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Accounting 101 For Small Business

By Linda J Baldridge
©2005-2011 Linda J Baldridge-BIZ USA INC.

Accounting can help your business in many ways: by reducing errors, saving time, organizing customer data, streamlining payroll and giving you a complete view of your company's financial status. With a clear picture of your financials, you can make smarter business decisions.

Ask yourself these key questions before choosing a accounting system:
  • Can it scale or upgrade if my business grows?
  • Is it easy to learn and easy to use?
  • Does it have all the features I need?
  • Will it run on my computer?
  • Will it work on my office network?
  • Does the vendor offer online and phone support?
  • Is the price right for my needs?

Accounting software such as Quickbooks Pro is an application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance. It functions as an accounting information system.
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Accounting software such as Quickbooks Pro is typically composed of these

Functional Modules-
  • Accounts receivable - where the company enters money received
  • Accounts payable - where the company enters its bills and pays money it owes
  • General ledger - the company's "books"
  • Billing - where the company produces invoices to clients/customers
  • Stock/Inventory - where the company keeps control of its inventory
  • Purchase Order - where the company orders inventory
  • Sales Order - where the company records customer order for the supply of inventory

Non Functional Modules
  • Debt Collection - where the company tracks attempts to collect overdue bills (sometimes part of accounts receivable)
  • Expense - where employee business-related expenses are entered
  • Inquiries  - where the company looks up information on screen without any edits or additions
  • Payroll - where the company tracks salary, wages, and related taxes
  • Reports - where the company prints out data
  • Timesheet - where professionals (such as attorneys and consultants) record time worked so that it can be billed to clients
  • Purchase Requisition - where requests for purchase orders are made, approved and tracked

Quickbooks Pro is owned by Intuit, they offer a wide variety of financial and accounting software
such as;

  • Simple Start Plus Pack...Simplest way to track sales and expenses!
  • Quickbooks Pro...Organize business finances all in one place, quickly create invoices & reports.
  • Quickbooks Premier...Monitor business performance easily manage customer, vendor & employee info, accounting tools tailored to your business.
  • Enterprise Solutions...Solve industry-specific needs, advanced reporting and inventory management, most user and data capacity, 12 months of support and upgrades included.
  • Quickbooks Online...Anytime, anywhere Internet-based solution lets you do business from anywhere with anyone..

Order your online accounting software now! www.quickbooks.com












BIZ USA Online provides small business resource guide for new entrepreneurs and a business directory for business websites, business owners.
Who is BIZ USA Online? BIZ USA Online is a free small business advertising agency and resource center, founded by a women entrepreneurs for entrepreneurs. We created this site to be your resource center for articles about starting your own business and becoming a fist time entrpreneur, advertising agency for small business solutions. Inside our site you will find tips and suggestions on how to get started owning a business, practical information to help you grow your business from an idea to an actual business model. At BIZ USA Online we offer a free business directory to advertise your small business listing, you are more than welcome to signup here for a small business listing. BIZ USA Online:: Monroe, WA::  Small Business Resource Guide, Small Business Advertising Agency, Entrepreneur Resource Guide, Small Business Tips, Idea Into Reality, Free Business Listing, Free Advertising For Small Business, Small Business Directory, Small Business Domain Names, Small Business Plans, Business Startups, Business Consulting Firms, Business Structures, Small Business Financing, Legal Requirments, Product Market Research, Advertising & Marketing Your Small Business, Managment of Small Business

©2009 BIZ USA INC. All Rights Reserved.