QuickBooks Enterprise
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Bank reconciliation tips (Q)
Tip 1: Use Bank Reconciliation to reconcile balance sheet account. This is particularly useful for Retainage or Customer Deposit accounts as those are often overlooked. Tip 2: Reconcile credit card statements with Bank Reconciliation. Tip 3: Reconcile your heavily used account more frequently (ie: weekly or daily). This can make month-end reconciliation much faster for high volume accounts. It is also very helpful if a company has cash flow issues, or often moves cash to/from higher interest bearing accounts. The KEY is: once you reconcile to zero, hit “LEAVE” instead of “RECONCILE NOW.” Quickbooks can only store a limited number of reconciliation reports, so you wouldn’t ...
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Identity Theft Tip (O/T/Q)
The new Massachusetts Identity Theft Protection Regulation recommends that we lock our computer when leaving our desk. You can do this by pressing CTRL + ALT + DEL. This will open the Windows security menu and from there you can click on Lock this Computer. Or, if your keyboard has the Windows key, hold it down and type L. This will lock the screen instantly. Then when you return, just enter your password and everything will be as you left it.
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Test W2′s with SSA’s free program (O/T/Q)
The Social Security Administration offers AccuWage - a free program to test your company's W2’s. This program reports to you any errors found that would affect submitting the W2 Magnetic Media to the SSA. To download the AccuWage 2009 software go to www.ssa.gov/employer/accuwage. If you have used AccuWage in prior years, the SSA recommends that you uninstall the older programs and install the latest version.
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Quickly find setup issues with inventory items (Q)
Troubleshooting Item problems can be a challenge because setup issues (i.e. using a single-sided item) don't stand out on the income statement. Often the only indicator that there is a problem is that the income is either grossly over- or under-stated. To easily find items that are not set up correctly, show the Item list, right-click anywhere on the screen and click "customize columns". Add the COGS account and move it up under the Account column. Any ...
