QuickBooksFEB 19, 20255 min read
QuickBooks Online, 7 Settings Every Global Business Should Change Today
Default settings assume domestic US use. Here is how to retune QBO for a borderless operation.
QuickBooks Online is powerful out of the box, but the default settings assume a small domestic US business. For a global operation, these seven changes save hours every month.
1. Enable multi currency. 2. Turn on account numbers for a cleaner chart of accounts. 3. Set your fiscal year correctly. 4. Enable class and location tracking. 5. Configure automatic sales tax carefully. 6. Turn on progress invoicing if you bill milestones. 7. Set custom transaction numbers so audit trails make sense.
None of these take more than a few minutes, but skipping them costs you every close.