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LIOne of the biggest mistakes we see in QuickBooks…
🚩 Business owners coding everything to “Miscellaneous Expenses” or just posting all transactions as suggested by QuickBooks AI.
Here’s what to do instead:
✔️ Create clear expense categories
✔️ Carefully review expenses suggested by QuickBooks AI and amend if incorrect
✔️ Check receipts carefully for VAT rates
✔️ Make sure you add in names of your Suppliers to ALL transactions
✔️ Review your Profit & Loss monthly and at year end
Better more accurate data = better decision making = prepared for the new digital world of tax.
#QuickBooksOnline #AccountingTips #QuickBookstutorial
@linda_carr_accountants










