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QuickBooks Tip: Tying the Profit and Loss to the Profit and Loss by Job

The Profit & Loss by Job report shows all of the income and expenses you have assigned to Jobs on Checks, Bills, Invoices, Journal Entries, etc. However, the totals on the Profit & Loss by Job report may not agree to the totals on the Profit & Loss.

Intuit challenge offers $1,000 for QuickBooks users

Intuit, the maker of financial software products including QuickBooks and Quicken, has launched the Client Data Review Challenge, a sweepstakes that gives QuickBooks Premier Accountant 2009 and 2010 users the chance to win $1,000 simply by using Client Data Review.
Practice Development

Increase billings (and value) for existing QuickBooks clients

There is a new technology available that brings the local accounting professionals back into the game, especially when offering QuickBooks training to their own clients.

New and enhanced features in QuickBooks 2010

As with any new version the value proposition for upgrading is very high for accounting professionals. In my opinion the enhancements to the Client Data Review feature alone more than justify the investment in the new version for any accounting professional.

U.S. DOL revises certified payroll reporting requirements for Form WH-347

By Nancy SmythEffective January 18, 2009 Prime/General contractors and subcontractors who perform work on federally funded construction projects are no longer required to display the home address and social security numbers of employees on the certified payroll report form WH-347 that they submit. Instead you are now required to display the employee's full name and the last 4-digits of his/her social security number as follows XXX-XX-1234.

Break-even point: 5 easy steps to understand pricing and ensure profitability

By Pam NewmanHow many units (products or hours of service) do you have to provide to cover your costs? Don't know? Well, then it is about time to find out! Follow these 5 Easy Steps to Understanding Your Break-Even Point! It's the key to determining your pricing and profitability!First of all, you need to know your selling price and the direct costs of the product/service you provide per unit.
AccountingWEB Life

Social media strategies to build a QuickBooks practice

By Diana DiBello and Scott H. Cytron, ABCRemember the old story about getting that "first" job? The feedback went something like this: "Without experience, we can't hire you. However, you have no experience, so we can't hire you."

Repairing corrupted data files in QuickBooks

By Joe Woodard, AccountingWEB QuickBooks columnistIntroductionIn my opinion QuickBooks is as "bug" free as any product on the market and is much less troublesome than most applications. Intuit has an incredible beta testing process before each new version and the company issues releases periodically throughout the year as users report issues and the programmers resolve those issues.

Can you really do that in QuickBooks?

By Joe Woodard, AccountingWEB QuickBooks columnist Restricting Changes to the Chart of AccountsThis trick prevents users from making the following changes to the chart of accounts: Merging Accounts Changing Account Types Changing Sub-Account/Parent Account AssignmentsReason for the Trick

Intuit acquires PayCycle, expands services for small businesses

Intuit Inc. has signed a definitive agreement to purchase PayCycle Inc., one of the nation's fastest-growing online payroll services, serving more than 85,000 small businesses. The cash transaction is valued at approximately $170 million, subject to adjustment. Privately held PayCycle, based in Palo Alto, CA, is a leader in online payroll for small businesses, accountants, and financial institutions.

Using QuickBooks to prevent fraud

By Amy VetterYour protection against fraud is only as good as your internal control and accounting procedures. Often business owners simply rely on software, yet software is only one component of the control environment. In this article, CPA and Advanced Certified QuickBooks ProAdvisor Amy Vetter shows how QuickBooks can contribute to a holistic approach to control. A Case Study in Weak ControlsIt was the day before I was going to have my second child. I was saying my "Goodbyes" at my client before leaving to go to the hospital the next morning.

Checklist of 25 elements of appropriate controls with QuickBooks

By Amy VetterHelping clients protect themselves from fraud is one of the most valuable services you can provide. The security features in QuickBooks can contribute to a holistic approach to control in concert with best business practices. In this article, CPA and Advanced Certified QuickBooks ProAdvisor Amy Vetter provides a list of 25 areas or issues – both inside and outside the software – that are crucial to an adequate defense against fraud.

How important is a QuickBooks backup?

By Anne ColesOne of the most common questions from clients is, "How often should I back up my QuickBooks?" The best answer is "every day!" (Or anytime you are doing a data import or upgrading your version of QuickBooks). The challenge is that many businesses lack the discipline to back up their data daily.

Using CRM to gain and maintain a competitive edge

By Naseem SaabWhy CRM?CRM (Customer/Client Relationship Management) is software that is used to record, track, and report on all prospect, customer, and vendor activities and transactions. CRM allows businesses to have information that is immediately available, complete and up-to-date, enabling them to respond appropriately to any request, to increase effectiveness and success. Firms used to consider this type of centralized and comprehensive information resource a desirable option. Now it's a business necessity.

Sleeter Group selects Results Software as a strategic partner

The Sleeter Group and Results Software have announced an alliance to deliver an integrated business solution to the small to medium business market, where Customer Relationship Management (CRM) solutions are in high demand.The new relationship empowers the Sleeter Group Consultants Network (SGCN) of over 600 QuickBooks consultants, to offer Results CRM products and services to their clients who are seeking to leverage their investment in QuickBooks by integrating it with their office operations and customer relationship managemen

10 Low-cost security strategies for your business

By Diana DiBelloIf your personal or business security strategy is little more than a set of colorful sticky-notes with passwords attached to your screen, you are in big trouble!In today's environment, we should know better than to leave passwords and other sensitive information in plain sight - making our systems vulnerable to attack.

Is your Item setting skewing your QuickBooks reports?

By Anne ColesTroubleshooting item problems in QuickBooks can be a challenge because setup issues (i.e. using a single-sided item) don't stand out on the income statement. Often the only indicator that there is a problem is that the income is either grossly over- or under-stated. A single-sided item has only one box to choose an account. You can tell which item is single-sided because the "This service is used in assemblies or is performed by a subcontractor or partner" box is not checked. When the box is not checked (i.e.

Three simple steps for upgrading to the newest QuickBooks

By Carol Barleycorn, customer care technical specialist at IntuitUpgrading to the newest QuickBooks is as simple as 1-2-3. [See Note, below.]1. Verify your file in the current version of QuickBooks.A recommended form of file maintenance is to run the Verify utility on your data file in the current version of QuickBooks. This will streamline the conversion process later by making sure data problems are identified and corrected now. Complete a rebuild if asked. Run the Verify again AND if there are no errors proceed with the upgrade.

Automating expense control delivers huge returns

by Bill VergantinoIf you are like most small-to-midsized business executives, your primary focus is on growing revenue and controlling company spending. To that end, you leverage technology to eliminate inefficient processes in your company, such as a CRM system to manage revenue and an accounting or ERP solution as your back-end financial system of record.

Don’t get caught in the nexus trap

By Diana DiBelloIn sales and use tax, nexus is one of the most active areas of debate and analysis. Many an unsuspecting company has been caught in the snares of a state's nexus!Nexus requirements vary by state and often catch a seasoned tax professional unaware. Unlike income tax, PL 86-272 does not offer protection from sales tax.


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