Monday, December 30, 2019

QuickBooks Happy Business: Karate Kid Tax Time Savings


Sensei Kreese used to snap during tax time. But now that he has QuickBooks, the only thing he’s snapping are his receipts.

Friday, December 27, 2019

5 Reasons Why Your 2019 Goals Failed | Brian Tracy


Are you wondering why your 2019 goals/resolutions might have failed? When it comes to achieving success, the most important step is setting good goals, however, not all goals are created equal. Watch today's video to start 2020 with the right tools to achieve your goals.

Tuesday, December 24, 2019

Saturday, December 21, 2019

How to Run Payroll and Set Up Direct Deposit in QuickBooks Online


This video will go over how to run a payroll using QuickBooks Online Payroll. We’ll also show you how to change an employee from a paper check to direct deposit.

Wednesday, December 18, 2019

How to Connect with Your Team


Co-workers should have a deeper connection than just shared to-do lists and meeting times. In order to have effective relationships in and out of the office, you need to focus on commonality. Watch the full video to learn what Simon T. Bailey has to say about connecting with your team members and how you can develop relationships beyond the surface.

Sunday, December 15, 2019

QuickBooks | Why It Pays to Give Employees a Flexible Schedule


Offering flexibility at work increases employee productivity, lifts morale, and improves retention. Find out why everyone benefits from flexible schedules.

Thursday, December 12, 2019

Getting Unstuck


There will be times in your life when you feel stuck and when you're stagnant, but when you have those moments, there are three things you should do:

1. Analyze when you have been successful in the past
2. Be mindful of how you speak to yourself and the language that you're using
3. Begin to identify what you have done right instead of you've done wrong

Monday, December 9, 2019

How to Fix Beginning Balance Issues When Reconciling | QuickBooks Online


When you reconcile your books in QuickBooks Online you might see an alert saying your beginning balance is off. This means something changed in month you already reconciled. Here are the four reasons this could happen:

- The amount of a transaction changed
- Someone unreconciled a transaction in the register
- Someone added a transaction to a past reconciliation on accident
- Someone deleted a transaction.

This video will go over how to fix each of these.

Friday, December 6, 2019

How to Use the Power of Self-Discipline | Brian Tracy


Losers make excuses; winners make progress. One quality you can develop to stop making excuses and start seeing results, which will guarantee you greater success, accomplishment, and happiness in life - is self-discipline. Today I'll give you some self-discipline tips.

Tuesday, December 3, 2019

How to Set Up Auto Payment Reminders | QuickBooks Online Advanced


Reminding customers to pay overdue invoices is hard to manage and easy to forget to do even though it is vital to your business. QuickBooks Online Advanced helps solve that problem with Workflows. This video will show you how to set up a workflow that automatically reminds your customers when they are late, or almost late, on a payment. We’ll also show you how you can customize each step so you can control what gets sent out when.

Saturday, November 30, 2019

3 Tips to Start the Morning


Simon T. Bailey has 3 unique tips to start the morning and they all start with apps! Check out this video to learn more about these great ways to start your day.

Wednesday, November 27, 2019

Sunday, November 24, 2019

How to Set Up QuickBooks Payments | QuickBooks Online


QuickBooks Payments lets you accept credit cards, debit cards, and ACH bank transfers. QuickBooks processes the payment and records the transaction for you all at once.

You can take payments directly from customers on your computer or mobile phone, either manually or with a card reader. You can also include payment options on invoices so your customers can pay you faster.

This video shows you how to set up Payments in QuickBooks Online.

Thursday, November 21, 2019

Why Accountability Is Key to Being a Better Leader


If you're looking to be a better leader in all aspects of your life, you have to hold yourself accountable. Accountability is keeping your commitments to people. Holding those commitments will build deeper, more meaningful relationships and when you build deep relationships with people, you create loyalty and trust. Once you create loyalty and trust, people will never want to let you down because they know that you'll never let them down.

Monday, November 18, 2019

QuickBooks | How to Not Lose Your Best Employees


Every small business owner knows good employees are incredibly valuable assets. So how can you keep workers engaged and excited about growing with your business? We turned to the experts to find out.

Friday, November 15, 2019

Tuesday, November 12, 2019

The Worst Cashflow Mistakes Small Business Owners Make


The worst cash flow mistakes a small business owner can make can be counted on one hand. They have one thing in common, and that's about failing to follow the money. They're about keeping your eye on the prize, and we go through them here, ending with advice about how to track your own company money using expense management software for small businesses...

Failing to think before you splurge. Great! You've started a business. You're on the road to fame and fortune, and now's the time to invest in an expensive suit and a new car, isn't it? No, in short, it isn't. This is exactly the time NOT to commit money - yours of the company's - to anything you don't need. So there's the first lesson. Understand the difference between 'want' and 'need'. To succeed in business you need a phone, but the Armani suit can wait...

Expecting the best. This is about your financial planning. Understand that you're not going to be a millionaire in the first year. On the contrary, you'll be doing well if you can afford to pay yourself anything like a salary in Year One. If you overestimate the number of units you can sell or the clients you can get to come on board, then revenue will be lower than you predict, and you may find yourself overstretched with any finance package you've put in place.

Offering credit. Poor paying suppliers can cripple small businesses. If you're made to wait for payment, that's like offering them an interest-free loan, and you shouldn't do it. It's perfectly reasonable to ask for payment up front, so long as you're ready to honor your commitment. After all, you wouldn't expect the local supermarket to give you a month or more's credit on your grocery shop (though if you're a supplier to them, the boot would be on the other foot). In general, large organizations are slower payers, and also have complex internal procedures in place about how and when payments can be made. Better to work with smaller companies, where you have direct access to the person with the power to pay.

Being cash poor. If you've made careful and conservative cash flow forecasts in the early days of your business, everything's fine, so long as cash moves as you'd predicted. But what happens if it doesn't? If you have no cash cushion you could be in trouble. Try to have a couple of months-worth of cash in the bank so you could carry on if you had no income at all. It'll help you sleep easier, too.

Not making an unpaid finance assistant work for them. Bet that caught your attention didn't it? This is not about the kind of modern slavery that has people working for nothing, but it's about technology. It's about arming yourself with good quality business expense management software for small businesses and being disciplined in its use. In the early days of your business, you need to be especially careful with money, because having little of it generally sharpens the focus in the need to be a good money manager. In later years, when you've earned a wedge, there's no reason to take your foot off the control pedal. Keep a tight rein on finance, and you'll be rewarded with better dividends in the future. Selection of the right small business expense management software will enable you to keep track of expenses very easily, but more importantly, it will allow you to interrogate the data, and show you how effectively you're managing spending and cashflow - and show where improvements can be made. And picking the right package means it'll offer excellent value for money because the savings you make by using it are probably going to be more than the cost of investing in it in the first place.

Article Source: http://EzineArticles.com/expert/Sunita_Nigam/2148823

Article Source: http://EzineArticles.com/9954112

Saturday, November 9, 2019

How to Record a Bank Deposit Using Undeposited Funds | QuickBooks Online Tutorial 2019


The final step in the sales process is to record your bank deposit. We’ll go over how to do this using the Undeposited Funds account. This lets you group multiple customer payments together into a single bank deposit. However, this step is not necessary if you already deposited the funds directly into your bank account in QuickBooks during the receive payment process.

If you want to know how payments get into Undeposited Funds we cover that in our videos on How to Record an Invoice Payment and How to Record a Sales Receipt.

Thursday, November 7, 2019

Body Language of Leaders - What You Can Learn From the Best


Become a leader by modeling yourself after the best.

We describe leaders as people who carry themselves differently and possess a magnetic charisma. Leaders are the alphas: they are instantly memorable, hold authority and seem to be ahead of the game. In this video, I will you share with you how leaders use their body language and nonverbal communication to appear more powerful, trustworthy and successful.

