Podcasts about quickbooks desktop

If you've been a long-time reader or a contracting company owner, you've probably heard about "Cost of Goods Sold" (COGS). But what does it really mean, and why is it crucial for your construction business's success? Understanding COGS isn't just about accounting—it's about making smart decisions for profitability, pricing, and more.    1. What is the Cost of Goods Sold (COGS)?    COGS represents the direct costs of creating the products/services your business sells/provides. These include materials, labor hours, and even manufacturing overheads. Any expense that contributes directly to a product's creation is included in COGS.   COGS provides critical insights into your business's efficiency and profitability. It's a fundamental metric showing how much you spend to produce inventory relative to your sales.     Contractors often ask us if they can buy our Chart of Accounts with Cost of Goods Sold and import them into their QuickBooks Desktop or QuickBooks Online file. The answer is yes! We also offer the complete QB Setup Template. 2. What are the components of COGS?  COGS isn't one-size-fits-all. It includes different types of costs depending on your business.  Here are the main components typically included in COGS: Materials: Raw ingredients or parts used to provide your service Payroll: The wages you pay to employees directly involved in production Manufacturing Overheads: Indirect costs required to produce services, such as equipment depreciation or utility costs.  Note  General overheads, such as office or marketing costs, are not included in COGS—only expenses tied directly to production count.  3. How do I calculate COGS?  Fortunately, calculating COGS follows a straightforward formula: COGS = Beginning inventory + Purchases during the period – Ending inventory  Breaking it down: Beginning inventory: The inventory value on hand at the start of the accounting period.  Purchases: All costs for new inventory bought or manufactured during the period.  Ending inventory: The value of unsold inventory at the period's end.  Example Calculation  Imagine you run a small boutique that sells handmade gifts. If: Your beginning inventory is $5,000,  You spent $8,000 on materials and production, and  Your ending inventory is $2,000,  Then your COGS would be:  $5,000 + $8,000 – $2,000 = $11,000  This $11,000 represents the cost of creating the products you sold during the period.  But wait - that is for a retail business. Simple. What about construction? Direct Costs are tied to the jobs (field labor, materials, and other cost items). Office materials (pencils, paper, toner, etc.) are overhead. Yes, an accountant could say these many pencils are used in the field and that notepad is used in the truck.  The answer is the dividing line of the direct costs to the job: the Costs of Goods Sold (COGS). That is why we've created our Chart of Accounts, which you can use inside QuickBooks, depending on your type of construction business. Most COGS accounting methods you will find are for inventory valuation, which is confusing to most contractors. Confusion always arises about the material. A construction contractor may purchase material and resell it to their customer at cost, thinking it is a reimbursable expense. (You lose money when doing this.)   Remember, all invoices to the Customer (Retail, General Contractor, Spec Builder, Developer) are income. Washington State has a clear explanation. If the words are on the invoice, then the invoice is either taxable or non-taxable based on other factors. Every line item on a customer invoice is income.   Purchases for the material are the Cost of Goods Sold or expenses if you are short-cutting your accounting. I have seen financial statements backed out because they will reflect reimbursable income as a negative number, thereby showing it as a deduction. (The net effect is double-dipping on the expense side.) The cause is that the accounting software is not being correctly set up. We fix bad QuickBooks setups for Construction Contractors. New Construction Home Building is another area of confusion. In the mind of many construction contractors, a Spec home is any new house being built for resale. That is true; it is a New Construction House. The question is on the construction accounting side. For the Owner and Developer (who might be the General Contractor running the job), it is a Spec Home.  For the General Contractor who is building a New Construction Home for a Developer, it is NOT a Spec Home. Why might it seem the same as both are New Construction Houses? The question to be answered is, "Who owns the house?" - It is a Spec House in the accounting system for THE OWNER.     If the General Contractor does not own the house, then from the accounting side for that specific General Contractor, the house is a Custom Home with an owner who is not the General Contractor.   Suppose the General Contractor or developer owns the new house being built. In that case, it is a Spec House in the Accounting System. All costs roll up into WIP (Work-In-Process) and convert to COGS when the house is sold, not before. Recognize expenses when the home sells. Otherwise, expenses one year and sales the next equals taxes.    In Washington State, all construction contractors working for a spec builder must collect sales tax on all services (labor and material) when billed by the general and trade construction contractors. In Washington State, all Construction Contractors working on Custom Homes, Residential or Commercial Projects, large or Small Remodels, or Handyman Projects can accept a reseller permit from the General Contractor. The general contractor bills and collects sales tax from the Owner.   In Washington State, Contractors must collect sales tax on all retail projects, including Labor, Materials, and others. Sales tax must be collected on every line item. Customer Discounts can be given for any reason. And that is just for one state. Pro Tip  Consult with your accountant to identify the best method for your business—tax implications vary by approach.  4. Why does understanding COGS matter?  Knowing your COGS is a game-changer for managing and growing your business. Here are some ways it benefits you: Profitability analysis - COGS is crucial for calculating gross profit. Subtracting COGS from revenue reveals how much your products contribute to your bottom line.  Pricing strategy - Understanding how much a specific project costs allows you to set prices that cover expenses while leaving room for profit.  Financial reporting - COGS is necessary for accurate income statements and tax reporting. It also demonstrates operational efficiency, which is key for attracting investors or securing loans.  Tax benefits - COGS are deductible, reducing your taxable income. The more precise your calculations, the better-positioned you'll be during tax season.  5. How can your accountant help  Managing COGS can be complex, but you don't have to go through it alone. Your accountant is your best ally when navigating this process.  They can: Help you set up your Contractor Chart of Accounts Ensure all eligible expenses are accounted for (and not missed!).  Revise your tax strategy while staying compliant with regulations.  One of the most dangerous and difficult steps in setting up the Chart of Accounts is during QuickBooks setup, especially for contract service-based businesses. Get this one thing right, and your QuickBooks for contractors can generate useful financial and job costing reports. If you get it wrong, you will never get useful reports, no matter who handles your contractor's bookkeeping services needs. The reports you do get could lead you to make decisions based on insufficient information that could destroy your entire construction company. A thought  Understanding your Cost of Goods Sold isn't just an accounting exercise—it's the foundation for business success. Calculating and tracking COGS effectively will empower you to make better pricing, profitability, and growth decisions.  Why struggle with numbers when you can partner with someone who lives and breathes construction accounting? Freeing up your time lets you focus on growing your business. You are never too small for us to help, and we can help you begin with your first day in business.    I am looking forward to being of assistance.   About The Author: Sharie DeHart, QPA, is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com  

Alicia explores important improvements to the QuickBooks Desktop-to-Online migration process, including expanded line item capacity and a new pre-migration checklist. Alicia also introduces new offerings like QuickBooks Live Expert Cleanup and the Mailchimp-powered Customer Hub, while previewing an innovative interface redesign that promises to streamline the user experience.(00:00) - Welcome to the Unofficial QuickBooks Accountants podcast (00:39) - Congratulations to OnPay (03:25) - Tags Discontinued (05:00) - QuickBooks Solopreneur Updates (06:48) - Migration from QuickBooks Desktop to Online (10:19) - QuickBooks Live Expert Cleanup (16:58) - QuickBooks Customer Hub Powered by Mailchimp (19:16) - New Recurring Payments Feature (24:11) - Outro and Upcoming Classes Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.comLinks Mentioned in this episode:January's Firm of the Future article: https://www.firmofthefuture.com/product-update/january-2025-mpu/Trump's Inauguration's Business funding: https://www.politico.com/news/2025/01/16/trump-inauguration-corporate-donors-004242Alicia's classes:Year-end Cleanup and Tax Prep: http://royl.ws/yearend Converting from QBDT to QBO: http://royl.ws/QBDT2QBOIntro to Bookkeeping and Accounting class on Feb 18: https://royl.ws/intro-to-accounting-for-small-businessSign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding

