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QuickBooks is one of the most unprecedented accounting software used by millions of people across the world. The sophisticated features of the accounting application attract small and medium size businesses across various industries. However, in the current scenario, when employees prefer to work remotely, companies are too finding out various ways for the same. No doubt, QuickBooks has changed the way of using accounting applications in the finance industry. However, it is a desktop application. Henceforth, to access QuickBooks desktop remotely, you need the tool that facilitates Quickbooks Remote Access.

Unable to Use the QuickBooks remote access tool? And are you looking for help? Call our experts @ +1855-603-0490 and Get Instant Help.

QuickBooks understands this and provides an easy and quick way to remote access QuickBooks. The experts can easily enjoy the QB remote access facility. However, new users always look for the process explaining “how to access QuickBooks desktop remotely.” If you are among those who look for the explanatory steps, then stick to this blog and find out more about the process. This blog not only explains the in-depth process but also jotted down the various advantages of the tool.

A Glimpse of QuickBooks Remote Access

QuickBooks Remote access simply means the ability to access the application remotely from anywhere and at any time. This facility of QuickBooks empowers you to work or access your QB financial data file from any device. If you, too, are thinking about how can I access QuickBooks desktop remotely, then QuickBooks provides three options to connect to the application remotely, namely QuickBooks online, QuickBooks enterprise hosting, and QuickBooks remote access tool. All three options are briefly explained below in this blog. You must pick the correct method that best fits your business requirement, as each method have its unique features and capabilities.

QuickBooks remote access

Best Possible Ways to Access QuickBooks Desktop Remotely

As mentioned above, can you access QuickBooks desktop remotely via any of the methods supported by Intuit? So, without delaying further, let us have a quick look at all three methods.

Method 1: QuickBooks Online

As the name suggests, there is no need to install the application on your system.

QuickBooks Online is a cloud-based application that allows you to access the application from anywhere. All you need is a high-speed, safe, and reliable internet connection. There are different plans available; you can pick any of the plans that best fit you.

Method 2: QuickBooks enterprise Hosting

For a business that needs more advanced functions, QuickBooks enterprise hosting is the perfect solution. The QB enterprise application is hosted on remote servers that are safe and secure. This service is must more robust as you can enjoy the benefits of both remote and desktop. The best part is that third-party apps can be easily integrated with this service.

You need to check a few parameters, such as security, SLA, plans, and pricing, to access the QB application remotely via a web hosting service. After signing in to the respective portal, you can easily migrate the data along with the license of the accounting application. Take the help of the below-cited steps to host the QB application.

  • The foremost step is to pick a suitable hosting provider based on your budget and the size of your company. Make sure that the hosting provider is authorized by Intuit.
  • After that, host the enterprise with the preferred cloud provider. The software license needs to be installed on your local desktop. You can migrate the data and the software’s license to the server.
  • Sign in to the portal by using your admin credentials.
  • Finally, you can migrate the data or access the application remotely.

Method 3: QuickBooks remote access Tool

Developed by Intuit, QuickBooks remote access is a reliable tool that provides a safe and secure way to access QuickBooks remotely. The tool helps the users to access the QB application from another system via a secure web connection. Once the connection is established, you can easily transfer, access, edit, or copy the QB files located on the remote system. Accessing the tool is quite very simple, and anyone can access it without any issues.

Easy Steps to Access QuickBooks Remote Access

Take the guidance of the below-listed steps for remote access to QuickBooks. Our experts have explained the entire process in simple language.

  • Open the official website of Intuit and sign up for the remote access QuickBooks.
  • Now, open the QB remote access website and login into it by using your admin credentials. Here, keep in mind that you open the remote access website on the remote device.
  • After that, download the remote access remote installation file and tap on the setup computer option.
  • Further, mention the nickname in its respective field and press the enter button.
  • Moving ahead, put a tick mark on the options which you want to enable every time whenever you log in.
  • After, pick the applications which you wish to access remotely.
  • Tap on the next button and pick the authentication method.
  • Finally, tap on the finish button.

Alternative Method to Access QuickBooks Remotely

In case you have encountered certain problems while accessing the QB desktop remotely with the help of previous methods, then you can opt for this alternative option. The helpful steps explaining the process are mentioned below.

  • The first step is to open the web browser on your remote device.
  • Open the official remote access website and log into it using your admin credentials.
  • After that, locate and put the tick mark on the box having the system nickname.
  • Further, you need to tap on the connect button.
  • A passcode will be delivered to your mobile. Enter the passcode in the designated field.
  • Once the connection is established, you can access the QB remote facility from the drop-down menu.
  • Finally, tap on the end remote access session to end the process once you have completed your session.

Read Also:-Fix QuickBooks compile errors in hidden module

Things That Can be Performed while Accessing QuickBooks Remotely

Once you have established the remote connection, you can perform the below-mentioned things easily.

  1. Can access QuickBooks easily from a remote location, yes you can
  2. You can easily transfer files or other important documents that are saved locally.
  3. You can easily print the checks, receipts, or Form 1099 remotely.

Benefits of Using QuickBooks desktop remote access Tool

Accessing the QuickBooks via the QuickBooks remote access tool is preferred by various people. It has numerous benefits. Below, we have mentioned some of the benefits that users can enjoy. Let us have a quick look at each of the benefits.

Enhanced Disaster Recovery

Remote access secures your data. Even if your local hardware fails or gets corrupted, all your financial data remains secure.

Simplified IT Management

There is no need to manage the complex IT infrastructure. With the help of the tool, you can easily access data remotely, and the need for IT infrastructure reduces.

Improved Data Security

The data stored on the QuickBooks servers are safe and secure. All the protection methods are taken into account while accessing the data stored on the remote server. The encryption method is used.

Seamless Software Updates

For the proper functioning of the application, you need to install the latest version of the application. The automatic updates ensure that you always have the latest version of the application.

Easy Collaboration

You can easily track the activities of your accountants. Also, you can easily share the data with your accountant, which helps them in preparing taxes and other financial activities.

Greater Scalability

As your business grows, there is a need to scale up your remote access capabilities. It helps in accommodating more users with better data storage.

Cost Saving

The tool helps in connecting with multiple team members irrespective of their location. There is no need to buy a license for multiple software. Also, the hardware cost is reduced. Hence, you finally end up saving your precious money.

Better Flexibility

The tool offers better flexibility. You can access the QB files from anywhere and anytime. It saves your time as there is no need to visit the office physically. You need a high-speed internet connection and a device from which you can access the application.

Increased Productivity

With the help of the tool, you can connect with the other team members in real-time. It helps in making a better decision that ultimately increases productivity.

Easy Transfer

With the help of the tool, you can easily import or transfer files or a complete folder from one system to another. There is no need to travel to your office or the client’s location to access the software. It is also beneficial where traveling is not possible.

Read Also:- Fix QuickBooks Error 350

Final Wordings

We understand that accessing the QuickBooks file from anywhere and anytime plays an important role in the growth of any business. With the help of certain methods, you can access the QuickBooks remotely. We hope that this blog clears all your doubts regarding QuickBooks remote access. However, if you are still having some doubts or get stuck somewhere in the process, then you can call our experts immediately. All you need is to dial our helpline number or email your problem to us. Leave rest to us; we will take care of everything.

Frequently Asked Questions

1 – How much does the QuickBooks remote access cost?

A – You can access QuickBooks remotely via any of the supported methods. All three options are explained clearly in this blog. However, there is a certain fee that you need to pay while accessing the remote access service.

2 – Can QuickBooks desktop be accessed remotely?

A – yes, you can access the QuickBooks remotely. The QuickBooks remote access tool helps you in accessing the QB application remotely.

3 – Can I get support for QuickBooks remote access?

A – Yes, our experts are proficient in resolving the various errors and technical issues of QuickBooks. They will assist you; all you need is to call our experts or email your query to info@quickbooksupportnet.com.

Managing the finances can be a daunting task for many business owners. They need someone who can handle their complex financial tasks easily. It is a well-understood fact that business grows at a faster pace with the leap in technology. Nowadays, the market is full of various accounting software; however, picking the right accounting software is a complex thing. Presently the two most popular accounting software available in the market are Quicken and QuickBooks. Though the two accounting software comes with several unique features, however, you need to pick the best one for your business. If you are struggling to choose the right accounting application, then we have compared Quicken vs QuickBooks. So, read the blog till the end to know more about both the accounting application.

Glimpse of QuickBooks

Developed by Intuit, QuickBooks is an accounting application that is designed especially for small and medium-scale industries. The sophisticated features of the application, such as invoice generation, payroll management, inventory tracking, tax filing, and more, attract entrepreneurs from across the world. The best part of the application is its user-friendly interface so that even a newbie feels comfortable using it. You can use any version of QuickBooks – Desktop, Pro, Premier, or enterprise edition. Moreover, the users can enjoy the application remotely. With QuickBooks online, you can work from anywhere and at any time.

Plans of QuickBooks

QuickBooks offers four different plans, namely, QuickBooks Simple Start, QuickBooks Plus, QuickBooks Advanced, QuickBooks Self-employed, and QuickBooks Payroll.

