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    QuickBooks

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    Recordkeeping for a Home-Based Business

    By Frank Ross

    A home-based business just like any other business needs to keep good records, especially good accounting records. Unless you are an accountant

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    yourself, you will probably want to use the services of a professional accountant, preferably a CPA.

    You don´t need to have the services of a CPA all the time; just when the

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    taxes are due. In the meantime however, you´re responsible for the day to day recordkeeping. The bookkeeping software of choice for most home-based and small businesses is QuickBooks. This software can handle a

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    wide variety of business transactions and most accountants are already familiar with QuickBooks. When it comes time to have your taxes done, you can simply select a menu option to create an Accountant´s

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    Copy - and send that off to your Accountant!

    Most professional accountants can assist you in setting up your QuickBooks file and they can recommend procedures that will keep your business out

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    of hot water. Problems with the IRS and other government authorities can be avoided by good recordkeeping and solid accounting practices.

    Don´t be afraid to enlist the assistance of a professional accountant

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    and professional tools such as QuickBooks. For the home-based business, using professional resources can free up your time so that you can focus on your business.

    Frank Ross is a 20+ year

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    veteran of the Information Technology industry. He has worked in corporate America at various management and administrative levels, but for the past few years has struck out on his own - from his

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    home. He owns and operates 3 product-based e-commerce websites and manages several others.

    Article Source: http://EzineArticles.com/?expert=Frank_Ross

    Abstract from Quickbooks White Paper.

    Find it on

    quickbooks.intuit.com/commerce/catalog/product.jhtml?view=what_whitepaper&lid=left_nav&prodId=prod0000000000007994344>

    Introduction to Accountant

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    Edition 2006

    In 2002, for the first time, the QuickBooks team created a version of QuickBooks software exclusively for accountants. The new accountant-specific product was spurred by the observation that accountants used

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    QuickBooks differently than small business owners. Specifically, the team observed that accountants used QuickBooks to do bookkeeping or perform write-ups for their small business clients. In addition, accountants often used QuickBooks to open

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    their small business clients´ QuickBooks files, so they could review the data and produce financial statements or prepare tax returns.

    Prior to 2002, using QuickBooks for these accountant-related purposes was frustrating and

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    inefficient. Over the past three years, the QuickBooks team has focused on producing software that adds functionality to aid accountants in performing these tasks more efficiently, whether they are doing write-up or reviewing

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    their clients´ files in preparation for taxes. At the same time, the QuickBooks team has made sure to maintain the small-business user interface and functionality so that accountants only need to learn one

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    product to effectively support all their QuickBooks clients.

    Today Accountant Edition 2006 has evolved into a full-featured suite of bookkeeping, write-up, and financial reporting tools. Accountants who perform write-up or bookkeeping work

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    can now use the Accountant Edition to do all their tasks, whether their clients use QuickBooks or not. For clients on QuickBooks, Accountant Edition is the only product accountants need to support them.

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    The product is compatible with the whole range of QuickBooks 2006 financial software, including Simple Start, Pro, Premier, and industry-specific editions of Premier. Files can be opened, modified, and sent back to any

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    QuickBooks 2006 edition. (The only Windows desktop products Accountant Edition does not support are the editions of Enterprise Solutions.)

    In addition, Accountant Edition 2006 contains working versions of QuickBooks 2006 editions -

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    Simple Start, Pro, Premier and Premier industry-specific editions of Premier (Contractor, Nonprofit, Manufacturing/Wholesale, Retail, and Professional Services) . Accountants can use the Toggle feature to switch between these 2006 programs to better support

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    clients on these editions, while learning about the special functionality offered by these products.

    Copyright © 2005 Intuit, Incorporated



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