QuickBooks Pro to Enterprise

 

Whether you are a current user of QuickBooks, or you’re still considering which accounting software to invest in, you should know about QuickBooks Enterprise.

Quickbooks Enterprise boasts more features than any other version of QuickBooks and is Intuit’s “mid market” offering. While it does cost more that QuickBooks Online or Desktop, the unique benefits more than make up for the extra cost of the software.

1. Backups are Easier Due to the Vault

The vault in QuickBooks Enterprise makes it easier for you. The Vault is a secure folder that holds your company data, and lets you back up any information on the computer without modifying or deleting anything inside the vault. It's a safe way to back up all of your files so that if something happens to your computer, you can restore from backup with ease.

2. Support Is Better for Longer

A QuickBooks Enterprise subscription opens access to free tech support for the accounting software for a period of one year at no cost. While the Pro software has this option too, the support is only available for a single month. If you are just switching over to the accounting software, you will need support for longer than a month. Additionally, the technical support available to Enterprise users is provided through the Intuit Priority Circle, which is staffed only by senior reps who deeply understand the product.

See More: https://www.myaccountsconsultant.com/quickbooks-pro-to-enterprise/

Now that you know the many amazing benefits of QuickBooks Enterprise, why don’t you give it a go yourself? The benefit of extra storage in the online vault, increased user capacity, and remote access privileges make the Enterprise version a worthy investment. What’s more, these are only some of the benefits you gain. The advantages of this version of the software truly outweigh the cost, especially if you see your business expanding in the future.

What You Need To Know About Accounts Payable

 

What exactly is accounts payable (AP) and what do the entries entail? Essentially, it represents the obligation of a firm to pay off their debts to the respective creditors and suppliers in a stipulated timeframe. The failure to make these payments can result in your business defaulting. While the balance sheet is filled with lots of information and many sub categories, none of these categories can even be compared to the AP section. Here, you can manage the records of the money which you might owe any party that enables your business to continue operating. As an inexperienced business owner, it can be overwhelming to keep track of your accounts at the start.

Why is this Section So Important?

The accounts payable section in the books of your business is so important because it captures the short-term liabilities that you have to deal with. It is usually marked by IOUs from your business to an external entity. However, note that it is only credited when the invoices have been received. When these bills have been paid, then it will be debited. The account can be found under the current liabilities account on your company’s balance sheet. It is useful because it shows you the grand total of money that your business owes to lenders and vendors.

Common Trends

If you see that your accounts payable section seems to be growing larger, instead of shrinking, it means that your company is buying more items on credit. If this is the case, you should relook your business model and pay for things in cash, or reduce your spending to reduce the amount of debt. Conversely, if the opposite were to happen, you might be paying back your debt at an unsustainable rate. As such, having a firm grasp over the spending and returning habits of your company is important when you are optimizing the cash flow of your business.

How Can You Record Accounts Payable?

If you have chosen to use double-entry accounting for your business, you will need to account for an offsetting debit whenever you credit anything into the ledger. Recording your accounts payable is pretty simple. All you need to do is to credit the account every time your business gets a bill or an invoice. Once this is done, add a debit in order to offset the credit to balance your balance sheet. Typically, you will find that the expense account that is linked to the item you purchased on credit will be debited. Note that when you pay the bills, you need to debit it in your accounts payable. Doing so will help to decrease the current liabilities and will make your balance sheet more current. Balancing will require you to lower the cash balance for the same amount of money.

The 5 Best Payroll Services for Small Businesses

 

Are you looking for the best payroll services for your small business? If so, we have compiled a list of the best payroll service providers. They offer their clients top-notch customer service and experience personalized to meet their unique needs.

Your employees depend on you to make sure they are paid correctly and on time, but this can be difficult if you do not have enough time or resources to handle everything yourself. A professional payroll service provider will take care of all aspects of your company's HR and accounting needs--from benefits administration, taxes, employee leave policies and more--to ensure that your employees are treated fairly and appropriately at every step along the way. After careful research analyzing these services' pricing models (per employee), eligibility requirements.