When you are doing the bookkeeping for your business, or maybe you are doing bookkeeping for multiple clients, the one thing you don't want to hold you back from moving forward is having a transaction that you are unsure about how to record.  If you are like most people, you'll let this one transaction derail you and keep you stuck, especially if you are looking for a reason to stop doing your bookkeeping.  I get it. I know I love doing bookkeeping, but it isn't everyone's favorite.  What if I told you there is a simple way that you can record these questionable transactions and keep moving forward with recording the rest of your bookkeeping transactions?  It will even allow you to reconcile your accounts.  In today's podcast episode, I'm revealing an account that you have available to you in QuickBooks Desktop and QuickBooks Online, or you could even utilize this strategy in any accounting software you might be using.  You can even use it if you are doing your bookkeeping manually.  Whether you are starting a business or side hustle, you're a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA; make sure that you are aware of this simple hack you can utilize in your bookkeeping system to help make bookkeeping more manageable and keep you moving forward.  That's right; after this podcast episode, you have no excuse to say you are stuck any longer.  These tips are essential whether you are using a computerized software system like QuickBooks, Xero, Wave, or FreshBooks for your business finances; or doing your bookkeeping manually with an Excel spreadsheet or even a Google Document… Schedule your Complimentary Stress Audit And Clarity Session, where we'll work together to create a clear and focused plan and overcome the obstacles that stand in your way so that you can move forward and immediately start enjoying your life with less stress, increased productivity, and more time to spend doing what you love with the people you care about: https://www.financialadventure.com/work-with-me Accountants, CPAs, Bookkeepers, Tax Preparers & Financial Professionals, sign up here to get updates on upcoming opportunities & grab the Audit Of Your Well-Being & Balance Guide here: https://www.financialadventure.com/accountant Ready to set up your business?  I have a program to help you get your business set up so that you can start making money.  Sign up for this program here: https://www.financialadventure.com/start Are you ready to try coaching?  Schedule an Introductory Coaching Session today.  You'll have the opportunity to see how you like coaching with an Introductory Coaching Session: https://www.financialadventure.com/intro Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for.  Are you ready to generate revenues and increase the profit in your business: https://www.financialadventure.com/profit If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here: https://www.financialadventure.com/sidehustle Grab Your FREE guide:  5 Essential Strategies For Stress-Free Bookkeeping: https://www.financialadventure.com/5essentials Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You: https://www.financialadventure.com/starterguide Join Our Facebook Community:  https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration!  You can learn more and sign up here: https://www.financialadventure.com/sba Looking for a payroll solution for your business?  You can get an exclusive 15% discount on your payroll services when you sign up here: https://www.financialadventure.com/adp QuickBooks Online - Save 30% Your First 6 Months: https://www.financialadventure.com/quickbooks Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you: https://www.financialadventure.com/discovery Show Notes:  https://www.financialadventure.com This podcast is sponsored by Financial Adventure, LLC ~ visit https://www.financialadventure.com for additional information and free resources.

Blake and David dive into major industry news, including Ohio ending the 150-hour CPA rule, setting a potential precedent for other states. They also discuss the Blackston acquisition of Citrin Cooperman and explore the implications of private equity involvement in accounting firms. Moving on, they examine workplace trends, including new data revealing that 61% of medium and large employers now require minimum in-office days, and debate the effectiveness of Net Promoter Scores (NPS) in accounting firms.SponsorsOnPay - http://accountingpodcast.promo/onpayBoomTax - http://accountingpodcast.promo/boomtaxTaxBandits - http://accountingpodcast.promo/taxbanditsBasil - http://accountingpodcast.promo/basilChapters(01:03) - Private Equity in Accounting Firms (03:14) - Personal Update: Blake's Hand Injury (05:18) - California's Insurance Crisis (13:57) - Ohio Ends the 150-Hour Rule (22:02) - App News: OnPay, SafeSend, and More (30:16) - Carvana's Questionable Accounting Practices (36:36) - Return to Office Policies (40:01) - RTO Policies and Office Leases (41:15) - Client Satisfaction and Net Promoter Score (42:53) - Debate on the Effectiveness of NPS (44:20) - Implementing NPS in Accounting Firms (52:03) - PCAOB Fines and Audit Quality (01:03:15) - Bitcoin and Government Policies (01:06:54) - Private Equity in Accounting Firms (01:15:07) - Earmark App and CPE Credits  Show NotesReturn-to-office policies gain steamhttps://www.cfo.com/news/return-to-office-policies-gain-steam-remote-work-hybrid-wtw-resume-org/735710Citrin Cooperman, a Leading Professional Services Firm, to Receive Significant Investment as Blackstone Acquires Stake from New Mountain Capitalhttps://www.blackstone.com/news/press/citrin-cooperman-a-leading-professional-services-firm-to-receive-significant-investment-as-blackstone-acquires-stake-from-new-mountain-capital/Ohio is the first state to end the 150-hour rule for CPA licensurehttps://www.blakeoliver.com/blog/ohio-first-state-to-end-the-150-hour-rule-for-cpa-licensureOhio gov signs alternative CPA licensure pathway bill into lawhttps://www.cfodive.com/news/ohio-gov-signs-alternative-cpa-licensure-pathway-bill-law-accounting-aicpa/736942/Thomson Reuters Acquires SafeSend, Expanding Tax Automation Capabilitieshttps://www.thomsonreuters.com/en/press-releases/2025/january/thomson-reuters-acquires-safesend-expanding-tax-automation-capabilities.htmlXero Partners with Gusto to Offer Integrated Payroll Solutionhttps://www.wellesleyhillsfinancial.com/2025/01/05/xero-partners-with-gusto-to-offer-integrated-payroll-solution/Sync your transactions to QuickBooks Desktop with Ramp's direct integrationhttps://ramp.com/integrations/quickbooks-desktopHindenburg Research short on used-car retailer Carvanahttps://www.reuters.com/business/autos-transportation/hindenburg-research-short-used-car-retailer-carvana-2025-01-02/Enforcement Activity Involving Auditors – 2024 Mid-Year Updatehttps://www.brattle.com/wp-content/uploads/2024/08/Enforcement-Activity-Involving-Auditors-2024-Mid-Year-Update.pdfAmid Barely ‘Average' Client Satisfaction, Why Aren't More Firms Using NPS to Improve?https://insidepublicaccounting.com/2024/07/16/amid-barely-average-client-satisfaction-why-arent-more-firms-using-nps-to-improve/The federal government just got the greenlight to sell $6.5 billion in Bitcoin seized from Silk Roadhttps://fortune.com/crypto/2025/01/09/federal-government-allowed-sell-bitcoin-silk-road-courts/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube:

In the ever-evolving world of software development, the tools you use can either streamline your workflow or slow you down. Mastering the right developer tools isn't just about efficiency—it's about transforming how you approach challenges and fostering habits that drive smarter, more effective development. The Building Better Developers podcast dives deep into this topic, exploring how thoughtful tool selection and intentional habits can lead to meaningful growth and productivity. Let's explore how developer tools can be a catalyst for transformation in your work. Why Developer Tools Matter The podcast emphasizes that developer tools are not just about improving efficiency—they shape how we think and solve problems. Tools like integrated development environments (IDEs), task management software, and even simple utilities help bridge the gap between idea and execution. Choose tools that enhance, not complicate. When evaluating tools, prioritize simplicity and integration over complexity. As Rob Broadhead explains, “Avoid tools that add work. The app should improve your life, not make it harder.” For instance, while tools like QuickBooks Desktop streamline accounting, their online counterparts may introduce unnecessary complexity. Evaluating Developer Tools: A Framework The podcast introduces a structured approach to evaluating tools. Here's a summarized framework: Define Your Needs: Identify the problems the tool should solve. Is it for task tracking, bug fixing, or customer relationship management? Research: Use online comparisons or customer reviews. Google terms like “alternatives to [tool]” or “tools like [tool name]” to discover your options. Test the Tools: Take advantage of free trials or demos to assess usability and functionality. Measure ROI: Evaluate the time and effort saved versus the cost of the tool. By taking this methodical approach, you avoid the common trap of jumping into tools without a clear purpose. Common Pitfalls with Developer Tools Michael Meloche warns against several pitfalls, including: Over-complicating workflows: Switching between multiple tools can lead to inefficiency. Find one that meets most of your needs and stick with it. Time sinks: Developers often spend hours experimenting with tools that don't provide meaningful value. Set clear time limits for evaluating new software. Redundancy: Avoid using multiple tools for the same task. For example, don't use three bug trackers when one robust option like Jira will suffice. Remember, the goal isn't to try every tool but to find those that integrate seamlessly into your existing processes. Top Developer Tools Mentioned The podcast lists several essential categories of tools every developer should explore: Task Management: Tools like Jira, Asana, and Monday.com streamline task organization and collaboration. Version Control: Git remains the gold standard, with platforms like GitHub and GitLab offering enhanced collaboration features. Time Tracking: Tools like Toggl help track productivity and billable hours effectively. Communication: Slack and Microsoft Teams are ideal for keeping remote teams connected. The Seasonal Approach to Tool Mastery Rob proposes a seasonal approach to tool evaluation. Instead of randomly testing tools throughout the year, dedicate specific periods to exploring certain categories. For example, focus on marketing automation tools one season and customer relationship management tools the next. This method ensures you gain deep knowledge of tools relevant to your work without overwhelming yourself. Tips for Implementing New Tools Start Small: Test one feature at a time. For instance, if trying a new IDE, begin by configuring it for a small project. Involve the Team: Gather input from colleagues to ensure the tool works across the board. Track Impact: Use metrics to evaluate the tool's impact, like reduced project delays or improved code quality. Challenge for Developers The podcast ends with a challenge: spend seven days exploring a new category of tools. Here's how to get started: Day 1: Research tools in a specific category (e.g., bug tracking or time management). Days 2-6: Spend 10-15 minutes each day testing different tools. Day 7: Evaluate your findings and pick the one that fits best. This simple exercise sharpens your evaluation skills and helps you discover tools that genuinely improve your workflow. Final Thoughts Building better habits and mastering tools isn't about chasing every shiny new app. It's about intentional choices that align with your goals. As Rob Broadhead wisely concludes, “It's not about doing more; it's about doing what matters.” Take the time to evaluate your toolset, and you'll find yourself not just working harder but working smarter. Ready to embrace the challenge? Let us know your top tool picks! Stay Connected: Join the Develpreneur Community We invite you to join our community and share your coding journey with us. Whether you're a seasoned developer or just starting, there's always room to learn and grow together. Contact us at info@develpreneur.com with your questions, feedback, or suggestions for future episodes. Together, let's continue exploring the exciting world of software development. Additional Resources Updating Developer Tools: Keeping Your Tools Sharp and Efficient Tools to Separate Developers from Coders Building a Strong Developer Toolkit: Enhancing Skills and Productivity Developer Tools That Transform: Habits for Smarter Development Building Better Habits Videos – With Bonus Content

