How QuickBooks Accounting Software Makes Tax Season Easy?

How QuickBooks Accounting Software Makes Tax Season Easy?

QuickBooks is the world’s leading accounting & bookkeeping application for your business because it offers wide range of product as well as services. This financial software is seamless for every category of industry and each & every sort of task. This accounting software can almost do whatsoever associated with financial management.

As tax season is coming up, it is time to bring all the financial documents together. Being an entrepreneur or a business owner, this period is very hectic and tedious, if you don’t have QuickBooks financial application. Once you will purchase this accounting application for whole year, this will simply mean that you will no longer need to rush through gathering financial documents and end up with missed assets & deductions.

Having clean books and easy to understand financial statements, will lower your tax preparation costs and will give you much clearer understanding of the tax situation, not to mention the ability to plan and avoid surprises down the line. Through this post we have presented you benefits of QuickBooks accounting software which makes tax season easy.

Your Choices of Accounting Software Which is Suitable for your Business

QuickBooks Pro:

QB Desktop Pro also has fantastic attributes in it. It is the very best small business accounting software. QuickBooks Pro reveals you exactly where your organisation stands financially and far more. With the help of QuickBooks Pro software, you can manage your day-to-day tasks swiftly and efficiently.

QuickBooks Enterprise:

QuickBooks accounting software has actually included several versions, however a couple of are incredibly popular than other versions. For example, QuickBooks Enterprise solutions provides you 3 options:

  • Silver
  • Gold
  • And platinum edition.

QuickBooks Enterprise is a more powerful version as it can track all your accounting details, inventory items, vendors and much more.

  • QuickBooks silver edition has several powerful attributes.
  • The QuickBooks gold edition has everything consisted of in silver, plus improved payroll.
  • QuickBooks platinum version includes everything that the silver and also gold include, with a few bonus. As an example, it additionally comes with advanced inventory and also pricing.

QuickBooks Accounting Solutions – That Collects all Your Data

This software aids you arrange everything in one location. You do not need to fret to collect all your budget reports, financial records, and invoices. Consequently, the software is easier for you to access and even more user-friendly. You can deal with all your costs by tracking and paying expenses via the software.

It additionally offers you the option to sync with your online banking right to QuickBooks. The attribute called “Income Tracker” will aid you to produce a transaction record for your whole year or details duration. You will get automatic reports that you can select to personalize and also schedule. Obtaining reports and also solutions have never ever been simpler.

Eliminate Ghost Assets

A ghost asset is a fixed asset in general ledger which cannot be accounted because it is physically missing or rendered unusable. Not properly recording these collapses could lead to negative results in your taxes. QuickBooks accounting and inventory management software helps in avoiding these ghost assets.

This accounting software comes with tools which help in tracking your inventory along with advanced inventory tracking and inventory reporting. This report shows your company’s assets and helps calculate your COGs for the year, which you need to know for certain tax forms. Also you can customize these reports to include assembly summary, valuation summary and inventory reporting.

Don’t Forget Deductions

You may know a few deductions but less you remember you could forget some which may have an impact on your taxes. Government uses these deductions as a solution to encourage spending in places that they want you to. Example of possible tax deductions includes the use of the contract labor, vehicle expenses and then rental of business property, utilities, supplies and more. It’s sad but many business owners forget about certain deductions, resulting in less tax breaks than they deserve.

QuickBooks software can help you track your business with a click of a button. Reports containing information will now be easy to use and organized by category. The income-related transactions. By managing deductions you can ensure minimum mistakes and help maximize either many back or less money to pay.

Choose your suitable QuickBooks

QuickBooks accounting software offers many great choices but some are more popular than others. For example, Enterprise version offers you three options: silver, gold and platinum. It is the top-notch solution to track all your customers, vendors, inventory items and much more.

Platinum edition includes every feature of silver and gold including enhanced payroll, advanced inventory and pricing.

For small businesses, Desktop Pro is considered the best accounting software. It is true software showing exactly showing where your business stands financially and much more. It also helps in daily tasks efficiently and quickly. Desktop Pro Plus has the entire feature which Desktop Pro has plus some added specific features to complete daily business chores.

Organize all your data with the help of QuickBooks software

This software helps you in collect everything in one place. With QuickBooks you don’t have to worry to collect all your expense reports, receipts and financial records. This software is very to access and user-friendly. You can handle everything through the software like all your expenses by paying and tracking bills. It gives you an option to sync with your online baking straight to QuickBooks.

The tracker of income feature will help you create a transaction report for your entire year or for a specific year (based on your choice). You can choose customize and schedule feature to receive your automated reports. Easy way to get reports and answer is QuickBooks.

