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Software for Reducing Your QuickBooks Company File Size

I previously wrote an article  in which the question was about your QuickBooks company file, its size, and how to manage it.  I mentioned briefly a software that could accomplish this. The following relates to that software. Although there are a couple of companies that market software for reducing a QuickBooks company file size, I will only deal with the one I found to be the easiest to...

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QuickBooks Period End Tasks: The Accounting Side – Chpt.3

This brings us to the final chapter on QuickBooks period end tasks. What will be covered here is Long Term Debts, Audit Trail and Setting the Closing Date. Long Term Liabilities – If this type of liability was financed by a lending or banking institution, then at the end of each year, a statement from the lender should be reconciled to the Balance Sheet amount. Here one has to be cognizant...

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QuickBooks – Disassembling Inventory Assemblies – Part 15

In response to a question,  yes you can disassemble the inventory assemblies and return the component items to inventory. Any of the following should accomplish that task: From the Home page you can click on the Adjust Quantity On Hand icon in the Company section. You can then adjust  for each assembly component and the assembly item. While in the Build Assemblies window, reduce the quantity...

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QuickBooks Quik Tip for the Day – Set Closing Date

I have another tip for people in senior accounting positions and especially owners. Far too many people are not aware of the problem that junior people can create by changing data entries in QuickBooks. This can result from voiding, deleting or changing a transaction that was entered in any fiscal period and particularly in a previous fiscal year. This can impact the integrity of your financial...

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