As the New Year approach's it is time to review your Accounting and use up your training budget to ensure you and your staff are getting the best out of their accounting system.
For 2023.. Go easy on yourself,
1. Find out exactly how to operate Quickbooks in the best way for you
2. Get regular up to date accurate reports on how your business is doing
3. Sort out all the problems that have been stopping you going forward
An update to the article below. Intuit have announced as expected that Quickbooks desktop is to end shortly and no further support will be given.
If you are now using Quickbooks Online and would like an updated training session then get in touch and we will assist you.
Quickbooks desktop programs , Quickbooks Pro, Quickbooks Premier and Quickbooks Accountant have been around for many years - over 20 years to my knowledge but are we now seeing the end of the desktop programs ?
The writing has been on the wall for some while, Quickbooks Enterprise the high end versions of the above programs was discontinued in the UK 2015, the payroll versions on the desktop versions Pro and Premier Accountant were discontinued as of March 2020.
It seems that in the UK Intuit is only now interested in the online versions of the program and support on desktop versions becomes much harder to get.
For example the Brexit changes for VAT, online was updated with new relevant VAT codes, the desktop version lagged well behind. The same is now true of the Domestic Reverse Charge for VAT for the construction industry. The online version is to be updated with new VAT codes ( albeit far too late effective 1st March 2021) - no time for dummy runs !! But the desktop versions rely on the users, or their Accountants to program their own VAT codes through a long complicated procedure.
Yesterday in my post I included a detailed link to the Quickbooks helpfile to enable you to update these new codes, if you do need help then contact us to book a training / assistance session.
But is it time to finally review your use of the desktop versions - no longer any good for payroll what are you keeping it for. There may be some valid reasons , but talk to us and see if you can transfer to the online version. If it cant be done automatically we can assist you in the process of manually posting forward the opening balances and importing the chart of accounts and customs and suppliers etc.
If you are considering switching your payroll then the end of the tax year is the best time to do so. As then there is no need to carry over all the individual in year figures which can be very complicated 1a, 1b, 1c, 1d, 1e etc.
So on the 6th April is a new tax year and thus it is the best time to transfer your payroll system. We can assist you in setting up in advance all the details to run your payroll on either the Quickbooks standard payroll or Quickbooks advanced payroll. We can then take you through a payroll run for the first time to ensure you are happy with how it all works. Just contact us to book in suitable dates.
I'm a Accountant that has dealt with many SME's ( Small and Medium sized Enterprises) over the years, in all aspects of Accounting, Business advice etc.