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Showing posts from January, 2022

Quickbooks Period Copy for CRA Audit

 Your QuickBooks data file becomes a very important aspect when it comes to CRA audits. So, whenever CRA requests a copy of your QuickBooks data file to perform their audit , you must submit it without fail. In addition to that, a QuickBooks periodic copy will be required for various legal and other purposes. You will require a QuickBooks period copy when you sell a business and want to provide a data file that comprises data within a specific period only. If you are in need of creating a QuickBooks period copy and you need to get it done faster and accurately, the best approach is to hire a professional. A QuickBooks period copy will be required when it comes to CRA file submissions, selling a particular business, creating a new business company file, facing legal disputes, divorce situations, and so on. A period copy will comprise the transactions that are taken place within a specific period (and that’s why it is called a “Period Copy”). After creating a period copy of a Qu...

Localized versions QuickBooks designed for use in countries other than the US do not come with the same functionality as the US for small businesses.

  QuickBooks US and Canada may go by the same name but vastly differ from each other. For example with QuickBooks Canada, to represent the country’s national languages, QuickBooks has a French language version. Even if your customers do not speak French, you can make invoices in 6 languages: English, Canadian French, Spanish, Italian, Traditional Chinese, and Brazilian Portuguese. Oddly, QuickBooks US is only available in English. Canada and the US are known to handle taxes differently. The U.S. has a sales tax whereas Canada has a sales tax plus a goods and services tax (GST). Its application in QuickBooks is also different, whereby the U.S. tax system associates taxes with the customer, while the Canadian system associates taxes with the item. QuickBooks USA offers a series of advanced reporting add-ons. The same is not available for QuickBooks Canada users. QuickBooks USA and QuickBooks Canada have four price plans: Simple Start, Essentials, Plus, an...

QuickBooks Enterprise to QuickBooks Pro downgrade

  QuickBooks Enterprise offers end-to-end accounting solutions without the need for ERP implementation. It is exclusively designed for expanding businesses and non-profit organizations, QuickBooks Enterprise provides a dedicated accounting platform to integrate tasks like payroll, payables and inventory tracking. QuickBooks Enterprise lets you add more users – up to a maximum of 30 users – and is available in 1-10 user, and 30-user licenses. You can add users up to a 10-user license. If you currently have 10 users, you can upgrade to a 30-user license. Complex processes and features include advanced pricing, payroll, and inventory tracking. Also added are more data capacity, more sophisticated inventory management, and multiple entities support along with the same feature set consolidation and same navigational scheme and user interface found in other Intuit’s products. Because QuickBooks Pro is built upon a smaller version of the Sybase database than Enterprise, there are...

QuickBooks Super Condense Service

  When you use a QuickBooks file for a pretty long time, it can become large and heavyweight. Eventually, it can slow down the performance of the file. Those files tend to crash often, get delayed in saving transactions, show delayed access, be very slow in running reports and so on. So, the most productive way to address this issue is by SuperCondensing it. QuickBooks files face various problems frequently. QB files usually retain all the details related to the entries and changes you make. For instance, it may retain data like report settings, audit trails, temporary data, garbage data and so on. This additional data can accumulate over time. In a nutshell, the more the entries you make, the larger the size of the file. So, after some time, you must take the appropriate actions to get rid of this temporary data and reduce the file size. What exactly SuperCondensing is? SuperCondensing  is a service in which the size of a QuickBooks data file can be sh...