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Ways to avoid most irksome QuickBooks errors

Since its first release about three decades ago, Intuit’s ace accounting software QuickBooks has come of age and successfully grown to become the highest rated accounting software solution for small businesses in the US as well as the rest of the world. The thing that makes the software first choice of all is to assist businesses effectively manage inventories, sales, banking, invoices, payroll and financial records. Nevertheless, like any software program, this software program is also prone to lots of errors for which you may need to take QuickBooks technical support through a toll-free phone support number, below given is a short description of some common errors on accounts and procedures and their relevant fixes so that you can churn the best out of your device under all circumstances.

Quickbooks-errors

No Setting of Sales Tax Preferences

To keep the records accurate, it is vital that the sales tax preferences must be set up in QuickBooks if sales tax is owned on items sold by any business. When it comes to setting sales tax preferences:

  • Go to Edit—Preferences—Sales Tax icon—Company Preferences—Owe Sales Tax. After this, select either As of Invoice Date or Upon Receipt of payment.

Not Reconciling Accounts

All accounts must be frequently reconciled in order to confirm that the business account register is correct with reference to checking and savings accounts, loans, taxes, and many more. For reconciling an account:

  • Open the Banking section, tap on Reconcile, enter statement dates and then end balances. After checking off all items in the Checks and Payments column, you find that the bottom right corner reads zero.

Writing a Check Sans Entering a Bill

Generally, QB users like to use Write Check feature in order to pay the bill. Whenever a new bill arrives, it should be entertained in the Enter Bills window. This entry creates an accounts payable. After this, you need to go to Pay Bills and point out the bill you want to pay. It will take care of the accounts payable for that vendor and will allow you to use the QuickBooks software for the management of your cash flow and plan for all future expenses. Here, QuickBooks technical support from Intuit-certified professionals can help overcome the issue of writing checks without entering a bill.

 

No Review of P&L and Balance Sheet Statements

Both the P&L and Balance Sheet Statements are known for offering business enterprises valuable information on their financial status and health. With its help you can easily catch errors before they turned out into costly mistakes. Hence, these valuable statements should be evaluated by QB professionals frequently.

Like these issues, there are several other issues that can be resolved with the help of QuickBooks support experts in the least amount of time.

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