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CNBC
16 hours ago
- Business
- CNBC
A step-by-step guide to setting up your QuickBooks account
As a small business owner, managing your company's finances, including tracking income and expenses and creating profit and loss reports, is a critical part of the job. Without an accountant on staff, one of the most efficient ways to handle these responsibilities is by using accounting software. One of the more popular options, Intuit QuickBooks, offers a full suite of accounting support, allowing businesses to organize financial information in one location and stay on top of essential accounting tasks. Setting up your QuickBooks account correctly, however, can seem daunting. To make the process easier, here's a step-by-step guide to help you get started. Costs may vary depending on the plan selected but take advantage of Summer Savings, offering 90% off for 3 months, for a limited time Tracks your business expenses as they happen, as well as your income. Users can use app to do invoicing, accept payments, manage their cash flow, maximize tax deductions, track travel miles, run reports, send estimates, manage bills and 1099 contractors, plus pay employees Yes Yes, bank and credit cards, plus third-party apps like PayPal and Square Accessible from any web browser and also offered in both the App Store (for iOS) and on Google Play (for Android) Verisign scanning, password-protected login, firewall protected servers and the same encryption technology (128 bit SSL) used by the world's top banks. QuickBooks also offers multiple permission levels that you can set for additional users' access Terms apply. QuickBooks is available as desktop and online software. QuickBooks Online can be accessed from any web browser or through a mobile app on a tablet and smartphone, making it a good choice for business owners who are frequently on the go. The plan options for QuickBooks Online include Simple Start, Plus, and Advanced, which range in price from $3.50 per month to $23.50 per month. The tiers also differ in complexity, making it important to review the features carefully in order to select the best plan for your business's needs. Simple Start, for instance, offers basic bookkeeping tools, while Plus offers more expansive support, including tracking project profitability, tracking inventory and managing multi-currency transactions. Advanced provides the most comprehensive accounting and financial support including financial planning, business analytics, managing employee expenses and 24/7 support and training. The desktop version of QuickBooks, known as QuickBooks Desktop Enterprise, is downloaded and installed on a computer. It offers more sophisticated accounting features for advanced users including inventory management, multi-company management and more. Once you've selected a QuickBooks plan and format, it's time to begin adding basic information about your company. This is where you enter your business name, business structure (such as LLC or sole proprietorship), industry, and contact. Information entered as part of this step will be the information your customers or vendors see on invoices, sales forms and other communications. Some of the additional details about your business that you'll provide as part of this step include: Linking your business bank and credit card accounts to your QuickBooks account is another important step in the set-up process. This integration allows QuickBooks to automatically import transactions, which streamlines your bookkeeping. Having your bank and credit card information imported saves time and reduces the potential for any human errors associated with manual data entry. It also helps ensure no income or expenses slip through the cracks, establishing a complete, accurate picture of your finances. This will come in handy while you're making spending decisions, applying for loans, or prepping for tax season. Once your financial accounts are connected, QuickBooks will automatically categorize your expenses. But you can also review, confirm and edit these categorizations — or even create custom categories. If you have recurring monthly expenses — like an Adobe or Canva subscription — you can create a new category in the QuickBooks system that will "bookmark" the charge, so it will know how to recognize and categorize it moving forward. Customizing your expense categories will be especially helpful when it comes to budgeting or forecasting. Establishing your chart of accounts is a critical set-up step that some experts suggest is best done with the assistance of a professional. The chart of accounts is a list of all the accounts that are part of your business's daily operations. Creating this correctly is essential for accurate bookkeeping. "Your chart of accounts determines how your income, expenses, assets, and liabilities are organized and reported," says Maria Anderson, co-founder of the business consulting firm Marico Consulting. "This step impacts everything: tax preparation, budgeting, forecasting, and your ability to read financials with clarity." The chart of accounts should be customized to reflect your business's unique needs and operations, rather than relying on generic categories. For example, if you have three income streams, you may want three income accounts so you can see what's most profitable. When establishing your QuickBooks account, you may also want to customize your sales settings. QuickBooks provides various options related to the type of information it collects and tracks when your business makes and records a sale. These details can be tailored to your business's needs during the set-up process, as well. Sales forms can be customized to include information related to shipping, discounts, service dates, tips, payment terms, late fees and more. Starting in July 2025, QuickBooks will also launch Agentic AI features into the platform, such as an accounting agent to automatically reconcile books and detect anomalies, a payments agent to manage invoicing, a customer agent to spot leads and draft emails, and a finance agenct to help provide insights and assist in financial decision-making. Your books are the foundation of every business decision, from hiring and pricing to taxes and fundraising. Mismanaged books can lead to missed deductions, late filings, and poor cash flow management. So as a small business owner, taking the time to set up your QuickBooks account correctly is an important effort, one that will help you manage your business more effectively, allow you to have an accurate picture of your financial standing, and save time. Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every checking account review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of banking products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information.
