Thursday, 23 March 2017

How To Use QuickBook Accounting Software

Sage 50 accounting software and QuickBooks accounting software will make your work pretty easier. You need to learn how to use these tools to quicken completion of your projects.
Here are the things you can do with the QuickBook accounting software:

1. History Of Transactions: Like the Sage 50 accounting software, QuickBook accounting software helps you manage history of transactions whenever needful. The history button helps us find transaction histories including bills, payment applied to bills, and related deposits. It is possible to access histories of any transaction such as a bill payment check. Clicking the history button at the top of the transaction window displays a list of bills paid by the bill payment check. You can also find the bill details by double-clicking on a bill. If you cannot locate the history button, click Ctrl H from the keyboard.

2. Review Payroll Information: This can be great when you want to see if the calculated amounts have been modified, which a good internal audit procedure. The paycheck details can be found in the original paycheck found from the Employee Center. Check to see if the word "adjusted" appears after Employee Summary in the section that shows Amount and YTD columns. If the word is there, then one or more figures have been modified. Check the Employees & Payroll Reports and navigate to the Payroll Detail Review report to check which amount has been edited. The column User Edit there has a value of Y or N and the Y shows which values have been edited.

3. Add filters quickly before a report generates: Like Sage 50 accounting software, QuickBooks accounting software helps generate quick and detailed reports. This software uses the existing data to generate reports. Before generating a report on the screen, direct bring up the Modify Report on the screen, go to menu and choose Edit | Preferences, then select the Reports & Graph option. Check the Prompt me to modify report check box on My Preferences tab before opening the report. This means the software opens the Modify Report screen before generating a report.

4. Allocate payroll contributions and taxes to classes and jobs: Turn on the  Allocate payroll contributions and taxes by checking the Job Costing, Class and item tracking for paycheck expenses in the  Edit | Preferences | Payroll and Employees | Company Preferences. Create the item to allocate to jobs and then tick on the Track Expenses By Job box when creating the items.
You can also do other things like moving columns on your reports to control the order of the columns on the report and make it more appealing.