Setting up Chart of Accounts

Q:

I have than small business for septic company what chart of accounts I would need to enter into QuickBooks Pro.  If you would be so kind to help me out with this it would really help me to setup this company.

Thank you, for your time and cooperation with this matter

A:

There is no such thing as a one size fits all chart of accounts that accommodates every business, even in the same industry.

The QB program comes with several pre-configured charts of accounts.  The best thing is to just start with the one that is closest to your industry and then modify it as you go.

You should be working along with your professional tax preparer to make sure that the Classes and Accounts in your QB data file dove-tail with your tax returns; so having him/her look it over and fine tune them will make everything go much more smoothly in regard to tax planning and preparation.

Good luck.  

Kerry Kerstetter

 

 

 

QB Update Notification

Q:

Subject: Running multiple versions of QuickBooks

 

Dear Mr. Kerstetter,

 

Your very helpful web page came up when I searched Google for my multiple versions question.  I have 2003, 2005, 2006 and 2007 installed.  A few years ago, I ran into a problem when I allowed one version to update.  Whenever QuickBooks starts, it asks if I want to update the file.  I respond with "Later" now, because when I updated before the computer decided the version I updated was the only version installed and wouldn't run other updates.

 

Have you had a similar issue?  If so, how did you resolve it?  If not, would you recommend I continue to decline the updates?  Finally, if you recommend I decline to update, do you know of a way to stop the programs from asking to update every time?

 

Thank you for your time and information.

 

Best regards,

A:

Unfortunately, such pop-up update notices are part of the experience of running multiple versions of QB.  Until a few years ago, when that happened, I would uninstall and the reinstall that version of QB and that annoyance would go away.

However, I am running so many versions of QB on my main computer that I stopped doing the uninstall & reinstall thing because it was taking up far too much of my time.  I just hit the "Later" button and the programs seem to work fine.  I'm not aware of any way to turn off that pop-up message, so I just live with it and still consider it less time consuming than having to frequently uninstall and reinstall the programs.

I'm sorry I couldn't be more help. 

Kerry Kerstetter

Follow-Up:

Kerry,

 

Thank you for your reply.  It is helpful to know that I'm not alone, nor am I doing something wrong by clicking that "Later" button.

 

Best regards,