Sunday, November 3, 2019

How to Set Up Products & Services | QuickBooks Online Tutorial 2019


QuickBooks comes with some basic products and services but setting up your own gives you more accurate reports and helps to save you time later. This video will show you how to:

- Set up QuickBooks to match what you sell
- Choose between inventory, non-inventory, and service type items
- Know which fields are important and which ones you can skip when you set up a product or service
- Get more accurate reports and save time later

Thursday, October 31, 2019

How to Eliminate Your Financial Problems | Brian Tracy


The primary reason for financial problems in life is lack of self-discipline, self-mastery, and self-control. People continue to spend and borrow as if there is no tomorrow, but it's never too late to turn your situation around to achieve financial independence.

Monday, October 28, 2019

Don't Be That Boss: Sayings You Should Never Let Slip


A workplace's success all comes down to communication, so be sure to avoid saying these things to your employees.

Friday, October 25, 2019

How to Record an Invoice Payment | QuickBooks Online Tutorial 2019


Once your customer pays your invoice you need to record it in QuickBooks. We'll go over two ways you can receive payment and how to properly use the undeposited funds account to keep your books accurate.

Tuesday, October 22, 2019

How Accounting Services Can Help a Small Business


Accounting services aren't just for multi-million dollar corporations. From startups to established family businesses, using an accountant to keep track of income, expenses and taxes can help any company reach its potential. Here are five reasons for any business to consider outsourcing their bookkeeping to a premier accounting provider.

1. Free Up Employees

A company may not have enough paperwork to justify a full-time accounting position. However, when non-accountant employees have to split their time between balancing the books and performing their other duties, they are unable to be as effective as employees who only have to concentrate on one job. By hiring a financial management firm to take care of their accounts, the company allows employees to do the jobs they were hired for.

2. Ensure Accuracy

Keeping up with accounts payable, accounts receivable, tax documents and other financial information can be complicated. Good accounting services employ Certified Professional Accountants, or CPAs, who are licensed and highly trained. By employing a numbers expert, a company is helping to ensure the accuracy of their books. This can help avoid costly mistakes that may lead to litigation or even the closure of the business.

3. Stay Up-To-Date

Tax laws and local regulations change frequently, and it can be hard to keep track of all the updates. Also, if a business is growing quickly, it can be difficult to keep track of the different laws that may apply at different stages of growth. A company can help ensure they stay in compliance by employing a dedicated firm whose sole responsibility is understanding these regulations. The accountant can make recommendations to the business owner about any changes that need to be made or upcoming financial legislation that may be relevant.

4. Limit Liability

Many accounting services provide some guarantee for their work within the initial contract. This means that if discrepancies occur, the service provider will be liable for any mistakes that are found. However, financial disputes can tie up working capital for long periods of time, so it's still important to do due diligence and choose a firm with a good reputation and solid experience.

5. Plan Ahead

Financial experts will understand all sides of a company's financial picture, including upcoming budgets. Expert financial analysis can help create a more balanced budget, making it easier to plan future expansions or, if necessary, cutbacks. With proper forecasting, a business will be more likely to have appropriate inventory on hand, have enough funds for payroll, and pay enough quarterly taxes, to name a few examples.

With these tips, a business owner can see why it's important to outsource their bookkeeping to a professional service provider.

Article Source: http://EzineArticles.com/9697644

Saturday, October 19, 2019

Manage Access with Custom User Permissions | QuickBooks Enterprise


Expand your business and delegate work with peace of mind. With Enterprise, you’ll have more control over user permissions than with any other version of QuickBooks. You can share the workload and be more productive while controlling who has access to what data.

Wednesday, October 16, 2019

Bookkeeping Service - Know What to Look For


Outsourcing your tax and bookkeeping needs to a professional service can be a great way to save yourself and your company lots of money and time. It can also be a disaster if you do not carefully screen the potential bookkeeping services and find one that is competent and qualified.

There are several personality traits that are associated with excellent bookkeepers and you should try to find a service that employs people with these skills and talents.

For starters, a good bookkeeping service will have individuals on staff that is passionate about what they do. That means that the bookkeepers love dealing with numbers and math. They should have a great grasp of the relevant mathematical concepts and love finding the errors in sums and calculations.

Another important quality for good bookkeepers to have is a penchant for details. This requires looking over and paying attention to Lots of details, and it those details that will make a big difference in whether your company gains or loses money. You want to choose a bookkeeping service that employs people who are good at reading the fine print, and sorting out the important and necessary information from the irrelevant data.

Using time effectively is also an essential characteristic of a top quality bookkeeping service. Since you are paying the service to take care of your books and ultimately save you money, you should expect the bookkeepers to know how to efficiently manage their time to make the most of your money.

This means that they must be able to prioritize all the required tasks and be able to give full attention to each task at a time. They should also plan enough time into their schedule to look for problems and mistakes and to fix or solve them. An especially good service will require its employees to keep an audit of their own time spent on your accounting projects.

Technologically Savvy

Fortunately, most of these services today are technologically savvy because they have to be in order to be competitive. The nature of business and finance today is all electronic and automated, so it is important to find a bookkeeper who is up to date with all the pertinent software.

It also helps if he or she is well versed enough in technical things in order to be able to troubleshoot any problems that come up. Finally, the right bookkeeping service will keep a full staff of very analytically-minded employees. This means they are able to review all the information and data from your business and understand the big picture and how each component of your finances affects the others.

They should be able to offer advice for future bookkeeping and financial decisions based on all the information they analyze. The best way to find a service with all the right qualities is to conduct in-person interviews and ask specific questions that will help you detect the presence or absence of the required characteristics.

After interviewing several bookkeeping services, you should be able to narrow it down to the one that seems most aware of the essential qualities needed to effectively take care of your finances.

Article Source: http://EzineArticles.com/2380439

Sunday, October 13, 2019

All About Chargebacks | QuickBooks


If you take credit card payments, you may have to deal with chargebacks from time to time. They are an annoyance and can be costly, but don’t worry. We'll walk you through what a chargeback is, what to do about them, and how to minimize them.

Thursday, October 10, 2019

5 Life Hacks Every Successful Person Knows | Brian Tracy


Not everyone follows the same path to success, however, there are certain traits that most successful people have in common. If you've been looking for a way to quickly boost your own progress toward your goals, here are some qualities that all successful people make use of.

Monday, October 7, 2019

How to Create an Invoice | QuickBooks Online


In this QuickBooks Online tutorial you'll learn how to record a customer invoice along with:

- Understand what information I should record on an invoice
- Send an invoice and see what my customer will receive and view
- See where and how invoices impact reports

Friday, October 4, 2019

Things to Look For in a Bookkeeping Service


A business owner has a multitude of duties in running their company. If it is a small business, chances are that the owner is doing a bit of just about everything including hiring, firing, tending to customers, stocking inventory and handling the financial books.

A larger company may have someone on staff that tends to the ledgers but employee turnover can lead to constant headaches and retraining. If this important chore is turned over to a service which specializes in just this, it can certainly streamline the workings of a company.

Things to look for when you're thinking of outsourcing your accounting include:

- Reputation: How long has this bookkeeping service been in business? How many clients do they serve and for how long? Can they give references? Getting a word of mouth referral from another business that is similar to yours is quite helpful.

- Experience: Do they have experience working with companies such as yours? Small or large, dry cleaners or telecoms, each type of business requires specific knowledge.

- Credentials of their staff: Who exactly will be working on this highly sensitive part of your company? What is their training? Has their background been checked out to assure their trustworthiness? Is a certified accountant overseeing the work?

