Why QuickBooks is the “candycrush” of accounting softwares!



In my 20 years in international accounting, I have worked with the most complex accounting, tax, finance and consolidation systems with their own obscure language and tortuous set of rules. It would usually take me 2 to 3 months of training to become a confident user.


And at the opposite end of the spectrum is QuickBooks (QB)!  QB is so easy to use that you do not need to have an accounting background to keep your books.  All you need is basic computer knowledge and a general understanding of the transactions flow and financial terminology of the software.


As a QuickBooks Pro-advisor I provide training to new business owners on QB. Some of them have never kept books but yet after my QB introduction session they are able to perform basic bookkeeping tasks.  With time, they start enjoying using the software and visualizing the performance of their business!
So caution:  just like candy crush, QB is so user friendly it can become addictive!


The secret to QuickBooks is:


The key to accurate financial statements in QB is the
upfront set up work. Before any bookkeeping is done, your QB Pro-advisor will configure your company’s settings and customize the chart of account, the items and the ledger to the specifics of your business so that the accounting output is accurate.



Did you know?


You do not need to know double entry bookkeeping to use QB. The software will create the accounting entries in the background for you. For example, when you enter a check in QB , the software creates the double entry: a debit to an expense account and a credit to the bank account. At any time, you can view these background transactions by selecting:
1. in QB desktop: select the transaction / select “reports” / select “ transaction journal”
2. in QB online select the transaction / select “more” / select “transaction journal”



Get started now with my QB introduction session!


Are you starting a new business or are you new to QuickBooks and looking to get started the right way? Contact me now for a
2 hour introduction session. The session includes setting up your company file and providing a basic training on the most frequently performed tasks in the software. It is a hands-on & interactive session so be prepared to drive!



Published 11/11/15

QuickBooks tip of the month!