QuickBooks Accountant Edition 2013: 8 common data entry errors

By Jake Martin

1 min read

 

 

In this series we delve deeper into some of the great timesaving tools and features in QuickBooks Accountant Edition 2013.

With Client Data Review, you can find and fix client entry errors faster – you can fix common data entry errors in batches all from a single window

1. Fix incorrectly recorded VAT payments

Identify multiple transactions that appear to be VAT payments but were not recorded with the Pay VAT function then turn them into VAT payments with just a few clicks.

2.  Write off invoices

Write off uncollectible invoices to the account of your choosing.

3. Clear up undeposited funds

Find deposits that were created manually, then quickly link them to undeposited payments to clear out undeposited funds.

4. Reclassify transactions – quickly reclassify hundreds of transactions from a single window.

Find a batch of transactions that may have an incorrect account and reclassify them into the correct account, instead of doing them one by one as you had to do in the past.

5. Troubleshoot stock

This tool contains several views of potential stock problems. Status columns help identify irregularities in stock, such as negative quantities or items that are out of balance.

6. Review list changes

Easily identify added, changed, deleted or merged list items from the previous review period.

7.  Troubleshoot prior account balances

Displays the differences in ending account balances from your records for the previous period and suggests adjusting entries to them.

8. Fix unapplied customer and supplier payments and credits

Identify and apply unlinked payments and credits to the appropriate customer invoices and supplier bills.

QuickBooks ProAdvisors get a free copy of QuickBooks Accountant Edition with their subscription. Find out more about the ProAdvisor Programme.

Find out more about the timesaving tools and features in QuickBooks Accountant Edition 2013.

Are you using QuickBooks Accountant Edition yet? Do you have any questions or feedback?

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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