AMA or Ask My Accountant QuickBooks is one of the several features of the accounting software. Depending on how you use it, you can understand it as a feature or account type. Mainly, when you have a number of transactions and want to simplify the data, AMA comes into use. As it serves multiple functions, it becomes essential to know more about what this feature is and how you can use it. On deciding to use it, you can create an Ask My Accountant account. In it, you can add the transactions and expenses with the correct values. This financial information, along with any memos, gets formed into an Ask My Accountant report. When you run the report, you can get detailed information of items in one place.
AMA is a type of account in this accounting software. For some users, it may work as a spare account to keep a note of things that may not be specified to any particular account. Due to its functioning like the ability to convert into a subaccount, Ask My Accountant in QuickBooks can also work as a feature.
You can find a feature called Chart of Accounts in the Intuit software. It comprises the default accounts of users. Since Ask My Accountant QuickBooks also works as an account by default, you are likely to find it in COA. You can arrive at this feature by opening the menu for Company. Find the tab for this chart. Then look for the default account in it. On finding it, you can proceed with its use.
Sometimes you may have certain transactions. You may be unable to code them or may not know how to do so. You can move or enter such transactions into AMA. The feature is the most useful when the transactions are large. These can be inclusive of an asset purchase.
Other than this, you can use the Ask My Accountant feature in QuickBooks for these reasons as well:
For availing of the functions of QuickBooks Ask My Accountant, you can create an account from the Accounting tab. It should show you the AMA feature. You can select it and then add information relating to your business expense. Eventually, when you finish making the account, a report will be run carrying the details of every item you add.
Wait for the feature or account to start running a report. You can see various items through it. A user may refer to this as an Ask My Accountant report in QuickBooks. As it begins to run, you will have finished creating the account.
Note: You can add Ask My Accountant in QuickBooks Online as well. This is done by creating an account for it. You can try using these directions to make it. For QuickBooks Desktop users, it will be best to connect with the customer support of the developer. It should help you know whether the feature is accessible and how.
It is understandable that AMA can be useful for various processes in the software. Even then, when you do not require its use, you may delete it. To remove Ask My Accountant QuickBooks, you can open Settings by pressing the Gear-like button. From here, you have to find Accountants. In this tab, you will be able to locate AMA by name. Then you can use the Delete option to stop using the feature or clear it.
Note: You may create a fresh AMA account in the future, should you require it again.
The Intuit accounting software is utilized for several features. With AMA, you can aim for better utilization of QuickBooks. With the methods to create the account, you can easily begin the use. Also, you get the flexibility to remove the account as and when you want to.
Ask My Accountant or AMA is a feature of QuickBooks. It lets you add expenses. You can enter various types of expenses by using this feature. AMA additionally helps you to insert a description for the expense that you are entering.