Episode 234 FACULTY: Matt Kidd, CPA CLASS: #Shoperations In this throwback to Sons of CPAs, Scotty chats it up with Matt about his two CPA brothers, diving into how they each built successful practices, inspired by their CPA father. They talk about managing and transitioning CPA firms, incorporating wealth management, modernizing traditional practices, tax season, and client relationships. Tune in for a comprehensive view on growing a client-centric, million-dollar CPA practice, with insights on practical strategies and overcoming challenges in the accounting profession.

In this episode, Hector takes the mic alone to delve into the significant changes in the QuickBooks ecosystem as Intuit phases out new licenses for QuickBooks Desktop Pro and Premier. He explores the implications for existing users, the shift towards QuickBooks Online and Enterprise solutions, and shares personal insights on the emotional impact for long-time QuickBooks Desktop users and consultants. Hector offers a candid and in-depth look at this pivotal moment in accounting software history.SponsorsFishbowl - https://uqb.promo/fishbowlIgnition - https://uqb.promo/ignitionMercury - https://uqb.promo/mercury*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Links/Apps Mentioned in this episode:Hector's Reframe Conference - https://www.reframe2024.com/Hector's App - RightTool www.righttool.appAlicia's RoyalWise OWLS QBO Training - http://royl.ws/uqapodcastAlicia's QuickBooks Ledger Course - http://royl.ws/ledgerIntuit Connect Conference www.quickbooksconnect.comCheck out Alicia's step-by-step QBO Textbooks at http://www.questivaconsultants.comThe Comprehensive Guide to Converting from QuickBooks® Desktop (QBDT®) to QuickBooks® Online (QBO®) https://www.amazon.com/dp/B0D8L29Z5LQuickBooks Online: From Setup to Tax Time https://www.amazon.com/dp/B0CXZB1R95Sign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding (00:00) - Introduction: The End of an Era (02:50) - Impact on Existing QuickBooks Desktop Users (04:42) - The Decline of QuickBooks Desktop (08:50) - Intuit Enterprise Suite: The Future of QuickBooks (12:27) - New Features and Updates in QuickBooks Desktop (26:18) - The Emotional Farewell to QuickBooks Desktop and Final Thoughts

This episode of the Unofficial QuickBooks Accountants Podcast focuses on recent price changes announced by Intuit for QuickBooks products. Hector and Alicia provide a detailed breakdown of the new pricing for QuickBooks Online, QuickBooks Desktop, and related payroll services, discussing the significant increases particularly for Desktop products. They analyze the implications of these changes for accountants and small businesses, noting that the price hikes seem designed to push users towards QuickBooks Online. They also touch on how accountants can prepare for and communicate these changes to clients, while Alicia mentions her upcoming book on converting from QuickBooks Desktop to Online as a timely resource.SponsorsMelio - https://uqb.promo/melio RightRev- https://uqb.promo/rightrevGenwise -  https://uqb.promo/genwise(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (02:24) - QuickBooks Online Price Changes Breakdown (03:37) - New Pricing for QuickBooks Online Products (12:15) - QuickBooks Online Payroll Price Updates (14:00) - QuickBooks Desktop Price Increases (16:41) - Impact on QuickBooks Desktop Users (32:22) - ProAdvisor Bundle Benefits (33:37) - Enterprise Bundle and Mac Version (35:26) - QuickBooks Desktop Cleanup vs. Online (38:23) - Resellers and Pricing Challenges (40:58) - Desktop Payroll Price Increases (42:45) - Enhanced Payroll for Accountants (45:55) - ACH Payment Processing Fees (58:01) - New Book on Converting to QuickBooks Online Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Alicia's article on QuickBooks Expert Assisted Bookkeeping - https://royalwise.com/alicias-thoughts-about-qb-expert-assisted-bookkeeping/Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastAlicia's QBO Products, Services, and Inventory Course - http://royl.ws/qbo-InventoryQuickBooks Connect Conference www.quickbooksconnect.comQuickBooks Tricky Situations: http://royl.ws/QBOtricksNext-Level Accounting: http://royl.ws/NextLevelAccountingCheck out Alicia's step-by-step QBO Textbooks at http://www.questivaconsultants.comSign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboardingDownload the Earmark CPE AppApple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

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In this episode Hector and Alicia discuss the latest updates to the QuickBooks ecosystem for June 2024. They cover new features like the QuickBooks Online desktop app, backdating paychecks, split billing for accountants, I-9 employment verification, and QuickBooks BillPay Elite. They also share their experiences from recent accounting conferences and tease upcoming episodes on QuickBooks price changes and desktop updates. Additionally, Alicia reveals she's writing a new book on converting from QuickBooks Desktop to Online.SponsorsClient Hub- https://uqb.promo/clienthub RightRev- https://uqb.promo/rightrevMakers Hub -  https://uqb.promo/makershub(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (01:58) - Recap of Scaling New Heights Conference (03:04) - The Importance of Community in Conferences (04:22) - Comparing Different Conferences (08:00) - QuickBooks Online Desktop App Updates (09:59) - Backdating Paychecks in QuickBooks Online Payroll (15:56) - Introducing Split Billing in QuickBooks (28:03) - I-9 Employment Verification via Workforce Portal (30:07) - QuickBooks BillPay Elite for Accountants (34:25) - Upcoming QuickBooks Updates and Price Changes (35:46) - Final Thoughts and Upcoming Events Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Alicia's article on QuickBooks Expert Assisted Bookkeeping - https://royalwise.com/alicias-thoughts-about-qb-expert-assisted-bookkeeping/Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastAlicia's QBO Products, Services, and Inventory Course - http://royl.ws/qbo-InventoryQuickBooks Connect Conference www.quickbooksconnect.comQuickBooks Tricky Situations: http://royl.ws/QBOtricksNext-Level Accounting: http://royl.ws/NextLevelAccountingCheck out Alicia's step-by-step QBO Textbooks at http://www.questivaconsultants.com

