Frequently Asked Questions - Accountant Squad

Frequently Asked Questions On Outsourcing Bookkeeping

1Will you be able to convert QuickBooks Enterprise to Online?

A Quickbooks Enterprise accounting tool owner gets access to some of the most unique & useful features that are not available with QuickBooks Online. But, if one wants to change from Enterprise to Online version, he can follow the below given instructions to do so:

» First, one would need to subscribe to QuickBooks Online.

» Afterwards, you need to prepare a backup for your QB Enterprise files. Then, you will need to restore the backup to make a second copy. This way if anything goes

wrong in the process, you have at leat the original copy secure with you.

» Next, within the home screen, open QB Enterprise Solutions.

» Afterwards, you need to press Ctrl+1 to make Product Information Window open.

» Now press Ctrl+b followed by Ctrl+q.

» Click on the OK button now to close the window that contains Product Information.

» The screen in the bottom will automatiocally come up. If it does not happen, repeat Step 2 once again.

» Now, put in your QuickBooks Online login information and then click “Agree” on the page where it states all the terms & conditions related to the mentioned service. Then click Submit.

» Now choose the online service provider firm to which you would like to subscribe to, and would import your data into.

2Is this possible to use QuickBooks on two computers?

Yes, it is possible. In order to use Quickbooks on two systems, you willl need to connect both systems to the same network and will need to ensure that the installation process has been carried out appropriately on both the systems. Otherwise, it will lead to making you work more, as you will have to uninstall QuickBooks on both the PCs and then will have to reinstall with the correct procedure once again.

After you are done till here, the primary PC will have the company files saved in it which can then be synced with other computers.

3Is Quickbooks accessible from a remote location, or when I am abroad?

QuickBooks has launched its new version recently called QuickBooks Online that works on Cloud-Support. Having access to cloud sservers allow you access to your QuickBooks Tool on your fingertips from any location in the world. It allows you the luxury of working remotely on your business financial books from literally anywhere in the world, where high-speed internet connectivity could be found.

4What are the system requirements for QuickBooks 2018?

Intuit has released QuickBooks 2018 recently, and people are really intersted in knowing the system requirements for it.

Operating Systems Compatible With QuickBooks 2018:

» Microsoft Windows Server 2011 R2.

» Windows Server 2012 R2.

» Windows Server 2008 R2 SP1.

» Windows Server 2016.

» Windows 8.1 (Update 1), all editions including 64-bit, natively installed.

» Windows 10, all editions including 64-bit, natively installed.

» Microsoft Windows 7 SP1, all editions including 64-bit, natively installed.

Browsers Supported: Internet Explorer 11(32-bit) & above.

Hardware & OS Requirements:

Processor : 2.4 GHz min.

RAM: Minimum 4GB, 8GB Recommended

Server RAM Compatibility:

20 Users: 20+GB RAM 15 Users: 16GB RAM 10 Users: 12GB RAM 1-5 Users: 8 GB RAM

5What is meant by Proforma Invoice?

A proforma invoice, which is also known as “associate estimate or quote”, is in its real sense a preliminary sales bill. It showcases a merchant’s intent in regard to delivering services or merchandise to the customers, for a selected worth. However, it is not a genuine bill, but is a statement which confirms the seller’s interest in selling his goods to the potential buyer. It gets sent to the customers prior to conforming to a deal.

6In QuickBooks, what is the procedure to printing a pay stub?

QuickBooks Desktop allows you to make use of a plain white paper to print pay stubs. What QB Desktop does is, that it utilizes the default layout or the template along with the format. When printing a pay stub on a blank paper, the company address, namee & phone number appers on the top & bottom of the page.

Step By Step Procedure To Printing a Pay Stub:

» Click on Reports in the left navigation bar.

» Now select the All Reports Tab, followed with clicking on the Manage Payroll button.

» Now, click on Paycheck List from the list of reports.

» After the report page has opened up, pay stubs that you want to be printed are to be selected using the checkboxes.

» Now, you may open “Print to Open the PDF” window in a new tab.

» You can now save the PDF to print it later on.

7How can we cancel the subscription to QuickBooks Online?

Follow the steps below to cancel your subscription to QuickBooks Online:

» Firstly, you need to login to your QuickBooks Online account.

» Then, you will have to select QuickBooks Online company options.

» Now, select your account.

» Click on the “edit billing info” option.

» Now, choose cancel subscription from the “subscription status” tab.

» Finally, you will have to click on the “Continue Cancellation” button to complete the whole process.