Best QuickBooks Tips - Cut Time By Half: Centsless

Aug. 19, 2010 - PRLog -- This Best QuickBooks Tips - Cut Time By Half: Centsless is especially for those needing time and money saving shortcuts during these tough economic times. The Best QuickBooks Tips - Cut Time By Half: Centsless is not for those entering each check and deposit as they go. Use this Best QuickBooks Tips - Cut Time By Half: Centsless (round off penies) if you enter QuickBooks data monthly or less often. Start with this Best QuickBooks Tips - Cut Time By Half: Centsless accounting by working from bank statements, no checkbooks. Outstanding checks and deposits tend to even out over time. Also use this Best QuickBooks Tips - Cut Time By Half: Centsless by entering total bank statement deposits for the month as one sales deposit, at month end (split any non-sales amount).

The big difference between the Mike Block CPA Best QuickBooks Tips - Cut Time By Half: Centless accounting and what other CPAs do is that this recognizes that pennies are near worthless. They never even go on tax returns. This Best QuickBooks Tips - Cut Time By Half: Centsless rounds them. The Best QuickBooks Tips - Cut Time By Half: Centsless drops pennies of 49 cents or less and rounds them up for 50 cents or more. This lest the Best QuickBooks Tips - Cut Time By Half: Centsless. Few QuickBooks entries are more than $999.99. A QuickBooks Edit, Preference lets you enter 987 and get $987.00. A number like $987.65 takes seven keystokes, with the decimal and Enter. The Preference change lets $988.00 take four 4 keystokes, counting the Enter. It is that simple. Make up the diffrence by saying Reconciled, when doing bank reconciliations with differences of less than $50. That is too small to waste time finding. You can set QuickBooks to use your largest expense account, instead of Office and Misc. or Bank Charges to use this Best QuickBooks Tips - Cut Time By Half: Centsless more effectively.

The Best QuickBooks Tips - Cut Time By Half: Centsless can go even further to save time. Ignore amounts under $25. For the Best QuickBooks Tips - Cut Time By Half: Centsless, they are one step removed from pennies. Again, the Best QuickBooks Tips - Cut Time By Half: Centsless suggests you adjust these to your largest account as well, when doing bank reconciliations. There is a final suggestion for those who really want to save time with the Best QuickBooks Tips - Cut Time By Half: Centsless, as we do. Decide which account has the largest number of checks AND DO NOT RECORD THEM. Simply let that QuickBooks Reconciled adjustment take care of these and your other differences. This combination of Best QuickBooks Tips - Cut Time By Half: Centsless can really cut dar more time than half. I know it is not what you learned in school. However, if you do not use it I will be able to take your clients with lower fees. :)

This Best QuickBooks Tips - Cut Time By Half: Centsless procedure is not a tax cutting tip. It is strictly to save accounting time. IRS also does not approve this Best QuickBooks Tips - Cut Time By Half: Centsless. However, in almost 50 years of heavy IRS dealings, including 15 years of doing this Best QuickBooks Tips - Cut Time By Half: Centsless, I never heard of IRS making adjustments for insignificant differences like these.

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