Common Mistakes To Avoid When Using Quickbook Bookkeeping Service
                     
About Us
QuickBooks is a powerful tool that can make bookkeeping 
much easier and more efficient for small businesses. 
However, there are several common mistakes that 
businesses often make when using 
QuickBooks bookkeeping services. 
www.mdbookkeepingdoctor.com

Types Of Mistakes
1. Not Properly Setting Up 
Quickbooks
2. Not Reconciling Accounts 
Regularly
3. Entering Transactions Incorrectly
4. Not Backing Up Data Regularly
5. Not Using Classes Or Categories
6. Not Reconciling Payroll
7. Not Using Reports Effectively
www.mdbookkeepingdoctor.com

Not Properly Setting 
Up Quickbooks
One of the most common mistakes that businesses make 
when using QuickBooks is not setting it up properly. This can 
cause a lot of problems down the line, as incorrect 
information can be entered and reports can be inaccurate. 
To avoid this mistake, it's important to take the time to 
properly set up QuickBooks.
www.mdbookkeepingdoctor.com
Not Reconciling 
Accounts Regularly
Reconciling accounts is the process of comparing the 
transactions in your QuickBooks account to those on your 
bank statement. This is important to do regularly, as it 
helps you catch any errors or discrepancies before they 
become larger issues.
www.mdbookkeepingdoctor.com
Entering Transactions 
Incorrectly
This can happen when transactions are entered in the wrong 
account or with the wrong amount. To avoid this mistake, it's 
important to double-check all transactions before entering 
them into Washington DC Bookkeeping Services.
www.mdbookkeepingdoctor.com
Not Backing Up 
Data Regularly
Not backing up data regularly is another mistake that can be 
costly in the event of a data loss. QuickBooks automatically 
backs up data, but it's still important to regularly back up 
your data to an external hard drive or cloud-based service.
www.mdbookkeepingdoctor.com
Not Using Classes 
Or Categories
Not using classes or categories can make it difficult to track 
expenses and revenue for specific projects or departments. 
To avoid this mistake, make sure to use classes or categories 
consistently throughout your QuickBooks account.
www.mdbookkeepingdoctor.com
Not Reconciling 
Payroll
Payroll is a critical part of any business, and it's important 
to reconcile payroll accounts regularly to ensure that there 
are no errors or discrepancies. To avoid this mistake, make 
sure to reconcile your payroll accounts at least once a 
month.
www.mdbookkeepingdoctor.com
Not Using Reports 
Effectively
Not using reports effectively can mean missing out on 
important information that could help you make better 
business decisions. To avoid this mistake, make sure to 
regularly review and analyze reports, such as the profit and 
loss statement, balance sheet, and cash flow statement.
www.mdbookkeepingdoctor.com

Contact Us
+1 (833) 933-8333
[email protected]
m
www.mdbookkeepingdoctor.co
m
8824 B Dogwood Rd, Windsor 
Mill, MD, USA
www.mdbookkeepingdoctor.com
Thank You For 
Watching 
My Presentation!
www.mdbookkeepingdoctor.com