Globe and Mail
a day ago
- Business
- Globe and Mail
Should You Hold Onto XYZ Stock in 2025 Beyond Its 19% QTD Growth?
Block 's (XYZ) solid 19.8% quarter-to-date (QTD) return has left many investors questioning whether it remains attractively valued or if a better entry opportunity lies ahead. XYZ stock has not only outpaced its peers, such as PayPal Holdings, Inc. PYPL and Shopify Inc. SHOP, but also outperformed the S&P 500 composite over the same time frame. QTD, PayPal shares have gained 12.1%, while Shopify shares have appreciated 17%. There has been a spate of positive news of late for Block, including the launch of Square Handheld in the United Kingdom, the official partnership of Square and Live Nation Canada for extension of seamless commerce to Rogers Stadium and beyond, teaming up of Cash App and WNBA All-Star Angel Reese as well as its partnership with Bambu Dessert Drinks to streamline and centralize operations. However, the question arises whether these developments are sufficient to keep the momentum, or a challenging macroeconomic environment can jeopardize XYZ's growth tempo. So, here we make a detailed analysis of XYZ to conclude whether it will be prudent enough to hold the stock for now, or accumulate more shares, or discard and book profits. What's Driving Block Stock's Performance? Block is building a powerful fintech ecosystem through its dual growth engines, Square and Cash App. These platforms offer comprehensive solutions that span payments, commerce, banking, and lending, positioning Block as a one-stop provider for both consumers and businesses. The latest innovations like the Square Point of Sale app and the rollout of 'Cash App Afterpay' showcase its commitment to user-centric design and revenue diversification. Square is steadily reclaiming market share, supported by a 9% year-over-year increase in gross profit and an 8.2% rise in gross payment volume on a constant currency basis. These gains highlight Block's successful execution on product innovation and its targeted go-to-market approach, which includes expanding field sales, onboarding larger sellers, and deepening strategic partnerships. Despite shifting spending patterns, Cash App is poised for meaningful network expansion. Block is prioritizing user growth among teens and families, while accelerating the rollout of Cash App Borrow following FDIC approval for nationwide lending — a move that's expected to significantly expand eligibility and enhance unit economics beginning in the third quarter of 2025. At the same time, Block is tapping into new revenue opportunities. The 'Cash App Afterpay,' a retroactive buy-now-pay-later product, launched earlier this year, is already showing strong early adoption. Additionally, Block's Proto division is preparing to enter the Bitcoin mining space, with plans to release custom chips and systems in the second half of 2025, a strategic push into the broader digital asset infrastructure market. What Hinders Block's Progress? Although Block continues to roll out new features and expand its ecosystem, it faces several challenges. Economic headwinds, such as trade tariffs and subdued discretionary spending in areas like travel and media, are dampening activity on the Cash App Card. Its gross profit is forecasted to improve later in the year, but the near-term softness is noticeable. Moreover, the company is contending with stiff competition from established players like PayPal and Shopify, as well as a growing wave of fintech disruptors. Despite its broad-based growth and diverse revenue streams, Block's performance remains vulnerable to macroeconomic fluctuations and changes in consumer spending patterns. As a result, external forces may play a larger role than internal execution in shaping its trajectory in 2025. XYZ's Earnings Estimates Revision Trends Southward The Zacks Consensus Estimate for Block's 2025 sales and EPS implies year-over-year growth of 3.5% and a decline of 27%, respectively. EPS estimates for 2025 and 2026 have been southbound over the past 30 days. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) XYZ Shares Trade at a Premium Block shares are overvalued, as suggested by the Value Score of D. In terms of forward 12-month Price/Earnings (P/E), Block is trading at 22.17X compared with PayPal's 13.66X. Final Take on Block Block continues to strengthen its position as a leading fintech innovator through its expanding Square and Cash App ecosystems. Recent partnerships, product rollouts, and innovation across Square and Cash App highlight the company's strong execution and growing ecosystem. Initiatives like Cash App Borrow, Afterpay integration, and expansion into Bitcoin mining signal long-term potential. While macroeconomic uncertainty and premium valuation raise caution, Block's diversified revenue base, user growth strategies, and continued momentum justify holding the stock. For now, maintaining a position in XYZ seems prudent as it navigates challenges while unlocking new growth avenues. At present, Block carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Block, Inc. (XYZ): Free Stock Analysis Report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report Shopify Inc. (SHOP): Free Stock Analysis Report