- Cost and services included: There is a smorgasbord of services that may be offered, including payroll, state, and federal tax preparation and payments, property taxes. What, specifically, is offered in each accounting package? How much can be accomplished online?

- Are they familiar with the tax laws in your state? Each state has a different set of tax laws. Make sure that the company you select is familiar with the rules and regulations in your particular state.

- Will they represent you in case of an audit? In case of a tax auditing of your business, will they prepare the paperwork and documents that you will need? Are they knowledgeable enough to back you up if necessary?

- Turnaround time: How long will it take to get paychecks to your employees or your company's taxes properly filed?

- User-Friendly: Are they available when you have questions? Do they have adequate staff to help you when you need them? Are they able to explain their practices and procedures in a satisfactory manner? Do they seem like an easy fit and a company you'll feel comfortable doing business with? Along with everything else, compatibility is an important component of a successful business relationship.

Article Source: http://EzineArticles.com/expert/Andrew_Stratton/83489

Article Source: http://EzineArticles.com/2835814

Tuesday, October 1, 2019

How to Setup your QuickBooks GoPayment Bluetooth Mobile Card Reader


Learn how to setup the QuickBooks GoPayment Chip and Magstripe Mobile Card Reader. Now you can connect your mobile credit card reader via Bluetooth to your iPhone or Android mobile device. This video will help you quickly setup your reader to the GoPayment app so you can start taking credit and debit card payments today.

Saturday, September 28, 2019

Eliminate These 10 Words From Your Writing


Remove the clutter and write with substance by dropping these words from your vocabulary.

Friday, September 27, 2019

Focus on Profitability with Job Costing | QuickBooks Enterprise


Get more visibility on the true cost of each job at every stage. With QuickBooks Enterprise, you’ll have the most robust job costing of any QuickBooks product. Get a snapshot of your business at any time, and drill down to the details. You’ll be able to cut costs and discuss overruns with time to spare, and focus on your most profitable services. Plus, TSheets time tracking by QuickBooks and QuickBooks Payroll make it easier to schedule shifts, track hours, and run payroll.

Sunday, September 22, 2019

Earn More Money and More Time. Eliminate the Time Wasters! | Brian Tracy


Time management is life management. It requires self-control, self-mastery, and self-discipline. By improving your time management skills, you will inevitably improve your quality of life. In today's video, we review the one discipline that is essential to everything else you want to achieve.

Thursday, September 19, 2019

How to Combine Multiple Forms in a Single Email | QuickBooks Desktop 2020


How to combine multiple forms in a single email in QuickBooks Desktop 2020. QuickBooks 2020 lets you do away with sending your customers a barrage of emails. Now you can combine multiple forms in a single email with a new feature in the Send Forms window.

Friday, September 13, 2019

How to Set Up Automated Payment Reminders | QuickBooks Desktop 2020


Stay on top of open invoices and get paid faster by setting up automated payment reminders in QuickBooks Desktop 2020.

Tuesday, September 10, 2019

Saturday, September 7, 2019

Advanced Inventory | QuickBooks Enterprise


With Advanced Inventory, QuickBooks Enterprise can help your business manage inventory and fulfill sales orders more effectively. Track product movement and storage right down to the row, shelf and bin, and use pick, pack and ship to help you manage every sale from start to finish. With support for Landed Cost, manufacturers can track true costs to maintain profit margins. With Cycle Count, wholesalers and distributors never have to shut down a warehouse to take inventory. With QuickBooks Enterprise, your accounting and inventory are seamlessly integrated – so you can get more done.

Thursday, September 5, 2019

4 Management Traps to Avoid at All Costs


While every leadership style is different, every boss should steer clear of these negative traits.

Sunday, September 1, 2019

How to Create Employee Profiles in QuickBooks Desktop


Before you can pay your employees in QuickBooks, you’ll need to create profiles for them. In this video, we’ll go over how to create employee profiles in QuickBooks Desktop. These steps are the same for all versions of QuickBooks Desktop Payroll.

Monday, August 26, 2019

Friday, August 23, 2019

Bookkeeping Services - Let a Professional Handle Your Accounts


Many use bookkeeping services, especially if they have companies or organizations. Before using this sort of company, make sure it is reputable and follows all rules and guidelines.

Those who have bookkeeping companies help record the value, assets, liabilities, income and expenses in a ledger or journal. The individual will post entries debit and credit entries chronologically in the journal. Those who have companies or organizations usually need bookkeepers. Others decide to use individual or family bookkeepers to track the income and expenses of the family using a register.

Before these professionals did their services using a paper and pen but now there is advance software which can help with bookkeeping. Many people either use a single entry or double-entry system. A single entry system uses the information found in the income and expense account while a double-entry system forces the individual to post the entry twice as either a debit or a credit. An accountant, on the other hand, prepares the income state and balance sheet using information prepared by a bookkeeper.

There are also online booking companies, which have become very popular recently. Online bookkeeping allows your information to be kept and tabulated on the web. This will allow you to choose a bookkeeping company that does not necessarily live in your immediate area but somewhere else, as long as they have access to your paperwork and receipts regularly.

If you are a company who has a lot of mobile employees, they can scan and send receipts to the remote place and get reimbursed quickly. Also, if you have more than one office, online booking can be ideal. Most entries made are recorded and stored remotely and you can access the software anywhere in the world and check all of your entries.

If you decide to use bookkeeping services, ask your friends, professional peers or relatives if they have any recommendations. Before hiring anyone, make sure they have years of experience in the field and can provide you with references which you can call. Rates for bookkeepers can vary depending on the experience of the individual, the location of the business and the software used so make sure you use someone who is in your price range.

If you use an outside company to handle your accounts, you may save money in the end. If you are a small business, you do not need full-time employees who handle your journals which mean you can save on payroll as well as overhead costs, which can free up your schedule and allow you to focus on important things instead of bookkeeping problems. You can allow professionals to handle your needs who can produce desired results efficiently and effectively.

If you choose to hire a company who specializes in bookkeeping, make sure you investigate them thoroughly to make sure they can meet your goals and expectations. Ultimately a good bookkeeping company can handle all of your bookkeeping needs and allow you time to focus on developing and running your business.

Article Source: http://EzineArticles.com/1879380

Wednesday, August 21, 2019

Create Custom Fields In QuickBooks Advanced


Create up to 10 custom fields, utilizing 4 data times, exclusively in QuickBooks Online Advanced.

Saturday, August 17, 2019

10 Effective Closing Requirements in Sales | Brian Tracy


Before you ask the customer to make a buying decision, there are a series of bases you must touch. Any attempt to bring the sales process to a conclusion with even one of these elements missing can cost you the sale. Learn how to increase sales with these 10 effective closing requirements.

Saturday, August 10, 2019

6 Steps to Thinking Like a Millionaire | Brian Tracy


I think you'll agree with me when I say that everybody wants to know how to become a millionaire and get rich. Unfortunately, some people just don’t know where to start. Would you be surprised to learn that you can get rich in your own way, starting today?

Thursday, August 8, 2019

Laurel Glass & Mirror Inc. Case Study



Company: Laurel Glass & Mirror Inc.

Website: www.laurelglassandmirror.net


History: Laurel Glass and Mirror Company established in the heart of Main Street historic Laurel, Maryland in 1983. For the past 35 years, the company has been family-owned and operated and is in its third generation of management. Old-fashioned customer service and friendliness have been the heart of company core values you feel when you walk through the door and are greeted by the family English bulldog. The company provides commercial and residential glass and mirror products, custom cuts, shower doors, storefronts, and many other products.

Business Challenge: The company was using QuickBooks Enterprise to manage their business, but were discouraged by the lack of information populating job cost reports to help it determine profitability of commercial and residential projects.

