How a Remote Bookkeeper Can Help Your Business

 

Let’s face it; even the most successful business owner is faced with challenges that they need help with. From recruiting the best employees in the industry to developing an innovative marketing plan to increase sales, many different duties and responsibilities must be done to keep an operation running smoothly. Fortunately, today’s creative technologies and the Internet has become a winning combination for any business owner. This is because these innovations have leveraged the competition for the small businessperson, especially since businesses all over the globe can obtain the business financial help that they need remotely via a virtual bookkeeping service.

Remote Tracking of Where Your Money is Going

One of the main services that we offer to our clients today is keeping track of where the money is going. Operating expenses, petty cash funds, and office supplies purchases will all be accounted for in the bookkeeping statements that we provide. Thus, you will always know where your money is going without having to stay up all night updating your journal entries or producing time-consuming reports.

Full Range of Services Provided

With a wide range of virtual bookkeeping and accounting services, we give you the opportunity to choose what you need from us. We also have the expertise in-house to customize a bookkeeping solution that will meet your specific industry’s needs.

Our Certified QuicKbooks bookkeepers will not only make sure that your income and expenses are recorded on a timely basis, but also reconciled, and organized into your own accounting software programs.

Eliminate the Tax Season Havoc

Another benefit that we offer to you and your company includes virtual accounting services that will make tax season a breeze. By organizing the financial statements in a manner that makes it easy for a CPA to produce tax statements for the end of the year, it will not only save time, but also money in getting the tax forms for the IRS completed right the first time. In fact, there will be no more barely making the deadline each year or missing it altogether due to the lack of the right information and limited time.

Running a successful business operation will take not only time but also money. This is one of the primary reasons why owners hire QuickBooks Bookkeeper to assist them. One of the most important areas is booking since it helps to keep up with the finances of the business, income, and expenses.

Contact us here for the hire Remote Bookkeeper for business.

Tips for Solving Your Restaurant Bookkeeping Problems

 

Restaurants tend to be either wild success stories or dramatic failures. Statistics show that 25% or restaurants end up closing after being open for less than a year. When a restaurant fails this quickly, it usually is not because of the quality of the food or the service. When this happens, the problems are much more likely to have something to do with the restaurant bookkeeping services. Running a successful restaurant involves much more than preparing high quality food and offering top notch service.  Just because a chef has mastered their craft in the kitchen, it does not mean that they have a strong grasp of restaurant accounting practices.

Start Off With a Business Plan

The first step to getting your restaurant on track is to come up with a business plan. Many people start their restaurant thinking primarily of the food and the front end organization, a but a real business plan must include cost control measures. These cost control measures involve figuring out the ideal cost for each menu item and then setting up clear portion sizes to keep your actual costs in line with your ideal costs.

Keeping Accurate Records of Expenses is an Essential Part of Your Success

All restaurants, all businesses for that matter, measure their success in terms of profit. Even if you are incredibly busy and have amazing gross sales, if your costs are too high you will fail to make a profit. This is usually what happens when a really good restaurant fails to stay open for business. Keeping accurate records means taking a constant inventory of your supplies, tracking waste and implementing an ordering system that prevents you from wasteful over-ordering. Once you have your food costs under control, you will have to take a close look at your other operating expenses including occupancy costs, labor percentage and any other operating expenses you can think of.

Develop an Accurate Restaurant Bookkeeping System

One of the best ways to do this is by using a P&L or profit and loss report. A profit and loss report is a concise document that will allow you to see all of your restaurant operating expenses at a glance. Your P&L report will break down all of your operating costs so you can tell immediately if some of your expenses are getting out of hand.

Restaurant accounting systems, also known as POS or point of sale systems, can be set up that keep track of sales, inventory and operating costs automatically. But there are many other accounting issues that still need to be dealt with, including managing payroll, calculating sales tax and actually paying all of the bills.

Contact us here for the Restaurant Bookkeeping solution.

