done, now choose a chart of accounts. Then you need to click on the New button. Next, from the notification of the account, you need to choo

Import Square into QuickBooks Desktop

Image
Square is basically a cloud-based point-of-sale (POS) accounting software that offers reliable and smooth POS-related services to its clients. Like QuickBooks, Square software also includes some key features like management of inventories, customer-relationship management, reporting, and employee handling. However, if you’re using both QuickBooks accounting software and the Square POS app then at some instances you will need to import your Square POS data to the QuickBooks Desktop. Importing data from Square to QuickBooks Desktop is a very simple task, all you need to do is to follow the given below steps. Steps for importing Square into QuickBooks Desktop There are two common steps that you may use to import your Square data to QuickBooks Desktop. Download the Data from Square POS Importing the Sales Data into QuickBooks Desktop Downloading of Data from your Square POS Fetching and downloading the needful Data from Square POS is a very simplistic process. For this, go through the give

Import Bank Transactions into QuickBooks Desktop

Image
QuickBooks Desktop is the accounting software by Intuit. This is designed for small, medium and large businesses for maintaining the budget, accounting and to track the expenses with ease. This software helps provide enhanced reporting and also support complex accounting. QuickBooks Desktop showcases three feature-rich products- QuickBooks Desktop Pro, QuickBooks Desktop Premier, and QuickBooks Desktop Enterprise, with which many users build and scale up their businesses. There are various efficient tools available online to help import and export the bank transactions directly into QuickBooks Desktop. As multiple file formats are supported, the process of importing the required data file, gets simplified. It can be done by downloading QuickBooks Import Excel and CSV toolkit. This makes it easy to Import Bank Transactions Into QuickBooks Desktop using Excel. To get started with the QuickBooks Import Excel and CSV toolkit, Firstly, open the file download, after that hit the Save button

How to Import Credit Card Transactions into QuickBooks Desktop

Image
Feature-rich accounting software is the basic requirement of businesses to compete with one another. Intuit provides that software suffice the accounting needs. They offer two products i.e., QuickBooks Desktop and QuickBooks Online to help manage the complete expenses with enhanced accounting benefits. With the increased demand for strong accounting concerning large businesses, QuickBooks provides a variety of features to improve scalability. The data of bulk credit card transactions can be managed with the help of various software and the data file can also be easily imported into QuickBooks. The trial version of one of the desktop software can be downloaded from the Dancing Numbers website which extends its support for QuickBooks Pro, Enterprise, Premier, and Accountant Editions. This software allows to import credit card transactions into QuickBooks Desktop  easily. How to import credit card transactions into QuickBooks Desktop? To help in importing the file data to QuickBooks, Dan