What Does the Error Code Referencing Microsoft’s Visual C++ Runtime Library Mean?

According to Intuit, the following error has been fixed in current releases of QuickBooks: “Error: QuickBooks has encountered a problem and needs to close.Microsoft Visual C++ Runtime Library Runtime Error! Program: C:\PROGRAM FILES\INTUIT\QUICKBOOKS\QBW32.EXE Abnormal program termination” Insure that you’re running the latest QuickBooks release. For further information on this error, consult this Intuit knowledge base [...]

What Does the Clean Up Company Data Utility Do?

The Clean Up Company Data… utility performs 2 functions: selectively summarizes closed transactions by creating new general journal entries by month and deletes the summarized transactions selectively removes unused list items, including accounts, items, customers, vendors, other names, and To Do notes The Clean Up utility can accomplish several important goals: improve performance by reducing [...]

What Are the Effects of Running the Clean Up Utility?

When the Clean Up utility is run, the effects on a company file (.qbw) can be significant. The goals of the Clean Up utility are to shrink the company file size and to make using that file more efficient. These gains come with some trade-offs. Important considerations when using the Clean Up utility are: Transaction [...]

What Is Class Tracking and How Do I Enable It?

A class in QuickBooks is a single-purpose tool to classify income and expense transactions. Class tracking is not used for balance sheet accounts. It’s also not a way to group customers, jobs, or vendors. To do that, use a Type, which can be managed on the Lists->Customer & Vendor Profile Lists menu selection. To use [...]

How Do I Record a Gain or Loss On Funds I Transferred To a Foreign Bank Account?

Recording a gain or loss on funds transferred to a foreign bank account is accomplished by the Company->Manage Currency->Home Currency Adjustment menu selection. First, enter the Date for the currency adjustment and choose the Currency whose value you want to update. Click the Calculate Adjustment button to locate those balances potentially impacted by the changed [...]

How Can I Transfer Funds Between 2 Bank Accounts Maintained In Different Currencies?

QuickBooks 2009 and Enterprise Solutions 9.0 (and later) support transactions in multiple currencies. Each account, customer, and vendor has an associated currency. Multi-currency support in QB does not extend to employees. Therefore, when you set up a bank account, you’ll specify the Currency used for that account, as shown below. In a company file (.qbw) [...]

What Is a Sales Receipt and When Should I Use One?

In QuickBooks a Sales Receipt is a form to simultaneously record credits increases) to the accounts associated with the Items entered on the Sales Receipt and a single, offsetting debit to either the Undeposited Funds account (if that preference is selected) or another user-selected account, which must be either a Bank, Accounts Receivable, or Other [...]

Can QuickBooks Print Checks In Currencies Other Than the US Dollar?

QuickBooks 2009 and Enterprise Solutions can print checks in currencies other than the US dollar (USD), with a few words of caution. Each time you attempt to print checks in a currency other than the USD, QuickBooks will display the warning screen shown below. To continue with the printing process, you’ll need to click Ok. [...]

Can I Add or Edit Multiple List Entries In QuickBooks?

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Starting with QuickBooks 2010 and Enterprise Solutions 10.0, you can add or edit multiple list entries by clicking on the Add/Edit Multiple List Entries menu selection on the Lists menu. However, only certain lists can be manipulated with this feature and not all fields on these lists can be modified. These 5 lists can be [...]

How Many Custom Fields Does QuickBooks Support?

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For the 2010 version (QuickBooks 2010 and Enterprise Solutions 10.0), Intuit has increased the number of custom fields and provided for data validation in Enterprise Solutions. Compared to 2009, the number of custom fields for Names increased from 7 (out of 15) to 12 (out of 30), and for Items it increased from 5 to [...]