There exist numerous off-the-shelf as well as bespoke software solutions available in the market that are designed to cater to the needs of large-scale businesses. Third-party vendors offer various solutions that help large businesses to improve their efficiency and profitability by integrating and streamlining their business functions. However, these solutions are not apt for mid-sized and small businesses. There are a few business functions that need to be managed discreetly, although they do not generate revenue. One such function is Accounts and Bookkeeping.
What is QuickBooks?
QuickBooks is an accounting software that is designed by Intuit to cater to businesses that are small and mid-sized. Intuit has designed this solution to cater to the needs of businesses that were otherwise not covered previously due to their limited scale of operations. Irrespective of the size of operations, all businesses need solutions to keep their accounts, track their overall finances in addition to providing reports that can help in decision making.
As QuickBooks was a solution designed exclusively for the untapped market segment, it witnessed unprecedented popularity. Resultantly, the number of purchases of this product that then catered to a niche market spiked exponentially.
How to Get Started?
To begin with, these businesses (small and mid-sized) will have to purchase the QuickBooks solution in order to derive the benefits that this it delivers. Intuit has different QuickBooks solutions to cater to the differing needs of small and mid-sized businesses.
Here is a list of popular QuickBooks solutions along with their selection criteria:
QuickBooks Desktop – Basic Payroll
This solution is designed for businesses that need to create paychecks, compute payroll taxes in addition to sending and managing direct deposits. The flip side to this purchase is that it does not come with tax forms preparation features. Hence, the business will have to handle the tax form creation and management tasks independently.
QuickBooks Desktop – Advanced Payroll
In addition to the services that the Basic Payroll solution provides, the Advanced Payroll solution prepares and files the tax forms electronically.
QuickBooks Desktop – Assisted Full-Service Payroll
This solution of QuickBooks provides all the services that the above-stated options provide. This solution requires the business to just enter the hours that its employees have clocked at work; the rest is managed by the software.
Intuit offers QuickBooks on a free trial for a period of 30 days after which subscription is charged. So, businesses will get a chance to check if the solution offered fits their payroll and reporting needs or not. Based on their experience in the trial period, businesses can make their decision.
How Can Small and Mid-size Businesses Benefit by Using QuickBooks?
The benefits that a business can derive by making use of QuickBooks are:
- QuickBooks is a software that does not require the handler of the solution to be an accountant.
- It is a customer-oriented solution that keeps the customer in the center of all operations, unlike other accounting software.
- The solution is subjected to frequent updates and upgrade to keep pace with the ever-evolving businesses and markets.
- QuickBooks is compatible across platforms and devices, so one does not have to sit in front of the desktop to keep track of its accounting situation.
- The software comes with an automated backup facility that eliminates the chances of data loss in addition to keeping both trivial and critical information secure.
- Intuit has also come up with QuickBooks Online, which is a cloud-based financial management solution that allows the users to access the information remotely.
- Handling taxation is one of the most crucial and risky tasks that a business is needed to engage in. QuickBooks software makes this task easy to manage.
What are QuickBooks’ Errors?
Similar to other software solutions, QuickBooks users are also faced with errors that need fixing. Intuit has introduced a QuickBooks File Doctor in order to put an end to the commonly occurring issues. This tool takes care of errors that are a result of a corrupt file. The corrupt file is characterized by the presence of a blank field/list in addition to a damaged company name, and network related issues, among others. However, QuickBooks File Doctor cannot solve all the issues/errors that pop up when the solution is being used by a user.
Here is a list of commonly occurring errors that are reported by users and the reason for their occurrence:
- QuickBooks Error 120 – Authorization failure
- QuickBooks Error 403 – Incorrect Local Area Network
- QuickBooks Error 503 – Server issue
- QuickBooks Error 6210 – Deletion of an item either in QuickBooks or in Clio
- QuickBooks Error 620 – Inability to link transaction ID (TxnID)
- QuickBooks Error 2020 – Missing or invalid line
- QuickBooks Error 2050 – Invalid due to the length of string
- QuickBooks Error 3100 – QuickBooks cannot access Clio
- QuickBooks Error 5030 – Unsupported feature
- QuickBooks Error 6000 – Business validation error
- QuickBooks Error 6140 – Duplicate document number error
- QuickBooks Error 6190 – Invalid company status error
- QuickBooks Error 6250 – Customer record deleted
- QuickBooks Error 6470 – QuickBooks calculating Clio bills
What is QuickBooks Error 1905?
One of the commonly reported QuickBooks errors is 1905. This error pops-up on the screen in instances that include irregular entries while registering on Windows or incorrect configuration of system settings. In order to fix this error, one has to correct the entry made in the Windows registry or modify system configuration. This is possible by making use of a software that is designed exclusively for debugging this error.
How Can QuickBooks Error 1905 be Fixed?
There are several ways to rectify this error, but following the 3-step approach listed below is sure to deliver the desired results:
Step 1: Check if Windows is Up-to-date
It is important to check if Windows present in the system wherein QuickBooks is installed is up-to-date. If it is not so, then all updates that the notifications pop-up suggests must be run. This error is also known to be caused by the newly installed security software, and hence, it is advisable to uninstall any such software that may be responsible for the error. In the process, the firewall installed in the system must be disabled, as this is another reason that may be causing the error to appear.
If the solution was previously functioning well and is recently seen to be having issues, it is advisable to delete any recently downloaded applications in addition to ensuring if the security on the device is up-to-date.
There have been instances in the past that have fetched reports that suggested that the mere updating of Windows has resolved error 1905. However, if the error lingers despite the updating, then other solutions must be sought to resolve the error.
Step 2: Uninstall Previously Installed QuickBooks Software
In order to uninstall the solution from the system, the user needs to click on the control panel that is present in the C drive. Double-clicking the control panel will open a window in which an icon named ‘Programs’ will be present. Clicking on this icon will take you to another icon named ‘Programs and Features.’ Clicking on which will let you pick QuickBooks from a list. Select QuickBooks, and finally, click on ‘Uninstall.’
Step 3: Re-install QuickBooks Solution
In this method of fixing QuickBooks error 1905, the user will have to use the CD that was delivered upon the purchase of the accounting software. This is one of the easier methods that can be executed without any professional assistance. When the CD is inserted into the system, the installation wizard is likely to run automatically. If so, click on the X mark on the top right of the box to close it. Thereafter, click on My Computer or This PC and locate the QuickBooks folder in the CD-ROM. Double click on the file with the said name and ‘Run’ the .exe file that will lead to the completion of a step-wise procedure. Correctly following through all the steps will result in the successful installation of the software.
After all the 3 steps elaborated above have been successfully executed, restart your system. Following these steps is known to fix error 1905. However, if the error continues to create issues, it is advisable to contact the Intuit support team via calling a toll-free number available on their website, by sending an e-mail, or by engaging in a live chat with its associate.
If needed, the support team will take the user through steps that may require the latter to delete the Palisade folder and subkey. Before deleting the said folders, the associate will guide the user to save the license file (.lic file) in a secure location. Some users who are well-versed in technology prefer to undertake the deletion process on their own. However, taking the assistance of the support associate assigned by Intuit will ensure perfect error fixing.
Additionally, it is again recommended to take the help of the support associate to check if the program file has restricted access. If yes, the associate will aid the customer to enable ‘full control’ to the solution, which is also known to resolve errors.
All errors faced while using the QuickBooks solution are fixable in one way or the other. Some can be fixed easily, while others (such as error 1905) may require professional assistance.