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 October 2009
Inside this Issue
I want to give a I’m I know many of you are active on Twitter. The Sleeter Group’s twitter account is *sleetergroup, where we tweet updates about our events, projects we are working on, discounts we are offering and more.
For the second year in a row, Accounting Today, The September 29 issue of Accounting Today noted that Doug "has continued his role as one of the nation’s leading QuickBooks consultants, a profile he enhanced this year by sealing a major deal with CPA2Biz to resell online accounts payable app Bill.com."
For Click to read the rest of this article.
What is the IPP and how does it compare to the SDK? And what is cloud computing anyway? In This month we will look at the overall success of the SDK and its inner workings, and then provide a primer on cloud computing. Click the link below to read the full article.
Take a Look at This Great Content and Register Now for the Event of the Year
The Sleeter Group’s 6th Annual Conference will be held at the Wyndham Orlando Resort Conference Registration is Open BigTime Hawaii Passport Register and Win! Please visit the Conference Website for details and registration, or phone us at 888-484-5484 (+1-925-416-6300 outside the U.S.).
Do your clients have excess inventory? Excess inventory a big drain on a company’s bottom line. The excess cost not only includes the cost of the inventory itself but the extra storage, tax, insurance and interest cost than can add an additional 20 to 30 percent to the cost of the inventory itself. Reducing excess inventory can free up capital and storage and improve the bottom line. Accountants typically check for excess inventory by calculating an overall inventory turnover rate. The rate is calculated by dividing total cost of goods sold by total inventory. In today’s complex and automated businesses, this type of calculation is too broad and high turnover items can easily mask slow turnover items. In addition, most small businesses have enough data to calculate turnover on an item by item basis. In QuickBooks, you can calculate inventory turnover by item using the Sales by Item Summary and the Inventory Valuation Summary reports. Making the calculation using just QuickBooks requires that both of these reports be exported to Excel and that the data in the reports be linked together so that the calculation can be made. However this process has just been a made much easier by Karl Irvin who has released a new Inventory Turnover program. This new program quickly exports the sales and inventory data from QuickBooks and calculates the turnover by item. In addition the program can calculate excess inventory based on a user entered targeted turnover rate. The program also can produce quantity sold reports showing the quantity sold by month over a 12 month period. These reports are available at the item level, the item by customer level and the customer by item level. For more information on this new program, see http://www.q2q.us/ITOOverview.htm. A free trial copy of the program is available from http://www.q2q.us/ITODownload.htm and the purchase price is $49. The program works with QuickBooks 2005 through 2010.
Offering seminars is one of the fastest ways to reach potential clients and increase the size of your practice. With our QuickBooks Seminar System (QBSS), you can start offering Our
This product will begin shipping soon. Owners of the 2008 QBSS will receive a 40% discount on the 2009 version. For more information, contact our office at 1-888-484-5484.
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. Member of The Sleeter Group Consultants Network receive a 20% discount. (Members must log in to our site before registering to receive the discount). Featured Webinars: Construction Accounting using QuickBooks with Leslie Shiner Other Upcoming Webinars: Profitable Business Growth for You and Your Clients with Leslie Shiner For a complete schedule, visit www.sleeter.com/webinar.
Every Question: I have bills from a vendor and credits for returns to the vendor. When the credits equal or exceed the amount of the bill, there is no “document” (like a bill payment voucher) that gets printed automatically by QuickBooks. I need some way of notifying vendors when credits like this are applied. Do you have any suggestions for what to do? Answer from Doug Sleeter: You’ve identified a good issue…To read the rest of this answer, click here. The Sleeter Group Consultants Network is the nation’s premier accounting software consultant’s network. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Copyright © 2009 The Sleeter Group, Inc. All rights reserved. 5798 Stoneridge Mall Rd. #101 Pleasanton, CA 94588 888-484-5484 |
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big congratulations to Sleeter Group members Jody Padar and Amy Vetter for being named among the 40 under 40 Honorees for 2009. For the past four years, The 
a premier news source for the accounting profession, has named Doug Sleeter, president and founder of The Sleeter Group, to its 2009 
several years, I’ve been writing about the difficulties of getting sales tax right in QuickBooks. It seems that virtually every client we look at has some type of problem with their sales tax data, caused by a combination of improper setup or inconsistent data entry. On the surface, it seems pretty easy to set up QuickBooks sales tax codes, items, and “rules” for how to treat sales transactions, but when clients have any significant transaction volume, it seems that we always find some type of problem when preparing sales tax returns.
seminars now. Your experience and knowledge will shine through with thoroughly tested seminar workbooks and excellent marketing materials. You can focus on connecting with potential clients and showcasing the depth of your knowledge.
Sleeter Group’s 
day, members of The 