As you are preparing yourself for the tax season, you can do many things all by yourself. Besides, if you don’t have time, you can consult a tax advisor and try minimizing the tax you owe at the end of every financial year. So, if you are planning to save tax, then here are some tips you need to follow. Contact the QuickBooks support team to know more about how you can manage everything with the bookkeeping software.

Change The Ways You Get Paid

Getting paid can have an impact on the taxes. These include opting for the car offered by the company. You would not be spending time and money in buying a new car. While you get reimbursed for the company car, the tax break up depends on the vehicle’s engine and technical specifications. Instead of going for lunch allowances, you can opt for food coupons as they are usually exempted from tax. Depending on the salary and the organization you work for, you shouldn’t forget that education, medical, transport, and sundry allowances are not subjected to taxes. It’s quite obvious that you need to keep the receipts in a file or scan them and store at a secure location.

Take The Advantage Of Tax-Free Investments

Investments can be as complicated as you might think about. You may come across many options associated with different investment vehicles. But, according to the Section 80C of the Income Tax Act, you can claim tax deductions and think about savings and investments of up to Rs. 150,000 when life insurance is concerned. Public Provident Fund which offers tax-free interest of 8.7 percent can be taken into consideration. Moving ahead, you can avail options pertaining to deductions for personal medical insurance. Donations to non-profit organizations would also be exempted from tax.

Tax Deductions On Home Mortgage

When you consider the principal amount as a part of the home loan, you can claim deductions. Self-occupied properties are classified for tax breakups. While this is the case, you have to pay for the taxes when another apartment is considered. In this case, the amount would totally depend on the rental value. You would then be able to deduct the interest on the rent you pay every month.

Claim For Rental Allowance

If you are renting an apartment without paying any house rent allowance (HRA), then you can claim a maximum of 25 percent of the total income. Moreover, you can get Rs. 2000 per month credited to your bank account or excess rent which is equivalent to 10 percent of the total income. If you are facing issues with payroll management, then get in touch with the QuickBooks technical support team on 1-877-227-2303.

Get The Most From Pension Allowance

Any contribution towards employee provident fund is exempted from tax. The New Pension Scheme can offer a flexible way to set up pension contributions. While the aforementioned tips can help you, make sure you invest money carefully without considering long-term saving goals. Determine how you should use the money and then go for an investment scheme.

Author Bio

Jennifer Scott is an IT analyst who works closely with the QuickBooks support team. Apart from drafting blogs and articles related to QuickBooks, he is passionate about writing on a variety of topics. Visit this website for getting Quickbooks technical support.

Re-sorting QuickBooks lists can be simple as it seems. But, it is considered as the effective way to fix numerous issues for QuickBooks running on Windows or Mac. It’s none other than a trick that Pro Advisors have been familiar with since many years. So, as we move further, let’s look at the various problems. If an error persists with the accounting software, then you can contact the support team on the QuickBooks customer support number.

Quite often, you might need to re-order lists because the list is not in order or when the new entries are visible at the top. Besides, it may be necessary to organize the list because the ‘auto-fill’ feature is not working properly. In such a scenario, any QuickBooks user can re-sort the list. This implies that you don’t have to be logged into the admin account. There might be an instance when QuickBooks can sort the list automatically. But, in case you choose to re-order the list all by yourself, then you would be unable to retain the changes.

How To Maintain A List Of Customers, Vendors, And Employees

Most of the time, QuickBooks maintains a list comprising of names of customers, employees, and vendors. Even though it’s easy to sort the list once again, the task might be a little tricky. So, the simplest way may be to open the ‘Write Checks’ window, hover the mouse on the ‘Pay to the order of’ field, and go to the master list by pressing CRTL and L. Once the master list appears on the screen, you can select the ‘Include Inactive’ checkbox, click the ‘Name’ button, and proceed with the ‘Re-sort List’ option.

In case the user account doesn’t have the permissions, then the task could be accomplished by the ‘Make General Journal Entries’ window or the ‘Time/Enter Single Activity’ window. This helps you re-order every kind of list.

How To Maintain The Chart Of Accounts, Payroll Items, And Other Lists

Once you to the Lists menu, the items can be sorted by checking the ‘Include Inactive’ option, clicking on the ‘List’ button, and then choosing the ‘Re-order list’ option. In case the ‘Re-order list’ option is not available, then you need to go to the View menu that appears in the main menu bar.

How To Maintain Memorized Reports

Once you go to the main menu bar, you must select ‘Reports’ followed by ‘Memorized Reports’. Once you select the relevant list, click on the ‘Reports’ button and choose ‘Resort list’.