In this episode, Hector gives Alicia a tour of the QuickBooks Online desktop app, highlighting its features and benefits for users transitioning from QuickBooks Desktop. They discuss the app's customizable navigation, ability to have multiple tabs and windows open simultaneously, and the new split-screen view feature. Hector and Alicia also compare the app to using QuickBooks Online in a browser, noting the trade-offs in performance and functionality. Finally, they touch on the potential for an offline mode and the limitations of not being able to use browser extensions within the app.SponsorsClient Hub- https://uqb.promo/clienthubG-Accon - https://uqb.promo/gacconMakers Hub -  https://uqb.promo/makershub(00:00) - Unofficial QuickBooks Accountants Podcast Episode 43 (03:47) - Hector Role-Plays as Intuit Product Manager (04:47) - Exploring the Desktop View Feature (06:48) - Customizing the Navigation Experience (17:51) - Tabs and Multi-Window Functionality (23:52) - Keyboard Shortcuts and Menu Navigation (29:54) - Exploring the Navigation Bar (31:23) - Zooming Features and Their Benefits (33:54) - Multi-Instance and Split Screen Capabilities (41:18) - Addressing Speed and Offline Mode Concerns (46:39) - Browser Extensions and Their Limitations (49:15) - Upcoming Courses and Conferences (52:06) - Conclusion and Final Thoughts Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Alicia's article on QuickBooks Expert Assisted Bookkeeping - https://royalwise.com/alicias-thoughts-about-qb-expert-assisted-bookkeeping/Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastAlicia's QBO Products, Services, and Inventory Course - http://royl.ws/qbo-InventoryQuickBooks Connect Conference www.quickbooksconnect.comQuickBooks Tricky Situations: http://royl.ws/QBOtricksNext-Level Accounting: http://royl.ws/NextLevelAccountingCheck out Alicia's step-by-step QBO Textbooks at http://www.questivaconsultants.com

This Podcast Is Episode 577, And It's About  Mastering Construction Business Finances Through QuickBooks Desktop The power of effective bookkeeping using QuickBooks Desktop - plus an Important Update from Intuit. Keeping track of sales, earnings, expenses, and purchases is fundamental to your construction business's overall health and sustainability. Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges, and set attainable future goals. Many business owners dread bookkeeping and accounting tasks despite their proven importance. In fact, 40% of surveyed entrepreneurs claim that bookkeeping is one of the worst parts of running a business! Is it worth the aggravation? Here are three reminders of how effective bookkeeping is the cornerstone of small business success: Keeping track of reimbursable expenses A reliable system for tracking reimbursable expenses ensures you reap all the benefits you're entitled to when filing your taxes. Expenditures sorted into categories, such as "food," "travel," and "office supplies," can be cataloged quite simply with online bookkeeping software. Using a dedicated credit card for business expenses and updating your records every month will put money back in your pocket come tax time. Measuring profitability and planning for the future To grow your business, you must be able to track and compare its finances from one year to the next. In addition to reconciling the books and bank statements every month, effective bookkeeping generates records you can use to gain a comprehensive overview of your business. This data can help you: Measure year-over-year profits; Identify opportunities to cut costs; Plan for major expenses (such as new office space, equipment, or staff) and develop data-based strategies for expansion. Preparing for tax season Few things are more stressful for business owners than scrambling to prepare poorly maintained financial records for tax season. In addition to the panic of last-minute filing, inaccurate or incomplete documentation can lead to severe penalties, fines, and an audit. In the United States alone, 40% of small businesses pay an average penalty of $845 per year for late or incorrect filings! Sound bookkeeping can save you money and give you peace of mind. You'll be assured of compliance with regulations and receive a reliable estimate of amounts owing long before your tax bill is due. If you've been following us over the years, you know that we are raving fans of Intuit, the makers of QuickBooks, and have used QuickBooks since the first version was released in 1992. In fact, in 2005, we moved our entire client base, including our own accounting firm's QuickBooks files, to an Intuit-approved commercial hosting environment so we could offer our clients all of the benefits of the full desktop version of QuickBooks accessible online 24/7, and it has been a huge success! We've always encouraged our contractor clients to use QuickBooks Desktop as QuickBooks Online does not offer the full features of QuickBooks. We know that QB Desktop in the Cloud is one area where you can reduce your overhead and increase productivity quickly and easily.  It is a powerful tool that can streamline your accounting processes and provide valuable insights into your company's financial health. Here are some reasons why using QuickBooks Desktop is crucial for your construction business:  1. Industry-Specific Features: QB Desktop offers industry-specific features tailored to the needs of construction businesses. You can track job costs, create estimates, and manage progress invoicing, which is essential for staying on top of your projects' financial aspects.  2. Robust Reporting: QB Desktop provides robust reporting capabilities, allowing you to generate customized reports to analyze your business's performance. You can track profitability by project, compare actual costs to estimated costs, and monitor cash flow to make informed financial decisions.  3. Integration with Third-Party Applications: QBDesktop integrates with various third-party applications commonly used in the construction industry, such as project management software and time-tracking tools. This integration can help you streamline your workflows and eliminate the need for manual data entry.  4. Job Costing: Job costing is a critical aspect of construction accounting, and QB Desktop offers comprehensive job costing features. You can allocate expenses to specific projects, track labor costs, and monitor overhead expenses to ensure that each project remains profitable.  5. Compliance and Security: QB Desktop is designed to help you maintain compliance with industry regulations and ensure the security of your financial data. You can set user permissions to control access to sensitive information and generate audit trails to track changes made to your financial records.  Using QuickBooks Desktop for your construction business can significantly improve your financial management processes and give you the tools to make informed business decisions. However, change is inevitable, and as someone with responsibilities, I have little time to waste; I have learned that sometimes I have to deliver challenging news. (In case you missed our Tuesday email): For those using QuickBooks Desktop 2021 software, it will be discontinued after May 31, 2024. (You may have received this notice from Intuit through your email). This includes all 2021 versions of QuickBooks Desktop Pro, QuickBooks Desktop Premier, QuickBooks Desktop for Mac, and QuickBooks Enterprise Solutions v21. Other Intuit products are affected by the software discontinuation. If you don't upgrade your QuickBooks Desktop 2021 by May 31, 2024, you won't have access to live technical support if you run into problems or any other Intuit services that can be integrated with QB Desktop. This includes QB Desktop Payroll, QB Desktop Payments, and online bank feeds. Discontinued versions won't receive the latest critical security patches and updates. (More info from Intuit) Final tip: This is the time to ask for help There's a good reason why most small businesses outsource at least one accounting function to help manage tasks like payroll, closing the books each month, and managing accounts receivable. With all the changes coming to QuickBooks software, it would be best and all the more reason to ask for support.  Most entrepreneurs are passionate about developing new business ideas – not crunching numbers. Employing or outsourcing a professional construction bookkeeper, even part-time or as-needed, can help optimize your accounting and increase profitability. It's well worth it. Invest in effective bookkeeping and build a solid foundation for a resilient, forward-moving construction business. Feel free to contact me if you need specific guidance on using QuickBooks Desktop for your construction bookkeeping and accounting needs. And, of course, subscribe to our newsletter so you won't miss out on important industry news, events, and updates. PS  We offer free resources to help you save time and money that you can download and print now.  About The Author: Sharie DeHart, QPA, co-founded Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations. She offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com

In this episode, Hector and Alicia dive deep into the features and benefits of QuickBooks Online Advanced, exploring whether the additional cost is worth it for businesses. They compare and contrast QuickBooks Online Advanced with the standard QuickBooks Online Plus plan, highlighting key differences in user permissions, forecasting, batch editing, and more. The discussion also touches on the transition from QuickBooks Desktop to the online advanced version, providing insights for accountants and small business owners considering the move.SponsorsClientHub- https://uqb.promo/clienthubLiveFlow - https://uqb.promo/liveflowHarbor Compliance - https://uqb.promo/harbor(00:00) - Welcome to the Unofficial Quickbooks Accountants Podcast (03:35) - Price Comparison: QuickBooks Online Advanced vs. Plus (05:50) - User Capacity: A Major Selling Point (07:17) - Forecasting: Advanced Budgeting Features (08:57) - Spreadsheet Sync: A Game-Changer for Budgeting (20:28) - Alicia's Correction About this Feature (22:49) - Batch Create Transactions (26:33) - Custom User Permissions: A Work in Progress (29:17) - Diving Into Report Customization and Limitations (31:11) - Workflow Automation and Task Notifications: A Closer Look (44:53) - QuickBooks Online Advanced Tech Support (46:39) - A Few Additional Features Not Listed on QuickBooks.com Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference www.quickbooksconnect.comFirm of the Future www.firmofthefuture.com