3 QuickBooks Online Tools for Cleaning up a Financial Mess

 

It’s happened to all of us – scrolling through screens and shuffling pages with a sinking feeling and brain-blowing headache – trying to make sense of someone else’s financial mess. While cleanup is something we’re paid for, there’s nothing more depressing than feeling like you’ll spend the next six months in a paperwork and spreadsheet prison.

But when you find yourself in this situation, don’t panic yet. QuickBooks Online (QBO) has a few tools to help you sort out the mess, stay organized, and keep your head through the process. I’ll walk you through the 3 that have been the most helpful to me: Bank Rules, Audit Log, Projects, Ask My Accountant account, and Import Lists and Scanning Apps. QuickBooks Bookkeeping helps you in mane your data on QuicKBooks Online.

1: Bank Rules

If your client uses bank feeds, QuickBooks Online (QBO) allows you to create rules that guide how transactions in the bank feed are categorized. For example, if your client’s rent is always paid to Rent, INC., you can create a rule that any transaction to Rent, INC. should be added to the Rent account. And QBO will do it for you automatically!

This is one of the most underutilized tools in QuickBooks Online. Why? Because quite frankly, it’s scary. The set up can be confusing, and many users are leery of creating their own rules, afraid they might be changing more than they are aware. And QBO already tries to match transactions to the appropriate accounts on its own, doesn’t it? Yes, but it makes mistakes which still need to be corrected and added to the register.

2: Audit Log

QBO tracks all changes and stores them in the Audit Log. You can view the history of any transaction, including edits to already accepted transactions and who made them. This tool is especially useful if you need to correct an error or see how far back a mistake was made. Click View to see the transaction’s history; from there you can click the transaction ID and directly view that entry to check transaction details and make changes if necessary.

3: Ask My Accountant/Ask My Client

This feature is all about client communication. Getting data from clients can be one of the most tedious tasks of accounting. But if you find yourself sifting through a mangled mess of paperwork, spreadsheets, or previous QuickBooks data, it is crucial to establish frequent communication to get data as quickly as possible.

You will not be able to guess everything about the ways your client runs his company and spends his resources, so open communication is vital. The Ask My Accountant account can help in this area. All new QBO company set ups have an Ask My Accountant account in the Chart of Accounts. If your client manages part of the QBO himself, make sure the Ask My Accountant account is active and have him put any questionable transactions there. Check the account often and handle these transactions quickly to help you and your client establish a good work flow.

Work smarter, not harder!

Cleanup is an unfortunate part of our job but also an important one. Clients depend on getting their books in order quickly. So instead of spending long days and nights in accounting purgatory to clean up the mess you’ve been handed, use all the QuickBooks Online tools at your disposal to work smart, stay organized, and maintain your Zen!

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Is QuickBooks for Mac Right for Me?

 

So you have an Apple computer, you are running a business, and you are interested in getting Intuit’s QuickBooks for Mac. System-wise, you have the right computer, but is the product good enough for your business needs?

QuickBooks for Mac, also referred to as Quickbooks Pro for Mac, is the desktop version for Apple's Mac operating system. Unlike the three versions its QuickBooks Desktop for Windows (QBDT) counterpart has—Pro, Premier, and Enterprise Solutions—and the three subscription types for QuickBooks Online (QBO)—Simple Start, Essential, and Plus—QB for Mac is a simple one-version software. So, if you decide to go with QB for Mac, you don’t have to choose.

But, in selecting any application to use, there are things that you need to  evaluate. You shouldn't decide to use a piece of software merely because it's the one that's compatible with your computer. Most of us want to use the product that will benefit us the most in the long run, instead of a product that can help us for now but will need to be replaced tomorrow. There are instances where switching from one software or software version to another can be considered practical and justifiable.

Should I Switch From QBO?