Yahoo
3 days ago
- Business
- Yahoo
Square Handheld Launches in the UK, Powering Growth for Restaurants
The portable, pocket-friendly device arrives in the UK alongside newly streamlined front and back-of-house tools, as Square announces a wave of new of innovation and updates LONDON, June 25, 2025--(BUSINESS WIRE)--Square, the global technology company, has today announced the launch of Square Handheld in the UK, setting food and beverage sellers up for success as they enter the busy summer season. Square Handheld is the most powerful, portable point-of-sale device yet from Square and is being launched alongside a suite of industry-specific features and upgrades to empower UK businesses to move faster, deliver better customer experiences, and grow. "Light. Slimline. Fits in your pocket. Still has all the features we're used to from Square and quite a lot more," said Tom Haydon, Founder of Tom's Pasta, one of the first businesses in the UK to try the new pocketable point-of-sale device. Weighing in at 0.31 kgs and only 1.5 cm thick, the Square Handheld has been purpose-built to help businesses serve customers wherever they are - at the counter or out on the floor. Recent research conducted by Square and Tech on Toast found that when UK restaurant leaders deploy new technology on-site, the top success metrics are staff feedback (74%), fewer errors (68%), and greater efficiency (52%). Meaning the best systems are those that improve the daily flow – for guests and staff alike – by syncing front-of-house with the kitchen, simplifying payments, and eliminating repetitive tasks. Square Handheld was developed with feedback and insights like this in mind, empowering staff with the mobility, speed, and efficiency needed to keep operations steady and deliver high-quality customer experiences. "Square has gone big in restaurants, and it shows, with our product innovation accelerating to include more restaurant-specific tools to help UK hospitality owners capture every order, all while freeing up staff to spend more time serving customers," said Ming-Tai Huh, Head of Food and Beverage at Square. "Running a business has never been more demanding, but at Square we're here to partner and power UK businesses with the right digital tools. Square Handheld does exactly that. It's a gamechanger for restaurant owners, providing all the tools they need to run their business, right in their pocket." A durable-yet-elegant device, Square Handheld is designed to stand up to water splashes and dust. Built to handle the realities of a busy shift, it offers a battery built to last all day and both Wi-Fi and offline payments capabilities, ensuring businesses stay up and running. A camera also allows hospitality businesses to take product pictures and an integrated barcode scanner lets them quickly scan in retail offerings like merchandise or bottles of wine as well as gift cards. By eliminating unnecessary trips between tables and the counter, Square Handheld enables waiters to provide more attentive service and turn tables more efficiently during peak hours, leading to improved customer satisfaction and increased revenue for UK businesses. To help sellers get the most out of their Square Handheld, Square has partnered with industry-leading accessories manufacturer Belkin to offer premium protective cases. The Belkin SheerForce cases can be purchased online at Square Shop. They complement Square Handheld's sleek design, add further defence against accidental drops and scratches, and will come in two different colours, which lets businesses match their brand identity to their device. New Square Point of Sale app arrives Square Handheld is powered by the new unified Square Point of Sale app, bringing years of commerce innovation and technology leadership into a single, powerful hub for running any size or type of business. Everything that was in Square for Restaurants, Square for Retail, and Square Appointments is now built into the one Square Point of Sale app, meaning UK businesses can be managed from one place. The upgraded app now includes personalised layouts, smarter workflows, and intuitive features that reflect the daily routines of any business. Whether they're managing complex menus, tracking in-store inventory, or processing service bookings, the new POS experience helps them do it faster and with less friction. New releases to power UK restaurants Square is also introducing additional new features and expanding its