Chris Holman welcomes back Trey Williams, CPA, President of Maner Costerisan, Lansing, MI, to discuss recent promotions at Maner Costerisan. LANSING, Mich. – Maner Costerisan has announced 11 staff promotions within its award-winning, full-service business consulting, wealth management, technology and public accounting firm. Ten team members have been promoted to manager and Kevin Todd, CPA, EA, USTCP, has been elevated to senior manager. Kevin Todd, CPA, EA, USTCP, was promoted from manager to senior manager in Maner's tax department, where he will focus on tax planning and compliance for individual and for-profit business returns and provide support for federal and state controversy work. Ten team members across five departments received promotions to manager, including: Brendan Baker, CPA, joined Maner Costerisan in 2019 as an intern and started full-time in 2020. He works in the firm's audit department, providing assurance services to Maner's telecommunication, nonprofit and education clients. Kelly Decker started at Maner in 2018 and previously served as an associate in the firm's accounting & outsourced department. Decker works primarily with nonprofit clients and provides foundational accounting-related services. She recently obtained an American Institute of Certified Public Accountants Nonprofit Certification to assist them better. Decker is also a Certified Sage Intacct Implementation Specialist and provides expertise and guidance on software to the firm's Intacct clients. Adam Frost joined Maner Costerisan in 2019 following a merger with Stevens, Kirinovic & Tucker P.C. He works in the firm's accounting & outsourced department, providing accounting and financial support to Maner's government clients. Steven Guipe, CFP®, joined Maner's Wealth Management team as a wealth advisor in 2021. He collaborates with the firm's clients to develop highly personalized and tailored financial plans to help them achieve their goals. Additionally, he successfully completed the multi-step, rigorous certification process and obtained his Certified Financial Planner license (CFP®) in 2023, allowing him to provide clients with expertise in multiple areas. Will Kwiecinski, CPA, works in Maner's tax department, specializing in consolidated returns and affordable housing partnerships with a focus on personal property taxes. Madison Ley, CPA, joined Maner in 2019 after spending time as an accounting clerk at an insurance agency. She works in Maner's accounting & outsourced department, supporting the firm's small and midsize business and nonprofit clients prepare their financials and payroll. Ana Loew, CPA, started at Maner in 2021 and works in the firm's tax department, providing tax services to nonprofit and for-profit clients. She also specializes in guiding organizations through the intricacies of gaining IRS tax-exempt status. Steven Osborn joined Maner in 2016 and previously served as an associate in the firm's audit department. His daily responsibilities include providing audit and assurance services to nonprofit clients. Madison Reavis joined Maner in 2018 and works in the accounting & outsourced department, providing accounting services to the firm's nonprofit clients. She specializes in QuickBooks Desktop and Online and is a certified QuickBooks Online ProAdvisor. Adam Rivera, Internal IT, Operations, has over a decade of internal IT experience. In his new role, he will oversee critical IT projects, and continue to support Maner's internal technology strategy, ensuring its systems are robust, efficient, secure, and forward-thinking. » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/

In this episode, Hector and Alicia discuss reorganizing and cleaning up various lists in QuickBooks Online, such as the chart of accounts, products and services, locations, classes, and more. They provide tips and best practices for tidying up these lists during a conversion from QuickBooks Desktop to QuickBooks Online. This comprehensive guide aims to help accountants and business owners optimize their QuickBooks Online experience by streamlining and customizing these crucial lists.SponsorsRightTool - https://righttool.appRelay - https://uqb.promo/relayWebgility- https://uqb.promo/webgility(00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast! (03:57) - Celebrating Six Months of Success and Growth (07:19) - Diving Into QuickBooks Online: Fresh Start Cleanup Opportunities (09:16) - Navigating the Chart of Accounts in QuickBooks Online (23:26) - Understanding and Managing Recurring Transactions (25:35) - Optimizing Products and Services for QuickBooks Online (29:32) - Exploring the Nuances of Locations in QuickBooks Online (34:14) - Maximizing the Use of Custom Form Styles (43:08) - Setting Up Terms to Streamline Payments (44:36) - Cleaning Up Classes and Locations for Better Organization (47:48) - Leveraging Attachments for Better Record Keeping (50:38) - Concluding Thoughts on QuickBooks Online List Management Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference www.quickbooksconnect.comFirm of the Future www.firmofthefuture.com

In this episode, Hector and Alicia discuss the "concierge setup" process, and the steps and services provided by an advisor to ensure a smooth transition for clients moving from QuickBooks Desktop to QuickBooks Online. They cover various considerations like chart of accounts adjustments, bank feed setups, leveraging new QBO features, and providing training and guidance tailored to the client's needs. The discussion highlights the value-added services advisors can offer beyond just migrating data to truly set clients up for success on the new platform.SponsorsRelay - https://uqb.promo/relayClientHub- https://uqb.promo/clienthub(00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast (01:35) - Introduction to Concierge Setup (02:19) - The Importance of Desktop Migration (04:12) - Understanding the Limitations of QuickBooks Online (05:53) - Setting Up Bank Feeds (12:15) - The Power of QuickBooks Online's Multi-Dimensional Features (20:51) - Leveraging Receipt Management and Capture (24:14) - Setting Up Report Defaults (27:37) - Check Printing and Online Bill Pay (28:58) - Custom Fields in QuickBooks Desktop and Online (31:06) - Advantages of QuickBooks Online Advanced (35:33) - Recreating Custom Reports in QuickBooks Online (39:03) - Customizing the QuickBooks Online Interface (42:51) - Using Delayed Charges and Credits in QuickBooks Online (44:13) - Setting Up Budgets in QuickBooks Online (46:27) - Different Approaches to QuickBooks Online Implementation (50:12) - Post-Conversion Cleanup in QuickBooks Online (52:11) - Wrap up and Remember to Subscribe Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference www.quickbooksconnect.comFirm of the Future www.firmofthefuture.com

(Originally recorded on February 15, 2024 on Earmark Webinars+) Hector and Blake recount a brief history of QuickBooks Desktop vs QuickBooks Online through the end of 2023, the state of Intuit's current offers and posturing in the market, and where they think QuickBooks is moving into for 2024 and beyond.Chapters(01:11) - Hector's Journey: From Tax Practice to Tech Innovator (03:16) - A Deep Dive into QuickBooks' Evolution (07:12) - The Shift to QuickBooks Online and Its Ecosystem (11:41) - Predicting the Future: QuickBooks Desktop's Demise (12:08) - QuickBooks Online: Aiming for Total Workflow Control (14:03) - The Role of AI in Shaping QuickBooks' Future (16:08) - Intuit's Strategy: Moving Beyond Desktop Versions (25:21) - The Controversy Around QuickBooks Live Bookkeeping and Tax Services (30:15) - The Impact of QuickBooks on Accounting Professionals (31:16) - QuickBooks' Strategy for Tax Services (33:07) - The Evolution of QuickBooks Live and Assisted Services (35:14) - The Challenges of Running a Service Business vs. Software Company (37:22) - Intuit's Strategic Shift Towards Assisted Services (42:08) - The Future of Accounting: AI and Automation (48:02) - Listener Questions and Insights on QuickBooks Features (54:37) - Exploring TurboTax Verified Pro and Its Implications (57:08) - Closing Remarks and Resources Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comEarn CPE for this episode https://app.earmarkcpe.com/?course_id=8b2e537a-e5f6-4c4d-a94f-c93b44000ebaDownload the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guest, Hector Garcia, CPALinkedIn: https://www.linkedin.com/in/hectormgarciacpa/Website: http://www.hectorgarcia.comTwitter: https://twitter.com/qbkaccountingConnect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

Join us in exploring the Unofficial Quickbooks Accountants Podcast with incredible insights from Alicia Katz Pollock & Hector Garcia. Don't miss the exclusive sneak peek into Right Tool App, AI integration, and the future of accounting. Ready to level up your skills? Dive into the full conversation now! Gain insights into cutting-edge accounting tools and strategies. Uncover the secrets to navigating financial statements, tax planning, and industry benchmarks. Elevate your accounting game with the Unofficial Quickbooks Accountants Podcast!TimeStamps :[02:09] - Hector and Alicia introduce themselves[03:27] - Discussion starts about the podcast's early success[05:32] - Alicia talks about training methods[12:51] - Hector discusses how markets, people, technology evolve over time[15:25] - Hector introduces his new conference and app[16:53] - Discussion with Alicia begins[18:04] - Alicia talks about changes happening with QuickBooks desktop[20:18] - Alicia introduces her new book[21:06] - Book helps map taxes to financial statements[22:36] - Alicia discusses new training portal offering[23:16] - Alicia wraps up key points at the end

