Notice! Upcoming change to the QuickBooks Document Manager service. After May 31, 2013, you will no longer be able to access documents you’ve stored online using QuickBooks Document Manager. Why is QuickBooks Document Manager being discontinued? Intuit is committed to developing easy, straightforward financial tools that help you today and grow with you tomorrow. But [...]
But be sure that you’ve established all the right settings and understand the process. If you used small business accounting products in the early days, you know how frustrating it was to print checks correctly from your software. Pre-printed checks weren’t cheap, and you probably printed at least a few that didn’t line up right [...]
You Spoke … Intuit Listened! QuickBooks 2013 R6 is now available in color! Download today via Auto Patch or web patch. Read more about all the great changes in Intuit’s blog article, written by Jacint Tumacder, Senior Product Manager.
Modifying the default template makes tracking easier, more accurate. Part of the reason for QuickBooks’ success is its exceptional flexibility. By allowing users to turn features and preferences on and off, the same software can be used by a wide variety of business types and sizes. In some cases, the default settings that QuickBooks supplies [...]
Interesting insight from my friends at BQE Software: Some of the best advice you’ll ever get is the stuff that goes against the grain, against all logic, against every fiber in your being. “Be calm if you encounter a bear,” “if you love them, let them go,” and “in case of an emergency, walk–don’t run–to [...]
Spring is a good time to clean up and slim down QuickBooks and its data. Depending on your location, you’re probably starting to see early signs of spring. The nicer weather and signs of new life seem to make people want to spruce up their surroundings. Now would be a good time, too, to [...]
You work hard for your money. Strong internal controls can keep it from disappearing unnecessarily. You trust your employees or you wouldn’t have hired them. That’s what everyone says as they watch a valued staff member being hauled off in handcuffs. But I trusted him. Whether your accounting tasks are done on one PC or [...]
By March 1 employers are required to notify employees of the following information: Must inform employees of the existence of a state individual exchange Describe the service the exchange provides The manner in which employees may request assistance with the exchange If an employee purchases insurance through an exchange, they may be eligible for assistance [...]
Now in 2013 the standard mileage rate has increased a penny, which is used to reimburse employees who drive their own vehicles for business. You may also use the rate to value the personal use of employees’ moderately priced (2012 amounts were $15,900 for cars and $16,700 for SUVs) company cars.
Using QuickBooks Mobile, you’ll improve business relations, put out fires before they start and unchain yourself from your office computer. There are only a few reasons why you wouldn’t be using QuickBooks Mobile on your smartphone. Maybe you don’t have a smartphone. Or when you’re out of the office, you don’t want to be [...]
We would like to remind you of the substantiation and reporting requirements that apply to the personal use of autos that are owned or leased by your corporation. It is important that you comply with these requirements to avoid the potential loss of deductions, plus penalties, and interest if you are ever audited. First, [...]
Beginning tax year 2013, a new Additional Medicare Tax (a provision of the Affordable Care Act) of 0.9 percent applies to individuals’ Medicare taxable wages, compensation, or self-employment income that exceeds certain threshold amounts based on their filing status. For more information about this tax, see the IRS Q&A for the Additional Medicare Tax. [...]
Business Use The standard mileage rate for transportation or travel expenses is 56.5 cents per mile for all miles of business use (business standard mileage rate). Charitable Use The standard mileage rate is 14 cents per mile for use of an automobile in rendering gratuitous services to a charitable organization under § 170. [...]
Working with our CPA associate, we would like to remind you of the tax rules that apply to shareholders of S-Corporations who own 2% or more of the stock and receive certain fringe benefits. It is important that you comply with these requirements before year end, otherwise you risk the loss of your shareholder health [...]
We hope you’ll be ringing out a successful financial year at month’s end. In any case, here’s what you should know about preparing for 2013. End of the year. QuickBooks has been hard at work for the past 11+ months, recording and tracking and storing all of that financial data that you’ve entered so faithfully. [...]
Create item records in QuickBooks carefully, and QuickBooks will return the favor by running useful, accurate reports. Figure 1: Clearly-defined items result in precise reports. Obviously, you’re using QuickBooks because you buy and/or sell products and/or services. You want to know at least weekly — if not daily — what’s selling and what’s not, so [...]
Tired of QuickBooks’ cramped, claustrophobic screens and uneven interface? You’ll be pleased to see the 2013 version. You chose QuickBooks for a variety of reasons, a major one being its simplicity and usability. But the software is more than 20 years old now, and hundreds of features have been added over the years. QuickBooks [...]
