HomeTechnologyWhat is Quickbooks and...

What is Quickbooks and How it Works?

QuickBooks is the accounting software that provides tools to manage the business’s customers, vendors, clients, inventory, and finances. This software provides you with a one-stop solution to all the managerial problems related to the business’s income and expenses. You can use it to bill customers, pay bills, prepare reports and prepare taxes. The QuickBooks product line includes many solutions that work perfectly for everyone, from freelance or small businesses to mid-sized businesses. 

Silent Features of QuickBooks

  1. Cloud Accounting: This feature lets you access your bank account and keeps your business managed and organized anywhere and from any device, computer, mobile, or tablet.
  2. Invoicing: With the help of this software, you can create your custom and professional invoices providing all the details about a sale or products, including the quantities, costs, and any special terms.
  3. Online Banking: This software also keeps a record of all your transactions and payments and automatically updates all the bank statements.
  4. Accounting Reports: The very best feature of this software is that it also provides all the accounting details and lets you know your business’s health with customizable reports and dashboards.
  5. Cash Flow Management: Through this software, you can pay bills of vendors due by making an entry of them. It also schedules recurring payments to save time.

Quickbooks

Registering on QuickBooks

With the complex features mentioned, a question always arises in everybody’s mind that How to Register on Quickbooks is a straightforward task. 

Following are the steps that will lead to complete your registration:

  1. Install QuickBooks desktop software according to your operating system.
  2. After successful installation, a window will appear stating, “Setup your Intuit Account.”
  3. The activation window in QuickBooks Desktop will allow you to either Log in to an existing account or create a new account.
  4. If you do not have an account, in the “Create Your User ID,” fill in the required information, and your account is all set. 
  5. If you already have an account enter your User ID and password to begin the activation process.

Changing Password

At times, a situation arises when we need to reset or Change QuickBooks password to ensure full security. Here are the steps to change your user password for QuickBooks 2020:

  1. On the Company Login window, select the option of “I forgot my password.”
  2. Select an email from the list that will appear.
  3. Click Next.
  4. A token will be emailed to your selected email ID to reset your password.
  5. Enter the token from the email by the QuickBooks team.
  6. Enter your new password and confirm.

Different Type of Errors

Several errors can arise while using QuickBooks. Here are some common errors and their solutions.

  1. QuickBooks Error Code 12 0

This error arises when you do not have permission from the administration to perform certain operations. This error commonly came into existence when there are issues while configuring your account during registrations. Go through the following steps to Fix Quickbooks error 12:

  1. Click the Start button on your windows.
  2. In the search box, type in “System Restore.”
  3. Choose System Restore from the options visible.
  4. Type in the administrative password.
  5. Follow through the steps to choose a restore point.
  6. Restart your computer, and you are all set to work again on QuickBooks.

2. QuickBooks Error Code 6000

This error, named quick book error code 6000occurs when you try to open your company files. This error is usually followed by more numbers of 3 to 4 digits, and a message saying “you cannot open your company file” will be displayed.

3. QuickBooks Error Code 61

QuickBooks can arise due to several reasons. The first one of them can be damaged. QBW file or corrupted TLG or ND files. Malware and viruses in the QuickBooks software can also provoke error code 61. To fix the QuickBooks error, 61 steps are mentioned below:

  1. In the QuickBooks software fo to Files.
  2. Select Utilities and then click on “Rebuild Data.”
  3. A message will appear, asking you to backup your company files, click OK.
  4. Wait until the message “Rebuild has completed” is displayed and click OK.

Check out: How to fix If you are not able to download apps from Google Play Store

Most Popular

More Articles

How Does Custom Software Development Contribute To Business Success?

A software application is successful if it can rightly cater to...

How Innovative Technology Could Make a Difference in Healthcare

There has been a strong relationship between healthcare and technology for...

What is First-Party Data and How to Build a Strategy?

First-party data is a valuable commodity for businesses and represents the...

A Standing Charge: How it Works On a Business Energy Contract

A business energy contract has a standing charge, but you can...

Read Now

7 Best Automation Testing Tools That You Should Try

We are in the era of automation everywhere. The ever-increasing pace of work demands automation testing tools that are developed to make our work routines easy and efficient. This blog has compiled a list of high-rated automation testing tools. Automation testing is software execution that automatically executes test cases...

6 Benefits of Automating Manufacturing Processes

Manufacturing automation has risen in the recent past, with most company owners moving from manual business operations to automated processes. That could be due to the numerous benefits of automated company processes.  Most people think that manufacturing automation is for big companies only. However, SME automation is taking shape in...

Why is MVP Important For Mobile App Development

As a business owner, you made the correct decision to create a mobile app for your business to stay ahead of the competition. However, there is always the question of whether your app will succeed. To alleviate that fear and lower the potential risks, you can rely on...