Need Help Keeping Financial Records QuickBooks is the answer.
Behind the scenes of a small business there is usually one person doing a great deal of work. This person is responsible for running the business, acquiring clients, managing employees (if any), and making sales among other things. While running a small business can be very exciting and fun, not every aspect of it will be as enjoyable. One dreaded task is keeping track of your financial records as well as preparing the taxes. In bigger companies these jobs are normally delegated to an accountant. But small businesses might not be able to afford a person to work on their paper work. Accountants are highly trained individuals dealing with mountains of paper work as well as complicated number crunching. This may be intimidating to many small business owners but there is a solution. Intuit Inc has released a computer program that will solve all your accounting problems. QuickBooks is an accounting program which small businesses can utilize to prepare tax forms and record financial transactions.
Ever since its commencement in the early 1980s Intuit Inc has been dedicated to bringing helpful solutions to financial management for all small companies in the form of computer programs. QuickBooks, Turbo Tax, and Quicken were all designed to help small businesses prepare taxes and even provide payroll processing applications. Intuit Inc also offers programs for professional accountants, such as ProSeries and LaCerte. Intuit Inc clearly is a company that wants to help individuals as much as possible with financial management.
To start using QuickBooks first you will have to install it on whichever computer you are running your business from. After a successful installation you will be greeted with a guide programmed to get you started. Before you move on to anything you must first enter your business information such as the company name, phone number, address, etc. After filling out the required information you will be guided by a very user friendly interface. This interface will guide you through the QuickBooks Simple Start allowing you to immediately begin. Follow the steps provided by the QuickBooks Simple Start. Once you have done these you wont have to repeat the process over again.
After following the guides instructions select the bank option and enter in your bank information. Without recording your bank information you will not be able to receive electronic payments from customers or record any business transactions. Without the proper records your taxes will be incorrect and incomplete.
After that step you can begin by entering the meat of the program and start entering all your clients and assigning them client accounts. By utilizing client accounts you are now able to document and record all the payments and business transactions made by clients. Youll also be able to print out invoices and bills. The default version of QuickBooks only offers 20 slots for client accounts but you can purchase the expansion and gain much more spaces for more clients.
Once you get started setting up clients accounts, sending out invoices, and receiving payments QuickBooks is really a simple program to use. Using QuickBooks is a great way to manage the financial record for your small business. It takes all the headache out of being your own businesses accountant.