HOW TO GROW YOUR MONEY WITH THE RIGHT INVESTMENTS : Mutual Fund Investment

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  ALL YOU NEED TO KNOW ABOUT DOLLAR AND MONEY MARKET MUTUAL FUND INVESTMENT After our recent seminar on investment, a lot of participants have contacted me to write on the subject for easy reference. Thus, today we'll be focusing on money market and dollar mutual fund investments. Money market investments are short-term, highly liquid assets that provide a safe place to park cash. Dollar mutual funds, on the other hand, invest in a variety of short-term debt securities issued by the U.S. government, corporations, and municipalities. WHYSHOULD YOU CONSIDER INVESTING YOUR FUNDS? Investing your funds can potentially offer several benefits. Firstly, it allows your money to grow over time through the power of compounding. By putting your money into various investment vehicles like stocks, bonds, or real estate, you have the opportunity to earn returns that exceed traditional savings account interest rates. Secondly, investing helps you hedge against inflation. Over time, the purch...
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ALL YOU NEED TO KNOW ABOUT QUICKBOOKS UPDATE AND VERSIONS | A review for Training

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THIS WEEK'S TOP STORIES ABOUT QUICKBOOKS FOR MAC- 

What to Learn from this self-training Manual

  •  QuickBooks desktop features
  • QuickBooks for Mac Review
  • Best Tips on QuickBooks
  • How do you link your bank accounts to QuickBooks online?
  • This week's top stories about QuickBooks for mac
  • How to start a new corporation on QuickBooks with its online solutions
  • Payment integrations for QuickBooks
  • Where do I find the mobile app for QuickBooks?

QuickBooks for Mac Review: As Accounting Software 2022, with KCmond Consulting. QuickBooks is famous accounting software that feeds a whole range of services. It has three (3) versions, these are

  1. QuickBooks Online
  2. QuickBooks Desktop  
  3. QuickBooks for Mac. 

 


Let's review QuickBooks for Mac which is more of the latest version among the listed versions. QuickBooks for Mac was launched back in 2016 and it has been getting more promising and more useful with every update. 

The latest update (2018) conveyed some new attributes that make it even more useful, such as the ability to sync files with Dropbox or Google Drive, create multi-currency transactions, track inventory and more.

IS QUICKBOOKS FOR THEMAC DISCONTINUED?

I have to be sincere with you – QuickBooks for Mac is not discontinued. However, there are some constraints to the software. It’s not a native application and it doesn’t run on the Mac operating system. It runs on Windows and has a compatibility mode for Mac.

QUICKBOOKS- IS THERE ANY DIFFERENCES BETWEEN MAC AND PC?

QuickBooks is software that is unrestricted for both Mac and Pc. There are some differences between the two versions of the software, but they are not prominent.

The first difference is that the Mac version of QuickBooks doesn’t have an “online features” section in the menu bar. This means that if you want to access your Bank Account Information (BAI) or other online components, you have to go to your browser and log in there. The PC version has an online features button on its menu bar.

The second leading difference between the QuickBooks for Mac and PC versions is that the former does not come with a payroll add-on as part of the package, while the latter does. The QuickBooks for Mac version comes with a payroll service as an optional purchase from Intuit’s website or Apple’s.

PAYMENT INTEGRATIONS FOR QUICKBOOKS

QuickBooks for Mac payroll

Payment integrations for QuickBooks are crucial because they allow company owners to accept payments from customers in a variety of forms.

There are considerable ways to incorporate QuickBooks. The two most common methods are the Intuit Payment Network (IPN) and the Intuit Online Payroll Services (IOPS).

The IPN is a more conventional integration, which functions by syncing your bank account with your QuickBooks account. IOPS is newer and more evolved, but it requires an extra monthly fee.

What’s the difference between QuickBooks Desktop and QuickBooks online?

QuickBooks Online is online accounting software that is used to manage the business’s accounting and finances. QuickBooks Desktop is a desktop accounting software that helps with the organization of financial data.

There are many distinctions between these two products, but for clarity, we will list a few of the most noteworthy ones:

  1. QuickBooks Desktop can only be installed on your computer, while QuickBooks Online can be accessed anywhere via a web browser.
  2. QuickBooks desktop provides more features than QuickBooks online does; for example, it offers more options for inventory management.
  3. The price point for QuickBooks Desktop is higher than the price point for QuickBooks online. 