QuickBooks Simple Start

It is the most basic plan and supports only one user. You can enjoy the benefit of contact management, unlimited invoicing and estimating, and more. A mobile app is also available in this plan.

QuickBooks Plus

QuickBooks Plus is a much more advanced plan and supports up to 5 users. Apart from having simple start features, the users can enjoy inventory and bill management, project profitability tracking, and more.

QuickBooks Advanced

This plan supports up to 25 users. Apart from having the features of Plus and a simple start, users can enjoy advanced reporting, batch-importing abilities, and much more.

QuickBooks Self-employed

The self-employed plan is for one user, and you can enjoy quarterly tax management and more. This plan includes some of the unique features that are not available in others.

QuickBooks Payroll

The QuickBooks payroll add-on feature is available in three plans, namely core, payroll premium, and payroll elite.

A brief look at Quicken

Developed by the same company as QuickBooks, Quicken is a personal financial management application that is used by millions of people across the world. Rolled out in the year 1983, the application is one of the most popular accounting software. It is used to manage financial activities such as income and expense tracking, budgeting, investment, and more individuals. The ultimate application comes with amazing features such as bank account reconciliation, bill payment, reports customization, and more. Though the tagline of Quicken says it is suitable for small businesses; however, as per the user’s reviews, it is best suitable for personal use only.

Quicken Plans

Just like QuickBooks, Quicken also offers various plans to its users. The users can pick any of the Quicken plans that best fit their requirements. The various plans of Quicken are:

  • Quicken Starter
  • Quicken Deluxe
  • Quicken Premier
  • Simplify by Quicken
  • Quicken Home and Businesses

Quicken Starter

It is the basic plan, and you can enjoy the features such as bill tracking, budgeting, and can categorize expenses. Apart from it, you can easily export data to Excel.

Quicken Deluxe

The users can enjoy the features of Quicken Deluxe along with the tracking of loans, investments, retirement accounts, and more.

Quicken Premier

It is the advanced plan of Quicken and includes all features of the above-mentioned plans. The users can enjoy portfolio analysis, schedule D tax support, quick digital bill payments, and more.

A quick look at Quicken vs QuickBooks

Though both accounting applications are used to manage and streamline financial work, both serve different purposes. Also, the audience of both applications is completely different.

If you are confused about selecting the right accounting software for your business, then read the below-mentioned table. Our experts have summarized the quicken home and Business vs QuickBooks for your easy understanding.

  Quicken QuickBooks Desktop QuickBooks Online
Format Desktop software Desktop Software Cloud-based software
Subscription Annual Subscription Annual or a one-time purchase Monthly
Trials Not available 30 days free trial 30 days free trial
Mobile App Available, but it has limited features. Not available Available for Android and iOS users. In certain tiers, it has limited features.
Multi-user capabilities It does not support multi-user facilities. Up to 40 users can work simultaneously. It depends on the type of subscription you are availing. Up to 25 users can work simultaneously. It depends on the type of subscription you are availing.
Integration You can import bank transactions and balances into QBH with web connect. Easily integrate with 200+ apps like Salesforce, Shopify and Stripe. It can be easily integrated with 650 + apps like Paypal, Gusto, and Square.
Features Can track loans, investments, create customized budgets, and can manage rental rates and lease terms. Calculate and rebill job costs and also calculate customer discounts. Yes, Through over the phone, email, resource database, community forum, etc.
Payroll It is not available Available as an add-on feature. Available as an add-on feature.
Support Yes, through live chat, community forum Yes, Through over phone, email, resource database, community forum, etc. Yes, Through over the phone, email, resource database, community forum, etc.

Quicken vs QuickBooks: Pros and Cons Comparison

Above we have compared the features, cost, and subscription of QuickBooks vs Quicken. Now, let us have a quick look at the pros and cons of both applications. In order to understand both applications in a better way, we have compared the pros and cons of both applications. The below-mentioned tables will clear your remaining doubt.

Comparing the Pros of both the application

Pros QuickBooks Quicken
Designing It is designed for Small and medium Scale industries. It is designed for Personal Use
Orientation Helps in creating budgets for individuals Lacks in customer-centric features
Capabilities Have more robust invoicing It has strong investment tracking capabilities.
Centric It tracks the expenses of businesses Tracks expenses of individuals
Budgeting You can create financial reports and inventory reports of businesses. Helps in creating budgets of individuals

The below-mentioned table compares the cons of both applications.

Cons QuickBooks Quicken
Suitability Perfect for business applications Suitable for managing personal expenses.
Complexity Have more complex and advance accounting features that are perfect for businesses. Less complex and limited accounting features.
Customization Can be customized as per your needs. Lacks in the customization process.
Learning Time Newbies need time in learning the application of various functions. Much easier to learn as it has fewer functions.

Quicken vs QuickBooks for Small Business – Which One is Better

Picking the right accounting software for your business is an important thing. Since both platforms serve the same industry, it is important to know the basic difference between the two. No wonder both platforms are financial management software. However, the targeted audiences of both are different. QuickBooks is a full-fledged accounting software that serves small and medium size industries in a better way, while Quicken is perfect for personal use.

To understand both applications in a much better way, let us have a look at the various situations when you can choose the application.

Use QuickBooks when

  • You run a small or medium size business.
  • You manage bills.
  • You want to track invoices.
  • You are running a non-profit business.

Use Quicken When

  • You need to track and manage personal expenses.
  • You need budget-friendly accounting software in comparison to QuickBooks.
  • You need to track retirement assets.

Bottom Line

With its larger number of integration and deeper functionality, QuickBooks is best for small businesses, while Quicken is perfect for managing personal expenses having lesser complexity. Hopefully, this blog clears all your doubts regarding both the software. However, if you are stuck somewhere or have any doubts, then you can call our experts. They will surely clear all your doubts.

Frequently Asked Questions

1 – Can I use Quicken to manage the finances of small businesses?

A- You can use Quicken to manage the finances of a small business; however, the application is perfect for managing and tracking personal expenses.

2 – Can I convert from QuickBooks to Quicken?

A – yes, it is possible to convert from QuickBooks to Quicken. However, the conversion process is a difficult one as the format of both applications is different.

3 – Can I get support for both QuickBooks and Quicken?

A – Yes, if you are still having confusion or need support for Quicken or QuickBooks, then call our experts immediately. All you need is to call at @+1855-603-0490 or email your problem to info@quickbooksupportnet.com.

4 – Is it difficult to learn QuickBooks?

A – For a newbie, QuickBooks can be a little difficult. However, the application has an extremely user-friendly and easy-to-use interface.

QuickBooks is the most powerful accounting software that eases the accounting work. The software is used by SMEs to streamline and manage their business accounting tasks, including payroll. However, in order to use the insightful application, you need to create and set up QuickBooks bank feeds. QuickBooks bank feed setup is an easy process, and you can set up your bank account with QuickBooks Desktop, online, or Mac. Setting up a bank account with QuickBooks has numerous advantages. However, before knowing the setting up process, let us understand what bank feeds are and why they are important.

Role of Bank Accounts in QuickBooks

Bank Feeds are the ultimate features that automatically send your transaction details to your accounting application. Intuit understands this and has developed a powerful tool known as QuickBooks bank feeds to import your bank transactions. With the help of this tool, you can connect easily with your bank and can download your transactions easily. QuickBooks allows you to set up a bank or credit account in a single or multi-mode user.

Setting up the bank feeds is important as it helps you with the following:

  • It controls your finances.
  • It helps in making taxes easier and in less time.
  • It saves your time by eliminating the manual data entry process.
  • It helps in the bank reconciliation process.

Required Things In set up QuickBooks bank feeds

The bank feeds provide you with the transactions directly and saves you precious time. It simply means that you can focus on the growth of your business rather than managing your transactions. However, before getting started, you need to fulfill the below-mentioned things:

  • A stable and high-speed internet.
  • A bank account that supports the QuickBooks

The ultimate process to set up QuickBooks bank feeds

Setting up the bank feeds in QuickBooks is an easy process. If you are looking for how to set up bank feeds in QuickBooks desktop, then you are at the right place. However, before starting the process, make sure that you are using the latest version of the application.

QuickBooks offers two connection methods, namely, direct connection and web connection method. You can set up your account by either method, whichever is available at your bank.

Direct Connection

With the direct connection, you can send the information directly to the bank. Though, you need a PIN and a password to establish a direct connection. Once the connection is established, you can easily download the invoices and statements in a much more secure way.

Several steps are included in the setup bank feeds in the QuickBooks desktop process. You must follow each step in the same sequence for a hassle-free process. The steps for the setting up process are as follows:

Step 1: Enable bank Feeds in QuickBooks

The steps to accomplish this task are depicted below.

