Business Discussions

We are trying to reinstall the software in another laptop. we forgot the verification credentials given at the time of first activation can you help me? 

  Here are six little words that have become an all-important phrase for entrepreneurs everywhere: Yes, there’s an app for that. Seems no matter how random, obscure or insignificant a task, someone has built an app to help us do it faster, easier and more efficiently. To wit: A completely random survey of Apple’s App Store found an online tool for extreme cutting and pasting (we think), one for stimulating memories of past events and another for coloring-in line drawings of flowers.   Coloring may be a great way to unwind after a hectic day, but we know your go-to apps are all about keeping the engine (ahem, that’s you) of your business purring. It’s no surprise the digital platforms you really dig help you quickly and automatically schedule meetings, track invoices and payments, remember deadlines and communicate with customers – and that’s just for starters. In other words, these awesome apps make your entrepreneurial adventure a whole lot smoother by helping you stay orga

I'm new to quick books but I have a solid accounting background I'm interested to know ?does the system automatically calculate both the Gst payable account as a net from sales/purchases already entered in systemand does th Input tax credit get generated the same way from the information that has been previously entered into the system just a quick ask from the communitythxhave a great day

According to FP&A survey results, leaders from companies of all sizes across the globe dedicate 50% of their data analytics time on data collection and validation. A staggering 88% of companies still struggle with data quality. The most challenging issue for 31% of the survey respondents is that there is no single source of data truth.Are you in the market for a single source of data truth that will integrate Quickbooks and Salesforce? 

We are a small business with 8 employees based in South Africa. We were previously using the desktop pro versions and in March 2019 transitioned to the online version to take advantage of the bank feed options. Despite the option working exceptionally well, we have discovered a number of issues relating to emailed quotes and invoice which I believe are detrimental to my business, such that we have lost revenue, and as a result are now looking around for alternative software options to meet our needs. For instance, when forwarding a quote from the desktop version, our email client MS Outlook would open with the quote as a pdf attachment. When sent, we would now have an audit trail of the sent email, as well as the email address to which sent. If the email address was incorrect, we would receive notification of a delivery failure. Unfortunately with the online version, this does not happen. One is given the option to print off a copy of the quotation, however, nowhere on the pdf document

We have an agreement with a few of our vendors that they will get paid by us, when we get paid by our customer.  Ex:  I get a bill from ABC Company for $2500.00.  I enter the bill and mark it billable to my customer, Jane Doe.  When I create the invoice to Jane Doe, I "Add Time and costs" and my bill for $2500 is showing.  I choose that bill and it is added to the invoice.  I mark up the cost and send it to Jane.  30 Days later,  Jane pays her invoice.  Is there a way I can track that bill as being paid by the customer or at least track that bill reference number to see what customer invoice it was attached to without opening every invoice billed to Jane Doe to find it?

 Resolve Advance PayResolve launches Advance Pay, now your small business can capitalize on big opportunities!  Overview:Resolve is excited to offer it’s new Advance Pay product, which is focused on fueling growth in America’s back bone of small businesses. Small businesses tend to be lighter on resources and working capital, which tends to limit them from offering credit terms. These limitations mean these businesses can not capitalize on larger buyer and government opportunities that require credit terms to be offered.How it works: Get approved with a revolving merchant line of creditSeamlessly submit your invoices and get paid right awayBuyer Payments get sent to ResolveBenefits:Fast access to working capitalAbility to now offer credit termsTarget a new buyer market of larger companies that require you to offer credit termsGrowth in AOV and order frequencyLearn More:Fill out the attached form to learn more about Resolve and how it can help your business growResol

      The following tutorials focus on the items you add to lists and use on sales forms: products and services, customers, and vendors.    Every time you create a new customer, vendor, or product and service, you’re adding an item to a list. QuickBooks uses these structured data points to organize all of your transactions and accounts.   There are a few ways to create new customers, vendors, and products and services. We introduced what we’re calling the build-as-you-work (adding items directly from sales forms) and the build-all-at-once (creating items from scratch from list menus) methods in our introductory article, “Your first 15 minutes with QuickBooks.” Seeing them in action will help you decide how you want to build and organize your personal QuickBooks Online workflow.     How to Set Up Products & Services: Organize & List | QuickBooks Online Tutorial 2018     QuickBooks Online has two basic sale

Looking for some advice from other QBO users. Bare with me, this may be long. We have been running a labor company since 2015. Currently using QBO Plus. I saw there is some interesting new invoicing features with QBO advanced and thought it may be an option for us. Overall I’m looking on ways to make our overall accounting process quicker and more efficient. I do the invoicing, payroll, accounts payables and everything in between involving financials and with us being up to almost 150 employees it is difficult to finish everything that needs to be done within one week. I’m looking for quicker invoice processing, quicker methods for payroll, quicker methods for entering bills. Any advice or tips, I’m here for it. My first priority is payroll and 1099s. Currently I’m entering W2 payrolls into a spread sheet first. This includes all employee names, their positions, the company they are working for through us, inshore/offshore, payrate, straight time hours, overtime payrate, overtime

I have a client who will run a trust company. Can I set up a new company in QBO for a trust entity? Is there any difference between trust accounting and corporate accounting in QuickBooks? 

