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April 30, 2021
Question

Fixing my disorganized employers Quickbooks, HELP

  • April 30, 2021
  • 1 reply
  • 0 views
I took over my employers QuickBooks in Oct, 2020. I am STILL trying to get things under control, and have not been successful. My employer set it up in 2018, and never once has done any reconciling, Year end tasks, Invoicing, bank transaction categorizing etc. His personal bank account is his business account, and I don't know how to set those transactions aside so they don't affect his Bank Balance VS his Quickbooks balance or his business spending. Right now its out by over 400K because of this. What can I do? Where do I start? I've been trying to just enter his invoices and at least his employee's data, but he has no desire to change the way he runs his business/ bank accounts. He wants it to somehow magically be fixed, and short of starting over completely I have no idea what to do. I have training in Sage accounting, but somehow Quickbooks is entirely beyond me, and I actually hate it but can't justify telling my employer to pay for more expensive software, when it will just end up as messed up as this one.

1 reply

April 30, 2021

Hi there userap1,

 

Making sure that your transactions are in order is important so that your books are balanced. QuickBooks Online is a great tool to manage multiple aspects of your business such as sales and expenses. I can point you in the right direction.

 

In order to help you with balancing your books correctly, I recommend reaching out to an accountant. Their knowledge in accounting as well as best business practices will be best suited to help you get your books back in order. If you have an accountant, you can invite them to your QuickBooks account by navigating to the My accountant, then enter their contact info to send them an invitation by email. If you're looking for an accountant with QuickBooks Online experience, you can click on the Find a pro to help.

 

Feel free to reach out here if you have any other questions.