The QuickBooks accounting solution offers tools to manage your vendors, customers, clients, finances, and inventory. The Report Center offers a method of tracking aspects of your corporate, including income, sales, and expenses and overall the growth of the company. QuickBooks automates many aspects of managing your business by calculating tracking products, sales tax, and automatically updating transactions in your customer, register, and vendor areas.
Creating detailed reports wants that you exactly enter your vendor, customer, and item details. Once you run a report, modify the report to filter information by a specific vendor, customer, item, transaction date or show past due payments and other important information. Once you run a report, add it to your favorite or memorized report list for future access. A list of pre-configured reports displays within the Reports drop-down menu. The Profit and Loss report offers businesses with one of the most commonly used reports.
Payroll offers the capability to manage paychecks, pay liabilities, and set annual limits on particular payments such as vacation pay. Manage tax-exempt employees, workers’ compensation, and tax forms within the Payroll Center. For a monthly fee, QuickBooks Support provides a service that provides online payroll options to send the direct deposit and email receipts of payments. Assign payroll permissions to specific users if you’re using a multi-user QuickBooks accounting solution. Moreover, edit information from the Employee Center to add additional tips, deductions, and other employee-specific details.
Billing and Invoices
QuickBooks offers two types of statements — Billing and Invoice statements. Billing statements bill a customer with charges over a period of time, for example, a manufacturing company with charges that accumulate over several months as costs and materials build up. Billing statements get documented in a special inventory called the Customer Register. Invoice statements work best for items paid and purchased for a single transaction and don’t accumulate over time. For instance, a bookstore that orders a book for a customer might offer an invoice payable upon receipt or order of the book.
Any work that is difficult is bumped up to the ‘boss’ through a procedure we call bottom-up the delegation. This allows your QuickBooks Accountant solution to accomplish 80% or more of the work without the high expense of an accountant. Yet anything difficult is handled by the experienced and skilled QuickBooks Customer support service.