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Showing posts from May, 2025

How to Setup Multi-User Mode in QuickBooks: A Complete Guide for Accounting Professionals

QuickBooks has become one of the most trusted accounting tools among U.S. businesses, thanks to its user-friendly interface, powerful features, and ability to streamline financial management. But when your business grows, managing accounts on a single workstation can feel restrictive. That’s where QuickBooks Multi-User Mode comes in. Multi-User Mode allows multiple team members, accountants, or bookkeepers to access the same QuickBooks company file simultaneously. It enables real-time collaboration, eliminates bottlenecks, and ensures everyone is on the same page. In this comprehensive guide, we’ll cover everything accounting professionals need to know about setting up and troubleshooting Multi-User Mode in QuickBooks. What is Multi-User Mode in QuickBooks? Multi-User Mode in QuickBooks is a feature that allows more than one person to access and work on the same company file at the same time. Instead of relying on a single machine, multiple authorized users can log in, make ch...

How to Create Journal Entries in QuickBooks Online?

What Is a Journal Entry in QuickBooks Online? A journal entry is a manual recording of a business transaction directly into the general ledger using double-entry bookkeeping. Each journal entry involves a debit to one account and a corresponding credit to another, ensuring the books remain balanced. In QuickBooks Online, journal entries are commonly used to: Record non-cash transactions Make year-end adjustments Allocate payroll costs Adjust asset depreciation Correct previous errors Unlike invoices or bills, journal entries are not tied to a vendor or customer but serve as direct general ledger updates. When Should You Use Journal Entries in QuickBooks? You should use journal entries in QuickBooks Online only when a transaction cannot be entered using the standard forms (like invoices, bills, or expenses). Some examples include: Depreciation or amortization entries Accruals and deferrals at month-end or year-end R...