Benefits of using QuickBooks software

One of the most important aspects of using QuickBooks accounting software is that data loss can never happen, it automatically saves a backup of your company file in the main server, in case the software crashes. Just think of it that your company file is in wrong hands by accident, it can jeopardize all your business efforts. The abundance of confidential data, such as financial balance, account numbers, social security and employer identification numbers will be at huge risks.

Business owners must consider such accounting software which can describe security features in detail such as malware technology, anti-spyware and firewall protection.

I hope you found this information helpful. If you have any questions regarding this or need further information, you can simply dial our QuickBooks technical help service number .i.e +1(800)880-6389. Our Intuit Certified ProAdvisors will look forward to your concerns and provide you a feasible solution for your queries.

 

You may also like:

Steps to Register or Activate QuickBooks Desktop

Steps to Register or Activate QuickBooks Desktop

As we all know that Intuit QuickBooks is a leading accounting and bookkeeping software that features important tools of state of the financial accounting technology. This software is incredibly user-friendly as you can experience being a business owners that average knowledge is enough to handle and manage this software to achieve organisational goals. But you have to make sure that QuickBooks installation, updates, and upgrades have been made appropriately on a regular interval of time.

In case, you have one or more than one copies of QuickBooks Desktop application then it is necessary that being a QB user, you activate or register each copy manually. We believe that this article would be helpful to you…! We have endowed few simple and easy steps to register or activate the QuickBooks desktop application once you installed it.

Important: Make sure that the Internet Explorer 11 with TLS 1.2 has been enabled in the Windows & Mac Operating Systems. You can notice that after May 31, 2018, to access the Intuit services all the connections in the QuickBooks must have these minimum system requirements.

Important Points to Remember

Things you need to be taken care of:

  • Always confirm that the QuickBooks is ACTIVATED or NOT by pressing key “F2” OR “CTRL+1”.
  • In case you see that QuickBooks is ACTIVATED then you are set. If not then jump to the activation.
  • If you get the error “The validation code is wrong” then confirm that:
    • Make sure that License and the Product number is correct. If in case the product number doesn’t match the license number then change the product number first before moving forward with the activation.
    • The validation code is right.

How to Register or Activate QuickBooks Desktop?

QuickBooks Desktop for 2016 and Later Versions

QuickBooks Desktop For Windows Computers:

Once you successfully installed the QuickBooks software, you need to activate it before getting started. A screen will appear to activate the software. You can also activate it manually with the below given steps:

  1. First of all, Open the QuickBooks and press the “F2” key on the keyboard.
  2. After the ‘Product Information’ window will open where the user have to check for the registration status at the right-hand side of the ‘License number’.
  3. You are good to go if QuickBooks reads ACTIVATED.
  4. In case, the QuickBooks is NOT ACTIVATED then follow the given steps below:
    • Select the “Ok” tab and it will close the ‘Product Information’ window.
    • Now, go to the “Help” menu and click on the “Activate QuickBooks” option (select Register QuickBooks for 2016).
    • Continue to follow the on-screen prompts and verify your details, and finish the activation process.
Register or Activate QuickBooks Desktop

QuickBooks Desktop For Mac Computers:

  • Open the QuickBooks and go to the “menu” tab.
  • Select the “Register QuickBooks” option.
  • Type-in the “License Number” and “Product Number” in the information dialogue box, and then select the “Next” tab.
  • Choose the “Register Online” option.
  • Follow the on-screen prompts and complete the registration (in case the register option doesn’t appear, it means the software is already registered).

For QuickBooks Desktop 2016 and Earlier Versions

  • Intuit has discontinued the older versions before to the 2016 version. However, discontinued products can’t be registered for the first time.
  • The re-registering of discontinued items is possible if they were registered previously and their re-installation is going through. If you need a validation code, you can also contact us to receive it (Note: Charges applicable).

Note: The discontinued products are no longer provided any support.

Issues that occur with registering or activating QuickBooks Desktop

  • In case of the entered information is not being accepted, then you should check and ensure that the information entered is same you provided at the time of purchase.
  • If you face blank screen or error message or any other technical issue, you can try disabling (temporarily) your antivirus.

I hope you found this article helpful to activate your QuickBooks desktop. However, if you face any difficulties while installing and registering this software then you can consult with our Intuit certified ProAdvisors team that can help you in your troubles.

Still have any queries? Don’t worry our QuickBooks support team is available 24*7 and can be reached at +1 800 880 6389. The professionals are highly experienced and capable to resolve all accounting issues in no time.

 

Related Articles