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 April 2010
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OK, so tax season has officially ended, the flowers are blooming, and my allergies are raging. That must mean it’s springtime and time to start touring the country, as we do every year. We tour the country to learn, and this year we’re touring to present the topics we feel will have the biggest impact on your practice in the coming months and year. This year, I’ll be traveling to five cities to present a one-day program, Taking Your Clients Online: Transforming Your Client Relationships with Cloud Computing. I’ll be joined by Darren Root, CPA.CITP, who brings an incredible arsenal of expert advice on reshaping your practice to utilize technology. It’s been a while since we produced local events and I am energized and eager to see so many of you and share these powerful new ways to make over your business. I look forward to see many of you in a city close to you. Registration is now open for our 2010 Accounting Solutions Conference, coming in November. If you’ve wondered what it would be like to be a Sleeter Group Consultant Network member, you can now join free for 45 days. You’ll get a sneak peak at what the membership is like with access to our Experts Forum, sample chapters from the QuickBooks Consultant’s Reference Guide, and more. See below for more details. Happy spring!
This year’s Conference will have two receptions in our awesome exhibit hall, excellent keynote and breakout sessions full of new information to keep you at the top of your game in your practice, networking opportunities where you can learn from each other, and an optional full day of fun on the Colorado River at Hoover Dam. Taste of The Conference Conference Fees start as low as $594 for early registrants. Up to 29 CPEs are available, and session content will be announced shortly. Register today!
Register for this amazing excursion when you register for the Conference.
Trial members receive:
You’ve already heard that The Sleeter Group Consultants Network is the nation’s premier membership organization supporting accounting software consultants. With over 600 members located throughout the U.S., Canada, and abroad, our members serve over 30,000 small businesses. Now you can try it for yourself! Click here to learn more, or
Selwyn van Rooyen, Advanced Certified QuickBooks Advisor and President of Wyn Solutions, Inc. Click the link below to read the full article.
We are happy Web applications and online services have become integral to a number of business processes. Reliance on these technologies has grown at astounding rates, and today’s business owners are demanding solutions in the connected world. In one fun and enlightening day, you’ll learn the differences between hosted desktop applications and SaaS, how to make the right recommendations for your clients and the best online technologies you should be using today to enhance your practice. Come learn why "renting" applications and the platform on which they run help you and your clients. 2010 Seminar Dates and Locations:
Register now to attend in your area! Only $295 with Early Bird Discount. Earn 8 CPEs. Doug will be presenting along with Darren Root, CPA.CITP, President of RootWorks and Executive Editor of The CPA Technology Advisor. More information will be announced soon. We’re looking forward to seeing you in your area!
Our Webinars have become the "graduate school" for QuickBooks and small business accounting technology. Our Webinar presenters are among the country’s leading experts in accounting software. All two-hour Webinars are $69 and offer 2 CPE credits. Sleeter Consultants receive a 20% discount. To receive the discount, members must log in to our Website with their member credentials before registering. Featured Webina Building a Remote Consulting Practice with Bonnie Nagayama Other Upcoming Webinars: Construction Accounting using QuickBooks with Leslie Shiner For a complete schedule, including self-study and on-demand titles, visit www.sleeter.com/webinar.
Every Question: My client’s accountant is questioning a negative sales tax payable balance on their cash basis balance sheet. Accountant instructed us to set up sales tax on an accrual basis. I don’t have many clients using the sales tax module in QB so I haven’t come across this before. I checked and data is correct with accrual based BS reflecting correct numbers. Is this okay, or am I missing something? The accountant is filing taxes on a cash basis. Should he have instructed them to set up ST on cash basis as well? Kim Petro McCrum answered: Depends on State Law. In New York State Sales Tax must be calculated on accrual basis for everyone. Stuart McClain replied: It depends on your state. California requires sales tax paid on Accrual basis regardless of income tax reporting. Jeanne Tarazevits sent from her Blackberry: Check and see if they entered a bill for sales tax. Also could be prepayments. Finally, Wendy Swedean stated: If you have a cash basis balance sheet while on the accrual basis for sales tax reporting, it is possible (even likely) to have a negative sales tax payable balance. On the cash basis balance sheet, sales tax payable isn’t credited until the invoice is paid. On the accrual basis sales tax, you are debiting the sales tax payable when you pay the tax-on all invoices through the end of the reporting period. You probably have not yet received payment on all of these invoices, so the balance is a debit. As payments are received (or written off), the account will balance itself out. Many companies don’t notice that this is happening because of the lag in time between the end of the sales tax reporting period and the day the sales tax is paid. The Sleeter Group Consultants Network is the nation’s premier accounting software consultants’ network. Sleeter Consultants provide expert QuickBooks consulting, add-on integration services, business process workflow consulting, outsourced bookkeeping services, and financial statement preparation. To locate one of our certified consultants, visit our Find a Consultant page. To learn more about becoming a consultant, visit our Become a Consultant page, or call our office at 888-484-5484 or +1-925-416-6300. Members of the Network receive discounts on our resource products and Webinars, as well as our annual Accounting Solutions Conference. Membership also includes a copy of the Consultant’s Reference Guide. | ||||||||||||||||||||||||||||||||||||||||||
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This event has grown to become one of the major conferences in the accounting technology world, and this year we’re preparing what we feel will be the best content ever. We’ll have the nation’s top thought leaders and technologists presenting the most current, practical topics to help you grow and thrive in your practice.
You asked for it – a day of fun at the end of the Conference! Hold Thursday, November 11 for 
presents three leading tools to 
integrate a web-store with QuickBooks so that sales transactions flow directly into QuickBooks from the web and on-hand quantities are updated when products are sold. Read this interesting article to gain a better understanding of the issues and to understand which solution may be the best fit for your clients.
to announce a new one-day 
day, members of the