In this episode, Hector and Alicia continue their discussion on converting from QuickBooks Desktop to QuickBooks Online by focusing on the steps an accountant should take after the migration, such as re-connecting bank feeds, handling unbilled expenses, repeating reconciliations, and setting up the sales tax center. They also cover how to map over jobs and sub-customers to projects and re-setting user permissions in QuickBooks Online.(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (02:18) - Understanding Connected Services in QuickBooks (05:30) - Handling Reconciliations Post Conversion (14:02) - Setting Up New Users in QuickBooks Online (27:19) - Managing Multiple AR and AP Accounts After Conversion (29:48) - Understanding Unbilled Expenses (37:51) - Sales Tax Conversion Challenges (44:51) - Managing Projects and Subcustomers (55:10) - Wrap Up and Remember to Subscribe Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference:www.quickbooksconnect.comFirm of the Future: www.firmofthefuture.com

Hector and Alicia continue their discussion on converting from QuickBooks Desktop to Online. They go through a detailed step-by-step guide of Alicia's standard operating procedure for migrations, including prep work like condensing files, considerations during the conversion, and auditing the new file after to ensure accurate data transfer. They also talk about common hurdles like inventory valuation changes and reordering of chart of accounts.SponsorsRightTool - https://righttool.appRelay - https://uqb.promo/relayClientHub- https://uqb.promo/clienthub(00:00) - Unofficial QuickBooks Accountants Podcast Episode 24 (02:36) - Introduction to QuickBooks Desktop to Online Conversion (03:11) - Understanding the Conversion Process (04:05) - Challenges in Conversion: Audit Trail and File Size (05:00) - Preparation for Conversion: File Size and Targets (07:00) - Dealing with Large File Sizes: The Condense Utility (12:52) - Pre-Conversion Checks: Running Comparison Reports (18:58) - The Conversion Process: From QuickBooks Desktop to Online (33:17) - Post-Conversion: Comparing Reports and Adjustments (49:50) - Closing Remarks and Future Plans Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference:www.quickbooksconnect.comFirm of the Future: www.firmofthefuture.com

In this episode of the Unofficial QuickBooks Accountants Podcast, Hector and Alicia discuss what does and doesn't convert when migrating from QuickBooks Desktop to QuickBooks Online, covering topics like attachments, budgets, inventory, payroll, price levels, progress invoicing, purchase orders, and assemblies. They explain the challenges involved in conversions, with costs ranging widely based on the complexity of the client's needs.SponsorsRelay - https://uqb.promo/relay(00:00) - Welcome to the show (03:55) - The Cost of Conversion: Real-life Examples (05:05) - The Spectrum of Conversion Scenarios (19:22) - The Complexities of Inventory Conversion (25:45) - The Challenges of Multi-currency Conversion (26:40) - Understanding the Conversion Process (26:47) - The Challenges of Payroll Conversion (28:40) - The Intricacies of Payroll Conversion (36:27) - The Effect of Conversion on Customer and Vendor Details (38:56) - The Complexities of Progress Invoicing (45:28) - The Limitations of Assemblies in Conversion (47:40) - Wrap up and stayed tuned for new episodes Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference:www.quickbooksconnect.comFirm of the Future: www.firmofthefuture.com

In the realm of SaaS, mastering financial management is non-negotiable. In this episode of SaaS Fuel podcast, Jeff Mains is joined by Regan Bashara – founder of All Ease Accounting LLC. She is a QuickBooks Online Advanced ProAdvisor and is on a mission to provide ethical wealth-building tools to businessesRegan explores the transition from QuickBooks Desktop to QuickBooks Online, showcasing the advantages of leveraging automation and AI in modern accounting. She demonstrates how QuickBooks Online streamlines the process, turning financial management into a more engaging and approachable experience by incorporating gamification elements.From leveraging accounts receivable as leverage for loans to customizing financial language for better comprehension, Regan underlines the importance of an accountant not just as a data cruncher but as an advisor and partner.Key Takeaways[00:02:21] - Power of RevOps in Scaling SaaS[00:08:37] - The Importance of Numbers in Business[00:24:15] - Managing Revenue for Long-Term Success[00:28:58] - Financial Considerations for Acquisitions[00:34:59]- Gamify Budget for Positive Outlook[00:37:17] - Balancing Creativity and Accounting in BusinessTweetable Quotes"It's really easy to say, and it's much harder to do consistently." - 00:01:04 Jeff Mains"RevOps is like the fuel injectors in that growth engine for scaling SaaS companies." - 00:02:02 Jeff Mains"The biggest mistake I see is folks not having a system of financial record keeping that works for them." - 00:14:01 Regan Bashara"Yeah, and I think that gamifying it, and I do that with, you know, looking around and trying to find money honestly. Like, I can always find some money hiding somewhere.” - 00:35:08 Regan Bashara"Numbers can be uncomfortable, but it's just black and white on a page, and I would much rather their numbers be helpful or encouraging or useful in some way to them rather than something that they just end up beating themselves over the head about because they mess something up." - 00:39:15 Regan BasharaSaaS Leadership LessonsEmbrace Financial Literacy as a Leadership Skill: Reagan Bishara's extensive decade-long experience emphasizes the importance of financial literacy. It's crucial to being well-versed in financial principles, such as understanding the impact of cash versus accrual accounting and revenue recognition.Integrate Financial Management into Your Strategic Vision: The transition from QuickBooks Desktop to QuickBooks Online exemplifies how technological advancements in financial management can become strategic assets. View financial data not as a mere record-keeping necessity but as a compass that guides the company's strategic direction.Implement Strong Financial Controls and SOPs: Granting employees too much financial access can lead to losses. A strategic leader knows how to establish robust Standard Operating Procedures (SOPs) that balance empowerment with oversight, thus protecting the company's assets while fostering a responsible culture.Recognize the Role of Finance in Value Creation: Whether preparing for a potential acquisition or seeking investment, this episode highlights the need to present financials in a way that reflects true...

Send us a text message! But please include your email or a way to get in touch with you. This feature is not two way! Why is July 31, 2024 a date to remember and possibly cry over? In this episode, our loveable bookkeeping mensch, Paul Rosenblum, takes us on a rollercoaster of emotions as he grapples with the impending retirement of certain QuickBooks Desktop products. That happen on, you guessed it, July 31st this year. Amidst the cheerful buzz from other users, Paul laments the looming changes, details the general decline in small business software over the years and, yes, vents about technological “progress” making his job harder, not easier. 

There have been rumors about QuickBooks Desktop being retired for many years, yet QuickBooks Online still isn't the same capability level as Intuit's older software for contractors. Some recent announcements from them give us more of a direction, and these announcements weren't given to the general public. We're sharing what you need to know this week.Topics we cover in this episode include:Recent announcements from Intuit on QuickBooks Online QuickBooks Desktop became a subscription model in 2022QuickBooks stopped selling the payroll subscription to the general publicOther accounting software optionsKey things to look for in bookkeeping softwareLINKSVisit the episode page at https://carpentercpas.com/quickbooksdesktop for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

There have been rumors about QuickBooks Desktop being retired for many years, yet QuickBooks Online still isn't the same capability level as Intuit's older software for contractors. Some recent announcements from them give us more of a direction, and these announcements weren't given to the general public. We're sharing what you need to know this week.Topics we cover in this episode include:Recent announcements from Intuit on QuickBooks Online QuickBooks Desktop became a subscription model in 2022QuickBooks stopped selling the payroll subscription to the general publicOther accounting software optionsKey things to look for in bookkeeping softwareLINKSVisit the episode page at https://carpentercpas.com/quickbooksdesktop for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

