QuickBooks Made Easy | Tax Tip of the Week | No. 149

You Need to do Your Bookkeeping!  So, you’ve purchased QuickBooks with the expectation that it will solve all of your bookkeeping problems, right? Then, you find out you don’t even know where to begin!QuickBooks can be a very powerful tool in organizing your massive amounts of financial data, but you simply need a handful of tools to get you started. The very first step is setting up a checking account! If you set up your checking account and enter your deposits and withdrawals, you’ve already gone a long way towards becoming a rock star bookkeeper!  Did you know that the second most important task is reconciling your checking account each month?Obviously you will want to do more complex transactions, such as entering credit card charges, preparing estimates and invoicing your customers, charging sales tax, etc.  You can even enter time and billing for jobs, and print Profit & Loss reports for each job and/or location. A few tips and tricks will get you headed in the right direction – remember, QuickBooks can do literally thousands and thousands of tasks, but, in all probability, you only need to perform about five or six of these tasks.We have two Certified QuickBooks ProAdvisors on staff that will be happy to help you get going in the right direction. It’s better to start out right than to spend your valuable time doing data entry and finding out hours later that it all needs to be redone!As always, give us a call if you have any questions.This week’s author:  Hilary Hitchcock, CPA,  QuickBooks ProAdvisor  You can contact us in Dayton at 937-436-3133 and in Xenia at 937-372-3504.  Or visit our website.Rick Prewitt - the guy behind TTWTax Tip of the Week Video Series:http://youtu.be/BlhqUiVEsJo...until next week.