  • The first step is to open your QuickBooks online and log into your account by using your username and password.
  • After that, tap on the banking option and then select the bank feed option.
  • Moving further, you need to choose setting up a bank feed for an account option.
  • Write down your bank name in the name field and choose your bank from the financial institution list.
  • In case you are enrolling for the first time, then you need to fulfill the enrollment process and click on continue once the process is finished.
Step 2: Connect to Your Bank

The steps involved in connecting to your bank account are as follows:

  • Now log into your online banking by using your Id and password. If needed, provide the bank account number and other essential details.
Step 3: Select The Account

The steps are as follows:

  • In order to connect your bank server with QuickBooks, you need to select your account and click on the connect button.
  • A connection page will appear. Here, select the bank that needs to be connected.
  • Complete the on-screen instructions to complete the connection task.
  • Finally, tap on the finish button once the connection got established.
Step 4: Set Up Automatic Downloads

Once you have selected and established the connection, you can set up automatic updates feature. This feature allows QuickBooks to automatically download bank transactions. You can download the transactions daily, monthly, or weekly, depending on your needs.

Step 5: Review and categorize the Transactions

Once all the transactions are downloaded, you can review and categorize them. You can perform this action in the review tab. This step helps you in keeping track of your income and expenses.

Step 6: Match the Transactions

You can match the transactions once you have downloaded and reviewed them. This step ensures the accuracy of the transactions and informs you that all your transactions are up to date.

Step 7: Set the Rules

In this step, set the rules for your bank feeds. The transactions will be automatically downloaded, reviewed, and matched according to your set rules. In case an error occurs, you can troubleshoot it.

Web Connection: set up QuickBooks bank feeds

You can set up QuickBooks bank feeds via the web connection method, also. The web connection method is performed with the help of.QBO files. These files are available from your bank website and help in getting the transactions from your bank via online mediums.

The below-mentioned steps will help you establish a connection through the web.

  • Use your credentials to log into your account.
  • After that, select the banking option and then choose the bank feeds.
  • Moving ahead, choose the import web connection files option.
  • Make sure you select the.QBO file that you saved earlier.
  • A window will appear, having two options. You need to select the one that best fits your criteria. The two options are to use a QuickBooks account if it already exists or create a new QuickBooks account.
  • After that, press the continue button to move ahead in the process.
  • A dialogue box appears having the “successfully completed” message.
  • Tap on the OK button.

Application Fees

To use this amazing facility, you need not pay any fees. There are no application fees, and it is available for free. However, you need to pay some charges based upon.

  • Bank connection charges
  • If you wish to establish a direct connection, you need to pay some charges. You need to pay connection charges to some banks. Intuit does not provide the charges limitation, so you must look out everything carefully.
  • QuickBooks Technical Consultant
  • You need to pay charges if you wish to hire an expert to establish a connection between your bank and QuickBooks.

What if You Are Unable to Connect QuickBooks to Your Bank Account?

There were instances when you failed to establish a connection between QuickBooks and your banks even after implementing the above-mentioned steps. Certain banks do not support automatic connection. So, if you face such a situation, then you can try the manual method to connect the two.

Follow the below-mentioned steps to add an account manually to QuickBooks.

  • The first step is to log into your online banking account by using your credentials.
  • After that, download the transactions in the CSV format. Make sure the date range is at least one day before the oldest transaction.
  • Also, make sure the format is correct, and the file size is less than 350 KB.
  • Now, open the QuickBooks with the help of your admin credentials.
  • After that, upload the CSV file to QuickBooks. To do so, you need to go to the bank feeds section and select the upload from file option.
  • Once the file is downloaded, you need to categorize and reconcile the bank transactions.

Final Take Away

We understand that bank feed setup QuickBooks is extremely helpful. It helps you by saving your precious time and effort. Though setting up the bank feeds in QuickBooks is an easy process; however, newbies can get stuck somewhere in the process. If you are facing any difficulty or got stuck somewhere, then connect with our experienced team members. You can call them or email your problem, and they will happily serve all your queries.

Frequently Asked Questions

1 – Does Bank feeds work for QuickBooks online?

A – yes, you can enjoy the bank feeds facility in QuickBooks online also. You need to set up the bank feeds to utilize it.

2 – Can I deactivate a bank feed for an account?

A – You can deactivate the bank feeds in QuickBooks when you do not need to import the transactions, or you want to close your bank account.

The steps for deactivating the bank feeds for Windows are:

  • Open the QuickBooks and tap on the lists.
  • After that, select the charts of accounts and right-click on the account that you want to deactivate.
  • Here, choose the edit account option and move to the bank settings tab.
  • Now, pick the deactivate all online services option and press the OK button.
  • Finally, to make the changes click on the Save button.

The steps for deactivating the QuickBooks for Mac are as follows:

  • Open the QuickBooks on Mac and pick the chart of Accounts.
  • In the account, select the pencil icon to edit and pick the online settings option.
  • Select the download transactions from the drop-down menu and choose the not enabled option.
  • Finally, tap on the OK button.

At some point of time, the organization has to deal with a situation when the customers make the purchases on credit, and you expect that it will recover. But, sometimes, due to certain reasons, the debtors fail to pay the money back, and it is recorded as a Write off Bad Debts in QuickBooks expense. However, when the organizations don’t expect their payment to be refunded, they can write off bad debt in QuickBooks and ensure they can keep their financial statements organized. 

Want to gather more details to write off bad debts in QuickBooks and need instant help? Consult with our professionals by dialing 1-855-603-0490 and obtain step-by-step instructions to do so. 

Why Writing Off BadDebt Is Important?

In an organization, the stage of bad debt arrives when an amount that was earlier in a profitable form and you were expecting that you would receive that money fails to recover. However, for the companies that are previously using QuickBooks Desktop, bad debt could be termed as invoices, which eventually turn into an uncollectible with time. 

However, writing off the bad debt in QuickBooks ensures that your accounts receivable and net income remain up to date. Furthermore, read the entire post to get more details to write off bad debt in QuickBooks Desktop and Online.

What Can I Do to Write Off BadDebt in QuickBooks Online?

The users might find the process of writing off bad debt in QuickBooks Online difficult until they don’t know the proper stepwise instructions for the same. So, to help you out with it, you must follow the following instructions to get the desired outcomes. 

Stage 1: Review Your Previously Due Account Receivables 

  • To begin the process, move to the Reports section at the left side panel within your QuickBooks account. 
  • Afterwards, you are supposed to locate and launch the Accounts Receivable Aging Detail report on your device. 
  • Now, have a look at the reports to find out which are the accounts receivable that are still pending and need to be written off. 

Stage 2: Establish a Baddebt Expense Account 

If they don’t already have one, the users need to construct a bad-debt expense account in QuickBooks. For this, have a look at the step-by-step instructions below. 

  • The users must launch their QuickBooks Online application and then go to Settings, followed by Charts of Accounts
  • Afterwards, from the upper right corner, you must choose New to construct a new account
  • In the next step, pick the Expenses option by clicking the Account Type drop-down menu. 
  • Proceeding further, click the Bad Debts option from the Details Type drop-down menu list. 
  • Now, in the column representing the Name Field, you must add “Bad Debts.” 
  • Once you are all done, hit the Save and Close button. 

Stage 3: Construct A Bad Debt Item 

  • Firstly, browse the Settings menu and opt for the Products & Services option. 
  • Now, look at the upper right, and from there, choose New and then tap the Non-Inventory option.
  • Thereon, within the column of Name-Field, you must include “Bad Debts” and then choose the Baddebts option by clicking the Income account drop-down menu. 
  • End the process by hitting the Save and Close button. 

Fourth Stage:- Preparation of a Credit Memo For the Bad Debt

  • In the initial stage, click on + New option followed by Credit Memo
  • After this, pick the customer by tapping on the Customer drop-down menu. 
  • Go to the Product/Service section and opt for Bad Debts
  • Include the amount that you wish to write-off within the Amount column.
  • Thereon, you must include “Bad Debt” within the box that represents “Message displayed on the statement”.
  • Finally, you must hit the highlighted Save and Close button.

Fifth Stage:- Execution of the Credit Memo To the Invoice

  • To start the process, you first have to tap on the + New icon.
  • Afterwards, you must opt for the Receive Payment option below the  Receive Payment option
  • Thereon, you must pick the correct customer by hitting the Customer drop-down menu
  • Next, you must select the invoice by clicking the Outstanding Transactions option. 
  • In the next step, pick the Credit memo from the Credits section.
  • Finally, choose the Save and Close option. This will display the uncollectible receivable on the P& L statement beneath the Baddebts Expense account. 

Sixth Stage: – Run Your Bad Debt Report

The users can run the Account Quick Report to verify that all the receivables you mentioned are labeled as Bad Debt. To do the same, you must use the steps instructed below.

  1. Firstly, move to the Settings option and hit the highlighted Charts of Accounts option.
  2. Afterwards, within the Action column of the bad debts account, you must pick the Run Report option. 
  3. Thereon, move to Sales and browse your cursor over the Customers option. 
  4. You are supposed to pick the customer’s name and click Edit from the upper-right corner.
  5. Within the Display Name as field, add Bad Debt or No Credit after the customer name
  6. End the process by hitting the Save option. 

What should be done to Write Off Bad Debt in QuickBooks Desktop?

Do you need proper instructions on how to write off bad debt in QuickBooks Desktop? If so, you don’t need to look anywhere else. Instead, follow the procedure below to accomplish the task. 

Level 1:- Include an Expense Account to Monitor the Baddebt

To keep an eye on the bad debt in QuickBooks, you are supposed to add an expense account using the steps below.

