Recent Articles

Bitcoin 101: Bitcoin for Small Business Pt 3 – Bitcoin Security

January 29, 2015 | By | 1 Reply More

I’ve talked about how to get started using Bitcoin and have presented some basic security requirements. Those safety requirements were good enough for dealing with a few hundred dollars, but what about safely handling thousands of dollars worth of bitcoin? With Bitcoin you really are your own bank, so if you’re looking to hang on […]

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When Is Alternative Lending Good For Small Business?

January 28, 2015 | By | Reply More

The alternative lending industry is a hot topic among those involved in finance as well as small business owners seeking working capital. The expensive yet accessible loan products offered by alternative lenders promise quick cash with minimal legwork involved. While on the surface, this is no doubt appealing to small business, the downfall comes fast […]

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The State of Cloud Accounting 2015

January 27, 2015 | By | 3 Replies More

Starting the new year, I wanted to take a few moments to see where we’ve come so far in cloud accounting, the major events 0f 2014, and then partake in a little speculation as to what 2015 will hold. So here it goes… Where We’re At with Cloud Accounting Software Core functionality is mostly here. […]

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We Could All Learn Client Service Lessons From Disney

January 26, 2015 | By | Reply More

Although it’s well known that Disneyworld’s tagline is the “Happiest Place on Earth,” everyone’s definition of “happiest” is different. Let me pose one, important question: Do you think clients believe your firm is the “happiest firm on earth?” Taken literally, do clients love your firm so much that they will never go elsewhere for accounting […]

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Preparing Zoho Books 1099 Misc Forms

January 22, 2015 | By | Reply More

It’s that time of year again, time to prepare your 1099 Misc forms. Here’s the next article in my series, looking at preparing Zoho Books 1099 Misc forms. I’ve already covered QuickBooks Desktop, QuickBooks Online and Xero in prior articles. Considerations for 1099 Misc Filing I’ve discussed my short list of criteria for considering how […]

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Xero Quotes, iOS update, and More

January 21, 2015 | By | Reply More

Recent updates by Xero include a major new feature, Xero Quotes (estimates), a new receipts section for the iOS app, and lots of little tweaks. Xero Quotes Previously, the way to prepare quotes in Xero was by using a work around of creating a draft invoice and changing the branding theme to say “Estimate” or “Quote”. Now Quotes is an official […]

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Goodbye to QuickBooks 2012 Support

January 20, 2015 | By | 5 Replies More

It’s that time of year again, Intuit’s annual “Sunset” of older versions of QuickBooks. If you are using QuickBooks 2012 (Windows and Mac) then you won’t be able to use certain services and features after May 31, 2015. I won’t editorialize (much) on why this is done of if it is a good practice, I’ll […]

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Xero Update January 2015 – Payroll E-filing and E-pay

January 19, 2015 | By | Reply More

Xero’s latest update brings electronic state payroll tax filing and payments to California, Florida, and Texas. Previously, Xero had no electronic payroll tax services for any of the seven U.S. States that it covers. With this update, Xero now has what it considers full payroll support, which includes: Integrated payroll Employee timesheets Paychecks Direct Deposit […]

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Karl Irvin Hands the Keys Over to Patrick Frost

January 16, 2015 | By | 18 Replies More

Any ProAdvisor who has been working with QuickBooks desktop programs for more than a few years knows Karl Irvin. His Data Transfer Utility is one of the key tools that ProAdvisors have in their toolbox. There are over 25 different utility programs that he has produced, covering everything from bulk data removal, generating custom financial […]

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Microsoft Excel Text Extraction Techniques

January 15, 2015 | By | 3 Replies More

Reports exported to Excel from QuickBooks often contain data aggregated into a single column that you may want to pare down. I’ve seen any number of folks over the years resort to manually retyping the data they want into a new column. In my experience retyping data is typically only required in special circumstances, as […]

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How the Cloud Has Morphed Accounting

January 14, 2015 | By | 12 Replies More

Traditional Accountant/Client Relationships Like most CPAs today, my experience in accounting began in a traditional CPA firm environment.  The firm shied away from bookkeeping and payroll because they were not profitable endeavors.  It was very time-consuming work, and in the case of payroll, it was laden with potential liability.  The work also didn’t provide a […]

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Preparing Xero 1099 Misc Forms

January 13, 2015 | By | 2 Replies More

It’s that time of year again, time to prepare your 1099 Misc forms. Here’s the next article in my series, looking at preparing Xero 1099 Misc forms. I’ve already covered QuickBooks Desktop and QuickBooks Online. I’ll be looking at Zoho Books in an upcoming article. Considerations for 1099 Misc Filing I’ve discussed my short list […]

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Bitcoin 101: Bitcoin for Small Business Pt 2 – Getting a Wallet

January 12, 2015 | By | 1 Reply More

In my first Bitcoin for Small Business article, I showed you how to acquire some bitcoins using an exchange. I also demonstrated how to transact a bit more safely online by using two-factor authentication. In this article I’ll show you how to set up web and mobile Bitcoin wallets and then how fast and easy […]

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Preparing QuickBooks Online 1099 Misc Forms

January 9, 2015 | By | 25 Replies More

It’s that time of year again, time to prepare your 1099 Misc forms. Here’s the next article in my series, looking at preparing QuickBooks Online 1099 Misc forms. I’ve talked about 1099 Misc forms for QuickBooks Desktop and Xero in other articles. I’ll be looking at Zoho Books soon. Considerations for 1099 Misc Filing I’ve discussed my […]

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