RSSCategory: For Consultants/Accountants

Xero Add-In Hubdoc: A Bigger Step Toward Zero Data Entry

I’m on a mission – a mission to attain zero data entry in our virtual bookkeeping practice. One of the most time-consuming processes is collecting statements to do month end closes and entering bills on an real time basis. The integration between Xero and Hubdoc provides a major step forward in completing my mission – […]

September 24, 2014 | By | 7 Replies More

Grow Your Accounting Practice By Becoming a Strategic Advisor

Often times I see the same fear in an accountant that I see in a small business owner when I talk about budgeting, forecasting, and strategic financial planning. While a small business owner tends to just fears numbers in general, the accountant usually tells me they don’t have an MBA either, and they don’t necessarily […]

September 4, 2014 | By | 4 Replies More

CryptoWall and the Increasing Threat of Attacks

Our computer systems are under attack! The sky is falling! Why do these phrases sound the same to so many of us? Have we become desensitized to the number of threats and the frequency of the attacks? When Charlie Russell said he’d like to have me cover technology considerations not seen elsewhere in the QuickBooks […]

September 2, 2014 | By | 2 Replies More

Commit CRIME to Prevent Business Fraud

From mom and pop shops to global corporations, in my thirty-plus years of working with entrepreneurs, I can’t think of anyone willing to throw away 5% of their annual revenue. Yet, by ignoring the potential for fraud within an organization and failing to establish internal controls to detect and prevent theft, that’s precisely the sacrifice […]

August 27, 2014 | By | 1 Reply More

Evolution of the Client Accounting Services Model

With the recent announcement by H & R Block to make Jennifer Katrulya their director of client accounting services for H&R Block Small Business Services, this is a good time to talk with accountants, bookkeepers, tax pros, and small business consultants about the evolution of the Client Accounting Services Model and how it will affect […]

August 18, 2014 | By | 4 Replies More

QuickBooks Online Advanced Certification

Intuit has announced that they will be offering a QuickBooks Online Advanced Certification exam later this Fall. This shouldn’t be a surprise to anyone involved with the QuickBooks ProAdvisor program. We’ve had a QuickBooks (desktop) Advanced Certification since 2009, and with Intuit’s emphasis on QuickBooks Online it was only a matter of time before they […]

August 13, 2014 | By | 2 Replies More

Business Analytics with Finagraph

Business analytics for small businesses is the great frontier these days. It’s an area where most SMB’s just haven’t taken the time to explore, it’s a tool that accounting professionals should implement in their quest to become a trusted advisor to their clients. A new tool in this area is Finagraph, which brings a different […]

August 7, 2014 | By | 3 Replies More

Technology Tools: Fact or Hype?

The words “innovation,” “leading edge,” and “bleeding edge” lead you to think about the future. “Laggard,” “late adopter,” and “heel dragger” have the opposite effect. Technology, when used properly, should help with productivity, profitability, and customer service levels. But sometimes, these factors are simply marketing promises and pure hype. Our job as consultants is to […]

August 6, 2014 | By | Reply More

After 30 Years, IBM And Apple Are Playing On The Same Side of the Net

Earlier in July, two tech titans announced a new partnership – “MobileFirst for iOS.” Over the past two years, IBM has developed more than 100 native iOS apps and services tailored to multiple industries, while Apple will introduce a new AppleCare designed specifically for enterprise customers. The big news is the new IBM MobileFirst Supply […]

July 29, 2014 | By | 1 Reply More

Cloud Accounting News – Episode 5

Greg Lam presents episode five of his Cloud Accounting News. In the News This Week FreshBooks gets $30 million in funding from investors Zoho Books gets inventory Zoho Books is now multilingual Zoho Books has new US Sales Tax functionality What’s new in QuickBooks June Update #2 July 11th Update July 25th Update Xero introduced […]

July 28, 2014 | By | 4 Replies More

TRANSAX Gateway for QuickBooks Desktop Merchant Services

If you’re working with QuickBooks desktop and process credit card or ACH payments either directly or through a website, processing those payments and getting the information into QuickBooks can be a pain. Today we’ll take a quick look at an interesting product that offers many options (as well as opportunities for accounting professionals) – TRANSAX Gateway. […]

July 23, 2014 | By | 10 Replies More

Automating an Excel-Based Financial Statement

QuickBooks allows you a fair amount of control over financial statements – just about any user can easily customize the built-in reports. Users of Enterprise Solutions and Accountant versions can go farther and use the Financial Statement Designer to integrate QuickBooks and Excel. Yet, sometimes neither of these options is sufficient, so users dump data […]

July 22, 2014 | By | 4 Replies More

Kashoo Accounting Software Video Review: Part 2

In Part 2 of my Kashoo accounting software review, I’ll discuss banking, payroll, reports, getting data in and out, sales taxes, accountant tools, mobile apps, and support. I’ll also present my overall opinion of Kashoo. If you missed Part 1, you can see it here. Catch Greg’s presentations at Solutions14, November 9–12 at Caesars Palace in Las […]

July 17, 2014 | By | 2 Replies More

Xero Add-ons Reflect a Robust, Global Ecosystem

One of my favorite things about Xero is its add-on community. Pundits talk about how Xero doesn’t do this or doesn’t do that. They want a software that’s everything to everybody (or at least more things to more people). Sure, many midsized businesses need more out of their accounting software than a Xero or QuickBooks […]

July 15, 2014 | By | 3 Replies More