| Frequently asked
questions about QuickBooks®
Will QuickBooks pay my
bills?
Yes. Entering your bills
is so easy and it allows you to sort your bills by due date or
vendor to help you decide who to pay first. Accounts payable
reports, like all other QuickBooks reports, are available with the
click of your mouse and can be created for any date you choose.
Once your vendor information is entered, vendor names and
addresses will print on the checks, enabling you to use window
envelopes rather than typing envelopes. QuickBooks will also print
1099s at the end of year for those vendors you designate as
required to receive 1099s.
Will QuickBooks keep my
checkbook current?
Yes. When you enter your
transactions, your bank balances will automatically be updated
after each transaction. QuickBooks also has a reconciliation
feature that saves time compared to reconciling your bank
statement manually each month.
Will QuickBooks do
payroll for me?
Yes. You set up your pay
categories, deductions and employee W-4 information and payroll is
as simple as entering the hours worked. QuickBooks calculates the
deductions, prints the paychecks and summarizes your payroll
information automatically. There are various payroll reports which
you can run to determine payroll taxes, including your quarterly
Form 941 and annual Forms 940 and W-2s.
What other features does
QuickBooks offer?
 |
Inventory tracking |
 |
Acts as database
for printing labels or rolodex cards |
 |
Tracks expenses by
customer or job |
 |
Can customize forms |
 |
Provides an audit
trail |
 |
Cash flow
forecasting |
 |
Budgeting |
 |
On-line banking |
How long would it take to
get QuickBooks up and running for my business?
Depending on the size of
your business and how quickly you can gather the information to
get your company set up, on average it would take 2 to 4 weeks to
set up your company information, e.g. chart of accounts, payroll
information, customized invoicing and beginning balances. Training
normally takes 6 to 8 hours, usually in 3 to 4 hour blocks.
I am already using
QuickBooks. What can Onpoint Bookkeeping do for me?
We can help you with a
lot of things. For example, we can help customize forms and
reports to best suit your needs or train you in software features
you may not be using.
Onpoint
Bookkeeping staff are QuickBooks specialists
As specialists in QuickBooks
software, we will meet with new or current users of
QuickBooks and provide a free assessment of their accounting
system needs and a demonstration of the QuickBooks Accounting
Software. After the assessment and demonstration, we will provide
you with a written proposal for services including the price of
the software, installation, set up, training, and support.
QuickBooks
Accounting Software
QuickBooks accounting
software is the most user friendly and economical accounting
system on the market today. This software is ideal for small
businesses with under 50 employees and annual revenues of less
than five million dollars. You do the majority of your bookkeeping
as you write checks and record receipts on a daily basis. With
QuickBooks you know if you’re making or losing money instantly.
There’s no need to understand accounting jargon like debits,
credits or postings. Leave that to us.
We understand your
internal and external reporting needs. Whether you’re seeking
quarterly or annual tax reports, interim financial statements for
the bank or a listing of bills to be paid, we can take your
QuickBooks data and make any necessary adjustments to prepare the
reports you need. If you prefer to produce your reports in-house,
we can make sure QuickBooks is set up to produce the information
you desire.
Intuit, the
Intuit logo and QuickBooks are registered trademarks of Intuit,
Inc. |