Creating backups for your QuickBooks file on a regular basis is extremely important. Backups are the copies of your QuickBooks data just in case something happens to your data. It is a snapshot of your data file whatever you have entered until the backup date.
Why is Backup in QuickBooks important?
The QuickBooks data file describes all your business financial and accounting details and you very surely don’t want to lose the data file.
If unfortunately, you lose data file of your company, this means you don’t know how much money you have, you don’t have any idea whether you are making or losing money and for the same, you won’t be able to easily or accurately prepare for your annual tax returns. Continue reading