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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
8, January
2015

3 Major Benefits of Class Tracking

Business owners and financial managers have plenty of expenses to juggle from individual employees, teams, and departments. You have several accounts set up for your business, but the expenses don't seem to add up properly and they aren't giving you the insights you need. QuickBooks and other bookkeeping software have a section for class tracking, which gives you a way to add custom categories to each expense. This feature may not seem like a big deal at first, but it's quickly apparent how useful it is to keeping on top of your business's expenses.

1. Category flexibility.

You aren't limited to a single account for a particular set of expenses. If you want to get a company wide view of a specific set of expenses, such as per diem meals, office supplies, or inventory, assigning a class to these purchases in addition to an account provides you with valuable information. If it seems like spending is out of control and your expense accounts are running dry, it may be easier to figure out everyone in the office is taking clients out to fancy steakhouses instead of company-approved restaurants through classes than going account by account to figure out where the issue is.

17, October
2014

How to Read Your Company Snapshot in Quickbooks Online

If you are using QuickBooks Online for your accounting and bookkeeping, you should learn about the Company Snapshot.

2, October
2014

How Billing with Quickbooks Online Can Improve Cash Flow

Every bookkeeper knows that when a company has adequate cash flow, it provides multiple opportunities to lower.

25, September
2014

What You Need to Know: Recent Updates for QuickBooks Online

There is no denying that managing the financial end of a business takes some effort. Thanks to Intuit and QuickBooks.

25, August
2014

Accounting Education Series: Tips for Setting Up QuickBooks

Our clients don't worry about tips for using QuickBooks because they know we're on top of it for them. However,.

1, August
2014

August Accounting Back-To-School Education Series: QuickBooks Tips

The beginning of August is always bittersweet. As we head into the final month of summer, we feel the urge to.

 
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