Knowledge Base

Are you new to QuickBooks, or having trouble using the software? In this handy guide, we address some of the common accounting terms used by QuickBooks as well as how to resolve some accessibility and how-to issues.

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Glossary

You may have encountered these common accounting terms in QuickBooks:

Accounts Receivable

Money owed to your business for goods and services that have already been provided or rendered.

Accounts Payable

Money your business owes to vendors that have delivered the agreed upon goods and services.

Cashflow

The movement of money in and out of your business. Income is considered cash inflow while expenses are cash outflows.

Assets

Resources owned by your business that can be liquidated. Current assets are those that can be converted into cash within a year.

Liabilities

Debts owed by your business. Current liabilities are debts that are due within a year.

Equity

The net worth of your business after deducting your current liabilities from your current assets.

Accessibility Issues

Some users encounter accessibility issues when installing QuickBooks. Let us show you how to easily resolve them:

Installation Issues

If you are unable to install QuickBooks, it could be that your Microsoft Windows has not been updated to the latest version or some components are missing. This can be resolved by visiting Microsoft’s website and downloading the missing or outdated components.

Registering

When installing QuickBooks for the first time on any device, you have to first register or activate your account.

Trouble Accessing QuickBooks Enterprise

If you are using QuickBooks Enterprise, you will need to download the software with the right configuration to enable all users to assess it.

QuickBooks How to Issues

Wondering how to get started with QuickBooks? Here are some simple tips that will prove to be invaluable:

Familiarize yourself with the dashboard

QuickBooks’s dashboard is designed to be interactive, showing you invoices, sales, expenses and more when you click on a client’s account.

Configure the settings to fit your business

When installing QuickBooks for the first time on any device, you have to first register or activate your account.

Connect bank accounts and credit cards

Enable your business to receive funds straight from clients’ chosen payment methods when you connect their bank accounts and credit cards.

Enable recurring transactions

If you have clients on a regular payment basis, automate recurring invoices to save on time and prevent human error.

Contact Fourlane for QuickBooks Consulting Services

At Fourlane, we are committed to ensuring that your QuickBooks implementation fits perfectly with the needs of your business. That is why we take the time to listen to your unique needs and understand the limitations of your current system before recommending the most suitable solution for you. To this end, Fourlane has been named Elite QuickBooks Solution Provider by Intuit in every year since 2010 and has a wide range of satisfied customers across various industries.

If you have further questions or concerns about QuickBooks accessibility and/or how to use the software, feel free to contact us today. Our hotline is 1 (800) 931-2120.