The available job costing reports showed zero costs per job. Raw materials for their custom cut glass jobs were purchased in various large sheet sizes, but sold by square foot. Those costs were not showing in any job costing reports. Annual journal entries made by their accountant to adjust purchases and inventory assets to the end of year inventory count did not provide sufficient real-time data to determine whether or not jobs were profitable, and worse — were not allocated to the jobs completed.

Additionally, labor costs were a large component of their overall production costs and were not applied to the jobs. Paper timecards for 19 employees were hand-entered and weekly payroll was a chore that took almost a whole day including journal entries.

The company reached out to Turn Key Office for help.

Solution : Based on the client’s goals, we made a conversion to QuickBooks assisted payroll with job costing. We implemented an off-the shelf software product that provides electronic time keeping that is integrated with QuickBooks timesheets and payroll.

Now, employees use their smartphones to simply clock in and out to the work orders. Payroll and timekeeping become a breeze taking only a few minutes. As an added benefit, labor costs are allocated to the jobs, there are no journal entries and no more paper timesheets!

Next, Turn Key Office helped explain how job costing and inventory management goals can be achieved by utilizing units of measure to track sheets of raw materials purchased by the “sheet” and consumed by the square foot. We implemented embedded conversions to the various sheet sizes procured and mapped them to square feet for accurate inventory reports.

We also helped educate the team on the proper use of inventory and non-inventory item types and how job costing is accomplished with each type of item. We made choices of the effective use of each item type based on the type of sales transactions, set up the items appropriately, and made adjustments to represent on-hand quantities.

Conclusion : Now, the books accurately reflect the inventory on hand. And, the management team has the real-time job costing reports it needs to help identify and grow the profitable parts of the business, and they spend much less time on bookkeeping tasks!

Monday, August 5, 2019

Thursday, August 1, 2019

3 Keys to Managing Cashflow to Grow a Business


The co-founder of a creative agency called Narrative shares her best tips for keeping tabs on money coming in and going out of her company.

Monday, July 29, 2019

Friday, July 26, 2019

Case Study for Carefree Recreation Boat Club

At Turn Key Office, we delight in using QuickBooks as a component tool of a more comprehensive business solution. We take pride in understanding our clients’ unique business challenges and in implementing solutions that often extend well beyond the basic capabilities of QuickBooks. The case studies below illustrate some of these challenges and solutions for vastly different industries.



Company: Carefree Recreation Boat Club

Website: www.carefreeboats.com

History: Carefree recreation offers annual membership and access to a wide variety of recreational boats in marinas throughout the United States. Their slogan: “Boating without Owning! It’s about Time” says it best, as clients throughout the United States enjoy all the benefits of being a boat “owner” without the maintenance, storage fees, insurance and hassle of owing, weather and docking. For a reasonable monthly fee, members can enjoy premium access to boats at a time and location of their choosing.

Business Challenge: To maintain member billing, the owners Jessie Clark and Doug Zimmerman kept membership start/stop dates in a spreadsheet and manually entered monthly invoices into QuickBooks. Each month, the member’s service expiration date is checked and an invoice mailed for the monthly dues if appropriate. Each payment was processed through Intuit payment network if the member had a payment method on file.

In addition to being time-consuming, the owners felt they were held captive to Intuit merchant prices and wanted to make sure the merchant fees they were paying were market-competitive.

Another challenge Jessie and Doug faced was how to delegate bookkeeping tasks on payables without delegating check-signing authority. Like many business owners, controlling who, when and how much vendors are paid is an important part of managing cash flow and preventing fraud. They desired a more flexible solution that would also accommodate travel and temporary relocation overseas and examine vendor invoices before making payments. In short, they needed to make sure they remained an effective and integral part of the day-to-day activities of their business while they could not be in the office.

They turned to Turn Key Office for help.

Solution: Based on the growth of her business, we converted the company data file to QuickBooks Enterprise on our back office server so Jessie and Doug could have 7×24 access from any internet connection. Instead of a spreadsheet, the monthly memberships were set up as memorized transactions with expiration dates set up for each member so invoices would automatically generate for the right periods and amounts.

Additionally, we helped set up Intuit Bill Pay and established a dedicated email box for their vendor invoices. Turn Key Office staff is able to post the payables each week, and add electronic images of all bills received to the bill copy in QuickBooks. Jessie and Doug retain full control (via a secure PIN) over which vendors are paid – when – and how much. As an added bonus, bookkeeping is minimized because payments are posted directly into QuickBooks immediately as they are paid.

Next, we looked at the merchant solution. We love the integration of merchant payments with QuickBooks and its ability to eliminate redundant data entry. However, the solution does not allow clients to shop for competitive merchant providers. We located and implemented a third-party software solution called Fi-Soft that drops payments seamlessly into QuickBooks, but “back-ends” into any merchant using a compatible gateway. Thus, we were able to create the best of both worlds – merchant integration with QuickBooks, virtually zero data entry, and competitive rates. As an added bonus, the solution helps with security because NO sensitive payment data is stored on the host network or in the QuickBooks file.

Conclusion: Jessie and Doug now have peace of mind they are able to manage all of their payables, billing and competitive merchant fees with one platform. The platform accommodates their busy schedules allowing them to travel and manage marinas throughout the country. Payables and client payments “auto-post” and are up to date in real-time. Their effectiveness using hosted QuickBooks with Intuit Bill Pay and Fi-soft integration allows them to focus on other important aspects of growing their business.

Tuesday, July 23, 2019

How to Setup Projects in QuickBooks (without QuickBooks Online Payroll)


In this QuickBooks Online tutorial you'll get an overview of the Projects feature that allows you to track income, material costs and labor expenses for each of your projects. Specifically, you’ll learn:

Where to see all your projects and a snapshot of their profitability
Where to assign costs to a project
How to find more details on a project

Note: This tutorial is for users who have QuickBooks Online Payroll enabled. There is a separate tutorial if you are not a user of QuickBooks Online Payroll.

Saturday, July 20, 2019

5 Things Highly Focused People Do


If you were to ask someone like Mark Zuckerberg, Oprah Winfrey, or Elon Musk why they have managed to create such incredible success in life, they would probably credit their achievements to one thing: their ability to FOCUS.

Wednesday, July 17, 2019

Accelerated Invoicing In QuickBooks Online Advanced


Create invoices 37% faster with Accelerated invoicing, exclusively in QuickBooks Online Advanced. The Advanced approach to batch invoicing allows you to create multiple invoices for multiple customers with ease. You can create a single invoice, multiple invoices, and/or import from a CSV file - then adjust invoices individually as desired.

If you’re a growing medium-sized business looking for the best accounting software, QuickBooks Online Advanced is full of features built for businesses like yours. QuickBooks Online Advanced is the most powerful QuickBooks Online plan with deeper insights, more flexibility, and more productivity so you can grow your business faster.

Sunday, July 14, 2019

Become a Money Saving Expert | Brian Tracy


Resolve today that you are going to save and invest at least 10 percent of your income throughout your working life. Take 10 percent of your income off the top of each paycheck each time you receive one and put it into a special account for financial accumulation.

Thursday, July 11, 2019

Streamline Your Inventory Management | QuickBooks Enterprise


Beverage distributor Coast Beverage used the powerful tools and scalability of QuickBooks Enterprise to grow from a small company to a large one. They now work with customers and brands at a national level, using Enterprise to forecast inventory, place purchase orders, communicate in real-time with sales reps, and consult reports on the products they should continue to stock. Thanks to QuickBooks Enterprise’s Advanced Inventory features, they hardly ever use the phrase “out of stock.”

Tuesday, July 9, 2019

Practical Tips to 10x Your Company


Business Model Innovation or Regeneration is important to keep your business from becoming obsolete. Watch this video to learn tactics to continue to evolve your business model and company.