  • In the beginning, move to the Lists menu and opt for the Charts of Accounts option. 
  • Afterwards, choose the Account menu and pick the New option
  • Soon after this,  hover your cursor over the Expense option followed by the Continue button. 
  • Now, you have to include an Account Name and proceed further. 
  • Conclude the entire procedure by hitting the Save and Close option. 

Level 2:- Exit From the Unpaid Invoices

You must perform the following instructions to close out the unpaid invoices.

  • Firstly, move to the Customers menu and then hover your cursor over the Receive Payments option
  • You are supposed to include the customer’s name within the Receive From field. 
  • After that, add $0.00 to the Payment amount and pick the Discounts and Credits option.
  • Include the amount you wish to write-off within the Amount of Discount Field. 
  • Thereon, you must pick your account in Level 1 and hit the Done option.
  • Finally, you must opt for the Save and Close option. 
To Summarize The Above!!

We hope that you can now easily write off bad debts in QuickBooks Desktop & Online and keep your accounts updated. However, if you encounter any difficulty while performing the above steps, you can seek help from our professionals right away. They will provide you with the best tips to resolve the issue instantly. 

FAQ's

Ans.  You must carry on with the following steps to write off overpayments in QuickBooks Desktop.

  • Initially, select the Create Invoices option from the customer’s menu. 
  • After this, you must pick the Customer Name from the Customer Section. 
  • Within the Item Field, choose the minor charge-off and include the overpayment amount within it.
  • At last, to apply the changes, click on the Apply Credits option. 

Ans. The bad debt expense is mentioned in the selling, general, and administrative section of the income statement.

Ans. For instance, if you have recovered a bad debt that was already written off, then you can reinstate it in QuickBooks. To do so, reverse the original write-off entry and then record the recovered amount as a payment or credit against the customer’s amount. 

Ans. If you are facing issues while writing off bad debts in QuickBooks by following the steps mentioned in the blog, then connect with our professionals for quick resolution. 

Ans. No, the cash-basis taxpayers are not allowed to write off bad debt for the uncollectible amount. 

Being a business owner isn’t an easy job, as you have to take care of all the business segments like sales, marketing, and finance. However, to run the business smoothly, keeping track of the business finances is very important. Considering this, it is crucial to have the topmost accounting solution to meet your accounting needs. Undoubtedly, both Wave Vs QuickBooks are flawless accounting software that reduces the stress of handling business accounting tasks alone.

Furthermore, if you are still confused about what to choose, “Wave Vs QuickBooks”, then study this post attentively. By reading this entire blog, you will get to know the feature and functions of both software, which will help make the right decision for your business.

A Brief Introduction About Wave Accounting Software

Wave is rated as the top-notch accounting software mainly used by small businesses and small proprietors. Moreover, this software also enables you to combine Credit Card Processing and Payroll Services for a cost. In addition to this, it allows you to keep track of the accounts, manage invoices and bills.

Wave Vs QuickBooks

Enhanced and Updated Features of the Wave Application

If you wish to grab more details regarding the benefits of the Wave application, you must go through the following pointers.

  1. The wave application allows users to apply for insurance.
  2. Now, the payroll managers can utilize the Payroll Tab and accurately handle all payroll-related tasks without further delays.
  3. Moreover, the users can also invite another user regarding some specific performance of your business and software.
  4. Apart from this, the users may also use the feature of inbuilt integration with Google Sheets and PayPal.
  5. Above all, the Wave application is easy to use and creates settings.

A Quick Glance At the Explanation of the QuickBooks Software

QuickBooks is another world-class accounting software that helps businesses with inventory management, payroll, bookkeeping, and other financial processes. Moreover, this accounting software is mainly designed for small, medium, and large-scale businesses. Apart from this, it also provides several top-notch features that make it extraordinary accounting software.

Improved and Enhanced Features of the QuickBooks Application

Here, we have described all the latest and improved features of using the QuickBooks Desktop application. Go through them attentively.

  1. The users can utilize the latest Cash Flow Hub feature to verify and handle the cash flow in the business or industry.
  2. You can easily keep track of the vehicle’s mileage by utilizing the QuickBooks Desktop Plus, and Enterprise.
  3. Moreover, QuickBooks has a user-friendly interface that makes it easier for users to run the accounting application.
  4. Above all of this, QuickBooks helps users in the bank reconciliation process so that you can easily spot discrepancies between the bank and your QuickBooks account.

Comparison of Wave Vs QuickBooks Accounting

Now that you have gone through both QuickBooks Vs Wave Accounting software but are still confused about which one is better. So, to make your doubt clear, we have discussed the similarities between both accounting solutions. Thus, it will offer you a clear vision of the two software and help you make the appropriate decision.

Basis QuickBooks Wave Accounting
1. Feature QuickBooks is the world’s topmost accounting software that helps streamline business accounting tasks. Wave is the widely used accounting solution that enables small businesses and freelancers to handle double-entry accounting.
2. Integrations You can combine the QuickBooks application with more than 750 applications. On the contrary, Wave accounting users can combine with the in-house applications, including Wave Payments and Wave Payroll.
3. Feature The plans of the QuickBooks application start at $30 monthly. The Wave Accounting application is a free-of-cost software.
4. Customer Support QuickBooks provides its users with a 24*7 customer support facility. On the other hand, the support for non-paying users is only restricted to Chatbox and Self-Service Help Center.
5. Ease of sharing with Accountants With the QuickBooks application, you can do audit trials, and it also offers accountant access. The main advantage of the Wave application is that it offers easy accountant access but no audit trial.
6. Best For QuickBooks application is designed to cover more complex business requirements and is best for small, medium, and large-scale businesses. Wave application has an easy-to-use interface, and it is mainly designed for freelancers and small-scale businesses.
7. Print Checks QuickBooks users can create and print checks. On the other hand, the Wave application won’t provide the option to print checks.
8. Number Of Users Access With one QuickBooks subscription, up to 25 users can access the accounting software. No restriction exists on the number of users utilizing the Wave application. In short, unlimited users can access this software with one single subscription.
9. Manage Inventory QuickBooks provides its users with an inventory management feature. Wave application won’t provide the inventory management feature.

How To Make the Decision Between Wave Accounting Vs QuickBooks?

Are you still facing challenges while making a decision between Wave Accounting Vs QuickBooks? If that’s so, then we have a solution for your problem. Here, we have discussed all the instances when you must go with the Wave and QuickBooks applications. Thus, it will help you in improving your decision and help you in getting the right fit for your business.

When You Must Go For Wave Application?

Both QuickBooks Vs Wave has different functions and features, which makes them the best accounting solution. However, to give you more clarity on why you should go for the Wave application, we have highlighted some of the instances below; check them out.

  1. The Wave applications comprise Optical Character Recognition and endless Cloud Storage feature for receipts. With the help of both of these features, you can scan the receipt conveniently.
  2. If you are a freelancer, consultant, designer, writer, or small agency then Wave is the appropriate fit. This is so because this accounting solution offers user-friendly features which make it easy to use the software without much technical knowledge.
  3. Moreover, the best part to choose the Wave application is that it is easy to set up and doesn’t require much technical experience.
  4. Last but not least, Wave is a free accounting software so you don’t have to spend a lot of money in getting the best fit for your business.

Why You Must Pick The QuickBooks Desktop Application?

Below, we have discussed the instances when you can utilize the QuickBooks application.

  1. For instance, if you wish to get a complete package of Basic to Advanced-Level Accounting features with payment plans, then QuickBooks is the one you must go with.
  2. The Wave accounting software can’t fulfill all the complex business requirements whether for bookkeeping, inventory management, payroll features, Vehicle Mileage, etc.
  3. QuickBooks is the topmost accounting software for large-scale businesses.
  4. If you are looking to expand your business, then picking QuickBooks isn’t a bad option.
  5. Moreover, it also offers various enhanced and top-notch accounting features which are not provided by the Wave application.

Final Thoughts!!

With this post’s help, we hope that now you are capable enough to make the decision between Wave Vs QuickBooks. Thus, we hope it eases you in taking the best decision which will be helpful for the growth of your business. However, if still you are encountering any difficulties while picking the best fit for your company out of these two, feel free to take suggestions from our professionals. You can consult with our experts anytime via live chat or email support facility.

Frequently Asked Questions:-

Q1. Can I integrate the Wave application with QuickBooks?

Ans. Yes, using the Zapier which is an e-commerce integration feature you can send any information from QuickBooks to the Wave application.

Q2. Is the Wave application appropriate software for the payroll?

Ans. There is no doubt that Wave is the best payroll solution that offers time tracking, and payroll processing for both employees and contractors. But, it won’t automate payroll or gives the mailing facility for paychecks. In that scenario, QuickBooks is an outstanding application for managing payroll.

Q3. What features must I search for in the accounting software?

Ans. If you are searching for the best accounting software, then you must consider the following points.

  1. Check that the software is best for handling accounts payable, banking, cash management, cost tracking, inventory management, etc tasks.
  2. Moreover, you must also verify whether the software consists of a mobile application.
  3. Also, you must look that you are getting customer service.

Q4. Can we rely on accounting software for safety and security?