If you are currently using QuickBooks Online, then QuickBooks for Mac may work for you. Like QBO, QB for Mac has the ability to create professional invoices and easily manage the accounts payable. It's also simple to run reports. One major difference though, is in terms of access. If you are using a Mac computer and you have a need to work in the field on a smartphone or tablet, or to have access to QuickBooks from multiple locations, then QBO would suit you best. However, if you are more comfortable working offline and there is no need for you to sync third party applications to QuickBooks, then QB for Mac is the product for you.

So, should you use QuickBooks for Mac? Depending on what you need to do for your business and your bookkeeping, this QuickBooks version is still something worth considering. If you don’t need the extra functions that QBO and QBDT for Windows offer, then this version is worth it. However, if you think QBDT for Windows suits your business needs better, but you have an Apple computer, then you can install the Windows OS on your Mac instead.

If you are looking for best bookkeeping solution on bookkeeping without any barrier then QuickBooks Bookkeeping services help in matain financial solution.

Which is Best QuickBooks Version for Real Estate?

We’ve identified the QuickBooks online for real estate businesses, including property management companies, real estate agents, and landlords. We choose them based on a rubric weighted specifically for real estate companies, which gives extra importance to features like tracking income/loss by property, automatic monthly e-payments, and real estate-specific management tools. We are select QuickBooks for Real Estate Property based on the years of experice and requirement of real Estate company.

Our opinion about the QuickBooks Online:

QuickBooks Online is full-feature accounting software that is relatively easy-to-use, considering its powerful features and reports. It can be adapted to real estate companies, builders, architect easily by using the class and location tracking feature. You can define classes for each of your real estate segments and then locations for each property. Most of its vast array of reports can be customized to include only classes and locations you choose. So, you could look at the profitability of a particular building by running a report showing only those units, or locations, within the building.

QuickBooks Online will handle your bookkeeping easily, but it’s not designed to help with other aspects of your real estate business like managing leases, maintenance requests, rental applications, and showings. So before choosing the QuickBooks Online for your real estate business keeps in mind.

Final Thought

We’ve rated best real estate accounting software and discussed how each could serve the needs of particular real estate businesses. If you’re looking for software to track your profit and loss by property and prepare financial statements easily, QuickBooks Online is a best choice but before the reach of any conclusion need to understand of risk and reward of these software. So keep in mind these all and enjoy of feature of QuickBooks and go the next leval of your accounting solution.

Contact us here for the Real Estate bookkeeping with QuickBooks online.

QuickBooks Online or QuickBooks Desktop : The option for business software

 

Small and moderately sized businesses are one particular business that has been benefited probably the most. With so many versions of QuickBooks today, it often becomes downright confusing regarding the version which is good for us. We’ve brought for you a contrast of QuickBooks desktop pro 2017 and QuickBooks online. The majority of the QuickBooks users are perplexed regarding which version will work for them. You can find specific features for both of these which are making specialized inside their respective approaches.

QuickBooks Desktop Syncing

You can easily export your Payments, Invoices, and Clients to Quick Books Desktop version.

Due to the significance of your accounting information, we strongly suggest that you utilize the QuickBooks option to make a test company and do your first import into that company.  In this way, you can verify that the invoices, clients, and payments have already been imported as expected. An individual will be pleased with the Import results, then you can Import the file into your live Quick Books Company from that time.

Exporting the QuickBooks File

• In Estimate Rocket, Open the Reports page from the top menu.

• Choose the Week or Day that you want to Export your Invoices.

• Hit on the white gear icon and choose the Export to QuickBooks
  
  

Depending on your browser, you might be prompted to verify the downloading of your file at this point. Confirm the request to download and ensure and note that in which folder your file gets downloaded.

• Open your Company and Quick Books Application and choose File>Utilities>Import>IIF Files. Locate where your file was downloaded to and choose it.

• Once you choose the file that you want to import, you should get a message in a few minutes confirming that your file has been imported.
  