Friday, July 5, 2019

The All-In-One Solution For Business Management | QuickBooks Enterprise


When you’re running a business, accounting software just isn’t enough. QuickBooks Enterprise is an all-in-one solution that helps you manage your business, no matter the industry.

Whether you’re in Wholesale & Manufacturing, Contractor, Retail, Professional Services, Nonprofit, or another industry, you deserve the power and flexibility to accomplish everything from creating purchase orders to running payroll, all with customized user permissions that put the right information into the right hands. QuickBooks Enterprise has these and all the features you need, plus the option to access them from anywhere, anytime. And when your business grows, Enterprise has the power and capacity to expand with you.

Tuesday, July 2, 2019

KOL Foods, Inc Case Study

At Turn Key Office, we delight in using QuickBooks as a component tool of a more comprehensive business solution. We take pride in understanding our clients’ unique business challenges and in implementing solutions that often extend well beyond the basic capabilities of QuickBooks. The case studies below illustrate some of these challenges and solutions for vastly different industries.



Company : KOL Foods, Inc

Website : www.kolfoods.com

History : KOL Foods formed in 2007 with a groundbreaking effort to produce the first kosher, organically raised, local, grass-fed meat. Founder and CEO, Devora Kimelman-Block, established a three-pronged partnership with a synagogue in Washington, DC, a slaughterhouse and a local farmer to produce the meat. Scores of kosher consumers, who until then could only buy kosher meat raised in confinement, were eager for this product. In just its second offering, the company generated sales for more than 2400 pounds of beef though a single email. Jews from 14 different area synagogues, ranging from Reform to Conservative to Orthodox, purchased this meat.

Today KOL Foods ships to the entire continental United States and produces the only domestic, 100% grass-fed, kosher beef and the only organic-fed, pastured, kosher chicken and duck in the United States. Each and every day, they strive to be the most transparent kosher meat company on the planet. That way, customers don’t have to choose between eating according to their values and keeping kosher.

Business Challenge : KOL Foods quickly outgrew QuickBooks Premier as they added scores of new clients, products to their custom-designed website and as word-of-mouth spread.

In addition, her current bookkeeper used QuickBooks Premier, so Ms. Kimelman-Block had no real-time access to payables to predict cash flow and manage her vendor payments. Data files were transferred from the bookkeeper, to Ms. Kimelman-Block and then to the CPA and back. Cash flow management was not available. Vendor payments were completed with hand-written checks, and then sent to the bookkeeping service for entry.

Most importantly, there was no integration between their custom designed website order system and QuickBooks, so Ms. Kimelman-Block had to rely on insufficient and untimely data to make decisions about inventory to meet her clients’ needs. Her prior bookkeeping service hand-entered every order from the website into QuickBooks. With orders as high as 50,000 items in a single month, her current bookkeeping procedures left her books six months in arrears.

She reached out to Turn Key Office LLC for help.

Solution : Based on the growth of her business, we converted her data to QuickBooks Enterprise on our back office server and setup Intuit Bill Pay.

We provided a dedicated payables email box for her vendors so that our back office team could post all of her payables and attach the backup for each vendor bill. Ms. Kimelman-Block retained sole control of when, whether and how much each vendor was paid with a clear view of available and committed cash on hand. As an added benefit, she could continue to manage her payables even while travel requirements took her away from home.

Most importantly, we devised a workflow and a tool using off-the-shelf software where weekly sales orders and merchant sales are imported seamlessly into QuickBooks. The data that used to take months to hand-enter is now completed in the span of a few hours from start to finish. Ms. Kimelman-Block has full real-time access to her books, the CPA also has access, and she has full control of all payables.

Conclusion : The critical reports she needs to manage her business effectively are available within a day or two of closing the month. The procedures are accurate, consistent and timely. Ms. Kimelman-Block can turn her attention back to serving her customers and growing her business.

Saturday, June 29, 2019

Advanced Pricing | QuickBooks Enterprise


Advanced Pricing in QuickBooks Enterprise makes it easy to automate your pricing rules for discounts, bulk orders, seasonal promotions, or high-value customers – no more manual changes that take extra time and may cause errors. You can even set up rules that depend on multiple factors. QuickBooks Enterprise is flexible enough to work the way you do. Let it take care of the details, while you make your customers happy.

Wednesday, June 26, 2019

4 Small Business Cash Flow Must-Dos


"Cash flow" can feel like four-letter words to small business owners. Whether they've got a steady stream or a lazy river, there are some things entrepreneurs must do in order to ensure Chaos Inc. doesn't drain them.

Stressing out over cash flow leads to chaotic management, self-doubt, and saying yes to just about anything.

So take a gander at my 4 must-dos for small business cash flow—even if you're presently backstroking through coins like Scrooge McDuck._____

Sunday, June 23, 2019

Advanced Inventory | QuickBooks Enterprise


With Advanced Inventory, QuickBooks Enterprise can help your business manage inventory and fulfill sales orders more effectively. Track product movement and storage right down to the row, shelf and bin, and use pick, pack and ship to help you manage every sale from start to finish. Manufacturers can track true costs to maintain profit margins. With Cycle Count, wholesalers and distributors never have to shut down a warehouse to take inventory. With QuickBooks Enterprise, your accounting and inventory are seamlessly integrated – so you can get more done.

Thursday, June 20, 2019

The Importance of Time Management | Brian Tracy


Time is your most precious resource. Perhaps the greatest single problem that people have today is “time poverty.” Working people have too much to do and too little time for their personal lives. Here are some tips for prioritizing your time so that you have more time to spend with your family.

Monday, June 17, 2019

Advanced Reporting | QuickBooks Enterprise


QuickBooks Enterprise was built with the most powerful, customizable reporting of any QuickBooks product. Pick from 200 built-in reports, including 70 reports that are industry-specific for Contractors, Manufacturers, Wholesalers & Distributors, Retailers, Nonprofits, Professional Services like accounting and law, and more. You can even build your own report or edit any existing report for your business’s unique needs. Plus, our comprehensive help portal will answer all your reporting questions. The powerful insights of Advanced Reporting will help you better understand your business data so you can make better business decisions.

Friday, June 14, 2019

7 Ways To Add Value To Your Business | Brian Tracy


There are seven secrets to add value in your job and in the world around you. Any one of these ideas can be sufficient for you to become financially successful. When you begin to combine these ideas together, you’ll begin to move ahead rapidly in your financial life, business, and career.

Tuesday, June 11, 2019

5 Accounting Tips That Will Help Your Small Business


Running a small business means staying focused on your finances. Without proper management of receivables, marketing expenses, and even debts, you could end up sinking the small business before it even starts to grow. Luckily, there is always something you can do to ensure that such risks are prevented. You can create and implement simple bookkeeping strategies to save your business and help it grow to its full potential.

1. Weigh your options

Is it better to get a bookkeeper or can you handle accounting by yourself? This is the question you should start by asking yourself before anything else. Cutting costs are definitely what you are prioritizing as a small business, but helps to handle what you can and leave experts to do what they do best. You can hire accountancy services to help you get your finances in order without spending too much on the services. There are numerous accountancy firms today and most offer all sorts of accounting services at affordable rates so you can easily get what you need as a small business.

2. Separate accounts receivables from borrowed funds

Financial backing or loans are beneficial to small business to aid marketing campaigns and even capital among other things, that the business needs in the initial stages. Get organized and keep the loans separate so they do not appear in your receivables because then you can easily get confused as to what is yours and what you need to pay back. There are very good easy to use software you can use for this task to keep everything organized and clear to you.

3. Keep an eye on your balances

Large amounts on your receivable column can be a good thing indicating that your business is doing well, but it is a different case when the money does not end up reflecting in your business account. Clients can be tricky and can avoid payments and when this happens regularly then your business remains at risk. Put in strict policies or terms so that you are able to receive due payments at the right time. You might be desperate to get clients, but you can't do it at the expense of your growing business; if you must refuse to give more services or materials until pending payments are made.