Ans. Nowadays, accounting software offers high-end security features including data encryption, secure credential tokenization, multi-factor authentication, etc. So, it keeps your data safe and secure as it offers limited access to the users.

Q5. Can I export Wave Accounting to QuickBooks?

Ans. No, you can’t connect directly with the QuickBooks application. For exporting the Wave to QuickBooks, export transaction details, customer reports, etc in ZIP file to CSV or Excel files and then export it to QuickBooks.

Are you confused while picking the right accounting software for your business? In that scenario, you mustn’t think anymore and read this entire blog to get a clear vision of both Xero VS QuickBooks Online applications. Both accounting software is utilized by businesses to streamline complex accounting tasks. But, both of them have some different features and functions, which makes them different from each other. So, it is beneficial to know about both the accounting software and then make the decision keeping your business requirement and budget in your mind.

A Quick Overview of the Xero Accounting Software

Xero is a top-rated accounting solution mainly designed for accountants and bookkeepers. Moreover, it is an incredible, user-friendly software that is designed to fulfill the company’s accounting needs. In addition to this, using this accounting solution, you can take the estimate of each project’s cost in real-time and then match it to your estimated profits.

Moreover, this accounting software comes along with the various top-notch set of Accounting Tools and features that can enhance your accounting experience. Features that are included with this accounting solution are as follows:

  1. Bank Reconciliation
  2. Inventory Management and Tracking
  3. Using the Payment Processor Integrations, you can accept Online Payments
  4. Gusto’s Payroll Partnership
  5. Asset Management For Fixed Assets
  6. Multiple Users Can Access it
  7. Contacts, Smart Lists, and File Storage are also available
  8. You can utilize the Mobile Application absolutely free of cost
  9. More than 700 Third-Party Integration Options
  10. Quotes, Invoices, and Bills
  11. Management of Sales Tax
  12. Moreover, you can also get a 24/7 Online Customer Support Facility.

A Brief Explanation of QuickBooks Online Application

QuickBooks Online is a cloud-based accounting software that helps small and medium-sized businesses to accomplish their accounting tasks. Moreover, it helps business owners to handle accounting, accept online payments, manage and pay bills, etc.

Apart from these, QuickBooks Online is a complete accounting package offering various top-notch features and functions to simplify your accounting process. Here, we have listed some of the features of the QuickBooks accounting software; check them out.

  1. Inventory Management, using which you can keep track of inventory and how much stock you must refill again.
  2. Estimates and Invoicing.
  3. Connection and Reconciliation of the Bank Accounts.
  4. You can use the Mobile Application for free of cost.
  5. Moreover, it also offers a Bank Feeds option using which you can deposit the paycheck directly into the employee’s bank account.
  6. Integration with Third-Party Platforms and Other QuickBooks Applications.
  7. Cash Flow Management
  8. Capture and Organize receipts
  9. Also, you can get Insights about the Business regarding how the business is running.

Difference Between Xero Vs QuickBooks Online

If you are still confused about Xero Vs QuickBooks Online, which accounting software must you use? Then, don’t think anymore. Instead, look at the difference given below, which will help you make a better decision.

Basis Xero QuickBooks Online
Feature Xero is an accounting software mainly used for inventory, expense, project, and bill payment management. Moreover, it also comprises a mobile application and is supported by unlimited users. QuickBooks Online is a cloud-based accounting software that can be used remotely, sitting anywhere with a stable internet connection. Moreover, it includes extensive reporting functions and has multi-user access plans that up to 25 users can use.
Best For:- This accounting solution is suitable for sole proprietors. On the other hand, this accounting software is best for small-scale medium-sized, and large businesses.
Integrations:- You can integrate the Xero application with more than 1000 applications. The users can combine the QuickBooks Online application with more than 750 applications. Moreover, you may also combine with the in-house bookkeeping and add-ons.
Customer Support:- No Live chat facility is available for Xero users. You can grab the customer support facility 24/7 with all the QuickBooks Online plans.
Cost The best part about this accounting solution is that its plans are affordable, starting at $13 per month. The users won’t get free access to this accounting software. The plans start at $30 per month.
Ease of sharing with Accountants With the Xero accounting software, you can get audit trials and easy accountant access. On the other hand, QuickBooks Online also consists of audit trials and easy accountant access.
Scalability Xero accounting software best supports small businesses having several employees. Moreover, all of the three plans comprise an unlimited number of users. QBO users can also use the mobile application to use this software on both iOS and Android devices.
Inventory Management The users can access the inventory management feature with every plan of Xero software. Whereas QuickBooks Online users having high-tier plans can only use the inventory management feature.
Multi-Currency Support You can get Multi-Currency Support only with the highest pricing plans. The users with the cheapest plan can also access the Multi-Currency Support facility.
Mobile Application You can utilize the mobile application on both iOS and Android devices. The QBO users can also use the mobile application to use this software on both iOS and Android devices.

How Do Organizations Choose Between Xero Vs QuickBooks?

After knowing the major differences between Xero Vs QuickBooks, if you are still confused about what to use for your business, well, don’t worry. Here, we have discussed both the instances when to use QuickBooks Online and Xero, which will provide the user with a clear vision for choosing the appropriate fit. 

xero vs quickbooks

Scenarios When You Can Use Xero

Here, we have listed the instances when you can use Xero so that you can identify which one is best for you.

1-You require Advanced Reporting:-QuickBooks Online has an excellent reporting feature, especially if you can afford the Pro plan for $70 monthly. Moreover, this plan includes enhanced reports and project profitability feature to enhance your accounting experience

2-You Wish to Create Invoices:-You can create and send invoices to your clients, vendors, and customers using the QuickBooks Online application.

3-Your Business is In US:-If you are working in the US, then QuickBooks Online is the best software you must opt for to meet your day-to-day business requirements. In comparison to Xero, QuickBooks is the most preferred accounting software for many accountants. This is so because the QBO software is the top-leading application in the market and there are fewer chances of accountants to compliant for this application.

4-You are a small, medium, and large scale business:-QuickBooks Online is the widely used software that is mainly preferred by small, medium, and large scale businesses.

Instances When You Can Use Xero

Go through the pointers below to know about the fact what is the best time to use the Xero application.

1. You are Running a Startup Business:-

All of you are very well aware of the fact that Xero is the best accounting solution that excels in both functionality and user experience. However, if you start operating Xero while running a startup business, this software will provide you with complete support as the company grows. Moreover, the best part is that it includes the best features for processing payments and invoices, time tracking, and expenses.

2. You Want Unlimited Users Access to Use Xero:-

For instance, if you want multiple users to get access to the accounting software, Xero then it is best you must go for this software. In addition to this, this software provides unlimited access to the accounting application.

3. You are Staying Outside of North America:-

Xero is an outstanding accounting software that is used by accountants staying outside North America, especially in New Zealand and Europe. So, it has been advised that the businesses must go with Xero if living outside North America.

Summing It Up!!

Well, both Xero and QuickBooks Online software is well-equipped in streamlining business accounting tasks. As per your business requirement and preferences, you have to choose between QuickBooks Online Vs Xero which one is suitable for your company. However, if you are facing any further issues, consult with our professionals available round the clock through live chat or through email support facility for a quick resolution to your query. Henceforth, our experts will guide you with some useful tips that will help you make the best choice for your business asap without any further delays.

Frequently Asked Questions:- (FAQ’s)

Q1. Which accounting software is preferred for sole proprietors and freelancers?

Ans. Xero is the best accounting solution suitable for freelancers and sole proprietors. In short, this software is also best for startup companies as it is user-friendly and provides unlimited user access. Moreover, it is also budget-friendly software, so you won’t have to pay much charges for this software.

Q2. How does the Xero application differ from the QuickBooks Online application?

Ans. QuickBooks Online is a cloud-based application that is preferred mainly by small, medium, and large-scale businesses. On the other hand, Xero is mainly preferred by small-scale businesses and sole proprietors.

Q3. What makes the Xero application better than QuickBooks?

Ans. Xero is known to be the best accounting solution which makes it easier to keep track of expenses and manage bills in one place. Moreover, you may also see financial trends and plan for cash flow accordingly.

Q4. What is the significance of using the QuickBooks Online application?

Ans. The benefits of accessing the QuickBooks Online application is as follows;

  1. Easy synchronization of the application with nightly automatic downloads.
  2. It is a cloud-based application that you can use with internet access anywhere in the world.
  3. Robust Assistance Center can be used with the online chat facility.

Q5. What must you keep in mind before choosing the appropriate accounting software?

Ans. To pick the right accounting software for your business accounting task, remember the following things.

  1. Firstly, verify the features of both Xero and QuickBooks software to determine which one fits best for your company.
  2. After that, see the pricing plans and check if they fit your budget.
  3. Don’t forget to look at whether the software provides a customer support facility.
  4. Moreover, you also check which country you want to use the application.

Maintaining seamless cash flow management while running a business is not about a five-finger exercise. It’s tough and challenging for business professionals to keep a continuous watch on cash-flow statements, income statements, and other financial activities. That’s why business people have started associating with the General ledger report QuickBooks. Curious to know what it’s all about? Continue reading..!

General Ledger Report In QuickBooks: What’s All About?