When you are using QuickBooks on Mac, then the steps are very much similar that you would follow for the Windows OS.  Once you go to the master name list, open the ‘Write Checks’ window, hover the mouse on the field by the name, ‘Pay to the Order Of’ and press the ‘Command key + L’ together. Before re-ordering the list, ensure that all the items are selected from your end. Later, you have to go to the ‘Edit’ menu and select ‘Re-sort List’. Similarly, you need to select All accounts from the Chart of Accounts, Class List and the Item List. Dial the QuickBooks helpline number, 1-877-227-2303 if you facing issues of using the software on Mac.

Hope you have learnt how to re-order lists in QuickBooks. Do share the articles with your team members in case it’s useful. If you need assistance for anything else, do contact us right away.

Author Bio

Jennifer Scott is an IT analyst who works closely with the QuickBooks support team. Apart from drafting blogs and articles related to QuickBooks, he is passionate about writing on a variety of topics. Visit this website for getting Quickbook payroll support.

When small businesses don’t have the capacity to invest in ERP solutions, then they always rely on QuickBooks to keep track of expenses and cash outflow as well as inflow. Moreover, it’s easy to manage inventory as the accounting tool offers different kinds of inventory management reports. The business owner can take decisions once he gets an idea of how much he has to pay to acquire items. He can gain insights through the Inventory Valuation Summary, the Purchase details, Service summary, Inventory Valuation Details and other standard features available in QuickBooks. So, to enhance the capability of gaining control on inventory, here are some ways in which you can improve QuickBooks inventory management performance. Get in touch with the QuickBooks support team in case you are facing issues with the accounting tool.

Automate Demand Forecasting

When sales management is taken into consideration, the bookkeeping software helps the users to manage historical data points easily. As the past and the present is covered, it becomes tough to anticipate the future if demand forecasting reports are not generated. So, before anything else affects the Profit and Loss Statement, you should see to it that you automate demand forecasting. Select a tool which enables you to carry out the task with great accuracy.

Enhance Item Level Visibility

QuickBooks always helps to manage item details such as the average cost, value and quantity on hand. But, on the other hand, the software doesn’t offer supply chain inputs to influence cost. So, in order to reduce manual work by 30 to 50 percent, you can always automate the reporting capabilities with QuickBooks. It’s always recommended to enhance visibility by considering every single warehouse location. Additionally, you can equip yourself with supply chain metrics. These include supplier performance metrics, sales forecasting projections, demand type summaries, target service level objectives and many more.

Optimize Purchasing & Order Replenishing

Setting up quantity thresholds was followed in the past. But now, even when the company has to fulfill recurring orders, the task can decrease the company’s profitability to some extent. So, in order to stop the guesswork, you should optimize order replenishment for reducing cost, manual work and for carrying out everything efficiently.

Multi-Location Optimization

The Enterprise edition of QuickBooks possesses the capability to track inventory across different locations. Way ahead, the accounting software also comes with features to transfer items from one location to the other. Therefore, to reduce the item purchases by 10 to 15 percent, it’s essential to stop relying on suppliers and optimize inventory that’s present at multiple locations. As you start redistributing items, you are sure to save on the overhead costs and other expenses. In case you have not tried out such a kind of task, then seek help from the QuickBooks customer support team. Don’t hesitate to contact the technical team on 1-877-227-2303 in case it’s tough to increase the inventory management performance with QuickBooks. You can also contact the experts to know more about tricks and tips for managing inventory with the tool.

Author Bio

Jennifer Scott is an IT analyst who works closely with the QuickBooks support team. Apart from drafting blogs and articles related to QuickBooks, he is passionate about writing on a variety of topics. Visit this website for getting Quickbooks technical support.

Are you a small business owner and wants to be more resourceful and save some money? If yes, then read this article to learn how an effective online accounting solution can assist you save your valuable time, and make your workers more efficient, and even make more efficient one of your businesses procedures to save money. These are only four general examples that can be problem-solving of your business. There are some other examples, though this article will was written to only talk about these four examples.

Are You Facing Any Problem In Your Business?

• Your company checkbook does not always balance or someone must call the financial institute to get the balance on a daily basis.

• Your expenses and bills are prepared manually in Excel or Word in the evenings and after that re-entered into your system and not punctually sent out.

• Your proposals/estimates are prepared manually without the advantages of seamless electronic incorporation to your invoices.

• You keep your payables and receivables in your head and it is tough to get vendor and customer information in real time.

