how do i reinstall quickbooks small business accounting

QuickBooks, for example, includes an inventory feature and a fixed asset tracking system. Also, if you need to use accrual basis accounting to accurately measure your business profits, or you need to keep detailed records of what the business owns and what it owes, you need QuickBooks.įinally, if you need to keep detailed records of anything besides cash, you need QuickBooks. If you need more forms-customer receipts, purchase orders, customer statements that show finance charges, and so on-you need QuickBooks. But Quicken works really well for service businesses-especially small service businesses. This means that it doesn’t work for businesses that own inventory. When you need to use QuickBooks instead of Quickenįor all practical purposes, Quicken produces only two business forms: checks and invoices. If you think about these tasks and then the requirements of your business, it’s pretty easy to choose the winner in a Quicken vs. Stated most simply, your accounting system should perform (and perform well) three easy-to-understand tasks. In other words, your accounting system should be able to tell you with a mouse click how much money you have in the bank, which customers owe you money, and what inventory you’ve got stocked on the store, warehouse, or shop floor. Your small business accounting system should allow you to keep appropriately detailed records of the assets and liabilities of the business.Your small business accounting system should produce the business forms-checks, invoices, customer statements, and so on-that you need again and again in your business.the bank, your partners or investors, the Internal Revenue Service) accurately measure your financial condition. Your small business accounting system-whatever it is-should let you and other people (e.g.To start, note the three basic tasks that a small business accounting system does (or is supposed to do): Since Steve, the firm’s founding CPA, is the author of both Quicken for Dummies and Quickbooks for Dummies, we can probably provide some useful information on the Quicken vs. Small business owners frequently ask us, “Can I use Quicken or do I have to use QuickBooks for my business?”

How do i reinstall quickbooks small business accounting