Book Image

Professional Tips and Workarounds for QuickBooks Online

By : Ashley Beetson
Book Image

Professional Tips and Workarounds for QuickBooks Online

By: Ashley Beetson

Overview of this book

Accountants and bookkeepers can sometimes face challenges while coming up with solutions to help their clients. QuickBooks Online, a popular cloud accounting software, comes with a wide range of tools that can take time to learn. This book will show you how to properly combine the tools available in QuickBooks to get the most out of this software. Complete with step-by-step explanations of essential concepts and practical examples, the book will begin by helping you understand how to create opening balances for a new company. You'll then discover essential bookkeeping and accountancy tips and tricks, and find guidance to help make QuickBooks as easy to use as possible. As you advance, you'll explore different scenarios in which QuickBooks Online can be used for various business types. This will help you understand that not every business is the same, but using the wide range of functionalities QuickBooks Online offers, you can customize solutions to really make it work for you. By the end of this QuickBooks book, you'll have gained deep insights into how you can use QuickBooks Online to work for different business types, and you'll have a complete checklist of the different things you should be doing when you start reviewing accounts ahead of tax season.
Table of Contents (16 chapters)
1
Section 1 – General Tips and Shortcuts
4
Section 2 – Adapting QuickBooks Online to Suit Different Business Types
10
Section 3 – Reviewing and Reporting Data in QuickBooks Online

Purging a QuickBooks company

Purging a company that's been set up in QuickBooks gives you the option to start over. Purging a company will remove all the data that is currently in place.

If mistakes have been made when setting up a company in QuickBooks, too much time can be wasted trying to correct them all. In such a scenario, starting from scratch can be the easiest option. Purging a company allows us to do so without having to sign up for a new subscription.

There are some limitations to using this option and they will vary, depending on the region you are working in. In some countries, it is not possible to purge a company if it has been in use for more than 30 days, while in others, you may have up to 90 days to purge a company. However, if you find that you are unable to purge a company, there are other options:

  • Contact the Intuit QuickBooks care team; they may be able to purge the company for you.
  • Cancel the current subscription and start another.

    Note...