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Showing posts with the label quickbookssupercondense

QuickBooks Data Recovery

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  It is needless to mention how important the data stored in your QuickBooks file. In most cases, a QuickBooks file can necessarily contain pretty much everything related to a business’s financial operation. So, the last thing you need is to see your QuickBooks files are damaged or corrupted. When a QuickBooks file is corrupted due to some reason, it will display different error codes depending on the situation. So, you cannot open any of those files with error codes until you recover it. When it comes to recovering, there are three main solutions to address it. Using QuickBook’s built-in automatic recovery. Use a third-party, standalone software. Get the assistance of a professional . The most reliable and recommended way to recover your QuickBooks data is option #03. Option #01 and #02 may sound good but if you don’t do it correctly, the output can be pretty nasty – you may even make the file completely unrecoverable if you do something wrong with it. So, i...

Reducing target count in QuickBooks

  A target is essentially a detail line or item line in a transaction. For example, if you had an invoice with 10 lines, it would take up 10 targets. The Targets of a QuickBooks transaction provides detailed information about the transaction and includes the target accounts, target names, target memos, target amounts, etc. Some characteristics of the Targets are: Differences between Targets and Sources The source of a transaction is the summary or total of the transaction.  An example of this is the source of a check which includes the amount of the check, the payee, and the bank account from which the check was written.  The target of a transaction is the distribution of the source into 1 or more other accounts.  For example, a check might be used to pay expenses in 2 different General Ledger accounts, which appear on the  Expenses  tab below the check payee information.  The targets of this check include the information on these 2 lin...

Intuit, Etsy partner to simplify accounting

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    Intuit announced that it is partnering globally with Etsy, Inc. to offer Etsy sellers in the U.S. and the U.K. the ability to manage their business finances with QuickBooks Self Employed. Etsy sellers are responsible for tracking, organizing and reporting their own sales and business expenses. Many times, it is difficult to capture an accurate snapshot of the financial health of their business, and many sellers have questions about what to include as part of their tax filings. In a recent Etsy survey of U.S. sellers, 45 percent identified tax prep or accounting as very challenging. To simplify this process, Intuit and Etsy are partnering to offer: Data integration– Etsy sellers’ data will flow seamlessly into QuickBooks Self-Employed, providing instant insights into cash flow by automatically categorizing the data so sellers can see their real income, including total expenses and profit. Special...