BAK Bookkeeping LLC’s Post

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! . . . #QuickBooksOnline #BusinessBookkeeping #Bookkeeping #SmallBusiness #BAKBookkeeping #BAKMarketing

Deleting transactions in QuickBooks might seem like a quick fix, but it can lead to bigger and costly consequences than you realize. Here’s what to keep in mind: 1️⃣ Deleting transactions can disrupt your financial records. This might throw off your reports, reconciliations, or even tax filings. Always double-check before taking action! 2️⃣ Voiding may be a better option. 🛑 If a transaction needs correction but should stay in your records, voiding it preserves the history for accurate reporting. 3️⃣ Pause and consult 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! . . . #QuickBooksTips #EntrepreneurLife #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusinessSupport #PittsburghBookkeeper #PittsburghAccountant #PABookkeeper #PAAccountant #Pittroe #PittroeBusinessServices

Deleting transactions in QuickBooks might seem like a quick fix, but it can lead to bigger and costly consequences than you realize. Here’s what to keep in mind: 1️⃣ Deleting transactions can disrupt your financial records. This might throw off your reports, reconciliations, or even tax filings. Always double-check before taking action! 2️⃣ Voiding may be a better option. 🛑 If a transaction needs correction but should stay in your records, voiding it preserves the history for accurate reporting. 3️⃣ Pause and consult 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! . . . #QuickBooksTips #EntrepreneurLife #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusinessSupport #PittsburghBookkeeper #PittsburghAccountant #PABookkeeper #PAAccountant #Pittroe #PittroeBusinessServices

A discrepancy report in QuickBooks Online is a tool used to identify and highlight differences or inconsistencies between your financial records, particularly when reconciling accounts. These discrepancies typically occur when the transactions recorded in QuickBooks don't match the transactions on your bank or credit card statements. The report helps you find and correct errors so that your accounts can be accurately reconciled. Use the report to review any discrepancies and make the necessary corrections to your transactions. After making corrections, attempt to reconcile your accounts again to ensure everything matches up correctly. Regularly updating your transactions and monitoring your accounts can help prevent future discrepancies. Are you spending too much time on bookkeeping instead of focusing on growing your business? Let us handle the numbers while you do what you do best! Let's chat! #QuickBookstips. #bookkeeping #Accounting #SmallBusiness

Struggling with duplicate income in QuickBooks Online? My latest video tackles this headache for bookkeepers and small business owners alike! 👉 https://lnkd.in/eBKFeM_q Learn how to spot and fix duplicates, using a sales receipt and deposit as examples. Discover the steps to navigate your Profit and Loss report, review your income for errors, and adjust entries for accuracy. Perfect for ensuring historical correctness and keeping customer tracking on point. Check out this practical guide and say goodbye to duplicated income woes. 📹 https://lnkd.in/eBKFeM_q Watch now for step-by-step instructions to streamline your financial records! #quickbooksonline #qbo #duplicateincome #bookkeeping #bookkeepingtips #accounting #quickbooksproadvisor

quickbooks tips and tricks by Rachel Barnett 🐸 #quickbooks #quickbooksonline

Struggling with duplicate income in QuickBooks Online? My latest video tackles this headache for bookkeepers and small business owners alike! 👉 https://lnkd.in/eRAFagJ8 Learn how to spot and fix duplicates, using a sales receipt and deposit as examples. Discover the steps to navigate your Profit and Loss report, review your income for errors, and adjust entries for accuracy. Perfect for ensuring historical correctness and keeping customer tracking on point. Check out this practical guide and say goodbye to duplicated income woes. 📹 https://lnkd.in/eRAFagJ8 Watch now for step-by-step instructions to streamline your financial records! #quickbooksonline #qbo #duplicateincome #bookkeeping #bookkeepingtips #accounting #quickbooksproadvisor

Mastering Bookkeeping: Best Practices Accurate bookkeeping is crucial for business success. Here are some best practices: 1. Maintain Consistent Records Update your books regularly for accurate financial data. 2. Separate Finances Keep personal and business expenses separate to avoid complications. 3. Reconcile Accounts Monthly Match your bank statements with your records to catch discrepancies early. 4. Use Reliable Software Tools like QuickBooks or Xero streamline processes and reduce errors. 5. Track Expenses Diligently Record and categorize all expenses for better financial analysis. 6. Implement Internal Controls Regular audits and approval processes prevent fraud and errors. 7. Monitor Receivables and Payables Ensure timely payments and manage cash flow effectively. 8. Prepare for Taxes Year-Round Keep detailed records and set aside funds for taxes throughout the year. 9. Regular Financial Reviews Periodically review financial statements to inform business decisions. 10. Seek Professional Help Consult a professional for compliance and optimized financial strategies. Implement these best practices for accurate records, compliance, and sustained business success. #Bookkeeping #BusinessSuccess #FinancialManagement #SmallBusiness #Accounting #TaxPreparation #CashFlow #BusinessGrowth

Bookkeeping may not pack punches, but it can still feel like a fight—especially when dealing with overdue invoices or tax compliance. That is where I step in to help you knock out financial stress! At 𝐆-𝐖𝐡𝐢𝐳 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬, I specialize in setting up and supporting small service businesses on 𝐐𝐮𝐢𝐜𝐤𝐁𝐨𝐨𝐤𝐬 𝐎𝐧𝐥𝐢𝐧𝐞. With 20 years of experience, I ensure your accounts are audit-ready and compliance worries are a thing of the past. 🌟 💡 Tip of the day: Did you know QuickBooks Online allows you to automate invoice reminders? Save time chasing payments and focus on growing your business! Bookkeeping doesn’t have to be boring—I bring numbers to life with a daily dad joke and financial clarity. Let’s add a bit of humor to your finances and create joyful numbers for thriving finances! 👉 𝑳𝒆𝒕'𝒔 𝒄𝒉𝒂𝒕! 𝑫𝒓𝒐𝒑 𝒂 𝒄𝒐𝒎𝒎𝒆𝒏𝒕 𝒃𝒆𝒍𝒐𝒘 𝒐𝒓 𝒔𝒆𝒏𝒅 𝒎𝒆 𝒂 𝑫𝑴! www.gwhiz.co.za “Joyful Numbers – Thriving Finances” #Bookkeeping #SmallBusinessSupport #QuickBooksOnline #SouthAfricaBusiness #FinancialManagement #AuditReady #StressFreeFinances #GWhizBusinessSolutions #DadJokes #AccountingTips

So, how will I do your bookkeeping if I don't have direct access to your bank and credit card accounts? Glad you asked! 😉 Here are the basic steps: 1️⃣ We negotiate a monthly (or one-time) rate based on your needs. 2️⃣ After our contract is signed, I will assist you with securely connecting your relevant financial accounts to QuickBooks (or similar), if that is the method you choose. 3️⃣ I will then categorize your transactions, reconcile your accounts, and produce your financial statements. (See my upcoming posts on these topics!) 4️⃣ Occasionally, I might need further information from you in order to categorize a transaction properly, but generally, I do my best to keep bookkeeping as hands-off as possible for you. 5️⃣ You can also send me a message whenever you'd like. I'll usually respond to clients within one business day, excluding weekends and holidays. There's no extra fee for support—I'm always happy to help. 💌 Ready to outsource your accounting work to an experienced professional? RegencyAccountingLLC.com #SmallBusiness #SmallBusinessBookkeeping #SmallBusinessAccounting #Bookkeeping #Accounting #SmallBusinessHelpingSmallBusiness