1. Intuit Payroll

Intuit Payroll is a new service that offers you everything you need to manage payroll, tax and benefits for your small business. Intuit's payroll experts handle all the complexities so you don't have to. With Intuit Payroll, we can help your company take care of its taxes and ensure compliance with laws like ACA/Obamacare, FMLA or COBRA. In addition, our team will provide guidance on employee wages and salaries including withholding schedules, retirement options (like 401k plans), reporting time off (Sick Days) and more.

2. Gusto

Payroll Services for Small Business Owners with an Easy-to-Use Interface This service features customizable reports and invoices as well as 24/7 customer support through email, chat or phone call. They also offer automatic tax calculations and year end filings which will help save you time and money.

3. On Pay

On Pay has been helping businesses like yours stay compliant with Department of Labor regulations since 2003 by providing accurate and timely payroll processing as well as access to all necessary forms from one website. We offer the most competitive rates in the industry while still guaranteeing 100% accuracy so that you don't have any worries about whether or not employees are being paid correctly.

Looking for the best Payroll services for small business ?

Contact us here for Payroll services for small business.

Business Benefits from Accounts Receivable

 

You are a small business owner and your cash flow is tight. You have an excellent credit rating but need some extra money to take care of expenses like payroll, taxes, and other pressing needs. What should you do?

A company that specializes in Accounts Receivable financing may be the answer.

Accounts Receivable allows your business to access funds based on the outstanding invoices you've received from customers. The funds can be used for anything from paying down short-term debt or ordering new inventory. The best part about this type of financing is that it's not expensive, so even if they're approved for a loan with another lender, there could still be benefits!

Accounts Receivable is a type of short-term loan that can be used by businesses to finance day-to-day operations. The funds are repaid in installments on a schedule determined by the lender, typically over six months or less. Accounts receivable loans are not secured and do not require collateral, which makes them an attractive option for small businesses with low credit scores or no credit history at all.

There are many benefits to accounts receivable financing, including:

-Increased cash flow

-Funds for business expansion or improvement

How much money you can receive depends on the following factors: your credit, length of time in business and type of industry. But it's a great way to boost your company's revenue.

Accounts Receivable financing is the perfect solution for your business when you need to make a purchase or investment that requires more cash than what you have in current funds. You can use this type of financing to cover any expense, from growing inventory, acquiring new equipment, making a large capital purchase and much more. If you're interested in learning more about how accounts receivable finance can help your company take care of its day-to-day operations!

Read More: https://www.myaccountsconsultant.com/accounts-receivable-management-services/

Contact us here for outsourced accounts receivable services on affordable pricing & quick turn around time.

QuickBooks Payroll for Business: The Best Payroll Solution

 

QuickBooks Payroll service that helps small businesses keep track of their payroll. This includes calculating the correct amount of taxes and deductions for each employee, as well as filing the appropriate tax forms. QuickBooks provides an overview of your business's financial status so you can see how much money is coming in, going out, and whether or not it will all add up to be profitable at the end of the year. If you are using QuickBooks to calculate your payroll taxes, today we're going to talk about some of the benefits that come with this service!

Benefits Offered by QuickBooks Payroll Services:

1. Process Payroll

2. Prepare Payroll Taxes

3. Organize Employee Information

4. Track Company Benefits

5. Assign Each Employee’s Payroll to Jobs

MAC payroll solution designed to help employers and employees get the most out of their time and money. QuickBooks Payroll makes it easy for you to manage payroll with an intuitive interface, powerful features, and dedicated support team. With our payroll services, there are no more paper checks or complicated calculations - just enter hours worked from your employee timesheet into QuickBooks Payroll (or import data from other systems) and all of the calculations will be done automatically. You can also make changes on the fly if something comes up after payday!

Read More: https://www.myaccountsconsultant.com/benefits-of-using-quickbooks-payroll-for-business/

Top Benefits Of Using QuickBooks Payroll for Small Business

 

QuickBooks Payroll service that helps small businesses keep track of their payroll. This includes calculating the correct amount of taxes and deductions for each employee, as well as filing the appropriate tax forms. QuickBooks provides an overview of your business's financial status so you can see how much money is coming in, going out, and whether or not it will all add up to be profitable at the end of the year. If you are using QuickBooks to calculate your payroll taxes, today we're going to talk about some of the benefits that come with this service!

