QuickBooks Online

If you’re a contractor, it’s just as important that you stay connected and up-to-speed on all the details of your project while on the jobsite, as it is when you are in the office.

Business operations at law firms can be complex, but your accounting software doesn’t have to be. We recommend managing your law practice with QuickBooks Online. You can bill clients, track time, and manage costs while in office or on-the-go.

In November 2019, Intuit announced that it had acquired ChronoBooks–offering more productivity for QuickBooks Online Advanced. Part of Intuit’s focus with this acquisition was to deliver a highly requested feature to customers using QuickBooks Online Advanced.

Check out these new features and improvements in QuickBooks Online that could very well grant you the gift of higher efficiency. 

Profit and Loss Report Enhancement

Intuit announced this week that they have acquired ChronoBooks, a cloud-based solution that small and medium sized businesses, as well as accountants, often rely on to view and restore historical QuickBooks Online activity.

QuickBooks Online offers up many applications that integrate directly with QuickBooks and streamline processes for your business. Users aren't shy when it comes to rating the apps they use and Intuit's site shows the ratings for each app, out of five stars.

If you are a small business that has used QuickBooks Online, or thought about using it, it’s worth understanding whether it is suitable for your needs, or if QuickBooks Online Advanced (QBO Advanced) would be the appropriate stepping stone for your business. 

There are a variety of ways to record or process a credit card payment so that it will show up in your QuickBooks Online.  This article will discuss using Sales Receipt, Receive Payment and Bank Deposit to record customer payments.

If you'd like to save time from manual data entry, consider using Bank Feeds to connect to your bank and credit card accounts to QuickBooks Online (QBO).  You will have the flexibility to see which transactions in the bank match transactions already in QuickBooks as well as easily add transaction

Entering expenses in QuickBooks Online (QBO) is easy. From the Home Page you click on the + sign to bring up the transaction menu.