The General ledger QuickBooks reports is nothing but a primary QuickBooks accounting record. It helps in one’s business by focusing on unseen dispensaries, resulting in an unbalanced account balance sheet. With this accounting record, business managers or financiers can easily maintain the business cash flow by managing all the transactions from all the accounts of a particular time period.

The QuickBooks application automatically creates the transactions mapped to the ledger accounts. And the financial statements using these ledger account statements help business people in watching their business performance and financial growth.

Also, managing transactions and cash-flow management using the General ledger detail report QuickBooks helps professionals with accurate records, clarified reports, and better financial understanding.

How to Run a General Ledger Report in QuickBooks Desktop?

Continue reading to learn how to run a general ledger report in QuickBooks Desktop software. But first, look at the basics of the QuickBooks General Ledger.

Payroll –The payroll accounting system manages the employee’s payments, salaries, and other financial operations. The payroll records are also associated with the QuickBooks general ledger report with detailed information about all the employee checks and payroll taxes.
Accounts Receivable-The finance of any business will be balanced if everything is entered correctly in the general ledger report, including the unpaid bills from clients and daily records of your company’s sales and revenues.
Accounts Payable-The unpaid bills of your company’s purchases must be tallied in the general ledger reports of QuickBooks to maintain the cash flow smoothly

Read Also :- QuickBooks Portable File: How To Create, Restore & Use

Generate QuickBooks General Ledger Report

  1. Start this quick procedure by first logging into your QuickBooks account and moving to the Menu.
  2. In this Menu, move to the left navigation panel and select the Reports tab.
  3. From here, you are required to click All alternative and navigate to the bottom of your computer screen.
  4. Here, you will see the For My Accountant option that you need to click and move to the sixth option from the top to choose the General Ledger option.
  5. After this, select the transaction date range based on choosing between Cash or Accrual.
  6. Finally, click the Run Report alternative and start generating the general ledger report in QuickBooks Desktop.

Steps to Create a New General Ledger Report In QuickBooks Account

General Ledger Report QuickBooks

The procedure is simple and quick for creating a new general ledger report in QuickBooks account. Navigate with the directions given below:

  1. To initiate creating the new account for general ledger QuickBooks, you need first to open your QuickBooks online application.
  2. After this, move to the Accounting tab, and click the Chart of Accounts option to choose the Next option further.
  3. Now, from the drop-down Menu, hit the Account type and continue to choose the Account option.
  4. Along with this, select the Detail Type and continue to enter your Beginning Balance by selecting the Save & Close buttons.

Printing Procedure of QuickBooks General Ledger Report

The printing procedure of QuickBooks general ledger report is also an easy task if you follow the given steps carefully.

  1. Select the Print Reports option by launching your QuickBooks Online application.
  2. In the next step, hit the Transactions Reports alternative to continue selecting the General Ledger tab.
  3. After this, just enter the month and year by leaving the other spaces blank only.
  4. Now, preview the report and click the Print or Begin Printing option.

How Beneficial Is General Ledger Report In QuickBooks?

Unquestionably, the general ledger report QuickBooks is one of the most essential accounts in the QuickBooks accounting software. The following benefits will tell you more about how useful this general ledger report account is.

Seamless Financial Statements Preparation

Creating Financial statements and balance sheets is quite challenging if we think of it without a general ledger report in QuickBooks. It guarantees the data accuracy of your transactions and other financial activities in the QuickBooks ledger account.

With this general ledger detailed report, you can prepare the trial balance where the accurate amounts will display. The income and the balance sheets are the two essential sheets of the financial statement, and in this way, the trial balance helps you prepare a seamless financial statement.

Conduct Internal Audit Easily

Indeed! Conducting internal audits is an essential duty to run a particular business successfully. It not only helps business professionals with better finance understanding but also lets them know the growth status of their company.

However, while conducting an audit, the financial records must be accurate, and that’s how the general ledger report in QuickBooks helps business people. The accurate transaction records in the general ledger reports offer in-depth details of all your accounts and avoid issues related to misstatements.

Tax Filing With No Stress

Tax filing is a stressful duty, and business professionals are stressed out even more without a proper financial management system. But, with the detailed and accurate general ledger detail report QuickBooks, the job is no more tough. While submitting the tax, you require accurate data on invoices and bank statements, and the hunt for these documents is another challenging task.

However, preparing a detailed general ledger report with all such required data and records will be much easier for tax filing and returns.

Better Business Understanding

When you record your business financial transactions separately under various accounts with QuickBooks general ledger report, it results in a better understanding of your business financial management. With this detailed report, you can also differentiate the data based on your debtors, creditors, revenues, sales, and expenses.

Also, when you focus particularly on different accounts and their data, you can easily balance and manage both the debit and credit sides of all your accounts without any accuracy issues.

Easy Detection of Unusual Transactions

You never know when any unusual transaction will happen and starts bothering you. Well, unusual transactions happen a lot of time throughout the accounting period of any business. But isn’t it tough to keep a continuous watch on such transactions? It is.

That’s why you need to categorize the transactions using the general ledger report QuickBooks and identify the unwanted plus unusual transactions. As a business professional, you must keep a check on such transactions as it may lead to a worsening situation.

Read Also:- FreshBooks Vs. QuickBooks: Which One is Better For Your Business

Different Types of General Ledger Report In QuickBooks Accounts

You can find three types of general ledger report QuickBooks accounts in the QuickBooks software as mentioned below:

Liabilities Account

It’s essential to keep a check on the amounts you owe to outsiders or individuals from your company only. The liabilities of QuickBooks general ledger accounts can also be categorized in terms of current and non-current categories. You can find the liabilities details on the right side of your balance sheet.

Asset General Ledger Account

The assets of your business are the resources generated by your company. These assets help business professionals generate a smooth cash flow and further convert into cash equivalents. All the data and categories related to your business assets, including current and fixed, are listed on the left side of your balance sheet.

Shareholders Equity

The shareholder’s equity is the asset that is present even after all your business debts and liabilities are settled. The shareholder’s equity includes treasury stocks and share capital retained earnings.

Make the Best Use of General Ledger Report In QuickBooks..!

In this whole discussion, you have learned about how useful the general ledger report in QuickBooks is and helps business people in tracking their business’s financial status. So, let this report QuickBooks general ledger account help your business and bring the most productivity. If you need further information about this excellent QuickBooks feature, consult our professionals via Live Chat Support.

Frequently Asked Questions (FAQs)

Question 1 – How General QuickBooks ledger reports are helpful?

The following are the notable perks of the general QuickBooks ledger reports:

  1. Financial statement preparation
  2. Detection of unusual or unauthorized transactions
  3. Evaluation of your business’s financial growth

Question 2 – What does the general ledger detailed report mean?

The general ledger QuickBooks detailed report is all about the details of beginning balance, ending balance, and transactions of your business. The report helps business professionals, and financers keep a smooth watch on all the transactions taking place during the business’s accounting.

Question 3 – How can I search for transaction details in QuickBooks?

Follow the given steps and find your transaction details:

  1. First of all, hit the Reports button from the left Menu of your QuickBooks software
  2. Now, in this step, you are required to enter Transaction Detail by Accountant in the search space.
  3. Here, you will find a report opened on your screen where you need to click the Customize button.
  4. After this, click the Filter section to select your transaction accounts and continue refreshing the page.
  5. Finally, click the Run Report option once you find the required transaction details.

In the busy business industry, QuickBooks portable file acts as a backbone for business professionals to save and transfer their essential company data from one computer/device to another. The QuickBooks portable company data file feature also helps professionals in many other ways. So, if you are eager to learn how to create, restore, and use this file, continue reading this blog till the end.

Are you looking for professionals to help in creating the portable company file of QuickBooks? If yes, ring our experts at our helpline number @+1(855)-603-0490 and get professional assistance. 

QuickBooks Portable File: Quick Description!

There is nothing new about QuickBooks Portable Files, but it’s a copy or replica of business accounting or financial data in a portable or compact form. Users send such type of data via email or any flash and USB or external drive. You mainly find this file in QuickBooks with an extension as .qbm, and these files don’t include any sort of logo, picture, or name.

Another point to remember about these portable files is that these files are not associated with any Transaction log file with the .tlg extension. The QuickBooks portable company file feature helps QuickBooks users fix their general company data issues while restoring lost data. Sounds quite beneficial, right? Continue reading and learn how to create this file for your business data support.

How to Create a Portable File in QuickBooks Desktop Application? 

Before you head to learn how to create a portable file in the QuickBooks Desktop application, take a look at the following points to remember. These tips will help you create the file hassle-freely.

  • Update the current version of your QuickBooks Desktop application to the latest releases to avoid further interruptions.
  • When you’re sending the company file to the accountant, you need to ensure that you are using the accountant’s copy.
  • While creating and restoring the portable copy of the financial data file, you are required to use the admin credentials to login into the QB accounts for all its versions.
  • Once you have shared the copy of the QuickBooks portable file, remember the other users will automatically get access to the file for adding, editing, and changing the administrator password.
  • Never overwrite the original file of your financial data while restoring your QuickBooks portable data file.
  • Before restoring the portable company data file in QuickBooks, rename the original data file.
  • Start creating the portable file in QuickBooks with a stable and strong internet connection.

