Recent Articles
Tracking Use Tax on Purchases in QuickBooks
I was recently asked by a reader about how to track Use Tax on purchases in QuickBooks. In states that charge sales tax, purchasers within those states often avoid paying tax by purchasing items from out-of-state suppliers. However, they are required to report those purchases to the state in which they“use” the purchased items, and [...]
QuickBooks Accountant’s Copy File Transfer Service Problems with Recent Updates
If you are an accounting professional and you use the QuickBooks Accountant’s Copy File Transfer (ACFT) service to exchange adjustments with your clients, you need to be aware of recent changes in that service and how that relates to the versions of QuickBooks that you and your client are using. Your client may run into [...]
Job Costing in QuickBooks Online – Sub Customer Method
Yes, I swear it can be done. I even have a way to get Estimates vs. Actuals. The official party line is that QuickBooks Online does NOT do job costing. Intuit states: “Currently, QuickBooks Online does not offer a specific job-costing feature…”, but there are a couple ways you can set up Job Costing in [...]
QuickBooks 2012 R14 Released
Intuit has released the QuickBooks 2012 R14 update for the U.S. version of QuickBooks. This is available as a manual update from the Intuit support web site. I expect that this will be pushed out as an automatic update a week later. There are several changes in this release. In case you were wondering, there [...]
QuickBooks 2011 R13 Released
Intuit has released the QuickBooks 2011 R13 update for the U.S. version of QuickBooks. This is available as a manual update from the Intuit support web site. I expect that this will be pushed out as an automatic update a week later. The only change that I’m aware of is that for users of the [...]
QuickBooks Manufacturing with Fishbowl–Lot Numbers
I thought it might interesting to complement Charlie Russell’s recent QuickBooks manufacturing article (Quickbooks Manufacturing-Lot Number Workaround) with a similar one on the Fishbowl Manufacturing process using lot numbers. We will see that Charlie’s workaround of splitting lines to pick different lot numbers is systematized in the Fishbowl process. Editors Note: Fishbowl is an inventory [...]
Multiply Your Networking Results with a Great “Elevator Speech”
You’re sitting in a room with 30 other business entrepreneurs. Each of you has one minute to introduce themselves to the group. You are number 25 to speak. Will anyone listen? What can you do or say to catch your peers’ attention, be memorable, and have them approach you for business? At this moment, it’s [...]
QuickBooks 2013 R7 Bug STILL A PROBLEM
If you are using a third-party add-on program that works with QuickBooks Desktop versions, there is an ongoing problem that may cause QuickBooks to crash when you try to use your add-on product. I’ve talked about the QuickBooks 2013 R7 bug fix before, but there is a lot more to this than I originally realized. [...]
Intuit Practice Management
Intuit is rolling out a new cloud-based product for accounting professionals this week, Intuit Practice Management (IPM). This product has been in “pilot” status for over two years now, but now anyone can sign up for it. Let’s take a quick look at what this offers. What does “practice management” mean to you? Different people [...]
QuickBooks 2013 R7 Bug–and Fix
Here’s a good example of why I always tell people to not install a “manual update”, instead you should wait for the “automatic update”. QuickBooks 2013 R7 was just released yesterday, and already we have found a bug that could cause some problems for people. Fortunately, there is a fix available that solves the problem. [...]
Working with Remote QuickBooks Clients, Remotely
QuickBooks for Windows is a desktop product, but nowadays we find that there is a great deal of interest in being able to work with QuickBooks from a remote location. This could be an employee wanting to work with data while on the road, a manager checking info from home, or an accounting professional managing [...]
Cloud Accounting with Xero–The Details
I introduced you to Xero in our prior article (Xero Overview), now let’s dig in a bit deeper. In our attempt to come up with a standard for comparing online accounting systems, we (Doug Sleeter, MB Raimondi and myself) came up with a list of features that we would like to see in a good [...]
QuickBooks Manufacturing–Lot Number Workaround
QuickBooks Enterprise has an optional Advanced Inventory add-on (which is an annual subscription) and one of the features is Inventory Lot Tracking. However, when you use this in a manufacturing environment there are a few little tricks you need to be aware of. Let’s talk about what to do if your component demand is larger [...]
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