12: Setting A Closing Date In QuickBooks Desktop And QuickBooks Online Prevents Accidental Bookkeeping Entries In A Prior Period
01/22/21 • 12 min
When you are a small business owner or bookkeeper recording transactions in QuickBooks Desktop or QuickBooks Online, it can be very easy to accidentally enter the wrong date...especially if you are recording a lot of transactions from the past or catching up on your bookkeeping. To make sure you don’t record any entries in a period that has already been closed, be sure to follow these steps to maintain the accuracy of your previously prepared financial statements. This is a tip I tell my clients about and many of them didn’t know this was available. They absolutely love it and it prevents them from entering incorrect dates. You don’t want to be entering a date in an incorrect period...especially if the tax return for that entity has already been filed for that time frame. Grab a notebook and listen in, I’m giving you all the details on setting a closing date in QuickBooks Desktop and QuickBooks Online...
Sign up for a FREE Discovery Call to go over your unique business start-up:
www.FinancialAdventure.com/Discovery
Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:
www.FinancialAdventure.com/StarterGuide
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
When you are a small business owner or bookkeeper recording transactions in QuickBooks Desktop or QuickBooks Online, it can be very easy to accidentally enter the wrong date...especially if you are recording a lot of transactions from the past or catching up on your bookkeeping. To make sure you don’t record any entries in a period that has already been closed, be sure to follow these steps to maintain the accuracy of your previously prepared financial statements. This is a tip I tell my clients about and many of them didn’t know this was available. They absolutely love it and it prevents them from entering incorrect dates. You don’t want to be entering a date in an incorrect period...especially if the tax return for that entity has already been filed for that time frame. Grab a notebook and listen in, I’m giving you all the details on setting a closing date in QuickBooks Desktop and QuickBooks Online...
Sign up for a FREE Discovery Call to go over your unique business start-up:
www.FinancialAdventure.com/Discovery
Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:
www.FinancialAdventure.com/StarterGuide
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
Previous Episode
11: Why 2021 Is The Best Time To Start An Online Virtual Bookkeeping Business
The need for bookkeepers for small businesses has really grown and the way business owners look at outsourcing their bookkeeping has changed over this last year. In today’s episode, I’ll be diving into why I feel this year is the best year to start an online virtual bookkeeping business. If you are a small business owner, you’ll find this episode helpful if you are looking to outsource your bookkeeping. There are so many reasons why I feel starting an online virtual bookkeeping business this year is in your favor. If you are either a virtual assistant looking to add bookkeeping to your current list of services, someone looking to add an additional income stream to what you are currently making, you are working a 9 to 5 and are looking for a change, or if you are just thinking this year is the year you should start your own business, listen in and find out the reasons I feel this year is the best year to take the leap and grow a successful online virtual bookkeeping business...
I am opening up a few mentorship and consulting sessions to help you start and grow your bookkeeping business. If you are interested in starting an online virtual bookkeeping business, this mentorship and consulting process will help you launch your business and get your first client. If you already have an existing bookkeeping business, these sessions will help you to move your business to the next level, and if you are a virtual assistant who wants to add bookkeeping to the list of services you currently offer, I can help you expedite the process and make sure you are taking advantage of all the best strategies to reach your goals. Go to www.FinancialAdventure.com/Discovery and we’ll set up a time that works for you.
If you are just getting started and you’re ready to set up your online virtual bookkeeping business, I created the Online Virtual Bookkeeping Business Starter Guide. You can grab this free and detailed checklist to get you on track and go over what you need to set up your online virtual bookkeeping business so that you can learn the fastest way to start making money from the very beginning at www.FinancialAdventure.com/StarterGuide
Sign up for a FREE Discovery Call to go over your unique business start-up:
www.FinancialAdventure.com/Discovery
Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:
www.FinancialAdventure.com/StarterGuide
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
Next Episode
13: The Difference Between Revenue And Profit ~ What A Small Business Owner Or Online Virtual Bookkeeper Needs To Know And How It Is Used For The New PPP Loan Second Draw
Understanding the difference between revenue and profit is crucial to a business’s success. They both show up on your income statement or profit and loss report, but they are very different numbers. Whether you are a small business owner or have an online virtual bookkeeping business, you’ll want to listen in today as we talk about what these differences are and why you need to know what each one represents. This is extremely important when looking at the new PPP Loan Second Draw qualifications. If you are a small business owner or if you are an online virtual bookkeeper, you need to know the difference so that you can make smart business decisions. Do not miss today’s episode especially if you are considering the PPP Loan Second Draw...
Sign up for a FREE Discovery Call to go over your unique business start-up:
www.FinancialAdventure.com/Discovery
Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:
www.FinancialAdventure.com/StarterGuide
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
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