comprehensive partnership ecosystem to help UK restaurants streamline and grow their businesses even further: Square's new Item Splitting feature saves time and ends the fuss when it's time to split the bill among guests. The new feature makes it easier and faster for staff to check out larger groups by reducing time spent calculating totals and waiting on guests to discuss shared costs. With Scan to Pay QR codes on printed receipts, customers can scan and settle up without having to wait for busy servers to collect payment. That means restaurants can turn tables faster and staff have more time to serve diners. With Multichannel menu management, Square sellers can now seamlessly edit and update menus across all locations and channels, both online and offline, in one centralised Dashboard. New ResDiary integration means table reservations can be managed and accepted easily. It means restaurants can import deposits directly through OpenTable and ResDiary into Square Point of Sale so they can be automatically deducted from the bill. Square Handheld is available in the UK from 25th June. For more information on Square's recent product innovations and how they can help UK businesses, find out more here. Notes to Editor: For press information and materials please email press@ Tech on Toast report available here About Square Square makes commerce and financial services easy and accessible with its integrated ecosystem of commerce solutions. Square offers purpose-built software to run complex restaurant, retail, and professional services operations, versatile e-commerce tools, embedded financial services and banking products, buy now, pay later functionality through Clearpay, staff management and much more – all of which work together to save sellers time and effort. Millions of sellers across the globe trust Square to power their business and help them thrive in the economy. For more information, visit View source version on Contacts press@ Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Square Handheld Launches in the UK, Powering Growth for Restaurants
The portable, pocket-friendly device arrives in the UK alongside newly streamlined front and back-of-house tools, as Square announces a wave of new of innovation and updates LONDON, June 25, 2025--(BUSINESS WIRE)--Square, the global technology company, has today announced the launch of Square Handheld in the UK, setting food and beverage sellers up for success as they enter the busy summer season. Square Handheld is the most powerful, portable point-of-sale device yet from Square and is being launched alongside a suite of industry-specific features and upgrades to empower UK businesses to move faster, deliver better customer experiences, and grow. "Light. Slimline. Fits in your pocket. Still has all the features we're used to from Square and quite a lot more," said Tom Haydon, Founder of Tom's Pasta, one of the first businesses in the UK to try the new pocketable point-of-sale device. Weighing in at 0.31 kgs and only 1.5 cm thick, the Square Handheld has been purpose-built to help businesses serve customers wherever they are - at the counter or out on the floor. Recent research conducted by Square and Tech on Toast found that when UK restaurant leaders deploy new technology on-site, the top success metrics are staff feedback (74%), fewer errors (68%), and greater efficiency (52%). Meaning the best systems are those that improve the daily flow – for guests and staff alike – by syncing front-of-house with the kitchen, simplifying payments, and eliminating repetitive tasks. Square Handheld was developed with feedback and insights like this in mind, empowering staff with the mobility, speed, and efficiency needed to keep operations steady and deliver high-quality customer experiences. "Square has gone big in restaurants, and it shows, with our product innovation accelerating to include more restaurant-specific tools to help UK hospitality owners capture every order, all while freeing up staff to spend more time serving customers," said Ming-Tai Huh, Head of Food and Beverage at Square. "Running a business has never been more demanding, but at Square we're here to partner and power UK businesses with the right digital tools. Square Handheld does exactly that. It's a gamechanger for restaurant owners, providing all the tools they need to run their business, right in their pocket." A durable-yet-elegant device, Square Handheld is designed to stand up to water splashes and dust. Built to handle the realities of a busy shift, it offers a battery built to last all day and both Wi-Fi and offline payments capabilities, ensuring businesses stay up and running. A camera also allows hospitality businesses to take product pictures and an integrated barcode scanner lets them quickly scan in retail offerings like merchandise or bottles of wine as