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Deleting transactions in QuickBooks might seem like a quick fix, but it can have bigger and costly consequences than you think. Here’s what to keep in mind: 1. Deleting a transaction can throw off your financial reports, reconciliations, or even your tax records. Always double-check the details before taking action! 2. If the transaction needs to be corrected but should remain in your records, voiding it may be a better option. This keeps the history intact for accurate reporting. 3. It’s better to pause and ask your bookkeeper or accountant. A quick conversation can save you hours of troubleshooting later. Think before you delete, and always keep your records clean and accurate. Need help managing your business finances? Let’s chat! 🤳 https://lnkd.in/evNmSYtY . . . #TaxAssistAdvisors #atlantabusiness #QuickBooksOnline #BusinessBookkeeping #BusinessAccounting

Deleting transactions in QuickBooks might seem like a quick fix, but it can have bigger and costly consequences than you think. Here’s what to keep in mind: 1. Deleting a transaction can throw off your financial reports, reconciliations, or even your tax records. Always double-check the details before taking action! 2. If the transaction needs to be corrected but should remain in your records, voiding it may be a better option. This keeps the history intact for accurate reporting. 3. It’s better to pause and ask your bookkeeper or accountant. A quick conversation can save you hours of troubleshooting later. Think before you delete, and always keep your records clean and accurate. Need help managing your business finances? Let’s chat! . . . #coloradosmallbusiness #fortcollinsbookkeeper #fortcollins #northerncolorado #northerncoloradobusiness #fortcollinsbusiness #fortcollinsmallbusiness #coloradowomeninbusiness #coloradobookkeeper

Deleting transactions in QuickBooks might seem like a quick fix, but it can have bigger and costly consequences than you think. Here’s what to keep in mind: 1. Deleting a transaction can throw off your financial reports, reconciliations, or even your tax records. Always double-check the details before taking action! 2. If the transaction needs to be corrected but should remain in your records, voiding it may be a better option. This keeps the history intact for accurate reporting. 3. It’s better to pause and ask your bookkeeper or accountant. A quick conversation can save you hours of troubleshooting later. Think before you delete, and always keep your records clean and accurate. Need help managing your business finances? Let’s chat! . . . . #HomesteadBookkeeping #LocalBookkeeper #QuickBooksProAdvisor #ProfitFirstProfessional #QuickBooksTip

Deleting transactions in QuickBooks might seem like a quick fix, but it can have bigger and costly consequences than you think. Here’s what to keep in mind: 1. Deleting a transaction can throw off your financial reports, reconciliations, or even your tax records. Always double-check the details before taking action! 2. If the transaction needs to be corrected but should remain in your records, voiding it may be a better option. This keeps the history intact for accurate reporting. 3. It’s better to pause and ask your bookkeeper or accountant. A quick conversation can save you hours of troubleshooting later. Think before you delete, and always keep your records clean and accurate. Need help managing your business finances? Let’s chat! . . . . #HomesteadBookkeeping #LocalBookkeeper #QuickBooksProAdvisor #ProfitFirstProfessional #QuickBooksTip

Deleting transactions in QuickBooks might feel like a quick fix, but it can lead to costly consequences. 💻❌ Here’s what to consider before hitting delete: 1️⃣ Impact on Records: Deleting transactions can disrupt your financial reports, reconciliations, and tax records. Always double-check! 2️⃣ Use Voiding Instead: If the transaction needs adjustment, voiding might be a better option—it keeps the history intact for accurate reporting. 3️⃣ Ask an Expert: When in doubt, consult your bookkeeper or accountant. A quick question now can save hours of troubleshooting later. 💡 Think before you delete and keep your records clean and accurate! Need help managing your business finances? Let’s chat today! 📞 . . . #QuickBooksTips #SmallBusinessSuccess #BusinessBookkeeping #LionhillFinancialSolutions 💡💼✨

Deleting transactions in QuickBooks might seem like a quick fix, but it can have bigger and costly consequences than you think. Here’s what to keep in mind: 1. Deleting a transaction can throw off your financial reports, reconciliations, or even your tax records. Always double-check the details before taking action! 2. If the transaction needs to be corrected but should remain in your records, voiding it may be a better option. This keeps the history intact for accurate reporting. 3. It’s better to pause and ask your bookkeeper or accountant. A quick conversation can save you hours of troubleshooting later. Think before you delete, and always keep your records clean and accurate. Need help managing your business finances? Let’s chat! . . . #realestate #realtor #realestatebookkeeping #bookkeepingforrealestate #bookkeepingforrealtors #womeninrealestate #northerncoloradorealtor #fortcollinsrealtor #coloradorealtor

