The work of a QuickBooks accountant is to ensure that your online account transactions are being done in the best manner. When you make transactions using ATM and credit cards, you should not enter the transactions manually. Instead, you can have a QuickBooks accountant to do the work for you accurately. The QuickBooks is a software for online banking and to be able to use it, below are QuickBooks Proadvisor actions to successful online banking.
The setup is essential when it comes to online banking. Make sure you use the right setup to enter information especially when doing it for the first time. Avoid using spaces or dashes when keying in the account number. Again, to be able to wind up and restore the backup when a lot of work has to be done, create a backup.
The next step is to download before reconciling. This is because a major problem accountants face, is finding unmatched transactions in the online banking center that were previously entered into the software then reconciled. The software denies matching downloaded transactions with settled ones even if the operation is same.
There are two different ways used to download transactions. It is done by a direct connection, or the web connect. In direct connection, you just enter the password and then download the operation. The latter opens the accounting software web browser then connects you to the website of your financial institution. Sign into your account and navigate till you get to click on a link that says download transaction. Then just follow the instructions and complete the transaction.
It is also essential to key in the correct dates when doing the downloads. Keeping track of dates when you last downloaded a transaction to many banks is a problem. This happens to those banks that use web connect. Therefore, maintain a record of the date each time you download a transaction to avoid downloading transactions twice hence having transactions that do not match.
Remember to enter the correct transactions to ensure that after every transaction you make, the online account status shows you do not owe any money. When you are paid by a customer, it should indicate that the client does not owe you. When these transactions are assigned matched status, then you did the records correctly.
It is also good to include all information when adding any transaction to a register. Make sure you type in the correct date, payee, and the check number. This way you will ensure that there are no unmatched transactions that remain unmatched. It is also crucial to match all unmatched operations before deleting any statements from the software.
To make sure you do not fail to make transactions due to the failure of the QuickBooks to display its features, ensure you upgrade the version every time before it expires. Also, remember that not everything can be done through online operations using the software. Your business might require a more sophisticated software to do certain transactions. Therefore, have an expert to design you a software that can perform the task better to meet your needs.
The setup is essential when it comes to online banking. Make sure you use the right setup to enter information especially when doing it for the first time. Avoid using spaces or dashes when keying in the account number. Again, to be able to wind up and restore the backup when a lot of work has to be done, create a backup.
The next step is to download before reconciling. This is because a major problem accountants face, is finding unmatched transactions in the online banking center that were previously entered into the software then reconciled. The software denies matching downloaded transactions with settled ones even if the operation is same.
There are two different ways used to download transactions. It is done by a direct connection, or the web connect. In direct connection, you just enter the password and then download the operation. The latter opens the accounting software web browser then connects you to the website of your financial institution. Sign into your account and navigate till you get to click on a link that says download transaction. Then just follow the instructions and complete the transaction.
It is also essential to key in the correct dates when doing the downloads. Keeping track of dates when you last downloaded a transaction to many banks is a problem. This happens to those banks that use web connect. Therefore, maintain a record of the date each time you download a transaction to avoid downloading transactions twice hence having transactions that do not match.
Remember to enter the correct transactions to ensure that after every transaction you make, the online account status shows you do not owe any money. When you are paid by a customer, it should indicate that the client does not owe you. When these transactions are assigned matched status, then you did the records correctly.
It is also good to include all information when adding any transaction to a register. Make sure you type in the correct date, payee, and the check number. This way you will ensure that there are no unmatched transactions that remain unmatched. It is also crucial to match all unmatched operations before deleting any statements from the software.
To make sure you do not fail to make transactions due to the failure of the QuickBooks to display its features, ensure you upgrade the version every time before it expires. Also, remember that not everything can be done through online operations using the software. Your business might require a more sophisticated software to do certain transactions. Therefore, have an expert to design you a software that can perform the task better to meet your needs.
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Find an overview of the benefits you get when you use QuickBooks software and more info about a certified QuickBooks ProAdvisor at http://www.jraccountingservices.com right now.