Manual bookkeeping can be a time-consuming process, and when mistakes are made, they can increase costs and cause problems for your business. QuickBooks is a helpful tool for business owners to streamline the process and avoid errors. The following tips will ensure you’re getting the most out of this useful accounting tool. 

QuickBooks Tricks All Business Owners Should Know

1. Get Familiar With Shortcuts

When you perform the same tasks over and over, keyboard shortcuts are your best friend. Ctrl F opens the Find Transaction window, Ctrl X moves selected text to the clipboard, and Ctrl I creates a new invoice. You can see the full list of shortcuts by looking at specific commands in the menu bar. 

2. Automate Processes

You can send essential documents directly to associates and clients. Sending out these notices on your own takes up a lot of time, and you also run the risk of forgetting to send out important information. This program allows you to automate processes, including sending emails, reports, and invoices. 

3. Customize

One of the most exciting things about using QuickBooks is that it can be customized to meet your business’s specific needs. For example, you can alter the icon bar so it contains the buttons you need and removes the ones you don’t. This stops you from constantly searching for buttons while working, speeding up the process. 

4. Make Quick Work of Reconciliation 

Bank reconciliation is a comprehensive procedure, one that must be performed correctly to ensure bookkeeping remains accurate. It’s the process of matching balances on accounting records with official bank statements.

The program will check statement balances to make sure they’re properly recorded and that the figures add up. QuickBooks also performs reconciliation for other financial accounts, including credit cards. 

Working with a skilled accountant can help business owners in Lincoln, NE, navigate common bookkeeping issues. Balanced Bookkeeping & Tax Services is glad to help local businesses and offers QuickBooks services to help you get the most out of the program. Not only can they help with setup, but they also provide training and answers to common questions. Visit them online for more helpful tips or call (402) 466-4272 to schedule an appointment.