If you’ve already set up your QuickBooks employee and company payroll files, the hard part’s over. It’s not just a catchy ad slogan: It’s true. Unless you have dozens of employees or numerous exceptions each payday, you can literally process a payroll run in just a few minutes using the employee compensation tools in QuickBooks. [...]
No, you’ll never max out all of its features, but here are some tips on tools that extend QuickBooks’ usefulness – and save you time. Zero In On Key Report Figures You’ve undoubtedly created reports that were so lengthy that you got tired of scrolling up and down to find totals for each individual section. [...]
Running out of products too frequently? Having to sell cheap because inventory is overloaded? Use QuickBooks’ reports. It seems so simple in theory. Don’t overstock goods because you’ll tie up too much money and perhaps need a clearance sale to get rid of the excess. On the other hand, don’t let yourself run out of anything [...]
QuickBooks provides two ways (actually, three) to create a copy of your QuickBooks data file. When is each appropriate, and how do you proceed? When you think about it, it’s pretty amazing that Intuit is able to pack the lion’s share of your financial data into one giant company file. Certainly makes it easier to [...]
It may seem like a no-brainer – cut expenses to make more money – but many small changes can result in significant savings. It looks like the economy may finally be looking up. Still, this is no time to loosen the purse strings in terms of your business expenses. Rather, why not re-double your efforts [...]
I am sooooo proud of my daughter! She is an amazing young woman; both in who she is and also in what she does for a living! She certainly doesn’t do her job for the money I hope that you can support her in some way on this project: Cassie Coppens\’ Power of Ten TERI [...]
QuickBooks handles billable expenses capably, but it’s critical that you understand the process thoroughly before proceeding. Billing for inventory parts is easy. Pick the items from a list and specify a quantity. Poof. Done. Billing for costs, time or mileage is a little more complex. QuickBooks has built-in tools to help you do this, but [...]
These three web-based apps – accessible via your smartphone — provide mobile access to QuickBooks data. Accounting in the cloud is closer than you might think. In fact, it’s here, in some cases. QuickBooks Online, of course, is entirely cloud-based, but it does not yet offer all of the features found in Intuit’s top-of-the-line products, [...]
April 15 is getting uncomfortably close. QuickBooks, of course, can’t do your taxes for you. But it helps you lay some of the groundwork. Following up on last month’s column on customizing reports, we’ll look at the program’s tax-related reports and its powerful report-filtering options. But first, you’ll need to make sure that this output [...]
If you make one resolution about improving your accounting procedures in 2012, it should be this: Make extensive use of the tools that QuickBooks offers for report modification. Comprehensive, meticulously-shaped reports that flow out of your carefully-constructed records and transactions are your reward for pounding on the keys every day, conscientiously recording income and expenses.
The IRS issued new reporting regulations for tax year 2011 1099-MISC form. These regulations will exclude some forms of payments from the 1099-MISC form; instead, the payments will be reported on the new third party form 1099-K.
Refunds. You probably wince at the word. Some – like customer refunds for returns – are fairly uncomplicated, thanks to QuickBooks’ tools. Others, not so much. You may find yourself unable to balance your accounts receivable.
The IRS issued new reporting regulations for tax year 2011 1099-MISC form. These regulations will exclude some forms of payments from the 1099-MISC form; instead, the payments will be reported on the new third party form 1099-K. If you have made payments to vendors in tax year 2011 you will only need to report certain [...]
Hello, and thanks for checking out my Birthday Wish! November 5th is my Birthday! It is the 2nd birthday without my husband of 32 years, whom I lost to Cancer on September 23, 2010. Today I’m taking action and posting my Birthday Wish! For my birthday, I’m asking my friends, family, business associates and clients for a special [...]
No matter which version of QuickBooks you’re using, there are always ways to make your workday easier. As with any software, we tend to learn the features we need and not much more. But small changes in the way you operate can add up to significant time savings and more accurate files. If you jumped into QuickBooks without a thorough introduction, consider these tips.
Intuit has released it’s 2012 family of software and we are very excited about some of the new features for businesses with extensive inventory needs! Available in Premier and above: the new Inventory Center! all the important information right in front of you for each item! Only in QuickBooks Enterprise Solutions 2012 Add images to the [...]
