Update: This article was last updated on 18th Dec 2018 to reflect the accuracy and up-to-date information on the page.
As one of the best accounting software in the market, QuickBooks is used widely by CPAs, Small and Medium Businesses (SMBs), and Enterprises as a one-stop solution for all their accounting needs. QuickBooks, a product of Intuit, offers a variety of functions from managing invoices, transactions, inventory, payments, and more.
Although QuickBooks is an easy-to-use software with a user-friendly interface, there are certain features that can be confusing for first-time users. As accounting requires paying attention to fine details, some of the mistakes can prove fatal if not rectified. Some of these include not backing up your data, not reconciling your bank account, among others.
Whereas, some mistakes like not using keyboard shortcuts or not upgrading to the latest version can hamper your productivity in the day-to-day operations.
The following infographic illustrates the five most common mistakes users tend to make when using QuickBooks. Make sure you avoid making them for an optimized QuickBooks operation.
When hosted on the cloud, the QuickBooks Desktop software is integrated with additional features like remote access, scalability, multi-user collaboration, add-on integration, and more.
But you have to refrain from making some mistakes if you are hosting your QuickBooks data on the cloud. Firstly, you should not keep a weak password for logging in to your server. Weak passwords can be hacked easily. Secondly, you have to ensure that the cloud provider implements data encryption at his end. If not, please implement encryption at your end to ensure secure transmission of data.
Are there other common mistakes that users make with respect to QuickBooks? Do let us know in the comments section.
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