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The accounts receivable and payable aging reports are helpful tools in QuickBooks to find out who you owe and who owes you quickly. The reports show the age of the receivables and payables so you know if you’re behind on a payment or if a customer is behind on a payment. However, you may have noticed that you have some zero balance lines. 

Alyssa Hodges, CPA •
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After your business taxes are done and any adjusting journal entries have been provided by your accountant, a best-practice is to officially close the books. QuickBooks makes this easy by having a closing date feature which can either warn you or require a password before prior-year data is changed.

To enable a closing date:
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We are changing the way we internally access our clients' QuickBooks Online accounts and would like to request you to make an update on your end.  Currently you’ve invited your accountant as the accounting firm for access to your QBs. We would like to change this to our new firm account which is qbo@masonrich.com. 

​You can complete this change by taking the following steps:

Travis O'Hara •

​There are three main questions that business owners ask me about Adjusting Journal Entries (AJE’s):

• What are these?
• Why do I need them?
• How do I post them?

Adding these entries doesn’t make you more profitable, but they still have an impact on your business, so let’s answer these questions now!
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Alyssa McBride, CPA •

​If you use QuickBooks, familiarizing yourself with the QuickBooks App Store can prove to be a great resource for when a need arises that may be beyond the capabilities of QuickBooks. If you are considering the move to QuickBooks but need a feature that isn’t offered, the App Store may be able to provide a solution.
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