4. Keep track of your daily expenses

Everyday expenses records are very important for all kinds of business, but more so the small businesses. Keeping track of your daily expenses does not only help in clearly knowing where your money is but also puts you in a better position to budget for the weeks ahead.

5. Know your minimum monthly profit

Even the smallest businesses require running strategies and when you have an accurate system in place, then you will manage to keep things in order. Calculate your expenses and regular obligations so you know the minimum income needed every month. Have a target in terms of how much you should earn every month, so the numbers don't get too confusing.

Article Source: http://EzineArticles.com/9319403

Saturday, June 8, 2019

How to Enter Project Transactions in QuickBooks (w/ QuickBooks Online Payroll)


In this QuickBooks Online tutorial you'll learn how to enter transactions for a project along with: How to assign a transaction to a project

How to make costs billable to a customer
How to track worker expenses for a project
How to invoice for a project

Note: This tutorial is for users who have QuickBooks Online Payroll enabled. There is a separate tutorial if you are not a user of QuickBooks Online Payroll.

Wednesday, June 5, 2019

How to Network | Brian Tracy


Networking is ultra important in today’s business world. In order to succeed, you must rely on others. The right people can always help you. Follow these networking tips, and use them in all parts of your career life.

Sunday, June 2, 2019

How to Use QuickBooks Projects to Track Project Income and Costs (without QuickBooks Online Payroll)


In this QuickBooks Online tutorial you'll get an overview of the Projects feature that allows you to track income, material costs and labor expenses for each of your projects. Specifically, you’ll learn: 

Where to see all your projects and a snapshot of their profitability
Where to assign costs to a project
How to find more details on a project

Note: This tutorial is for users who do not use QuickBooks Online Payroll. There is a separate tutorial for users of QuickBooks Online Payroll.

Thursday, May 30, 2019

3 Reasons You'll Never Become Wealthy


Becoming wealthy has a lot to do with your mind. Many people try to find a big break or the secret to making them rich, and in today's video, Jack Canfield discusses the 3 main reasons why you won't become wealthy.

Monday, May 27, 2019

How to Create a Payroll Schedule in QuickBooks Desktop


Make paying employees simple by setting up a Payroll Schedule in QuickBooks Desktop. A Payroll Schedule lets QuickBooks remember your pay periods, who you need to pay, and when your checks go out. So you won’t need to fill those in every time you create paychecks. These steps are the same for Basic, Enhanced or Assisted Payroll

Friday, May 24, 2019

3 Things Successful People Do Differently | Brian Tracy


Successful people maintain good habits that go hand in hand with success in every area of endeavor. How you work determines the quality and quantity of your rewards. Here are 3 things that successful people do differently than unsuccessful people.

Tuesday, May 21, 2019

The Worst Cashflow Mistakes Small Business Owners Make


The worst cash flow mistakes a small business owner can make can be counted on one hand. They have one thing in common, and that's about failing to follow the money. They're about keeping your eye on the prize, and we go through them here, ending with advice about how to track your own company money using expense management software for small businesses...

Failing to think before you splurge. Great! You've started a business. You're on the road to fame and fortune, and now's the time to invest in an expensive suit and a new car, isn't it? No, in short, it isn't. This is exactly the time NOT to commit money - yours of the company's - to anything you don't need. So there's the first lesson. Understand the difference between 'want' and 'need'. To succeed in business you need a phone, but the Armani suit can wait...

Expecting the best. This is about your financial planning. Understand that you're not going to be a millionaire in the first year. On the contrary, you'll be doing well if you can afford to pay yourself anything like a salary in Year One. If you overestimate the number of units you can sell or the clients you can get to come on board, then revenue will be lower than you predict, and you may find yourself overstretched with any finance package you've put in place.

Offering credit. Poor paying suppliers can cripple small businesses. If you're made to wait for payment, that's like offering them an interest-free loan, and you shouldn't do it. It's perfectly reasonable to ask for payment up front, so long as you're ready to honor your commitment. After all, you wouldn't expect the local supermarket to give you a month or more's credit on your grocery shop (though if you're a supplier to them, the boot would be on the other foot). In general, large organizations are slower payers, and also have complex internal procedures in place about how and when payments can be made. Better to work with smaller companies, where you have direct access to the person with the power to pay.

Being cash poor. If you've made careful and conservative cash flow forecasts in the early days of your business, everything's fine, so long as cash moves as you'd predicted. But what happens if it doesn't? If you have no cash cushion you could be in trouble. Try to have a couple of months-worth of cash in the bank so you could carry on if you had no income at all. It'll help you sleep easier, too.

Not making an unpaid finance assistant work for them. Bet that caught your attention didn't it? This is not about the kind of modern slavery that has people working for nothing, but it's about technology. It's about arming yourself with good quality business expense management software for small businesses and being disciplined in its use. In the early days of your business, you need to be especially careful with money, because having little of it generally sharpens the focus in the need to be a good money manager. In later years, when you've earned a wedge, there's no reason to take your foot off the control pedal. Keep a tight rein on finance, and you'll be rewarded with better dividends in the future. Selection of the right small business expense management software will enable you to keep track of expenses very easily, but more importantly, it will allow you to interrogate the data, and show you how effectively you're managing spending and cashflow - and show where improvements can be made. And picking the right package means it'll offer excellent value for money because the savings you make by using it are probably going to be more than the cost of investing in it in the first place.

Article Source: http://EzineArticles.com/expert/Sunita_Nigam/2148823

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Saturday, May 18, 2019

How to Use Timesheets in QuickBooks Desktop


In this QuickBooks tutorial, you'll learn how to use timesheets using QuickBooks Desktop Payroll. This tutorial is relevant as long as you have Basic, Enhanced or Assisted Payroll. Specifically, we’ll go over:

How to set up employees for time tracking
How to set up and use a timesheet
How to create paychecks with timesheet data

Wednesday, May 15, 2019

How To Set Long-Term Goals In Business | Brian Tracy


Your ability to set long-term goals and constantly be thinking about the future of your business has an inordinate impact on the success and profitability of your enterprise. All top executives are long-term thinkers, and you should be too.

Sunday, May 12, 2019

Happy Mother's Day!


A mother is your first friend, your best friend, your forever friend. 
Unknown

Thursday, May 9, 2019

How to Use QuickBooks Projects to Track Project Income & Costs (w/ QuickBooks Online Payroll)


In this QuickBooks Online tutorial you'll get an overview of the Projects feature that allows you to track income, material costs and labor expenses for each of your projects. Specifically, you’ll learn: 

Where to see all your projects and a snapshot of their profitability
Where to assign costs to a project
How to find more details on a project

Note: This tutorial is for users who have QuickBooks Online Payroll enabled. There is a separate tutorial if you are not a user of QuickBooks Online Payroll.

Monday, May 6, 2019

Stress Your Money Less: Three Reasons Why Small Businesses Need Accounting Firms


All small business owners know the feelings of dread and hassle that come inherently with tax time. Doing your own taxes is challenging enough, but when you've got to prepare forms for your business and your employees, it becomes even more daunting. That's where the services of accounting firms can really come in handy. But how, exactly, can they serve you? What purpose does it serve to pay someone else to handle your business's fiscal issues, and what do you need the most help with? The answers might surprise you.

Payroll Pleasure

It's recommended that unless you can afford to keep someone with a financial background on staff at all times, you don't try to handle your own payroll. For many small business owners, payroll taxes can be something that falls between the cracks with alarming ease, which can land you in hot water with the IRS pretty quickly. Outsourcing your payroll to a team of experts is the quickest and easiest way to ensure you avoid tax troubles. It's common for local, state, and federal tax regulations to change from season to season, and if you are not careful it's possible that one such change can go unnoticed. These are the sort of things that outsourced companies are trained to handle, so you can sleep just a little easier at night.

