We have found such a great article and infographic from the Intuit blog and QuickBooks that we simply must share it with our readers. The article has a list of 21 things to do and when to do them for your small business accounting, and has even broken down these tasks by daily, monthly, quarterly and yearly. What a great tool! Below we have provided a snippet of the beginning of the checklist:

Small Business Accounting Checklist: 21 Things to Do and When to Do Them

Managing your business finances does not have to be eat-your-spinach drudgery. The key, of course, is to create a realistic plan with a budget, record your transactions correctly, review your results regularly and always keep good records. Your comfort level with the three basic financial reports that evaluate your fiscal health is also essential: the balance sheet, income statement and cash flow statement.

When is it time to do what? The following checklist lays out a recommended timeline to take care of the accounting functions that will keep you attuned to the state of your business and streamline your tax preparation. Read through for in-depth coverage of your required tasks, or skip to the end to see a handy infographic to use as a visual checklist.

Daily Accounting Tasks

1. Check Cash Position

Since cash is the fuel for your business, you never want to be running near empty. Start your day by checking how much cash you have on hand. Knowing how much you expect to receive and how much you expect to pay during the upcoming week/month is important, too—but it is not gas in your tank.

Read the rest of the article and view the infographic HERE.

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ProSeries Tips

1. Customizable HomeBase View-from the HomeBase menu choose the Column Headings option. You will then discover that  you can add, delete, or move the columns in the current view. You can also click and drag column headings in HomeBase to resize or rearrange columns. Clicking on a column heading allows you to sort the contents in the column in either direction.

2. QuickZoom-there is an easy way to jump to a new form is the QuickZoom feature. There are two types of QuickZooms. You can either click the “QuickZoom” button on a form, or press the magnifying glass when you are on a field. The magnifying glass will take you to the most common entry form, schedule, or worksheet.

3. QuickEntry Mode-if you have a client who you need to enter a lot of assets for, use QuickEntry Mode and the Asset List to simplify your entries. To get to the Asset List, you need to be on one of the four main fields on the Asset Entry Worksheet (Description, Date Placed in Service, Cost, or Type of Asset), and then click on the Switch to QuickEntry Mode icon.

Intuit Tax General Online Tips

1. Enhanced Input Search-you can quickly find what you need within the input area by using the search box that is located in the left navigation panel. Simply enter all or part of a form number, line description, box number, or value within the return. The search will narrow down the results automatically and take you to where you need to be within the return. This can greatly assist you with finding areas you may not be familiar with, as well as help you do a quick audit for the return.

2. TaxHub-track the work for your accounting firm by using multiple data views. Within the Tax Returns page, you can view your work by clicking above the titles at the top of the page and selecting “By Return Type.” The different views available include: By Return Type, By EF Progress, and By Return Status. Each view allows you to sort and filter the data based on the type of view.

3. Intuit Link-invite your client to Link (client portal) and send a personalized engagement letter, checklist, and questionnaire. Then, you can find out when your client accepts your invitation and track client progress. Your clients complete their personalized checklist and share tax data from any device, including uploads, snapping pictures, or directly from their financial institution.

And one final way to help accountants and CPAs during the busy tax season is to obtain one of our well loved PDF converter tools to streamline your efforts with clients financial files.

The post Intuit Software Tips and Tricks for Your Busy Tax Season appeared first on MoneyThumb.