Blake and David discuss Intuit's announcement that QuickBooks Desktop will no longer be sold as new subscriptions after July 2024. They also talk about the need for changes in the accounting profession, such as simplifying financial reporting requirements and revising the 150-hour rule. In other news, they cover sanctions against China-based accounting firms, incorrect IRC claims by businesses, and the Adidas-Kanye West fallout. They also explore how AI can help explain complex concepts to clients clearly and accurately.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Relay - https://cloudaccountingpodcast.promo/relay Keeper - https://cloudaccountingpodcast.promo/keeperChapters (01:13) - Accounting has been in the news a lot recently (03:57) - QuickBooks Desktop is dead (11:26) - Blake's thoughts from The Digital CPA Conference (16:18) - CPA Journal - eliminate the 150-hour rule (18:26) - The Accountant 2 film confirmed (21:04) - Blake went to Kentucky (22:39) - The PCAOB sanctioned 3 China-based firms (25:33) - The IRS sends 20,000 letters regarding ERC claims (30:02) - Kanye West and Adidas fallout (38:41) - Earmark updates and the IRS releasing taxpayer business accounts (40:48) - CFO.com: 61% of finance executives are not using AI (44:54) - Can AI trim years off of the partner path? (46:25) - The traditional CPA firm structure (50:10) - Blake asks AI to explain basis to a non-accountant (56:27) - AccountingWeb tricks to help detect AI-written articles (59:09) - Wrap up and how to reach us  Show NotesTwitter: Any good plain-English way to explain basis? https://x.com/wtfoote/status/1725193933410668755?s=12 61% of Finance Execs Not Using AI Yet: Weekly Stat | CFOhttps://www.cfo.com/news/artificial-intelligence-implementation-adoption-gartner-survey/699082/ The Yeezy standard for accounting | Financial Timeshttps://www.ft.com/content/8b094370-f7e7-492b-b56d-6c0096be7784BST & Co. Got Sick of Hounding Rudy Giuliani to Pay His Bill So Now They're Suing Him          https://www.goingconcern.com/bst-co-got-sick-of-hounding-rudy-giuliani-to-pay-his-bill-so-now-theyre-suing-him/ PCAOB sanctions three Chinese firms, including PwC affiliateshttps://www.accountingtoday.com/news/pcaob-sanctions-three-chinese-firms-including-pwc-affiliates The Accounting Profession Is in Crisis    https://www.cpajournal.com/2023/12/01/the-accounting-profession-is-in-crisis/ BREAKING NEWS: QuickBooks Desktop Product Changeshttps://insightfulaccountant.com/accounting-tech/general-ledger/breaking-news-quickbooks-desktop-product-changes/ What Can the Profession Do?       https://www.cpajournal.com/2023/12/04/what-can-the-profession-do/ Supreme Court could make massive tax impact — or none at allhttps://www.accountingtoday.com/news/supreme-court-to-hear-arguments-in-moore-v-u-s Billionaire Tax Rests on a Disputed $14,729 Refund at the Supreme Courthttps://www.cpapracticeadvisor.com/2023/12/04/billionaire-tax-rests-on-a-disputed-14729-refund-at-the-supreme-court/98782/ Some of the Big 4 consulting giants already think AI could trim years off the path to partner        https://fortune.com/2023/12/04/big-4-consulting-giants-pwc-kpmg-ai-trim-years-path-partner/ Opioid trust transparency questioned after accounting firm choicehttps://www.thecentersquare.com/pennsylvania/article_c7977d42-9515-11ee-8bd6-3b90276d4b6b.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast ClassifiedsRoyalwise - https://learn.royalwise.com/Forwardly - https://www.forwardly.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Hector and Alicia react to Intuit's bombshell announcement that QuickBooks will end new subscriptions for QuickBooks Desktop Pro, Premier, and Mac after July 31, 2024 - marking the beginning of the end for the desktop software. They discuss implications for accountants and small businesses, Intuit's motivations to move users to QuickBooks Online, the pros and cons of the online platform, and hopes that resources dedicated to Desktop can now improve QuickBooks Online.SponsorsLiveFlow - https://uqb.promo/liveflowTimesheets.com- https://uqb.promo/timesheetsOnPay - https://uqb.promo/onpay (00:00) - Welcome To The Unofficial QuickBooks Accountants Podcast (01:58) - Is Intuit Killing QuickBooks Desktop In 2024? (02:43) - Details and Impacts of Announcement (10:30) - Why Intuit is Sunsetting Desktop (18:18) - Perspectives on Desktop and Online (27:13) - Other Factors Influencing Transition (32:29) - Changes to Desktop Payroll Pricing (47:56) - Wrap Up and Conclusions Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode: Hector's App - RightTool www.righttool.app Alicia's Training - RoyalWise http://royl.ws/uqapodcast QuickBooks Connect Conference:www.quickbooksconnect.com Firm of the Future: www.firmofthefuture.com

You know the basics of QuickBooks, but are ready to take your skills to the next level? On this episode Hector and Alicia discuss the key steps for going from QuickBooks beginner to pro, including getting certified, hands-on practice, utilizing online resources, and finding a mentor.SponsorsLiveFlow - https://uqb.promo/liveflowTimesheets.com- https://uqb.promo/timesheetsOnPay - https://uqb.promo/onpay (00:00) - How to become a QuickBooks expert (04:17) - What kind of books or written material can people invest in to become an expert in QuickBooks? (12:27) - QuickBooks Desktop course in 2023 (17:53) - Using a personal QBO file to learn (20:49) - Using classes, Locations, and tags in a personal file (23:51) - ProAdvisor training and certifications (28:39) - Importance of the Advanced Certification (30:21) - Unpaid internships at accounting firms (32:58) - Wrap up and remember to subscribe so you don't miss an episode Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode: Hector's App - RightTool www.righttool.app Alicia's Training - RoyalWise http://royl.ws/uqapodcast QuickBooks Connect Conference:www.quickbooksconnect.com Firm of the Future: www.firmofthefuture.com

Hector and Alicia dig into all the details and speculation around Intuit's newest cloud accounting product QuickBooks Ledger. Is it an affordable option for write-up clients or an over-hyped limited edition QBO? What does it mean for accountants and their clients?SponsorsLiveFlow - https://uqb.promo/liveflowTimesheets.com- https://uqb.promo/timesheetsOnPay - https://uqb.promo/onpay (00:00) - Welcome To The Unofficial QuickBooks Accountants Podcast (04:08) - Discussing the Release Date and Timeline of QuickBooks Ledger (07:03) - QuickBooks Ledger Pricing and Target Audience (08:55) - Key Features Included and Not Included in QuickBooks Ledger (29:22) - Converting from QuickBooks Desktop and Downgrading from Simple Start (48:28) - Potential Workarounds for Desktop Conversion and Simple Start Downgrading (50:16) - Updates to QuickBooks Online Bank Feeds (56:56) - The Importance of Fixing the Little Things Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode: Hector's App - RightTool www.righttool.app Alicia's Training - RoyalWise http://royl.ws/uqapodcast QuickBooks Connect Conference:www.quickbooksconnect.com Firm of the Future: www.firmofthefuture.com

On this episode of the Unofficial QuickBooks Accountants Podcast, Hector and Alicia discuss the new features released in QuickBooks Desktop 2024, including an enhanced search capability across all lists, prepayments linked to sales orders in Enterprise, and inventory category enhancements. The hosts also consider whether a Mac version will be released and the challenges of switching between Desktop, Online, and Mac.SponsorsLiveFlow - https://uqb.promo/liveflowTimesheets.com- https://uqb.promo/timesheetsOnPay - https://uqb.promo/onpay (02:34) - What new features are you excited about in QuickBooks Desktop '24? (06:02) - Enterprise Features (12:27) - Inventory Category Enhancements (15:36) - Lot Number Reporting (18:42) - QuickBooks for Mac (22:21) - Wrap up and what's new with Hector and Alicia Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode: Hector's App - RightTool www.righttool.app Alicia's Training - RoyalWise http://royl.ws/uqapodcast Hector's Conference - Creative Business Models for Accountants:www.altaccountant.com QuickBooks Connect Conference:www.quickbooksconnect.com Firm of the Future: www.firmofthefuture.com This podcast is independently operated and is not affiliated with or endorsed by Intuit Inc. or QuickBooks®. Any references to Intuit and QuickBooks products are made solely for the purpose of discussing the topics related to the company and its software. 