  

How Does QuickBooks Desktop make it Easier for You to Manage Bill Payments?

Too often, we’ve seen confusion over issues such as vendors with zero total balances listed in bills, open A/P reports, and which is why the owner has been paid still showing as open. They are often the result of a check written to owner against A/P, as opposed to paying a bill through the open bills screen.

It’s an understandable mistake to produce if one is a newcomer to QuickBooks or doesn’t regularly handle accounts payable.

Your Bill Payment Options in QuickBooks Desktop

If you choose to write your check, you can proceed to the write checks screen and create your check. Just ensure it’s not a check to Accounts Payable.

If the intention was to pay a bill, Go to Pay Bills button which will take you to the Pay Bills window filtered for that vendor.

Quickbooks Desktop vs Desktop Online Infographic:

Read More: https://www.myaccountsconsultant.com/quickbooks-online-or-quickbooks-desktop-which-one-is-better/

QuickBooks Online or Desktop: Select best for your business

 

There were many accounting software, however, one of the very prominent accounting software is apart from QuickBooks. The feature loaded software and the whole selection of products have always proven out to be super beneficial to the majority of businesses. Small and moderately sized businesses are one particular business that has been benefited probably the most. With so many versions of QuickBooks today, it often becomes downright confusing regarding the version which is good for us. We’ve brought for you a contrast of QuickBooks desktop pro 2017 and QuickBooks online. The majority of the QuickBooks users are perplexed regarding which version will work for them. You can find specific features for both of these which are making specialized inside their respective approaches.

QuickBooks Desktop Syncing

You can easily export your Payments, Invoices, and Clients to Quick Books Desktop version.

Due to the significance of your accounting information, we strongly suggest that you utilize the QuickBooks option to make a test company and do your first import into that company.  In this way, you can verify that the invoices, clients, and payments have already been imported as expected. An individual will be pleased with the Import results, then you can Import the file into your live Quick Books Company from that time.

Note: It is significant to keep track of payments and invoices which have already been imported the same payments and invoices and twice can cause a duplicate.

Exporting the QuickBooks File

• In Estimate Rocket, Open the Reports page from the top menu.

• Choose the Week or Day that you want to Export your Invoices.

• Hit on the white gear icon and choose the Export to QuickBooks
  
  

Depending on your browser, you might be prompted to verify the downloading of your file at this point. Confirm the request to download and ensure and note that in which folder your file gets downloaded.

The file name will default to “accounting_start date_end date.iif” The start date could be the first date being exported and the end date is the last date being exported.

• Open your Company and Quick Books Application and choose File>Utilities>Import>IIF Files. Locate where your file was downloaded to and choose it.

• Once you choose the file that you want to import, you should get a message in a few minutes confirming that your file has been imported.
  
  

How Does QuickBooks Desktop make it Easier for You to Manage Bill Payments?

Too often, we’ve seen confusion over issues such as vendors with zero total balances listed in bills, open A/P reports, and which is why the owner has been paid still showing as open. They are often the result of a check written to owner against A/P, as opposed to paying a bill through the open bills screen.

It’s an understandable mistake to produce if one is a newcomer to QuickBooks or doesn’t regularly handle accounts payable.

With the brand new version, It has added a notice screen to the write checks window, which you should choose to open the bill for whilst the payee:

You will find sometimes valid reasons to publish checks to a vendor who has bills.

Your Bill Payment Options in QuickBooks Desktop

If you choose to write your check, you can proceed to the write checks screen and create your check. Just ensure it’s not a check to Accounts Payable.

If the intention was to pay a bill, Go to Pay Bills button which will take you to the Pay Bills window filtered for that vendor.

If the users are running a product based company and having complicated inventory needs then the users must opt for QuickBooks Desktop. However, if the users are running a service-based business then QuickBooks online is the optimal choice for them.

Contact us here for select the best accounting software for your business.

Quickbooks Desktop vs Desktop Online Infographic: