With over 4.5 million users world wide, QuickBooks is the leading software choice for small businesses. QuickBooks is popular in large part due to how easy the program is to learn. You do not need to have an accounting degree, or for that matter really understand all accounting concepts to use the program. For this same reason, QuickBooks can allow for some very interesting things to occur.
BHT&D Certified Public Accountants Blog
A common mistake I see users of QuickBooks make is how debt or loans are recorded in QuickBooks and how payments are made to that debt. This article will assist QuickBooks users in correctly recording both the original transaction that generated the loan and new asset, as well as recording the loan payments subsequent to the purchase date.
Many of today's businesses involve activities in multiple areas. In a retail environment, this might involve food sales versus non-food sales.
I have officially completed one year as a full time staff accountant at BHT&D CPAs. During this year, I have been able to develop the skills originally cultivated during my internship and have taken on more areas of public accounting.