I was taking to a CPA  and they told me. That in time there will be less  Desktop people using it. Also that I should go to QB online. My Q & A is this true, before I go from QB Desktop which I have right now to QB online . Thank you Marty Jarvey 

Whether you're buckling down, ramping up, building out, or leaning in, September is often the month we begin to think about how we want to finish the year. Are you nearing your business goals for 2018 or do you still have a ways to go? What's the single word or phrase that's inspiring you this September?  @lflo, @CMA, @jfpconsultancy, @PyramidPointAcc, @PracticalSandy, @LOChurch, @caronsbeach2, @Baker1, @Wizard, @Pen, @Peter_G_Stone, @ElaineTay-TGW, @LeahIlanah, @cruberti, @redrosestudios, @activemode, @ParkwayInc, @lynda11_2, @jessbru99568, @BillJohnston, @SteveChase, @Teri11_2, @EmilyMockett, @Sangeethmathew - would love to hear from you!

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In the article named 'Salary or Draw: How to Pay Yourself as a Business Owner' in the Resource Center: Can someone further explain the part of: 'and if you’re willing to do more personal tax planning by using the draw method' - How does the draw method affect the personal tax planning?

Just getting started as QBOA.  What are others using for pricing setup services for new clients? 

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Can someone tell me how to set up my QB for wholesale B&O taxes? We only offer wholesale sales and retail sales of non-taxable items. However, I still owe B&O taxes even though I don't collect any tax from any customers. Can I set this up to automatically calculate what I owe to the state every month? If so, how? Is it done on each invoice? Each item? Help!

How do you respond when a prospective client says that you need to be onsite? Do you agree, open a conversation to influence the prospective client to agree to virtual services, or exit the sales conversation?

I'm the Office Manager of a small land surveying, engineering firm.  I've been using quickbooks, currently (Desktop Pro 2018), for over 20 years.  The owner of the firm thinks there is a better product out there that will help all of the Project Managers keep better track of their budgets, (Deltek).  This will replace my quickbooks, and I wanted to check with you to see if you know of a good, no great, option for us so I can keep quickbooks.On Deltek employees enter their time, assigned to which ever job # they are working on. (We currently use Latitude for timesheets, but Latitude isn't synced with Quickbooks).   When invoices come in they are entered into Deltek by job#, (yes, quick books can do that too), if applicable.  But the bigest benifit to Project Managers, not only can they track all expenses associated with a particular job, they can then create and email invoices directly from deltek.  I see the appeal from a PM's point of view, BUT,

Does any one know where to get check list sheet to start new bookkeeping clients? appreciated in advance. please reply.   QB Community Bookkeeping Checklist (so far...) Daily Accounting Tasks Check Cash Position   Weekly Accounting Tasks Record Transactions Document and File Receipts Review Unpaid Bills From Vendors Pay Vendors, Sign Checks Prepare and Send Invoices Review Projected Cash Flow   Monthly Accounting Tasks Balance Your Business Checkbook Review Past-Due (“Aged”) Receivables Analyze Inventory Status  Process or Review Payroll and Approve Tax Payments Review Actual Profit and Loss vs. Budget and vs. Prior Years Review Month-End Balance Sheet vs. Prior Period Double-check for duplicate transactions after account reconciliation  (@JenPM) Check if there are any uncashed checks older than 6 months (@JenPM)   Quarterly Accounting Tasks Prepare/Review Revised Annual P&L Estimate Review Quarterly Payroll Reports and Make Paym

I'm interested in learning more about Warehouse Management Systems that integrate with QB Desktop Enterprise. We are looking for more depth than what QB is offering in terms of reporting, inventory item adjustments (very difficult to mass adjust items in QB), inventory management, order processing, sales order process, shipping, etc. We've hit a lot of walls with QB Enterprise and I don't see any light on the horizon.  We can't mass edit pricing on items in QB. You have to export the entire item file at one time but I only want to edit pricing of one brand. I'd like to import orders automatically, ship orders automatically, etc.You can only limit permissions in some areas. I'd like more flexibility with areas, pricing.You can't set limits on how low a product can be sold. Any user can edit pricing.I'd like to be able to easily generate estimates without leaving them open forever.  Reporting is weak in QB I've looked at Fishbowl but I've seen positive and negati

Hello there. My uncle has a concrete company but is getting buried with past due payroll taxes as well as other taxes. Someone suggested to him that If he had someone open up a new concrete company (family member or close friend) his employees could be hired under that new company so he doesn't get buried under more taxes than he already is. Is this solution acceptable/allowable? He is currently an S Corp so he would only take his salary and hire the new company as a subcontractor to minimize his payroll expenses and I'm assuming the new company would be compliant with the payroll taxes and other reporting that follow the company's start up and progress. If anyone can let me know if he can hire a subcontractor even if he is a subcontractor and if this is even allowable. I know its confusing so thank you to anyone that can help!

I am trying to figure out if there is a way to treat billable hours as inventory. Example: My client has a number of subcontractors which are assigned a PO (I set each one up as a job). Each PO has a certain number of hours and I am looking for the system to keep track of or deduct from a total of hours as the subcontractors work and are paid each payroll period. Is this possible? Each contractor also has a service item with their cost and billable rate, which is used to pay the subcontractor and bill the client for time.

What works best for you as far as inventory management strategies? Do you have ideas about what to definitely do or definitely do not do? How did your inventory management change as you scaled? What else can you share about inventory management?   Let us know what you know ;-)

I'm searching for some assistance from others that might have this issue.  I would like to add somewhere on my estimates our company recommendation for specific product and also have a place where the customer can acknowledge they have read the recommendation and declined. For example we are a solar business:We give a customer a quote for say 6 panels and 4 batteries but we would recommend that they actually would need 6 batteries not 4 to service their needs.Our goal is to have a signature of the customer so that cannot come back to us complaining  that the system we have installed is not fully supporting theie needs, when we have told them what they needed up front.