Recent Articles

Intuit Changes the QuickBooks ProAdvisor Program

October 21, 2014 | By | 4 Replies More

Intuit has announced that they are reconfiguring the QuickBooks ProAdvisor program, starting December 2014. Here’s a quick overview of the changes that have just been announced. More details about this will be coming out soon. Intuit is combining the QuickBooks ProAdvisor and Cloud ProAdvisor programs rather than have two separate programs. It really didn’t make […]

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Intuit Introduces the New QuickBooks Online Accountant

October 21, 2014 | By | 3 Replies More

Today Intuit introduced a major overhaul of QuickBooks Online Accountant, the tool that accounting professionals and QuickBooks ProAdvisors use to work with their QuickBooks Online clients, as well as to manage their own practice. I haven’t had my hands on this yet, so the information provided here is based on demonstrations that I’ve seen, as […]

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Cloud Accounting News – QuickBooks Online, FreshBoooks, Xero, Wave, Zoho Books, Kashoo, Sage One

October 20, 2014 | By | 7 Replies More

Here’s our Cloud Accounting News for October. Wave Gets Customer Statements Wave now has customer statements, which goes hand-in-hand with Wave’s online invoices.   Wave’s statements have the basic type of things you’d expect, like a list of invoices (you can choose whether to include all invoices or only unpaid invoices), the amounts paid, and the […]

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QuickBooks Usage and Analytics Study

October 17, 2014 | By | 13 Replies More

Have you run QuickBooks 2015 yet? Using test data, or your “real” company data? The first time you open your QuickBooks company file you will probably see a notice about the QuickBooks Usage and Analytics Study as shown below. If you are in a hurry you’ll probably just click the Continue button to get on […]

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QuickBooks 2015 R3

October 13, 2014 | By | 9 Replies More

Intuit released the QuickBooks 2015 R3 update for the U.S. version of QuickBooks. This is available as a manual update from the Intuit support website, and it is also being pushed out immediately as an automatic update at the same time. I don’t have any information on non-U.S. versions. This is the first update for the […]

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Leading vs. Lagging KPIs – What Successful Companies Measure

October 13, 2014 | By | 1 Reply More

One of the definitions we have provided in this series was the definition of a Key Performance Indicator (KPI). Per author David Parmenter in his book “Key Performance Indicators”, A characteristic of a KPI is “non-financial in nature that can be measured daily yet can have a significant impact on operations”. For my financial colleagues, […]

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What Is The Future for QuickBooks Enterprise Solutions?

October 9, 2014 | By | 21 Replies More

When Intuit talks about the future directions for their QuickBooks family of products they usually divide information into two groups, QuickBooks Online and  QuickBooks Desktop. However, I think that there actually are three groups, with QuickBooks Enterprise Solutions being separate from QuickBooks Pro and Premier. Today I want to talk about what I see as […]

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What is the Future for QuickBooks Desktop?

October 8, 2014 | By | 73 Replies More

We all know that QuickBooks Online is the focus for Intuit moving forward. If you go to Intuit’s site for QuickBooks it is hard to find information about any of the desktop products. However, QuickBooks Online doesn’t yet come close to providing the features that are available in QuickBooks Premier and QuickBooks Enterprise Solutions. Does […]

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QuickBooks Online Introduces Bank Rules

October 6, 2014 | By | 5 Replies More

QuickBooks Online has add a new feature called Rules (or Bank Rules), which allows you to set up your own conditions for categorizing bank and credit card transactions. Previously, the best QuickBooks Online could do was enter the last known transaction for a contact. This can work well in certain situations, but there’s way too much […]

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QuickBooks Labs

October 2, 2014 | By | 3 Replies More

When Intuit announced their September 2014 release of QuickBooks Online they said there would be a link to something called QuickBooks Labs. At the time this new release came out I couldn’t find that menu option, as I mentioned in my release article. I speculated about what this was, and even included some information on […]

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QuickBooks Online and QuickBooks Desktop – How Do I Decide?

October 1, 2014 | By | 13 Replies More

At the Midwest Accounting Show in Chicago, I was asked a sincere question that deserved a thoughtful answer. “My needs can be met by QuickBooks Online. However, I have used QuickBooks desktop for years. It is clear Intuit wants us to convert to QuickBooks Online. How do I decide?” With this emotional question, there is […]

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QuickBooks Online Update for September 2014

September 29, 2014 | By | 9 Replies More

Here’s a quick look at the updates that Intuit is releasing for their QuickBooks Online update for September 2014. Keep in mind that they roll these out to users in waves, so you might not see these right away. Bank Feed Rules Here’s a big change – we can create “rules” for processing bank feed transactions! Everyone […]

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Working Capital Finance: Which Type Is Right For Your Small Business?

September 26, 2014 | By | Reply More

Working capital is a metric that represents the operating liquidity available to a business on any given day. In addition to a company’s fixed assets, for example equipment or owned facilities, operating capital is also factored into the equation. If a company’s current total assets are less than the company’s current liabilities, or financial obligations […]

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Managing Xero Source Documentation

September 25, 2014 | By | 8 Replies More

Today I wanted to talk to you about one of my biggest obsessions, source documentation and attaching them to accounting records. It’s not because it’s fun, but rather, I hate the process and I’m passionate about spending less time doing it. And for those of you not used to accounting speak, source documentation is the […]

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