Helps Your Bottom Line

Would you have ever dreamed that outsourcing could save you some money? With the advantage of newfound visibility and clarity for your business's financials, there is a sense of control and openness that you might not have had before. This can also make you look better in the public eye should you choose to share this information broadly, and increase trust and business. Most fiscal entities won't charge you an exorbitant amount of money to take advantage of the services that they provide. You'll find that it's not common to be charged by the user, but per transaction. It's common and easy to work out arrangements that suit you best.

Lets You Focus More On You

Tasks like bookkeeping are no small feat. They take a lot of time, time that could often be spent doing something else to focus on your business's actual function and not the behind the scenes parts of it. It's also the most frequently neglected and challenging task small business owners face. Professional accounting firms can help you make sense of the ins and outs of the accounting world, and can keep your fiscal ducks in a row with little to no involvement on your part. You, in turn, get updated statistics that give you a better idea of how your business is faring. This lets you know what you need to focus on moving forward and gives you more time to form strategies to that end.

Do some digging into local accounting firms, and figure out what exactly it is you need from one to help you make the most of your business. A good head for business is important, but so is keeping all your affairs in order. The right set of people can make all the difference in the world, and make your venture fare even better than it was before.

Article Source: http://EzineArticles.com/expert/Andrew_Stratton/83489

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Friday, May 3, 2019

How to Add & Manage Users For Your Company | QuickBooks Online Tutorial 2019


In this QuickBooks Online tutorial, you'll learn how to add and edit additional users for your company including:
- Setup new users and administrators to enter transactions
- Add new users that only have access to reports, entering their time activities, or receiving payments
- Edit existing users to change their access levels

Tuesday, April 30, 2019

How to Develop the Leadership Quality of Courage | Brian Tracy


Courage is one of the most important leadership qualities. Courage is what causes you to 'launch' and take action, which then allows those around you to follow. Leaders must be prepared to develop this quality if they wish to be successful in business.

Saturday, April 27, 2019

How to Create Paychecks with QuickBooks Desktop


In this QuickBooks tutorial you'll learn how to create paychecks for your employees using QuickBooks Desktop Payroll. This tutorial is relevant as long as you have Basic, Enhanced or Assisted Payroll. Specifically, we’ll go over:

Where to enter hours for employees
How to create paychecks for employees
Where to print your checks or start the direct deposit process

Wednesday, April 24, 2019

5 Things You Need to Know About Becoming Successful


The road to success is filled with tough decisions, almost like an intense game of This or That. Will you wake up early to reach your goals or prioritize rest? Will you leave your job to pursue your passion or start a side hustle? It's all up to you, but before you decide, hear some great advice from Simon T. Bailey.

Sunday, April 21, 2019

Sunnyside Millwork Benefits from QuickBooks Payroll Same-Day Direct Deposit | QuickBooks


The owner of Sunnyside Millwork realized he needed a payroll processor when he hired his first employee. His priority is to be the best boss possible to his employees and same-day direct deposit payroll helps him do that as well as focus more time on his business.

Thursday, April 18, 2019

6 Tips to Becoming a Millionaire | Brian Tracy


Everyone wants to know how to become a millionaire and get rich. Here are 6 tips to help you with achieving this goal and make more money. These tips will help you visualize the road ahead to becoming a millionaire.

Monday, April 15, 2019

Choosing QuickBooks Payroll Over Doing It Manually


QuickBooks Payroll saves small business owners like Kaleigh Ashworth the time and hassle of learning how to do payroll manually. Setting up payroll was a breeze and Kaleigh can now use the time she’s saving from payroll management to spend time with her family and run her business.

Friday, April 12, 2019

This Is What Makes a Great Leader Stand Out


A good leader is always in service to others. Whether they choose to guide the people around them with empathy, inspiration or solid business principles, you can count on a strong leader to put the team first.

Tuesday, April 9, 2019

How to Enter Project Transactions in QuickBooks (without QuickBooks Online Payroll)


In this QuickBooks Online tutorial you'll learn how to enter transactions for a project along with:

How to assign a transaction to a project
How to make costs billable to a customer
How to track worker expenses for a project
How to invoice for a project

Note: This tutorial is for users who do not use QuickBooks Online Payroll. There is a separate tutorial for users of QuickBooks Online Payroll.

Saturday, April 6, 2019

How to Overcome Procrastination | Brian Tracy


In today's video, I'll share 5 strategies you can use to overcome procrastination, even if you consider yourself to be a chronic procrastinator.

Wednesday, April 3, 2019

How to Use Project Profitability Reports in QuickBooks (w/ QuickBooks Online Payroll)


In this QuickBooks Online tutorial you'll learn how to use Project Profitability Reports along with:

Profit margin for each project
Time cost by employee or vendor
Unbilled time and expenses

Note: This tutorial is for users who have QuickBooks Online Payroll enabled. There is a separate tutorial if you are not a user of QuickBooks Online Payroll.

Sunday, March 31, 2019

7 Strategies to Grow Your Business | Brian Tracy


What does it take to be successful in today’s business world? To start, you have to have a product that’s wanted or needed, and it has to be properly priced. That’s just the beginning. In order to have a successful business, practice these seven tips to grow your business.

Thursday, March 28, 2019

How to Categorize Transactions From Your Bank & Credit Card | QuickBooks Online 2019 Tutorial


In this QuickBooks Online tutorial you'll learn how to navigate the software along with:

- Add transactions QuickBooks downloads from my bank and credit card
- Categorize downloaded transactions correctly
- Teach QuickBooks to automatically categorize transactions for me
- Add important details like payee, description and more

Monday, March 25, 2019

Simple Accounting Terms


There are literally thousands of accounting terms, and if you are an accountant, of course, you are familiar with them all. For the rest of us, there are certain things that we should be at least a little familiar with, after all, if we handle the household budget on a monthly basis we are actually doing a little accounting of our own.

An accountant is someone who is highly skilled in recording and reporting financial transactions, possibly having to report to numerous people within the company, keeping them abreast of how it is going financially and being the one who deals with the tax collection agencies and other outside forces.

An account payable is something that sounds exactly what it is. It an amount owed to a creditor for goods and/or services. In a grocery store, your account payable would be the price of a dozen eggs or a loaf of bread. In an office setting, it could be the amount owed for new office furniture or the rent on the building.

An account receivable on the other hand is a claim against a debtor for the uncollected amount. As an accountant, you are looking to receive this debt at some time or another, and then it will become a balanced sheet once again. If for whatever reason, this debt can never be collected, it is considered a bad debt--it is not receivable.

Which brings us to balance. What is a balance? Well, it's a basic financial statement that shows who owes what and who has paid what up to that date. The bottom line, similarly is the financial statement that shows net income or loss from one date to another.

We all want a positive cash flow. This means that we have money and we are spending less than we are making. A cash flow, by definition, is the net of cash receipts and cash disbursements relating to a particular activity during a certain period whether that period is a week, a month or a year.

A bookkeeper is sometimes referred to as an accountant, and while they do some of the same things, a bookkeeper really just, well, keeps the books. That is, they record the financial transactions of a company or business. They keep note of what goes in and what comes out in the hopes of maintaining a balanced account, and sufficient cash flow at all times.