Quick Steps to Create a QuickBooks Portable File

Once you have prepared with all the tips mentioned above, follow the directions and create the file.

QuickBooks portable file
  1. Begin this procedure by first navigating to the File menu, followed by selecting the Create Copy button.
  2. In the second step, select the QuickBooks portable files and continue to click the Next option.
  3. Here, you are required to search for the location from where you need to keep your company’s portable file.
  4. After this, hit the Save button and continue to click the OK button.

What Should I Do to Restore QuickBooks Portable Company File?

With the help of a CD, Hard drive, network folder, or flash drive, you can restore the QuickBooks portable company file in QuickBooks. Continue proceeding with the given directions and restore your required file.

  1. Initiate this procedure by first navigating to the File menu and choosing the option for Open or Restore Company.
  2. In the next step, hit Restore a backup copy alternative and continue to select the Next issue.
  3. Now, you must hit the Local Backup option and click the Next Alternative.
  4. Here, you will find a drop-down menu to choose the location of the QuickBooks company data backup file that you wish to click the Save button.
  5. Followed by this, choose the backup file from the file folder followed by naming this folder.
  6. After this, click the Open button and continue to hit the Next option, and you will notice an option of Save-in-drop-down on your screen.
  7. Continue to this and save your QuickBooks restored file by noticing an automatic option of Save a type field for QuickBooks files.
  8. In this step, hit the Save button by carefully reading and following all the instructions that appear on your screen to begin the restoration process.

Fail to Create a Portable File in QuickBooks? Solve Now!

If you are failing while creating or restoring a portable file in QuickBooks, check out these solutions given below and solve such disturbing issues:

01 Solution- By Trying Working on Sample File

  • First, you are required to select the open a sample file option and continue to hit the No Company Open tab.
  • Now, create the QuickBooks portable company file using the company file and keep the same on the Desktop.
  • After this, from the File menu, you are required to hit the Close Company/Logoff option.
  • In this step, try to restore the portable QuickBooks company file copy of the sample data file that you have just now saved on your Computer’s Desktop.

02 Solution- Fix Issues with Your QuickBooks Desktop on Windows 10, 8, and 7

  1. To initiate this procedure, first, you have to restart your computer device and continue to shut down all the applications and programs running in the background.
  2. In the next step, you need to create a company data backup file of your essential QuickBooks company files.
  3. After this, hit the Start or Windows option, followed by hitting the Control Panel and selecting the Programs and Features option.
  4. Now, in case you want, hit the Uninstall a Program option and choose the QuickBooks application from the appeared list of programs and applications.
  5. Hit the Uninstall/Change button to select the Continue option further, followed by hitting the Next alternative.
  6. Once done with this, choose the Repair option, then Next, and finally, hit the Finish tab to end the procedure completely. Try the next solution strategy if you still fail to create and restore the portable file in QuickBooks.

03 Solution- Start Copying the QuickBooks Company File on your Desktop

  1. For this procedure, you are first required to hit the open the folder option to access the folder where you have saved company files.
  2. Right-click the file/ files you need to copy and select the Copy option.
  3. When you’re creating the QuickBooks portable files, you are required to copy the .qbw extension file/files.
  4. If you are restoring the QuickBooks portable company file/files, you have to copy the .qbm extension file/files.
  5. After this, right-click at any open space on your desktop screen and select the Paste option by simultaneously pressing and holding the CTRL button on your keyboard.
  6. Ensure to click the QuickBooks desktop icon at the same time, and you will head to the No Company Open window.
  7. Now, start again to create a portable file in QuickBooks and restore the same without any failure or error interruption.

How Can I Use QuickBooks Portable Files?

As discussed above, the portable file in QuickBooks Desktop is to support and saves users from data issues while restoring the company data files. Here, we have given the steps to use this particular portable file:

  • Navigate to the File menu and select the Utilities option, followed by clicking the restore backup option for the former QuickBooks edition.
  • Now, you will find a button (..) adjacent to the backup filename section. Select this button, then the backup company file, and click the Open option.
  • In the next step, you will see a Save in option. Click the option and save the file by naming it uniquely and avoiding overwriting the existing QuickBooks company data file.
  • Finally, hit the OK alternative, and you’re done with the successful usage of the QB portable company data file tool.

Wrapping Up..!

That was all about how to create, restore, and use the QuickBooks Portable Files! In case you want to learn more about this QuickBooks feature from QuickBooks experts, contact us via Live Chat Support. Our team will help you with every single piece of information related to the portable file tool in QuickBooks.

Frequently Asked Questions

Q1-Is there any difference between QuickBooks portable company file and the company backup file?

Yes. The QuickBooks portable company data file is the compact/portable version of the business financial data and helps users transfer financial data from one computer to another. The backup company file is different from the compact file and has a .qbm extension at the end of its name.

Q2-Can I access the .qbm file from your external storage device?

Yes. Just by inserting the external storage device or drive in your computer’s drive slot and directly head to the QuickBooks file menu. From this file menu, select the open or restore the company option and open restore data to access the .qbm file.

Q3-How to convert an Account copy (.qbx) to a QuickBooks company file (.qbw) in the QuickBooks application?

First of all, create a backup copy for your account QuickBooks copy with file name extension .qbx. After this, select the Accountants copy and click the OK button to end the process.

Managing the day-to-day accounting operations alone could be challenging and risky for the business owner. So, they require accounting software that they can trust to manage all the complex financial operations smoothly. After the research, the two widely used accounting solutions are FreshBooks vs QuickBooks, suitable for small to medium-sized businesses. However, if you want to know among FreshBooks Vs QuickBooks which is better, continue reading this post. Thus, it would help you make the best decision for your business. 

Do you need clarification on which one you must opt for your business between QuickBooks or FreshBooks? In that scenario, you must instantly call 1-855-603-0490 and get the sure-shot solutions.

A Short Description About QuickBooks

QuickBooks is a renowned accounting solution preferred by small to medium-scale industries to handle their accounting tasks easily. It offers top-notch features and sanctions that help users manage inventory, track expenses and income, prepare financial statements, and perform other accounting tasks. 

Besides this, QuickBooks also provides its users with the QuickBooks Online edition, which allows you to access the cloud-accounting functions. With the Online Edition of QuickBooks, you can process the inventory, process payroll, direct deposit, time-tracking, and pay taxes timely. 

A Quick Review about FreshBooks 

FreshBooks is another great accounting solution for sole entrepreneurs or freelancers selling services. Moreover, it also comes up with enhanced features that help users with time tracking, unlimited invoicing, project management, and basic reporting at a minimal price. 

This accounting software integrates with hundreds of third-party applications. Some of these include applications such as Gusto for payroll and PayPal for credit processing. Also, it is an extraordinary accounting software that simplifies accounting tasks. 

Discussing the FreshBooks Vs QuickBooks Comparison

Basis

FreshBooks

QuickBooks

  1. Accountant Access

You can only send the invitation to one accountant after upgrading to the Plus Plan. 

Herein, you can send the invitation to two accountants using any subscription plans. 

  1. User-Friendly

The FreshBooks accounting software has a simple interface that you can use easily to accomplish your accounting tasks. 

On the other hand, the QuickBooks application interface consists of multiple options. So, it becomes difficult for those with less accounting knowledge to understand. But you can get assistance with the help of videos and tutorials to run the application. 

  1. Time Tracking

One can utilize the time tracking feature with every plan of FreshBooks.

The user must require a separate account link with QuickBooks Time. 

  1. Inventory Management

You can access the basic features, including automatic stock updates based on invoicing.

Under this accounting suite, one can get their hands on numerous enhanced features such as low stock alerts, pricing rules, etc. 

  1. Bank Reconciliation

The Users can utilize the bank reconciliation feature with the Plus plan. 

You can utilize the Bank Reconciliation feature in QuickBooks with the Simple Start plan. 

  1. Automation

Users can combine this accounting solution with Zapier and send automatic invoice reminders.

Herein, you can combine the QuickBooks with Zapier. Thus, it allows its users to automatically operate the workflow with the Advanced Plan. 

  1. Mileage Tracking

This feature isn’t available with the FreshBooks.

You can track the vehicle’s mileage through the QuickBooks Simple Start plan. 

  1. Number of Users 

One user is applicable on each plan, and $ 11 for any additional user.

It can be accessed by up to one, two, three, or up to five users based on your purchased subscription plan. 

  1. Pricing

It is less expensive than QuickBooks. 

This accounting solution carries higher capabilities, so it consists of a bit higher prices. 

  1. Mobile Application

You can use FreshBooks through your mobile devices. 

The users can also utilize QuickBooks through their mobile devices. 

Pricing of QuickBooks and FreshBooks

Out of both accounting solutions, FreshBooks is proven to be the better-price product, the QuickBooks. Both of the accounting software offers 30 days of a free trial to test whether the product meets your business requirement. FreshBooks is $8.50 monthly during the promotional period, up to $ 17 monthly. 

On the other side, QuickBooks Simple Start charges $15 monthly during the promotional period and goes to $30 monthly when it is billed after that. 

