Thread: Quick Books
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Old 11-01-2017, 09:10 PM
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biglou biglou is offline
Sunburst Daycare
 
Join Date: May 2012
Location: New York, NY
Posts: 64
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Cat Herder

Been using QB for few years now. We also have the payroll add-on as we have employees too.

First, the items you mentioned are really going to be managed by your accountant and not any accounting software you choose to use.

QB is about tracking and managing your expenses, checking accounts, and optionally payroll and payments received.

Using an accounting program is a definite "pro" if you are caring for more than 6 children and having to account for multiple merchants you use for your supplies, etc... You can connect your checking account to the programs so it can download all the transactions to allow you to categorize accordingly so when you meet with your account for tax time, you are much better prepared.

You can talk to your account about this as if you decide to do it, you can get feedback from him/her to decide on the categories to organize your stuff under.

Best part about such programs is you can get an exact idea of the current state of your business financial state as long as you keep it current.

QB is great and they have an online version, which can connect to your checking accounts, business credit cards, etc...

Its great and we cannot be without it. We use the QB Online version, plus the payment processing for ACH & credit cards to get paid and the QB payroll system for our employees with direct deposit for them. No trips to the bank as all the transactions handled through the checking acct link!

Best

Big Lou
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