March 2023

Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services. Learn about the ins and outs of creating and sending out invoices in QuickBooks. Novo employer’s liability for employment taxes Platform Inc. strives to provide accurate information but cannot guarantee that this content is correct, complete, or up-to-date. This page is for informational purposes only and is not financial or legal advice nor an endorsement of any third-party products or services. UickBooks is a powerful accounting software first released in 1983. Small and medium-sized business can easily manage their accounting and financial tasks with its intuitive features. Once your bookkeeper receives all the necessary documentation, they’ll typically complete your cleanup within 30 days. In some cases, your cleanup may take longer depending on timeliness of documentation and the complexity of your books. If you’re just beginning with QuickBooks, start with the basics — incoming and going money. If you’re not an accountant, keeping up with your company’s accounting can seem overwhelming. The advantage of taking a class is that you’ll learn about all the features using practical exercises. Learn about how to connect a bank or credit card account to QuickBooks and choose how far back you want QuickBooks to pull your transaction history. You can choose from QuickBooks Online, QuickBooks Desktop, or QuickBooks Self-Employed. Novo Platform Inc. strives to provide accurate information but cannot guarantee that this content is correct, complete, or up-to-date. Otherwise, the flexibility of QuickBooks Online makes it the best choice. Overview of QuickBooks features You can choose from QuickBooks Online, QuickBooks Desktop, or QuickBooks Self-Employed. Calculating Stripe fees for customer payments is easy with our calculator. Enter the payment amount to calculate Stripe’s transaction fees and what you should charge to receive the full amount. QuickBooks and Intuit are a technology company, not a bank. Find better features for building your business When you’re learning piecemeal, you may miss out on some tools because you don’t know they’re there. QuickBooks Online and QuickBooks Desktop offer many of the same features, and both are now subscription based. QuickBooks Online is cloud based, so you have the flexibility to access it from anywhere. Common pitfalls to avoid while learning QuickBooks You can also get support from within QuickBooks via live chat or email. If you’d rather go a more structured route, you can sign up for training courses in QuickBooks. The advantage of taking a class is that you’ll learn about all the features using practical exercises. By scheduling regular practice and taking one step at a time, you’ll quickly master QuickBooks. Using solutions like Novo’s online business banking — a feature-rich financial platform — that integrate with QuickBooks can make your bookkeeping even easier. Terms, conditions, pricing, special features, and understanding accrued expenses vs. accounts payable service and support options subject to change without notice. QuickBooks Payments account subject to credit and application approval. QuickBooks Online vs. QuickBooks Desktop QuickBooks Desktop does have more advanced inventory-tracking and job-costing features that aren’t available on QuickBooks online. If you’re a manufacturer, reseller, or need to closely track inventory, QuickBooks Desktop may be your best option. Otherwise, the flexibility of QuickBooks Online makes it the best choice. Novo Platform Inc. does not provide any financial or legal advice, and you should consult your own financial, legal, or tax advisors. When you’re running your own business, your period costs to-do list is never ending. However, it’s worth investing the time to learn how to keep accurate financial records because the payoff will be better financial health for your business.