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QuickBooks Made Simple

By Nicholas B. Chapman

Running a small business is no easy task. With a lack of workers many small business owners must perform many of the jobs themselves just to keep the company afloat. Many small business owners are their own salesman, secretary, and even web master. Many individuals thrive under such stressful conditions. But there is one job that can stop anyone in their tracks due to its intricacy. The job many small business owners dread doing is preparing tax forms. In big businesses this job is delegated to the highly trained accountants. But without one at your disposal you are going have to prepare your own taxes. Preparing your own tax forms may be a problem but the solution lies with the computer program QuickBooks offered by Intuit Inc. QuickBooks simplifies preparing taxes as well as keeping financial records for your business.

Intuit Inc was founded in 1983 and has been bringing small and midsized companies simple solutions to financial management ever since. They offer many software programs such as QuickBooks, Quicken, and TurboTax. These programs not only help with tax preparation they also provide payroll processing applications and present countless financial management help. Also offered by Intuit Inc are ProSeries and LaCerte, programs for professional accountants. Intuit Inc provides assistance to mid market banks and credit unions through Digital Insight as well. Through Digital Insight Intuit Inc offers online banking assistance and even provides web hosting and marketing programs to increase clientele. It is obvious that any small business utilizing QuickBooks will see an enormous amount of advantages.

Once you purchase the software you must first install QuickBooks in whichever computer you want to prepare the documents from. Ideally this would probably be your main work station in your office. After installing the program you must open the application to begin the process. You will be confronted by an automatic guide that will help you get started. First you will be instructed to fill out the necessary information such as the company name, phone number, address, etc. Upon completing the entry form you will be greeted with another automatic guide that will help you further begin the process of using QuickBooks.

After following the guides instructions select the bank option and enter in your bank information. Without recording your bank information you will not be able to receive electronic payments from customers or record any business transactions. Without the proper records your taxes will be incorrect and incomplete.

Now you can move onto creating client accounts for all your clientele. Creating client accounts for your customers will allow you to easily manage each clients bills and invoices. The most affordable version of QuickBooks only offers room for 20 client accounts. For small businesses this may be more than enough. But if you need more client accounts you can upgrade to QuickBooks Pro which offers more client accounts along with more advanced accounting options.

For anyone who has to be their own accountant QuickBooks is extremely useful. It simplifies the process down to an easy to use computer interface. Once you are on QuickBooks youll be sending out invoices and preparing tax returns in no time.

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