HOW TO START A NEW CORPORATION ON QUICKBOOKS WITH ITS ONLINE SOLUTIONS

QuickBooks is accounting software that helps small businesses to get their books in order. It is cloud-based accounting software that allows you to track your company’s finances, manage inventory, and pay your bills. You can set up a new company on QuickBooks in just a few steps:

1.      Sign up for QuickBooks Online

2.       Add your business bank account

3.      Set up your company’s information, like legal name and address

4.      Create or import customers, vendors, and employees

5.      Set up your products and services

6.      Set up your invoices and billable items

7.      Manage your bookkeeping tasks

8.       Make payments

9.      Download transactions to QuickBooks desktop versions.

10.   Analyze your business data and make improvements.

WHAT IS THE DIFFERENCE BETWEEN ONLINE & DESKTOP QUICKBOOKS SUBSCRIPTIONS?

The primary difference between the two types of QuickBooks subscriptions is that the Desktop version is a perpetual license which means that you can use it forever. The online version, on the other hand, is a subscription-based service and you will need to pay a monthly fee.

QuickBooks Desktop features are a set of tools that allow you to manage your business finances.

QUICKBOOKS DESKTOP VERSION TOOLS OR FEATURES

The following are some of the tools that QuickBooks desktop offers:

ACCOUNTANT MODE: This is a mode in which accountants can access all the data for an organization.

BANKING: This allows users to track bank transactions and reconcile them with bank statements.

INVOICING: This tool allows users to create invoices, track payments, and send reminders.

REPORTING: Users can generate reports on their business performance and other aspects related to their financials.

QUICKBOOKS ONLINE FEATURES:

QuickBooks Online is cloud-based accounting software designed to help small and medium-sized businesses manage their finances. It’s an affordable and easy-to-use solution for small businesses, with the capability of handling all aspects of accounting. The system has several features that can be used to improve organisation workflow, such as:

1.      Integrated payroll and human resources

2.      Inventory management tools

3.      Purchasing tools

QuickBooks Online has the credentials of receiving, recording, reviewing and issuing purchase orders and invoices. These features can streamline the process of generating receivables and managing inventory. -The system features an integrated supplier portal that allows users to manage and track information about their vendors and issue purchase orders and invoices.

QuickBooks Desktop system requirements:

An operating system of at least Mac OS X v11.3 (Big Sur) or later

An internet connection for the downloaded installation

Integration/compatibility requirements:

Export report data – Apple Numbers v3.5, and Microsoft Excel 2016 or later, including Mac Office 365

E-mail as PDF – Apple Mail, Microsoft Outlook 2016 or later, including Mac Office 365

File conversion – QuickBooks for Mac 2022 supports:

One-way conversion to QuickBooks Online

One-way conversion from QuickBooks Windows 2022

Conversion to and from QuickBooks for Windows 2022

Which Versions of Microsoft Office Does QuickBooks Support?

The latest versions of QuickBooks support Microsoft Office 2016, 2013, 2010 and 2007.

If you are using an older version of Microsoft Office, you will need to upgrade it to one of the newer versions to use QuickBooks.

HOW DO YOU LINK YOUR BANK ACCOUNTS TO QUICKBOOKS ONLINE?

You can link your bank account to QuickBooks Online by following these steps:

1. Log into your QuickBooks Online account and select “Company” from the top menu.

2. Select “Linked Accounts” from the left-hand navigation panel.

3. Select “Add a new linked account” and add your bank account information.

4. After you have added your bank accounts, you will see them listed on the screen, with a green checkmark next to each one successfully linked to QuickBooks Online.

WHERE DO I FIND THE MOBILE APP FOR QUICKBOOKS?

The app for QuickBooks is available for both iOS and Android devices. It's available from the App Store or Google Play Store.

   Learn more ways to increase your QuickBooks Skills here, including the fantastic read-aloud topics for business growth

Read Self-training Manual here: 7 WAYS READING CAN HELP YOU GET AHEAD IN YOUR CAREER

If this article is interesting or there is an area you want us to research and write on, kindly leave a comment beside it.


This article is written- by Kingsley Ehimare (Kingsmond), an HR generalist expert & Content Marketer at KCmond Consulting. In his spare time, he can be found reading capacity building publications or scrolling through News apps, thinking about how to make people actualize their potential. For any related queries, contact kcmondconsultans@gmail.com.


This intellectual property belongs to KCmond Consulting.  No part of it is expected to copy or publish without the sole permission of owners. 

 

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