Intuit is making some bold changes for the benefit of users with strong Inventory usage requirements! This year they introduce us to Enhanced Inventory Receiving! They have now introduced a functionality that has been in the mid-market products for many years and we applaud their efforts!!
That said . . . end user . . . . . PROCEED WITH CAUTION!!!!
Wondering whether your QuickBooks data file is healthy and working optimally? Take advantage of our Fall 2011 special offer: Free – 15 minute – Remote “QuickBooks Wellness” checkup appointment! Ask yourself: Are your reports returning the information you’re expecting? Do you have issues with the way the software is working? Have you checked your QuickBooks [...]
As it usually does this time of year, Intuit has introduced new versions of its Pro and Premier products. QuickBooks 2012 promises to help you get better organized, save steps, and acquire more in-depth financial insights.
QuickBooks offers two simple conventions that let you identify related data: classes and types. Classes are used in transactions. Types are assigned to individual customers, vendors, and jobs.
Small businesses can get more done in less time while managing their finances with best-selling QuickBooks® financial software from Intuit Inc. (Nasdaq: INTU). New and improved features in QuickBooks Pro and Premier 2012 help small businesses uncover new business insights, get organized and save steps on mundane accounting tasks. The software goes on sale Sept. 26.
Next to payroll, paying bills is probably your least favorite task in QuickBooks. You don’t have to use this feature – you can keep stacking bills on your desk, scrawling the due dates on a paper calendar, and writing checks.
If you’re still operating this way, though, you’re missing out on the numerous tools that QuickBooks offers to track your accounts payable!
Data entry and modifications in QuickBooks can be tedious. Beginning with QuickBooks 2010 Pro Edition and above, that job got a lot easier. The Add/Edit Multiple List Entries tool does just what its name implies: It lets you add entries to your lists of customers, vendors, services, inventory parts, and non-inventory parts. It also makes changing one or several of them quick and easy.
The IRS has evidently changed it’s mind about increasing the standard business mileage rate in light of the increased costs of gasoline etc. Effective July 1st through the end of December 2011 the new standard business mileage rate is 55.5¢
Effective July 1, 2011, the one percent sales and use tax rate increase that was approved with the state budget and effective April 1, 2009, will expire lowering the statewide base tax rate from 8.25 percent to 7.25 percent.
Document Management is free in QuickBooks 2010, and it will stay that way until 2013, but, after May 15, it will no longer be free in QuickBooks 2011.
Every month, we provide information on how to better use QuickBooks. By implementing the best methods for managing your accounting data, you can actually improve your financial bottom line.
But . . . are you guarding all of that precious data? QuickBooks provides ways to help you. Some are automatic, but you have to initiate others.
Sage ERP MAS 90 versions 4.0, 4.05, and 4.10, and Sage ERP MAS 200 SQL versions 3.72, 3.73, and 3.74, will be retired as of September 30, 2011. After retirement, product updates (including year end) and telephone support will no longer be provided by Sage. However, customers who stay with a maintenance plan will continue [...]
Sales Orders in QuickBooks: Why? When? How? There aren’t that many different types of forms to keep straight in QuickBooks, but you likely don’t use all of them. You probably use invoices and purchase orders frequently, and may fill out the occasional sales receipt or credit memo or estimate. But what about sales orders? You [...]
Oceanside, California, November 15, 2010. Jodi Coppens, President of AdvantEdge Accounting Solutions Inc., has been recognized by Cambridge Who’s Who for demonstrating dedication, leadership and excellence in accounting. Jodi Coppens, AdvantEdge Accounting Solutions’ President, is a dynamic accounting software consultant and trainer. Her extensive background in analysis and financials, including experience as the CFO of [...]
Advanced Inventory Solve your business’s complex inventory needs with the Advanced Inventory add-on for QuickBooks Enterprise Solutions 11.0. It works right in QuickBooks with the same user interface and no need for separate software or data integration. NEW! Know the Value and Quantity of Inventory in Multiple Locations For each location, you can see how [...]
How do you let customers know they owe you money? Probably by sending invoices. And how’s that working for you? If your customers are all conscientious and pay on time, maybe that’s all you need to do. But perhaps you need to consider doing at least part of your billing by dispatching statements. These forms [...]
Filling out invoices the first time can be a pain, especially if they’re lengthy. But doing the same thing repeatedly if the identical invoice recurs regularly? No need. QuickBooks can memorize a variety of transaction types, including invoices, purchase orders, and bills. After you’ve memorized them, you can edit, reschedule, and delete them, as well [...]