well as gift cards. By eliminating unnecessary trips between tables and the counter, Square Handheld enables waiters to provide more attentive service and turn tables more efficiently during peak hours, leading to improved customer satisfaction and increased revenue for UK businesses. To help sellers get the most out of their Square Handheld, Square has partnered with industry-leading accessories manufacturer Belkin to offer premium protective cases. The Belkin SheerForce cases can be purchased online at Square Shop. They complement Square Handheld's sleek design, add further defence against accidental drops and scratches, and will come in two different colours, which lets businesses match their brand identity to their device. New Square Point of Sale app arrives Square Handheld is powered by the new unified Square Point of Sale app, bringing years of commerce innovation and technology leadership into a single, powerful hub for running any size or type of business. Everything that was in Square for Restaurants, Square for Retail, and Square Appointments is now built into the one Square Point of Sale app, meaning UK businesses can be managed from one place. The upgraded app now includes personalised layouts, smarter workflows, and intuitive features that reflect the daily routines of any business. Whether they're managing complex menus, tracking in-store inventory, or processing service bookings, the new POS experience helps them do it faster and with less friction. New releases to power UK restaurants Square is also introducing additional new features and expanding its comprehensive partnership ecosystem to help UK restaurants streamline and grow their businesses even further: Square's new Item Splitting feature saves time and ends the fuss when it's time to split the bill among guests. The new feature makes it easier and faster for staff to check out larger groups by reducing time spent calculating totals and waiting on guests to discuss shared costs. With Scan to Pay QR codes on printed receipts, customers can scan and settle up without having to wait for busy servers to collect payment. That means restaurants can turn tables faster and staff have more time to serve diners. With Multichannel menu management, Square sellers can now seamlessly edit and update menus across all locations and channels, both online and offline, in one centralised Dashboard. New ResDiary integration means table reservations can be managed and accepted easily. It means restaurants can import deposits directly through OpenTable and ResDiary into Square Point of Sale so they can be automatically deducted from the bill. Square Handheld is available in the UK from 25th June. For more information on Square's recent product innovations and how they can help UK businesses, find out more here. Notes to Editor: For press information and materials please email press@ Tech on Toast report available here About Square Square makes commerce and financial services easy and accessible with its integrated ecosystem of commerce solutions. Square offers purpose-built software to run complex restaurant, retail, and professional services operations, versatile e-commerce tools, embedded financial services and banking products, buy now, pay later functionality through Clearpay, staff management and much more – all of which work together to save sellers time and effort. Millions of sellers across the globe trust Square to power their business and help them thrive in the economy. For more information, visit View source version on Contacts press@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Business
- Business Wire
Square Handheld Launches in the UK, Powering Growth for Restaurants
LONDON--(BUSINESS WIRE)--Square, the global technology company, has today announced the launch of Square Handheld in the UK, setting food and beverage sellers up for success as they enter the busy summer season. Square Handheld is the most powerful, portable point-of-sale device yet from Square and is being launched alongside a suite of industry-specific features and upgrades to empower UK businesses to move faster, deliver better customer experiences, and grow. 'Light. Slimline. Fits in your pocket. Still has all the features we're used to from Square and quite a lot more,' said Tom Haydon, Founder of Tom's Pasta, one of the first businesses in the UK to try the new pocketable point-of-sale device. Weighing in at 0.31 kgs and only 1.5 cm thick, the Square Handheld has been purpose-built to help businesses serve customers wherever they are - at the counter or out on the floor. Recent research conducted by Square and Tech on Toast found that when UK restaurant leaders deploy new technology on-site, the top success metrics are staff feedback (74%), fewer errors (68%), and greater efficiency (52%). Meaning the best systems are those that improve the daily flow – for guests and staff alike – by syncing front-of-house with the kitchen, simplifying payments, and eliminating repetitive tasks. Square Handheld was developed with feedback and insights like this in mind, empowering staff with the mobility, speed, and efficiency needed to keep operations steady and deliver high-quality customer experiences. 