Giving your team or accountant access to your accounting software doesn't have to be complicated. One of the benefits of QuickBooks Online compared to QuickBooks for Windows is that you can add users for reports and time tracking only without jeopardizing your financial data and without paying additional license cost. Use this step-by-step guide to setup access for users in QuickBooks Online.
Emailing reports from QuickBooks Online is an easy way to share financial information with your team, company management and/or to yourself. You can send a report to multiple recipients and even include a note in your email.
Follow these steps to send a report in QuickBooks Online:
#1. Log into QuickBooks Online. We will be using the Craig's Design and Landscaping Services company. Click on Reports on the left-side Navigation Bar.
Here are quick steps to create a 1099 report in QuickBooks Online to use in filing your tax forms or import into a 3rd party 1099 filing system.
#1. Log into your QuickBooks Online then click on Reports on the Navigation bar.
#2. Click on All Reports tab.
#3. Click on Review Expenses and Purchases.
Save time and data entry steps by using QuickBooks Online recurring transactions feature to schedule and enter monthly expenses with fixed amounts and dates into your account register. You can schedule your expenses for QuickBooks Online to automatically enter them into your account register or give you a reminder when they are due.
This feature works great for checks, bills, invoices, credit memos, transfers, journal entries, and many more. We love using this feature with our clients that need job costing allocations to different classes. Follow these instructions to start scheduling your recurring expenses in QuickBooks Online.
As an entrepreneur (myself included), we are responsible for paying self-employed estimated taxes quarterly to the IRS if we don't have other wages from which withholding taxes can be taken. Figuring out how much taxes to pay without underpaying is often times difficult.
If you underpay, you end up owing the IRS more taxes when you file your return and incurring a penalty. If you overpay, you are giving the IRS free-loan money to use until you file your tax return. This article by QuickBooks offers strategies on calculating estimated taxes correctly - http://quickbooks.intuit.com/r/taxes/strategies-for-calculating-and-paying-estimated-taxes.
Intuit recently added a new QuickBooks Online Labs feature called New Registers to give customers the ability to customize account registers for a cleaner data entry process. We love using the filter and search function of the new layout to find duplicate transactions and incorrect transaction amounts when working with our clients' books. The new layout makes it easier to enter transactions in one screen without switching back and forth between the banking section and chart of accounts.
Key Benefits of the New Registers:
Have you imported a batch of transactions into your QuickBooks only to find out later you need to undo everything? Have you ever lost your financial data due to a corrupt hard drive or computer crash? One of my clients recently experienced this and needed my help to recover their QuickBooks company file. A reliable QuickBooks backup of your financial data will ensure your business can continue operations in an event of a disaster without shutting down. Implement these three easy strategies to backing up your QuickBooks Desktop file to secure your data.