QuickBooks Vs FreshBooks- Which is the Best Choice To Fulfill Your Business Requirement? 

QuickBooks and FreshBooks are extraordinary software that helps businesses simplify their accounting tasks. However, both accounting solutions offer avant-garde and exceptional features to enhance your accounting experience. But, deciding which one to opt for your organization completely depends upon your business type and its requirements.

QuickBooks accounting solution is the perfect software for small-scale businesses selling products and helps track finances as the business grows. On the other hand, if you are a newbie to accounting and you are a sole proprietor or an independent contractor, then FreshBooks is the best fit. This accounting solution has a simple interface and doesn’t require much accounting knowledge.

No matter whether the users have to pay a bit higher price for the QuickBooks application, it is worth paying as it simplifies your accounting task. If you are running a startup company, only then pick FreshBooks. 

Drawing To a Conclusion!!

We assure you that through this post’s help, it would have become much easier to make the right decision between FreshBooks Vs QuickBooks for your business. If you want more details regarding both the accounting software, you can consult with our professionals instantly. They will listen to your query carefully and offer you the best possible assistance within the shortest time possible. 

FAQ's

Ans. Creating inventory items and tracking total units and costs using FreshBooks is impossible. You can only add inventory with an invoice through this accounting solution. 

Ans. Yes, the users can utilize the multi-currency invoicing feature with the help of the QuickBooks Online application. As a result, it lets the users send an invoice to their customers in their local currency and helps manage foreign exchange rates efficiently. 

Ans. Yes, FreshBooks can only be replaceable with QuickBooks for companies that only require certain accounting features. One can only take care of the basic reconciliation and send invoices to small businesses using FreshBooks. Thus making the best alternative for the QuickBooks accounting software to cater to business financial tasks smoothly. 

Ans. QuickBooks accounting software is designed especially for medium to large-scale industries that want to accomplish their financial operation seamlessly. 

Ans. Companies can process their employee’s payroll by integrating FreshBooks with third-party applications like Gusto. Once the integration is over, you can access many benefits like unlimited payroll runs, automatic tax filing, direct deposit payments, etc. 

QuickBooks Payroll is a useful software that lets small and medium-scale businesses generate payroll, deposit the salary to the employee’s account, and handle other payroll-related tasks. But, most of the time, the users might report QuickBooks Error 9000 while attempting to send payroll data or direct deposit checks. Whenever they strike this error, they start getting the following error message on their computer screen indicating:

“Error 9000: The application has some problems, so it needs to be closed. Sorry for the inconvenience.”

Due to the Error 9000 in QuickBooks Desktop, users fail to manage the company’s employees’ payroll. Thus, it will eventually cause a loss in productivity and cause a major loss to the company. So, it is compulsory to resolve the error asap using the troubleshooting techniques explained in this guide.

Getting issues while dealing with QuickBooks Error Code 9000? Call us at @+1855-603-0490, and our professionals will help you fix the error within no time.

Factors That Might Give Rise to QuickBooks Error 9000

You must read the points listed below to know the root causes that might trigger QuickBooks Error 9000.

  1. Users might encounter QuickBooks Error Code 9000 due to the wrong internet or firewall settings.
  2. You are running the obsolete version of QuickBooks Desktop on your device.
  3. In other instances, it may occur due to an invalid security certificate.
  4. Sometimes, you might end up with this error if you are not using the latest tax table update on your device.

What are the Consequences of Getting Error 9000 QuickBooks Desktop?

The users might discover the following symptoms on the occurrence of Error 9000 QuickBooks Desktop. So, have a look at the pointers given below closely.

On the arrival of this error, the error message will start flashing on your screen.

  1. You might observe the continuous freezing or crashing of the QuickBooks application.
  2. Sometimes, you may experience that your computer starts working worse than earlier.
  3. In certain instances, you might spot that your Windows operating system begins to freeze.
  4. There might be a sudden breakdown in your internet connection.

Prior Considerations Before Fixing QuickBooks Error 9000

Here, we have listed some considerations to help you fix QuickBooks Error 9000 seamlessly.

  • You must have an internet connection with a high-speed internet connection.
  • You must be using the most currently added edition of the QuickBooks Desktop.
  • Look that you have installed the most upgraded Windows drivers with enough storage space.
  • Schedule the regular backup of your crucial company file.

Verified Solutions to Come Out Of QuickBooks Error Code 9000

Even after knowing the causes and symptoms behind QuickBooks Error Code 9000, if you fail to find the appropriate solution to fix the error, don’t panic. Here, we have described some quick tips to handle the error efficiently.

Effective Solution 1: Modify the Settings of QuickBooks Internet Connection

Poor internet connection or incorrect settings may be responsible for Error 9000 in QuickBooks. To correct the internet settings, use the points below to do it successfully.

  1. In the earlier stage, launch the QuickBooks Desktop application.
  2. Afterwards, navigate to the Help menu and verify that the “Use My Computer’s Internet Connection settings to establish a connection when this application accesses the internet” checkbox is selected.
  3. Click the Next button and choose the highlighted Advanced Connection Settings option.
  4. Now, you are supposed to pick the LAN Settings and ensure that you have marked the “Automatically Detect Settings” checkbox. Moreover, you must also ensure that the “Proxy Server” checkbox is unmarked.
  5. Conclude the procedure by tapping the OK button followed by the Done option.

Effective Solution 2: Try To Use the Publisher Certificate Revocation:-

  • First of all, open the Internet Explorer on your device and then hit the Internet Options.
  • In the next step, go to the highlighted Tools menu, followed by the Advanced tab.
  • Now, you must pick the Security Option and check that you have left the checkbox of “Check for publisher’s certificate revocation” unmarked.
  • After this, click the OK button and open your device again.
  • Finally, try to run your payroll and verify whether you are still receiving the error.

Effective Way 3: Conduct the Disk-cleanup On Your Hard Disk

Running the disk cleanup on your hard drive will vacant some space on your hard drive. Thus, it will allow you to install the payroll update easily and helps in fixing the QuickBooks Error Code 9000.

  1. To do the disk cleanup, click on the Start menu and write “Command” into the search panel.
  2. Soon after that, press the Ctrl + Shift keys and then hit the Enter key.
  3. In the next step, choose the Yes option from the Permission Dialogue box.
  4. Thereon, add “Cleanmgr” to the black screen that appears on your screen with a blinking cursor.
  5. Doing so, the Disk Cleanup will instantly appear on your screen, and then choose the drive individually. With this, it will instantly start cleaning up all unwanted files.

Effective Way 4: Proper Setting of the System’s Date and Time

The problem with the time and date settings in your computer, it may lead to QuickBooks Error 9000. So, to eliminate the issue right away, it is compulsory to correct the date and time using the instructions given below closely.

  • In the first stage, see the bottom right corner of the screen where you get the date and time. 
  • Soon after this, right-click on the Date and choose the highlighted Adjust Date and Time option.
  • Consequently, you will be taken to the new screen. In this window, you must hover your cursor over the Date and Time tab from the left side of the window. 
  • In the next step, hit the Change option, which is situated below the Change Date and Time option. 
  • Furthermore, include the accurate date and time in the respective text field.
  • Thereon, hit the Change option and check that the time and date are updated.
  • Finally, relaunch your device and try to get the latest payroll update.

Effective Way 5: Install the Most Recently Launched Updates of QuickBooks

Even after applying all the resolution methods explained above, you can’t fix QuickBooks Error 9000, try to get the latest QB updates. To install the most updated QuickBooks Desktop, you must perform the instructions given below.

  1. First of all, you need to shut down all the processes running in the background.
  2. In the next step, click the Windows menu and write QuickBooks into the search field.
  3. Thereafter, locate, and right-click on the QuickBooks icon to choose the Run As Administrator option.
  4. Thereon, tap on the Update Now tab and ensure you have selected the Reset Update checkbox.
  5. At last, hit the Get Updates option, and you must wait until the update process gets completed. Throughout the entire update process, don’t shut down the window and check that you remain connected with a stable internet connection throughout the entire process.
Closure!!

So, we hope you won’t find resolving QuickBooks Error Code 9000 challenging anymore. However, if the error continues, you can reach out to our professionals anytime. You can connect with our experts without hesitation via live chat or email support facility. They will ensure you won’t get this error in the near future.

FAQ's

Ans. To prevent the QuickBooks Error 9000 in the future, keep the following things in mind.

  • Look that there are no issues with the internet connection. 
  • You are using the supported version of QuickBooks Desktop 
  • Don’t miss to generate the regular backup of the QBDT application.
  • Check that the Windows Firewall or any third-party security interrupts the update process.

Ans. To rectify QuickBooks Error Code 9000, you must apply the following troubleshooting methods.

  • Run the Disk Cleanup on your device.
  • Ensure that the system’s date and time are accurate.
  • Try to install the latest QuickBooks Desktop updates.

Ans. The side effects of getting Error 9000 in QuickBooks Desktop are as follows.

  1. The users won’t be able to get the latest payroll updates.
  2. You might face difficulty in handling the payroll-related task using QuickBooks Payroll. 
  3. Sometimes, you may experience that your system starts performing sluggishly.

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