'Square has gone big in restaurants, and it shows, with our product innovation accelerating to include more restaurant-specific tools to help UK hospitality owners capture every order, all while freeing up staff to spend more time serving customers,' said Ming-Tai Huh, Head of Food and Beverage at Square. 'Running a business has never been more demanding, but at Square we're here to partner and power UK businesses with the right digital tools. Square Handheld does exactly that. It's a gamechanger for restaurant owners, providing all the tools they need to run their business, right in their pocket.' A durable-yet-elegant device, Square Handheld is designed to stand up to water splashes and dust. Built to handle the realities of a busy shift, it offers a battery built to last all day and both Wi-Fi and offline payments capabilities, ensuring businesses stay up and running. A camera also allows hospitality businesses to take product pictures and an integrated barcode scanner lets them quickly scan in retail offerings like merchandise or bottles of wine as well as gift cards. By eliminating unnecessary trips between tables and the counter, Square Handheld enables waiters to provide more attentive service and turn tables more efficiently during peak hours, leading to improved customer satisfaction and increased revenue for UK businesses. To help sellers get the most out of their Square Handheld, Square has partnered with industry-leading accessories manufacturer Belkin to offer premium protective cases. The Belkin SheerForce cases can be purchased online at Square Shop. They complement Square Handheld's sleek design, add further defence against accidental drops and scratches, and will come in two different colours, which lets businesses match their brand identity to their device. New Square Point of Sale app arrives Square Handheld is powered by the new unified Square Point of Sale app, bringing years of commerce innovation and technology leadership into a single, powerful hub for running any size or type of business. Everything that was in Square for Restaurants, Square for Retail, and Square Appointments is now built into the one Square Point of Sale app, meaning UK businesses can be managed from one place. The upgraded app now includes personalised layouts, smarter workflows, and intuitive features that reflect the daily routines of any business. Whether they're managing complex menus, tracking in-store inventory, or processing service bookings, the new POS experience helps them do it faster and with less friction. New releases to power UK restaurants Square is also introducing additional new features and expanding its comprehensive partnership ecosystem to help UK restaurants streamline and grow their businesses even further: Square's new Item Splitting feature saves time and ends the fuss when it's time to split the bill among guests. The new feature makes it easier and faster for staff to check out larger groups by reducing time spent calculating totals and waiting on guests to discuss shared costs. With Scan to Pay QR codes on printed receipts, customers can scan and settle up without having to wait for busy servers to collect payment. That means restaurants can turn tables faster and staff have more time to serve diners. With Multichannel menu management, Square sellers can now seamlessly edit and update menus across all locations and channels, both online and offline, in one centralised Dashboard. New ResDiary integration means table reservations can be managed and accepted easily. It means restaurants can import deposits directly through OpenTable and ResDiary into Square Point of Sale so they can be automatically deducted from the bill. Square Handheld is available in the UK from 25th June. For more information on Square's recent product innovations and how they can help UK businesses, find out more here. Notes to Editor: About Square Square makes commerce and financial services easy and accessible with its integrated ecosystem of commerce solutions. Square offers purpose-built software to run complex restaurant, retail, and professional services operations, versatile e-commerce tools, embedded financial services and banking products, buy now, pay later functionality through Clearpay, staff management and much more – all of which work together to save sellers time and effort. Millions of sellers across the globe trust Square to power their business and help them thrive in the economy. For more information, visit
