QuickBooks Tips

Some QuickBooks Tips

Opening Two Company Files in QuickBooks

I had an interesting inquiry the other day from a QuickBooks user. “Larry,  a quick question…..because I am now running two sets of books in the Quickbooks program, is it possible to have both sets up at the same time?  It’s a nuisance to have to close one and open the other when I’m trying to find something!” The answer to that question is …Yes....

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NumberCruncher’s Inventory Goes Further with All Orders

  This is one product that I have written about previously and I can’t say enough good things about it. So I thought I would update you with this following excerpt from my colleague at NumberCruncer. If you are a manufacturer in the food industry, then you will really find this Lot Tracker extremely helpful. Advanced Inventory & Order Tracking All Orders by NumberCruncher is a...

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What Happens If You Make the Default Tax Account Inactive?

I should point out that this article has to do with the Canadian users of QuickBooks, so it may not be relevant to anyone else, hey! In working with a client the other day, I discovered that they had decided to add two accounts for their GST/HST Payable. One was for the HST paid and the other for the HST collected. To do this they made the QuickBooks default GST/HST Payable Inactive as...

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From a Single or Duo Ownership to Incorporation in QuickBooks

So you started out as a Proprietorship or Partnership and after several years your business has become so successful that your accountant has suggested it’s time to incorporate. This may due to a number of factors, but the amount of income tax you pay as a single entity in comparison to an incorporation, will be a key one. Okay, now what do I do about the company file that I am currently...

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The Limitations of the Accountant’s Copy in QuickBooks

If you’re hoping to find something through the QuickBooks Help on the limitations of the Accountant’s Copy, I say to you good luck. Sure it will tell you some useful information about what an Accountant’s Copy is, how large it can be, and so on, but it really doesn’t say what you can and can not use it for. There are so many limitations that I wonder why Intuit even...

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Will the QuickBooks Accountant’s Copy Work with Errors?

This article is mainly for QuickBooks ProAdvisors since they are the ones that would use the Accountant’s copy. Normally this is pretty straightforward, with the client emailing you the Accountant’s copy via the Intuit Server, you work in it, make the changes and email it back. What happens though if you have done a Verify Data and it has checked out clean, but there are errors in the...

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