QuickBooks is an accounting software developed by intuit, an American software company. It was launched in 1983. This software is made for small and medium-sized businessmen. This software performs many tasks like business payments, managing and paying bills, and payroll bills. Initially, this software was popular among small business owners who didn’t have any formal accounting training. QuickBooks Desktop 2022 has introduced many new features. In this article, we will discuss How to set up QuickBooks Desktop 2022.
However many accountants were not satisfied with this software, therefore many changes were brought to this software. New features such as batch transaction, bill tracking, continuous feed label printer support, batch delete/void transaction, etc. were introduced later. Gradually many more features were added from time to time in it. QuickBooks software application proved to be very beneficial to business owners or users who lack an accounting background as it is very easy to use and understand.
Web-based features in QuickBooks Desktop 2022
- Electronic payment functions
- Remote access capabilities
- Mapping features
- Remote payroll assistance and outsourcing
- Online banking and reconciliation
- Better mail functionality with Microsoft Outlook
QuickBooks accounting software has many functions. Some of them are discussed below:-
Create and track invoices: – using QuickBooks, the user can create invoices and print them and email them to his customers.
Keep track of bills and expenses: – QuickBooks keeps track of bills and expenses by linking your bank account and credit cards with QuickBooks so that all of your expenses could be calculated and categorized easily.
Print financial statements for your business: – QuickBooks helps in managing inflow and outflows activities. You can print financial statements that provide information about business performance. The three financial statements in QuickBooks are
- Profit and loss record
- Balance sheet report
- Statement of cash flows
Track employee time and expenses
Payroll:- running your payroll by QuickBooks will allow you to do the following tasks:-
- Pay employees with a check or direct deposit
- Calculate federal and state payroll taxes automatically
Track inventory: – QuickBooks can track the quantity and cost of your inventory. QuickBooks can also remind you to order inventory automatically.
Simplify taxes: – the most important work that QuickBooks does is to simplify tax time for your small business. It is very useful in preparing a tax return.
Scan receipt: – QuickBooks allows you to attach a receipt to the corresponding banking transaction. You can upload an unlimited number of receipts to QuickBooks online.
What’s new in QuickBooks Desktop 2022
Well, there are several methods to set up QuickBooks Desktop 2022 that can be found online. We’ve included a handful of them below that are certain to help.
advanced 64-bit processing power
With QuickBooks Desktop 2022, a 64-bit processor may be used to its maximum potential. Find out how this enhances performance and stability. With a quicker, more dependable QuickBooks, you may do your accounting responsibilities more quickly.
Faster bill payment and planning
With QuickBooks Desktop 2022, you can plan and pay bills via bank transfer, credit card, or debit card. Vendors are paid via physical check or bank transfer.
uploading files
Directly uploading documents through the QuickBooks Desktop mobile app will allow you to attach them to transactions more quickly.
Immediate deposit
When clients pay you, you immediately receive the money. even on weekends, holidays, and late evenings.
links to payments
Send a payment link to quickly and easily collect payments for purchases that don’t need an invoice.
Conclusion!
In case, the above methods are unable to fix the problem and you still facing errors in QuickBooks Desktop 2022, then feel free to consult with our experts via chat. Our QuickBooks error support agent provides instant solutions in your critical technical situation. We will happy to help you.
Read Also:
How to use QuickBooks Data Services?
How to Change SUI tax rates in enhanced or standard payroll?
