Top Quickbooks Mistakes and How To Fix Them

Are you a small business owner who finds themselves overwhelmed with day-to-day accounting tasks? Perfect Balance Bookkeeping and Tax Services is here to help! We specialize in QuickBooks bookkeeping and offer comprehensive accounting and bookkeeping services to keep your finances organized.

We understand that managing the books can be time-consuming, and QuickBooks can be overwhelming! Our bookkeepers know the ins and outs of this powerful bookkeeping software, and in today's blog post, we're sharing a few QuickBooks mistakes and how to fix them. Continue reading to learn more, and contact us today to schedule a consultation.

Missing Transactions

Sometimes, you'll find that transactions have been entered into QuickBooks but skipped over when they were reconciled. The best way to fix this is to go back and review the original paperwork or source documents for the transaction in question. You can then update your QuickBooks bookkeeping records accordingly.

Incorrect Accounts

Do you ever find yourself confused as to why you're seeing certain numbers in QuickBooks? It could be because incorrect accounts are being used. To fix this, check all the accounts associated with the transaction and make sure they are correct.

Duplicate Transactions

Duplicates can sometimes occur when entering transactions into QuickBooks. A quick way to identify if there are duplicates is to run a report. If the same transaction appears multiple times, then you have a duplicate that needs to be removed.

Incorrect Payment Allocation

If customers are paying for more than one invoice in one payment, it's important to make sure that the payment is being allocated correctly. To avoid mistakes, double-check the payment allocation and make sure it matches the original documentation.

Request Outsourced Bookkeeping Services

At Perfect Balance Bookkeeping and Tax Services, our bookkeepers are experts in QuickBooks and can help you navigate this powerful software. We understand how important it is to have accurate records for your small business, so don’t hesitate to contact us today for more information about outsourced bookkeeping and our accounting services. We look forward to helping you keep your finances organized!

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