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QuickBooksRus ... is the place to get QuickBooks support, training information, and questions answered.
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QuickBooks allows many ways to accomplish the same result, but not all of them is good for your business accounting. We offer a full line of traini...
We offer year end clean up services before you turn over your books to your CPA, and we offer business analysis and coaching how to improve your pe...
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Financial statements that are accurate and timely are great tools in analyzing your business performance and health. First, you to make sure that the information is accurate ... this takes often someone to review your statements and discuss your business practices.
Then they must be timely ......
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Financial statements that are accurate and timely are great tools in analyzing your business performance and health. First, you to make sure that the information is accurate ... this takes often someone to review your statements and discuss your business practices.
Then they must be timely ... keep in mind financial statements are "historical" ... they are the past and the sooner you can review this past, the sooner you can make the necessary corrections needed. I believe you as a business owner should have final financial statements by the 5th of the following month ... now this does take work to accomplish and typically will not happen for the a while, but it can be done. Once you do get the financial statements then the part of understanding what they mean, and where you are comparatively to like businesses and basic performance levels. This is called benchmarking, and every industry has these key performance indicators (KPI's). In addition, today creating "Dashboards" is a very visual way of looking at your financial data. I specialize in service type businesses primarily, but have other industry types as clients ... I wrote and ebook for one of the industries I specialize in that you are welcome to review that may alos answer more of your questions ...
https://flipbook.publishing.design/view/6783/2102
I work with clients worldwide. I have clients with Sage Products (Business Works, Mass 90, etc), Peachtree, Simply Accounting, QuickBooks Desktop (Pro, Premier, Enterprise), Patriot, and QuickBooks Online. QuickBooks Desktop is by far the most common, the easiest to work with, and competitively...
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I work with clients worldwide. I have clients with Sage Products (Business Works, Mass 90, etc), Peachtree, Simply Accounting, QuickBooks Desktop (Pro, Premier, Enterprise), Patriot, and QuickBooks Online. QuickBooks Desktop is by far the most common, the easiest to work with, and competitively priced. I do not recommend QuickBooks Online unless you have a very simple company. The work flow designed on Online is awful, and many clients have scores of issues when trying to clean up the books at month or year end. if you feel it is necessary to access your accounting out of the office, setting up a remote control connection is always possible. BTW: QuickBooks Desktop does have a native program designed specifically for Mac, but I highly suggest you use the PC Version and use the emulation programs available. I have several clients that do this with no issues.
Unfortunately most CPAs are good for tax and compliance to tax related rules and laws. Most do not understand the client's business, their KPI's, or their industry benchmarks. To complete a tax return requires very little detail in the GL compared to analyzing the business, and seeing the areas...
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Unfortunately most CPAs are good for tax and compliance to tax related rules and laws. Most do not understand the client's business, their KPI's, or their industry benchmarks. To complete a tax return requires very little detail in the GL compared to analyzing the business, and seeing the areas of needed improvement.
The key to a good bookkeeper in my opinion is their attention to detail and willingness to ask before just "putting it somewhere" in the General Ledger. I have trained and coached over 100 individuals one-on-one to perform the bookkeeping duties for their company. In many cases, they started...
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The key to a good bookkeeper in my opinion is their attention to detail and willingness to ask before just "putting it somewhere" in the General Ledger. I have trained and coached over 100 individuals one-on-one to perform the bookkeeping duties for their company. In many cases, they started with zero accounting knowledge and zero QuickBooks knowledge. The attention to detail is important so that they will be want to have the transactions in the correct accounts, and follow the proper procedures to accomplish it. This may also mean a willingness to learn, do it the right way and not the just the easy way. My goal is always to demonstrate that unless we do this correctly, the information in accounting will be no value to the owner to understand their business, see needed areas of improvement, and create strategies to accomplish it.
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I have specialized in small service business support for 30 years. 99% of them use QuickBooks Desktop. If you have a Mac, I do not recommend the QuickBooks Mac version, but to use the PC version with virtualization. The Mac version has always, and may always be behind on features and...
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I have specialized in small service business support for 30 years. 99% of them use QuickBooks Desktop. If you have a Mac, I do not recommend the QuickBooks Mac version, but to use the PC version with virtualization. The Mac version has always, and may always be behind on features and development.
I am not a fan of QBO (their online version) only because its workflow is nowhere as good as the desktop version. It is nice for sharing and easier to access than desktop using remote connections, and you have less of a concern of data loss.
If a client has never used the desktop version, they would not know the difference, and I have a few clients that it does fit their needs better. Intuit obviously wants every one on a subscription and is pushing online any chance they get. They offer us Certified Advisors and Consultants incredibly low pricing to switch clients to online.
In addition, many service businesses as well as other industries have 3rd party management system that handle daily operational elements of their business. Many of these do not interface in online, so that will also be a consideration we need to discuss as well.
Right now, the best deal for purchasing QuickBooks Desktop is through Costco ... under $200.00 for Desktop Pro, and if you want payroll the best deal is $289.00 including the first year of payroll ... this would normally be over $500.00 from Intuit.
Always here to help.
Lots of Restaurants: Sizzler, Don Pablos, Paramount Pizza, Ponderosa, Linders, Stable Influence, Damon's, Knobby's, Jerry's, Burger Chef.
Clothing: Roderick St. Johns, Tom McCanns
Entertainment: Little America, Riverside
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Lots of Restaurants: Sizzler, Don Pablos, Paramount Pizza, Ponderosa, Linders, Stable Influence, Damon's, Knobby's, Jerry's, Burger Chef.
Clothing: Roderick St. Johns, Tom McCanns
Entertainment: Little America, Riverside
I attempted to trademark a product I have a few years ago .... the paperwork is awful, the cost is high, and all said and done I let it become abandoned after all the information they required. It seems that it can only be done by a specialized attorney and very costly.
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I attempted to trademark a product I have a few years ago .... the paperwork is awful, the cost is high, and all said and done I let it become abandoned after all the information they required. It seems that it can only be done by a specialized attorney and very costly.
There are several causes ...but originates from the same issue.
QuickBooks handles pre-payments with a negative receivable. In other words, you received an unearned payment or deposit for a job and the sale(invoice) has not be entered or imported...
These pre-payments should be tarnsferred at...
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There are several causes ...but originates from the same issue.
QuickBooks handles pre-payments with a negative receivable. In other words, you received an unearned payment or deposit for a job and the sale(invoice) has not be entered or imported...
These pre-payments should be tarnsferred at the end of each month to a Liability Account normally called "Customer Deposits" or Pre-Payments ... then the entry is reversed at the beginning of the next month (if the job is scheduled to be completed within the month) to be available when the invoice is finalized.
Negatives also happen when there is an overpayment to an invoice is made, and the either the amount has not been adjusted out to Other Miscellaneous Income, or the proper refund process has not been performed.
If you are looking at a Cash Basis Balance Sheet and there is a negative A/R listed (There should be zero on a Cash Basis) it is probably due to the above ...
Almost always due to payments received but no sale to for them to be applied ...
I too can take a look and tell you for sure what is happening.