What Do Uncategorized and Ask My Accountant Mean in QuickBooks?

QuickBooks is one of the most popular accounting software. It is intuitive, user-friendly, and loaded with many helpful tools and features. One of the most important features of QuickBooks is the QuickBooks chart of accounts which is a list of all your company’s accounts. Uncategorized is a category used to keep track of the transactions that haven’t been assigned an account on your charts. Previously titled, Ask My Accountant, Uncategorized now serves the purpose of labeling transactions in question. To ensure efficiency in your bookkeeping, it is important to review and audit uncategorized transactions in your accounts. Here are a [...]

What Are Bookkeeping Services? A Simple Explanation

Bookkeeping can be a complex and time-consuming process. No wonder business owners may find it tedious and overwhelming to keep up with their bookkeeping. If you decide to keep your books yourself, you may overburden your teams without even realizing it. Moreover, it's highly likely that your employees will make costly bookkeeping mistakes. Instead of trying to do the bookkeeping yourself, outsource it to an accounting and bookkeeping firm in Santa Rosa. A bookkeeping firm will manage your business's financial reporting and save you the costs and headaches of hiring and managing an in-house team. Professional bookkeepers know the ins [...]