Article Source: http://EzineArticles.com/expert/Amanda_J_Hales/1311545

Article Source: http://EzineArticles.com/9819192

Friday, March 22, 2019

How to Set Up Sales Tax: Settings, Sales, & More | QuickBooks Online Tutorial 2019


In this QuickBooks Online tutorial you'll learn how to set up sales tax for your company along with:

- Discover the Sales Tax Center
- Explore the steps to set up sales tax for your company
- Edit your sales tax settings and set up additional sales tax rates
- Set up your products and services so that sales tax is calculated when selling them
- Create non-taxable customers

Saturday, March 16, 2019

How to Track and Pay Sales Tax: Tracking, Recording, & Reports | QuickBooks Online Tutorial 2019

In this QuickBooks Online tutorial you'll learn how to track and record sales tax payments along with:

- Understand the effects of sales tax transactions in your Sales Tax Center
- Run reports to track the sales tax you've collected
- Record sales tax payments in QuickBooks

Sunday, March 10, 2019

How to Collect and Record Sales Tax | QuickBooks Online Tutorial 2019


In this QuickBooks Online tutorial you'll learn how to record sales with sales tax along with:
- Enter a sale involving sales tax from scratch
- Discover how sales tax is calculated on sales forms

Monday, March 4, 2019

QuickBooks Desktop Point of Sale: Adding Inventory


Keeping track of your inventory just got a whole lot easier with QuickBooks Point of Sale. With every transaction, your inventory will be updated so you’ll know when you need to reorder. Learn more about How to add Inventory in QuickBooks Desktop Point Of Sale.

Saturday, March 2, 2019

Why Failure is Good for You


In this video, Brian Tracy gives you tips on how to accept failure and use it to propel you to even greater success. Failing can be better for you in the long run, as it spurs you forward and fans the flames for better success in the future.

Wednesday, February 27, 2019

The Top Reasons Your Business Will Benefit From Outsourcing Bookkeeping Services


When you are operating a business, you already have a lot of responsibilities on your shoulders. Your main focus is to keep things running smoothly and to make a profit. Maintaining the record books is something that you may not always have time to do. There are plenty of bookkeeping service companies out there that can help make sure you get all of your paperwork done properly so it doesn't pile up.

Even if you have the time to take care of your records, doing so is probably your least favorite task. It is time-consuming, it requires you to sort through piles of paper, and you cannot focus on where you are needed when you are stuck behind the desk. By hiring out bookkeeping services, you can take advantage of all the benefits that go along with having someone else take care of this daunting job.

You may have avoided hiring bookkeeping services because you did not want to load up all of your documents and take them to a provider every week. You also could not afford the cost that goes along with having an accountant or professional come to your office. Now, with technology and the Internet, one option is to get all of your bookkeeping done online.

By having someone else take care of your records, you are going to have more time to focus on the rest of your company's operations. This may be the number one benefit to outsourcing this job. You know that time is money and you never seem to have enough of it. The small fee associated with hiring a professional bookkeeping agent is going to be nothing compared to the free time you get out of it.

When you hire a full-time or even a part-time accountant to have on the payroll, you are going to acquire costs that are associated with having an employee. When you outsource your bookkeeping services to one of these online outlets, you are only paying for the services you use when you use them. In the end, you are saving your business a lot of money.

Another reason to outsource your bookkeeping services is so that you have the experience of record keeping working for you. The knowledge that you need involving record keeping will always be available to you without you having to pay the full cost of hiring a professional accountant. This makes you more available to spend the time necessary to properly staff your employees and take care of your work.

An outsourced bookkeeper is going to be able to concentrate more on their job when they are located in their own working environment. Instead of an office staff member getting caught up in the busy day-to-day operations of your company, they will be able to spend the time necessary to complete the record keeping work that needs to be done so you get the best results.

You can have an HR manager, secretary, or other employee take care of your records for you. However, this puts more pressure on them and also gives them access to funds and other information you may rather keep private. You can avoid possible fraudulent activity by having a third-party professional keep track of all your paperwork.

The outsourcing businesses that are out there specialize in keeping records. With this being their main focus, they are going to spend the time and resources to get the best software available to do their job. In turn, you are going to receive the benefits that go along with the most updated systems.

There are plenty of benefits to outsourcing your bookkeeping. By becoming aware of what they are you can make a more educated decision on whether it is the best option for your business.

Article Source: http://EzineArticles.com/expert/Matthew_M_James/2187977

Article Source: http://EzineArticles.com/9357990

Saturday, February 23, 2019

Introducing Projects in QuickBooks Online


This video walks you through how to set up Projects in QuickBooks Online. QuickBooks Projects intuitively tracks income, expenses and labor costs. Get a clear picture of your projects and project profitability all in one place.

Wednesday, February 20, 2019

3 Keys to Managing Cashflow to Grow a Business


The co-founder of a creative agency called Narrative shares her best tips for keeping tabs on money coming in and going out of her company.

Sunday, February 17, 2019

Thursday, February 14, 2019

Morning Habits to Jump Start Your Brain


The first hour after you wake up in the morning is the most impactful of your day. So how can you spend the first 60 minutes of your morning in a way that sets you up for success throughout the day?

Here are some morning habits and strategies from Jack Canfield, based on his forty-year career of learning from and working with the world’s leading entrepreneurs, executives, and creative geniuses.

Monday, February 11, 2019

The Worst Cashflow Mistakes Small Business Owners Make


The worst cash flow mistakes a small business owner can make can be counted on one hand. They have one thing in common, and that's about failing to follow the money. They're about keeping your eye on the prize, and we go through them here, ending with advice about how to track your own company money using expense management software for small businesses...

Failing to think before you splurge. Great! You've started a business. You're on the road to fame and fortune, and now's the time to invest in an expensive suit and a new car, isn't it? No, in short, it isn't. This is exactly the time NOT to commit money - yours of the company's - to anything you don't need. So there's the first lesson. Understand the difference between 'want' and 'need'. To succeed in business you need a phone, but the Armani suit can wait...

Expecting the best. This is about your financial planning. Understand that you're not going to be a millionaire in the first year. On the contrary, you'll be doing well if you can afford to pay yourself anything like a salary in Year One. If you overestimate the number of units you can sell or the clients you can get to come on board, then revenue will be lower than you predict, and you may find yourself overstretched with any finance package you've put in place.

Offering credit. Poor paying suppliers can cripple small businesses. If you're made to wait for payment, that's like offering them an interest-free loan, and you shouldn't do it. It's perfectly reasonable to ask for payment up front, so long as you're ready to honor your commitment. After all, you wouldn't expect the local supermarket to give you a month or more's credit on your grocery shop (though if you're a supplier to them, the boot would be on the other foot). In general, large organizations are slower payers, and also have complex internal procedures in place about how and when payments can be made. Better to work with smaller companies, where you have direct access to the person with the power to pay.

Being cash poor. If you've made careful and conservative cash flow forecasts in the early days of your business, everything's fine, so long as cash moves as you'd predicted. But what happens if it doesn't? If you have no cash cushion you could be in trouble. Try to have a couple of months-worth of cash in the bank so you could carry on if you had no income at all. It'll help you sleep easier, too.

Not making an unpaid finance assistant work for them. Bet that caught your attention didn't it? This is not about the kind of modern slavery that has people working for nothing, but it's about technology. It's about arming yourself with good quality business expense management software for small businesses and being disciplined in its use. In the early days of your business, you need to be especially careful with money, because having little of it generally sharpens the focus in the need to be a good money manager. In later years, when you've earned a wedge, there's no reason to take your foot off the control pedal. Keep a tight rein on finance, and you'll be rewarded with better dividends in the future. Selection of the right small business expense management software will enable you to keep track of expenses very easily, but more importantly, it will allow you to interrogate the data, and show you how effectively you're managing spending and cashflow - and show where improvements can be made. And picking the right package means it'll offer excellent value for money because the savings you make by using it are probably going to be more than the cost of investing in it in the first place.

Article Source: http://EzineArticles.com/expert/Sunita_Nigam/2148823

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