Have you been using QuickBooks for a while, but when you open it up, something may feel off? 🙄

It comes down to this.

QuickBooks may never have been set up right from the beginning, and that’s more common than you’d think.

Let me walk you through the five signs to check, so you know exactly which areas of QuickBooks you need to be revisiting.

Why Your Bank Balance Doesn’t Match QuickBooks

This is usually the first sign something’s off.

Your actual bank balance and your QuickBooks balance just don’t line up, even after you reconcile.

That usually points to duplicate transactions, entries that never got added, or something entered wrong along the way.

 

Signs Your Profit and Loss Doesn’t Look Right

Pull up your profit and loss and look at your accounts one by one.

If income looks too high, or expenses are showing up in strange places, that’s worth a second look.

This one usually traces back to a chart of accounts problem, or transactions landing in the wrong category.

 

A Pile of Uncategorized Transactions in QuickBooks

If “Uncategorized” or some kind of catch-all category is doing most of the work in your books, your reports can’t actually tell you much.

The fix is getting transactions into real, meaningful categories, ones that reflect what’s actually happening in your business.

 

Feeling Afraid to Touch QuickBooks

If you hesitate every time you go to enter something, worried it’ll come out wrong, that fear is rarely about you.

It’s almost always a sign the foundation underneath isn’t solid yet.

Once that gets fixed, the fear usually goes with it.

 

When Your Accountant Fixes Your Books Every Year

If your tax professional has to go in and clean things up before they can file, that’s worth paying attention to.

I explain exactly what this usually means, and what it’s costing you, in the video above.

I walk through all five of these with real examples on screen in the video above, so make sure to watch it for the full picture.

 

 

Looking for another video in this series? Click the link below.
“Chart of Accounts: Why Yours May Be Wrong”
“How to Fix Bank Reconciliation Discrepancies in QuickBooks Online”
“QuickBooks Modern Reports Explained: The 3 Reports Every Business Owner Should Check”

 

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If you’re overpaying your accountant, afraid to make mistakes, or just don’t know where things should be categorized.

Come join me for a free workshop on Customizing QuickBooks around your business.

We’ll go through where your report titles come from and how to start using QuickBooks as a real decision-making tool, not just something you dread opening.

Save your seat here: https://canduskampfer.com/learn

 

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Now I want to hear from you.

Which of the three ways are you using right now, and is it working for you or making more work?

Tell me in the comments. ⤵️

#CandusKampfer