By having a perfect, useful online accounting system, such as QuickBooks, you can without any difficulty make all the necessary changes and have prompt access on your computer, or use your accounting details from any computer system from your home, your customers 'office, your vacation hotel room, or just almost anywhere. On the other hand, you can read and access some of your accounting details on your Blackberry or iPhone. Suppose, if you are at office of a customer, and you or your worker finished the needed project or your billing permits you to progress bill, and then you can speedily get ready the bill and either take print of it and hand it to the client or send email it to the client. This type of step in itself will get better your cash flow for two major reasons.

At start, the bill is delivered and prepared to the client in real time and in case you can make this easy practical change and become regimented to perform this new process and bill in immediate, then you do not need to get ready the invoice after the detail, in the time of evening or on the free time of weekend. And next, given the specific circumstance, you can be able to save substantial time for yourself or save your time or decrease the needed time by your accountant. By giving training to field employees to bill in the field in immediate, they can hurriedly email the bill to your target or to you for your earlier approval or superior yet, you can analysis the bill as early as its set by your worker in the field or at the office of customer, as you have an effective QuickBooks system, so you can take benefit of the WIFI and wireless internet. In any case you face problem, you can contact with Quickbooks Customer Support. They are highly experienced and can help you to solve your problems almost immediately.

Now it gets superior, by utilizing the QuickBook’s estimate feature, you can have accuracy, consistency and completeness between the final invoice and the estimate. Here you can get two more crucial advantages and these are:

(a) Improvement in cash flow resulting from faster billing and

(b) The prospective to get better the whole process, you can be able to save substantial time for yourself or reduce the needed time by your accountant.

Remember, you just need a network (based on wire or without wire) when using a highly effective online QuickBooks system. To make the process simpler you can contact with Quickbooks Customer Support and solve your queries.

Author Bio-

Jennifer Scott is an IT analyst who works closely with the QuickBooks support team. Apart from drafting blogs and articles related to QuickBooks, he is passionate about writing on a variety of topics. Visit this website for getting Quickbooks Support Online.

QuickBooks Self-Employed was prepared for contractors, freelancers, home-based entrepreneurs and entrepreneurs who use their credit card and personal bank accounts for their company. The listed companies want help with their predictable taxes because they are not ready for their accounts chart.

QuickBooks Self-Employed was prepared from the ground up purposely to assist the people coming in self-employed category to prevail over these hindrances with a cost- effective and simplified way to manage business finance and save good money at the time of tax filing. As first debut in Jan 2015, Self-Employed QuickBooks has give confidence to those users who stayed below by helping them get back least 10% of their per year income:

Mileage Deductions: QuickBooks users log a normal of $7,393 in possible mileage deductions per year, and find on normal 45% more potential deductions by cataloguing miles. In all, users have logged more than $125 million in deductions of potential mileage.

Tax Savings: QuickBooks users find approximately $4,340 in possible tax savings for each year. These types of deductions assist to limit the tax bill by approximately 36%. In all about $1.1 billion in unseen deductions have been available using highly effective QuickBooks Self-Employed.

Home Office Deductions: QuickBooks users find approximately $819 in potential home office deductions for each year. In all, they have found more than $39 million in possible deductions of home office.

There are different companies that go really very well with the web version of QuickBooks. They are a developed business, they want to make financial statements and do standard operations of accounting. Sorry to say, worldwide Intuit thinks about that there are a considerable number of people that are not ready to utilize that type of product.

Always remember the core principles about QuickBooks Self-Employed that fits with all of those important criteria. They are:

Cloud Working – You should understand that, QuickBooks Self-Employed is cloud-based solution. Never think it for the cut back QuickBooks online version.

Advance Mobile technology: It is mainly designed to work on any particular mobile device and in a web browser. There are some nations where you will find some small businesses just have complete access to the web through mobile because they don’t have a desktop computer or laptop.

Collection of Important Data: Just same as online QuickBooks, Intuit has complete access to all of the user specific data and can utilize that to modify the work procedure of the specific program.

Contractual workers and Monopoly businesses: This advance program is particularly aimed at the one business, and particularly it is suited for contract or part time workers.

Globalization is a main thing: Intuit is thinking about worldwide market for this type of product. At present it is working in the United Kingdom, Australia and US. Once works perfectly in these markets it would be launched to the all world.

In case you have any questions about QuickBooks then you can call at QuickBooks technical support number @ 1-877-227-2303. You will get prompt response as these people are working 24x7.

Author Bio

This article is written by Jennifer Scott. She has got into writing professionally and uploads regular informative articles. You can refer to the articles and the information put down by her and clears your doubts on QuickBooks Customer support.