For more than 20 years, QuickBooks has been helping businesses manage bookkeeping tasks such as sales, bill payment, payroll and even inventory. The strength of the software is that it’s easy to set up and user friendly. CPAs and their clients also have an easy way to collaborate through transfer and review of financial data.
There are some common mistakes and traps that QuickBooks users should be aware of in order to get the most from their bookkeeping efforts and QuickBooks reporting capabilities. Here are a few that can create a headache for both users and accountants.