Benefits Offered by QuickBooks Payroll Services:

1. Process Payroll:

The process of payroll is a tedious one. With the recent changes to the tax code, it's important that you keep up with all of the new rules and regulations in order to stay compliant. From tracking hours for each employee, to managing their taxes appropriately- we'll take you through every step so you know how best to do your own payroll correctly.

It can be difficult for employers who are unfamiliar with the ins and outs of Payroll software like QuickBooks Payroll. It's not always easy figuring out what information needs to go where or when something goes wrong how to fix it without understanding its context - but fear not!

2. Prepare Payroll Taxes:

It's the end of the year, and you're finally ready to submit your payroll taxes. You take a deep breath, gather up all of the necessary paperwork, and start filling out all of those forms. But then you get stuck on one thing: what are these tax rates again? We have some information for you!

You'll need to know your federal tax rate in order to complete this process properly. Fortunately, QuickBooks Payroll has it covered with our pre-filled Form 941 Schedule A form that includes calculated withholdings so that you can focus on completing other sections. You might also want to think about any applicable state or local taxes as well - we've got info for that too!

3. Organize Employee Information:

QuickBooks Payroll is an easy way to organize and track your employee information. If you are a business owner or manager, it's important that you have the right software at hand to make sure you're doing everything correctly. With QuickBooks Payroll, there is no need for complicated calculations because payroll management takes care of all the hard work for you! All of these features are built in so that your employees can be organized from A-Z with just one click!

The best part about using this software is that it saves time and money by providing automatic updates on new tax requirements as well as calculating overtime pay rates.

4. Track Company Benefits:

QuickBooks Payroll has made it easier for employers to track company benefits. With a little work, you can set up and manage your employees' health insurance, retirement funds, and more.

5. Assign Each Employee’s Payroll to Jobs:

Who doesn't love to multitask? If you have a lot on your plate, then this is the for you. With QuickBooks Payroll, it's easy to assign each employee’s payroll to jobs and get everything done at once. Simply go into the “Jobs” tab and select which job they are working on by clicking “Assign Payroll Item." You can also edit an existing job or create a new one. This will allow you to keep track of how much time employees spend on various tasks so that you can plan accordingly when assigning work in the future!

MAC payroll solution designed to help employers and employees get the most out of their time and money. QuickBooks Payroll makes it easy for you to manage payroll with an intuitive interface, powerful features, and dedicated support team. With our payroll services, there are no more paper checks or complicated calculations - just enter hours worked from your employee timesheet into QuickBooks Payroll (or import data from other systems) and all of the calculations will be done automatically. You can also make changes on the fly if something comes up after payday!

If you are still confuse about the the QuickBooks Payroll for Business then contact us here for choosing best accounting software for fashion.

Why Your Small Business Can’t Afford to Bad Bookkeeping

 

As a smaller business owner, there are lots of things that you need to worry about to move your startup to the next level. Not only are you concerned about the cash flow but you also carry the burden of overseeing the day-to-day activities of your startup. Technically, you are in charge of every aspect of your enterprise right from budgeting to marketing, customer service, business development, and accounting.

Bookkeeping is an essential component of any business that enables you to record and track a variety of your business expenses. Poor bookkeeping services can lead to a wide range of problems that can bring down your small business. Here are some of the potential issues that may arise should your small business perform poor bookkeeping.

Poor Business Decisions

There is no way you can make accurate business decisions for your enterprise if you don’t understand its current financial health. When you are making tough decisions about hiring or firing of employees, marketing, and business development, you need an accurate and detailed picture of the financial situation of your company. This information is quite crucial since it helps you run critical financial reports and make informed decisions based on the current economic trends that your business startup is experiencing.

Late Filing of Your Taxes

Keep in mind that if you don’t file your tax returns, you will pay interest and penalties which tart to accumulate the day after the due date. You can’t afford to pay such penalties and interest if you are running a startup and you are still struggling to become stable. As if the penalties aren’t enough, a late filing is also a red flag for the IRS that will lead to a business audit. However, you can avoid the problem of late filing by ensuring that your records are up-to-date all the time.

Contact us here for virtual Bookkeeping Services.