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Category Archives: QuickBooks
QuickBooks Desktop vs. QuickBooks Online
If you’re in a desktop version of QuickBooks (Pro/Premier/Enterprise) you may be wondering if it’s time to move to QuickBooks Online (QBO) so you have remote access and because some 3rd party products are saying Desktop QuickBooks (QBDT) is going away or work only with QBO. With the new products rolling out soon, I thought this would be good to discuss pros/cons – and my opinion ;-) Continue reading
Posted in Job Costing, QuickBooks, Remote Access
Tagged Enterprise, estimate, job cost, labor, Payroll, QBDT, QBO, QuickBooks, QuickBooks Online, QuickBooks Premier, Remote Access
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Protecting Your Business From Fraud
How safe is your business from fraud? While many worry about someone hacking into their systems, you’re more likely to experience embezzlement by a trusted employee. About 28% of small businesses have this unfortunate experience. So here are some checks and balances you can put into place both in procedures and in QuickBooks to limit opportunity for theft or discourage most employees from even trying. Continue reading
Posted in Business Finance, Cash Flow, QuickBooks
Tagged Bookkeeping, checks, embezzlement, Fraud, QuickBooks
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Is Your QuickBooks File “Insured”?
Computers and software are great when they work. But if your computer crashed or your QuickBooks file was corrupted and unusable, do you have a recent backup of your QuickBooks data file? QuickBooks provides two ways (actually, three) to create a copy of your QuickBooks data file. When is each appropriate, and how do you proceed? Continue reading
Posted in Business Finance, QuickBooks, Security
Tagged portable, QuickBooks, restore
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Tracking Use Tax
If you have to collect sales tax, then chances are your report form asks you about use tax. Use tax is a sales tax on purchases taxable in your state but for which you were not charged. It’s easier to keep up with tracking as you go along, rather than waiting until the end of the report period, especially if you pay quarterly. So here are the steps to simplify your reporting. Continue reading
Posted in Business Finance, Cash Flow, QuickBooks, Reports
Tagged audit, QuickBooks, sales & use tax audits, sales tax, taxable, taxable purchases
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Cash Flow Tools In Quickbooks
Most businesses have peaks and valleys, so business owners find monitoring cash flow is always important. Here are 5 tools in QuickBooks that can help you monitor your cash flow. Continue reading
Posted in Business Finance, Cash Flow, QuickBooks
Tagged Bill Tracker, cash flow, cash flow forecast, Income tracker, projecting cash flow, QuickBooks, ratios, Snapshot
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Secrets to Monitoring the Health of Your Business in QuickBooks
How healthy is your business? Many businesses just look at their profit & loss statement (aka income statement), but you could be missing out on some helpful information. If you’ve ever struggled financially, but your P & L shows a profit, these ratios can explain why. Lending institutions often use these ratios to analyze your financial statements as part of the loan approval process, so wouldn’t you like to know what they’ll see? Continue reading
Have You Checked These Balances Lately?
The Balance Sheet is an important report in your business’s financial statements. Unfortunately, I find that many small businesses never look at this report. Usually it’s either because they don’t understand the report or they think it has nothing to show them in terms of profitability Continue reading
Posted in Business Finance, QuickBooks
Tagged balance sheet, net worth, profitability, QuickBooks
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What Your Profit & Loss Is Really Telling You
It’s year-end and time to review how you did. Gross Profit Margin and Net Profit Margin are two numbers you want to look at – they help you with both reviewing your numbers and planning for the upcoming year. Here’s what they are and how you can easily view them. Continue reading
Posted in Business Finance, Job Costing, QuickBooks, Reports
Tagged accrual, Cash, cash flow, cost of goods, Gross Profit, margin, Net Profit Margin, Profit & Loss, profitability, QuickBooks
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Commonly Overlooked Features In Quickbooks Pt 2
I frequently see that there are features in QuickBooks that can be very useful but clients frequently are unaware of their existence or how they can help. So, today’s article takes a look at several features you might find helpful. Continue reading
Posted in Features, Job Costing, Payroll, Productivity Tips, QuickBooks
Tagged billable, collections, Payroll, QuickBooks, timesheets, work order, Workers Comp
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A Few of My Favorite Features in QuickBooks
There are many features I like in QuickBooks, guess that’s why I support the software! But I find when I’m with new clients who have been using QuickBooks for a while or clients who are upgrading, I always like to share a few of the features I like either as a business owner or from a timesaving bookkeeping perspective. So here’s my list: Continue reading
Posted in Features, Power Tips, Productivity Tips, QuickBooks
Tagged Features, Power Tips, Productivity Tips, QuickBooks
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