🌟 Think Twice Before Deleting Transactions in QuickBooks! 🌟 Deleting transactions in QuickBooks might feel like a quick fix, but it can lead to bigger and more costly consequences than you’d expect. 🛑💰 Here’s what to keep in mind: 1️⃣ Financial Reports Matter: Deleting a transaction can disrupt your financial reports, reconciliations, and even tax records. Always double-check before hitting delete! 2️⃣ Consider Voiding Instead: If the transaction needs correction but should remain in your records, voiding might be a smarter choice. This preserves history for accurate reporting. 3️⃣ Ask an Expert: A quick chat with your bookkeeper or accountant could save you hours of troubleshooting. 💡 💼 #QuickBooksOnline #SmallBusinessTips #EntrepreneurJourney #NationwideBookkeeping #BookkeepingMadeEasy #BookkeepingForSmallBusiness #OrganizedFinances #BusinessGrowth #SmallBizTips #StressFreeTaxSeason #EmpowerYourBusiness #StressFreeFinances

When I start working with clients, about 25% of the time, I see errors with how they've set up and managed the chart of accounts in QuickBooks. The chart of accounts is the listing of accounts that you use to categorize transactions, which then turn into your financial statements. When you don't have this set up correctly, it could look like you have more income or cash on hand than you really do, causing you to over-or-under pay taxes and have the wrong data to base decisions on. This is where a bookkeeper comes in handy! 👋 Now is the time to make sure this is being properly executed. It's beneficial to catch these mistakes early on to save you TIME & MONEY! Don't let this spiral out of control. #bookkeepingmistakes #errors #FixMyBooks #AskABookkeeper #bookkeepingtips #virtualbookkeeper #bookkeepingcare #bookkeepingservices #smallbusinessownerlife

Bookkeeping doesn't have to be hard. Let's make it easier. Here's my 2024 mini-guide on "how to streamline your bookkeeping like a pro". Always: 1. Keep records updated daily 2. Categorize expenses immediately 3. Use automated tools for accuracy 4. Review financial reports monthly 5. Set reminders for tax deadlines Never: 1. Procrastinate on data entry 2. Mix personal and business finances 3. Ignore small discrepancies 4. Rely solely on manual entry 5. Forget to back up data Bonus: Avoid "quick fixes" for balancing books. If your financials seem off, investigate thoroughly rather than making quick adjustments. Hope this helps your bookkeeping! Repost it ♻️ for your network too. P.S. Anything you'd add to the list? What's your fav?

𝐇𝐨𝐰 𝐖𝐞 𝐑𝐞𝐬𝐜𝐮𝐞𝐝 𝐚 𝐔𝐒-𝐁𝐚𝐬𝐞𝐝 𝐋𝐚𝐰 𝐅𝐢𝐫𝐦 𝐟𝐫𝐨𝐦 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐓𝐮𝐫𝐦𝐨𝐢𝐥 🤔 Using advanced client cost accounts in QuickBooks Online was a disaster: 🔴 Client expenses weren't properly tracked 🔴 IOLTA to checking transfers weren't adjusted 🔴 Income was overstated due to unadjusted costs Their financial statements were inaccurate, leading to significant losses 📉 𝐇𝐞𝐫𝐞’𝐬 𝐇𝐨𝐰 𝐖𝐞 𝐅𝐢𝐱𝐞𝐝 𝐈𝐭: 🔵 Precisely tracked each client's expenses 🔵 Transparently linked costs to client invoices 🔵 Adjusted transfers to accurately reflect income 𝐑𝐞𝐬𝐮𝐥𝐭𝐬? ✅ Clear and precise financial tracking ✅ Accurate income reporting ✅ Improved financial health Precision in **legal bookkeeping** is crucial! 🌟 P.S. Struggling with advanced client cost management? DM me "𝐂𝐨𝐬𝐭" to get your accounts accurately managed! #LegalBookkeeping #FinancialManagement #QuickBooksOnline #LawFirmAccounting #ClientExpenseTracking