How Outsourced Accounting Saves Time and Money for Small Businesses In a modern and fast-paced business environment, the management of finances correctly is crucial for the success of small agencies. Paysquare Accounting Services is familiar with this need and gives complete outsourced accounting solutions that help businesses and companies save money and time whilst ensuring financial accuracy and compliance. https://paysquare.com/how-outsourced-accounting-saves-time-and-money-for-small-businesses/

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How to record a bounced check in QuickBooks Online How to record a bounced check in the QuickBooks Online application, to enter a returned check, click on the Banking tab then proceed to the Record Payments option and search for the payment made that was later withdrawn or returned. You could void or correct the payment in question. Thereafter, incur an expense that captures any NSF (non-sufficient funds) services levied by the bank to which you wish to account charges like Bank Fees and fill in the charge. Lastly, confirm the entry. The benefit this provides is that helps to ascertain the integrity of the records, hence the maintenance of the system and the timeliness of the bank reconciliation procedures. This however calls for strict procedures and discipline in the entries made and any errors on the payment linkage or fee classifications may cause a variance in the accounting records. visit here:https://www.wizxpert.com/how-to-record-returned-or-bounced-check-in-quickbooks/

How to change the beginning balance in QuickBooks To adjust the opening How to change the beginning balance in QuickBooks take the following actions: Open QuickBooks first and go to the Company option from the menu. Then, choose Make General Journal Entries. In the journal entry screen, type in the date of the new balance then debit the opening balance account. Remember, the total debits and credits should be equal to the starting balance that you provided. Alternatively, you can change certain particular accounts like bank or equity accounts depending on your changes. After you’ve finished, remember to save and edit the entry. In QuickBooks Online, click the Settings gear icon, click Chart of Accounts, and click the Begin balance edit option for the respective account. Changing the beginning balance brings advantages that include proper reporting of the financial information and the smooth flow of the reporting system over time. One disadvantage, however, is that it can disturb the accounting records and compromise the pricing of goods and services if there are unnecessary alterations. Always proofread the entries to prevent any form of complications when there are changes in the starting balance in QuickBooks. visit here:https://www.wizxpert.com/record-opening-balance-in-quickbooks/

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