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johnfteel
March 27, 2023
Question

Quickbooks Desktop 2023

  • March 27, 2023
  • 1 reply
  • 0 views

Well Quickbooks has done it again.  They are going to price themselves right out of the market.  Do you think every business makes lots of money  You are killing the small businesses and their accountants.

First off, the Quickbooks Accountant 2023 can't even bring the right total over for the bank balance and they say to do a journal entry to opening balance equity.  This is not the answer.  Do you know what equity is?  It should be what they have in the business.  Do you have equity in your house?  

Secondly, a small business was told to go to Quickbooks Enterprise when they were using Quickbooks Pro before.  Do you realize the difference in price to what they were originally paying for Quickbooks Pro 2020?

I know you want all the control, but people are going to start using a different software so they don't have to pay these exorbitant fees.  You need to figure something out fast!

1 reply

K
Kevin_C
March 27, 2023

I hear your sentiments, john. 

 

I wish you didn't have to go through all this while using the program. Rest assured that we'll pass along your experience here on my end to improve the experience we provide to QuickBooks Desktop users like you.

 

In QuickBooks, you need an organized and accurate chart of accounts to maintain correct financial records. Ensuring all accounts that impact your balance sheet have an opening balance is essential. QuickBooks also tracks all your opening balances for all your accounts in an Opening Balance Equity account. This makes it easy to go back and look at what you entered later on.

 

You can also work with your accountant to correctly bring in the total opening balances of your accounts using a journal entry.

 

Furthermore, upgrading from QuickBooks Desktop (QBDT) Pro to QBDT Enterprise would depend on the company's needs and business type. If QBDT Pro can do the tasks they need, upgrading the version won't be necessary. To ensure you have the correct business version, please refer to this link: https://quickbooks.intuit.com/desktop/.

 

Feel free to post again here in the Community for other QuickBooks-related concerns. Stay safe!

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