Frequently Asked Questions

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If you think QuickBooks is the right accounting program for your business, you can set it up using a few simple steps and get started with the program. Using a free trial of QuickBooks software allows you to confirm that the program is right for your business. You can subscribe to the program and set up your customers, vendors, employees, and banks in the program. Moreover, you can avail yourself of help setting up the program if you are having difficulties getting it done.

QuickBooks offers an incredible feature of bank reconciliation. Using this feature, you can connect your bank/credit card accounts to QuickBooks and download transactions directly in the software. Thus, you can avoid the manual entry errors. Moreover, you can check and confirm that there are no discrepancies in the records by checking the ending balance.

If you own a small or mid-sized business and need a powerful program to handle your accounting processes, QuickBooks Desktop comes in handy for you. The Desktop version of QuickBooks solution is known for its robust accounting features, which are suitable for accounting management, budgeting, reporting, and other crucial tasks. Keep in mind that you need to install the software on your local device. Once installed, you can reap the benefits of its astounding features.

Yes! Intuit offers help for the issues that can crop up while managing your accounting processes from within the QuickBooks application. The accounting software is vast, and sometimes, issues occur due to technical factors. You need to understand the availability of help is subject to the volume, and time is also limited. In another scenario, when you have outsourced accounting services, the experts will take care of your processes, keeping inaccuracies at bay. Besides, the experts are always available to offer prompt help.

QuickBooks Online best suits those who want flexibility in their record-keeping and accounting processes. The tool allows such business owners to keep an eye on their processes remotely without needing to get restricted to a fixed location. All you need is a device and a stable Internet connection to open QuickBooks Online. Furthermore, it allows seamless collaborations with other partners, such as CPAs, Consultants, CFOs, and financial firms.

QuickBooks Online users, when running a function, may encounter multi-faceted issues, such as login problems, outdated or locked data files, slow internet connection, lost or forgotten passwords, lost license information, and the list goes on. Improperly configured settings in QuickBooks Online are one of the main reasons behind the occurrence of the errors. These issues can hinder your workflow and, therefore, need to be addressed promptly with the relevant solutions.

QuickBooks Payroll is a subscription-based payroll solution from Intuit that lets users automate their payroll processes, track employee payments, and send direct deposits. Its incredible features help you handle payroll tasks, such as tax deductions, time tracking, inventory management, and several others. The accurate tax calculation and filing within the program lets you operate in compliance with the regulatory authorities.

The tax tables contain the updated federal and state tax rates and information on the deductions and contribution limits. Updating tax tables ensures that you have the latest tax calculation rates, which is crucial for accurate calculations. Thus, you can make accurate payments for your tax liabilities and remain compliant with tax regulations.

QuickBooks Desktop Enterprise comes with different pricing plans to meet your specific business requirements. As you move up in the plan, you will be able to add more users and access more advanced features. These pricing plans are:

  • QuickBooks Enterprise Silver
  • QuickBooks Enterprise Gold
  • QuickBooks Enterprise Platinum
  • QuickBooks Enterprise Diamond

When choosing QuickBooks Enterprise for your business, you should keep a few essential points in mind, as stated below:

  • You can choose a QuickBooks Enterprise solution or any suitable pricing plan based on the size of your business or the complexity of your accounting processes.
  • Also, consider the features you want to access for your day-to-day bookkeeping processes.
  • Besides, make sure that the program is easy to navigate and use (user-friendliness).
  • Integrations with other tools or add-ons are also crucial considerations.
  • Pricing is one of the most important aspects you should keep in mind before investing in your accounting software.

Yes! Intuit is discontinuing QuickBooks Desktop Point of Sale 19.0. The discontinuation is already in effect from October 3, 2023. Users can still use this application; however, Intuit won’t release the latest critical security patches and updates anymore.

You can continue using your QuickBooks Desktop POS application as usual without getting the new update for the program. In case you need assistance with the product, you can connect with the independent services that are ready to help around the clock. Alternatively, you may also switch to an efficient point-of-sale solution such as Shopify and run your processes without any technical hurdles.

No! QuickBooks Time is not free. It is a paid time tracking solution from Intuit. You can choose from any of its pricing plans – Premium or Elite as per your requirements. The Premium plan costs users $8 per user per month, including a $20 monthly fee. On the other hand, QuickBooks Time Elite will cost you $40 per month, and to add more users, you need to pay $10 per user per month.

You can use QuickBooks Time with all versions of the program for an additional fee. However, if you have QuickBooks Payroll Premium or Elite subscription, you can use QuickBooks Time for absolutely no additional cost.