In this episode, Aaron shares how they switched clients from QuickBooks Desktop to QuickBooks Online due to software changes. They encountered challenges, including a frustrated client who demanded fast solutions. Aaron emphasizes that yelling doesn't work and recommends better communication and understanding diverse perspectives to solve problems. Ultimately, he encourages collaboration and respectful communication over shouting. HIGHLIGHTS: An unexpected software shift disrupts operations Challenges in syncing software due to complexity Client frustration with demands for quick solutions Recognizing the ineffectiveness of yelling in resolving issues Stressing the importance of maintaining professional, respectful communication SOCIAL MEDIA:  ✅Subscribe to Aaron's Channel: https://www.youtube.com/channel/UC2SL5iGQlGaTEbvsqpG_oIA *Get notified whenever Aaron goes post!  ✅Follow Aaron Clippinger and The AC Method on Instagram: https://www.instagram.com/theacmethod/ TIME STAMPS 00:00: Prelude 00:12: The story of how QuickBooks went from being a pioneer to causing headaches 01:35: Programming the API link 03:10: Accounting is the biggest black-and-white gray area 05:42: The owner's aggressive communication 07:44: There's no excuse that yelling while screaming is a good thing 09:18: Why did yelling and rudeness seem like the right reaction? 10:08: Programming is not an exact science 10:58: When you get frustrated, explain it 11:19: END Learn more about your ad choices. Visit megaphone.fm/adchoices

As a business owner, bookkeeper, or accountant, you want to make sure that you are utilizing your time as wisely as possible, which includes processing your bookkeeping in the most efficient way possible.  There are many options for you to do this when you are using a computerized software system for your bookkeeping, but making sure you are utilizing each option to its fullest extent will ensure you are saving the time you are setting out to achieve.  If you are using Quickbooks Desktop or QuickBooks Online, bank feeds are one area that you can save time.  In today's podcast episode, I'm talking about how bank feeds can save you time, as well as a few of the pitfalls that you need to avoid so you can feel confident knowing that you can rely on your financial statements being accurate.  Whether you are starting a business or side hustle, you're a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA, gaining efficiency with your bookkeeping by using bank feeds can be a game changer in how you record your transactions in your bookkeeping software, and having the peace of mind that you are doing it correctly will help with any self-doubt that may be holding you back from doing your bookkeeping on a routine basis… Find out how you can work with me by either scheduling a free consultation or signing up for the BALANCE Life Coaching program, where you can get private one-on-one coaching every week.  Find out where you'd like to see yourself and your business in the future.  We'll create a laser-focused plan, including which action steps you need to take to get started on the path to success: https://www.financialadventure.com/work-with-me Accountants, CPAs, Bookkeepers, Tax Preparers & Financial Professionals, sign up here to get updates on upcoming opportunities & grab the Audit Of Your Well-Being & Balance Guide here: https://www.financialadventure.com/accountant Ready to set up your business?  I have a program I'm creating to help you get your business set up so that you can start making money.  Sign up for this program here: https://www.financialadventure.com/start Are you ready to try coaching?  Schedule an Introductory Coaching Session today.  You'll have the opportunity to dip your toes in and see how you like coaching with an Introductory Coaching Session.  I'll spend the whole time coaching you on anything you'd like coaching on in your business or your personal life: https://www.financialadventure.com/intro Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for.  Are you ready to generate revenues and increase the profit in your business: https://www.financialadventure.com/profit If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here: https://www.financialadventure.com/sidehustle Grab Your FREE guide:  5 Essential Strategies For Stress-Free Bookkeeping: https://www.financialadventure.com/5essentials Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You: https://www.financialadventure.com/starterguide Join Our Facebook Community:  https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration!  You can learn more and sign up here: https://www.financialadventure.com/sba Looking for a payroll solution for your business?  You can get an exclusive 15% discount on your payroll services when you sign up here: https://www.financialadventure.com/adp QuickBooks Online - Save 30% Your First 6 Months: https://www.financialadventure.com/quickbooks Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you: https://www.financialadventure.com/discovery Show Notes:  https://www.financialadventure.com This podcast is sponsored by Financial Adventure, LLC ~ visit https://www.financialadventure.com for additional information and free resources.

On this inaugural episode of The Unofficial QuickBooks Accountants Podcast, Alicia and Hector recap all the latest features and changes coming to QuickBooks Online, including Mailchimp, custom reporting, workflow automation, and more. They also dive into the shifting QuickBooks Desktop landscape with price hikes, reduced access, and new capabilities on the horizon.SponsorsLiveFlow - https://uqb.promo/liveflowKeeper - https://uqb.promo/keeper OnPay - https://uqb.promo/onpaySend your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comThis podcast is independently operated and is not affiliated with or endorsed by Intuit Inc. or QuickBooks®. Any references to Intuit and QuickBooks products are made solely for the purpose of discussing the topics related to the company and its software. Links/Apps Mentioned in this episode: Hector's App - RightTool www.righttool.app Alicia's Training - RoyalWise http://royl.ws/uqapodcast Hector's Conference - Creative Business Models for Accountants:www.altaccountant.com QuickBooks Connect Conference:www.quickbooksconnect.com Firm of the Future: www.firmofthefuture.com

Blake and David discuss issues relating to the accounting profession's talent pipeline, including a high school student's negative experience in her first accounting class and efforts by state CPA societies to reduce licensing barriers. They move on to tech topics, like the slow adoption of AI tools such as ChatGPT among accountants and new product features announced by Intuit and Xero. Wrapping things up, they share listener feedback on finding resources to learn new accounting software and workflows and provide commentary on app subscription price increases and the need for accountants to price their services properly.Sponsors OnPay - https://cloudaccountingpodcast.promo/onpay CCH Access - https://cloudaccountingpodcast.promo/axcess Keeper - https://cloudaccountingpodcast.promo/keeperChapters (00:00) - Preview: Accountants need to charge more (01:02) - Welcome to The Accounting Podcast : Blake talks to high school senior in an accounting class (10:41) - The South Carolina Accociation of CPAs introduces new changes to 150 rule (20:02) - Air traffic controllers are understaffed and narrowly avoiding disaster (23:51) - The number of EA's in The NAEA is down 23% over the last 5 years (26:10) - Comparing air traffic controller shortage to accounting shortage (31:26) - Attestation reports are not audits (34:09) - Listener mail from a bookkeeper asking for recommendations on how to learn QuickBooks better (40:36) - What should firms do when accounting software raise their prices? (46:26) - LegalZoom launches LegalZoom Books (49:02) - How many Ohio CPAs have tried ChatGPT at all? (51:57) - Intuit released their year end earnings (55:07) - Some new Xero AI news & Xerocon is back in the US for 2024 (59:15) - Relay ups FDIC insurance to $2.5 million and Stripe offers sales tax calculations (01:01:25) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesProduct wrap from Xerocon Sydney 2023 | Xero Blog        https://www.xero.com/blog/2023/08/product-wrap-from-xerocon-sydney-2023/ 150 Hours is a Barrier – Really! - Going Concern  https://www.goingconcern.com/150-hours-is-a-barrier-really/ Jacob Schroeder: 86% of OSCPA Town Hall attendees have not used ChatGPT at allhttps://x.com/jacobbschroeder/status/1694748226904060157?s=12 SCACPA Proposing Legislation to Address Pipeline Challenges – SCACPAhttps://www.scacpa.org/scacpa-proposing-legislation-to-address-pipeline-challenges/ Airline Close Calls Happen Far More Often Than Previously Knownhttps://www.nytimes.com/interactive/2023/08/21/business/airline-safety-close-calls.html Please join the Arizona State Society of Enrolled Agents “Town Hall”          https://aztaxpros.org/images/meeting/082323/Town_Hall/azsea_invite_to_town_hall_on_aug_23__2023.pdf Question from a bookkeeperhttps://www.linkedin.com/feed/update/urn:li:activity:7094151084134338560/Upcoming changes to QuickBooks Desktop pricing + FAQshttps://www.firmofthefuture.com/product-update/quickbooks-desktop-pricing-changes/ Dext pricing change from today https://www.accountingweb.co.uk/any-answers/dext-pricing-change-from-today Introducing Ramp Plus   https://ramp.com/blog/introducing-ramp-plus Fintech Ramp is Raising Capital at $5.5 Billion Valuation, Down 30%           https://www.theinformation.com/articles/fintech-ramp-is-raising-capital-at-5-5-billion-valuation-down-30 Accountants face up to the cost of cloud app stacks          https://www.accountingweb.co.uk/tech/tech-pulse/accountants-face-up-to-the-cost-of-cloud-app-stacks Stripe Unveils “Tax for Platforms” to Streamline Tax Compliance for Small Businesses         https://smallbiztrends.com/2023/08/stripe-unveils-tax-for-platforms-to-streamline-tax-compliance-for-small-businesses.html Intuit (INTU) Q4 2023 Earnings Call Transcript      https://www.fool.com/earnings/call-transcripts/2023/08/24/intuit-intu-q4-2023-earnings-call-transcript/ Why Students Opt for Accounting (or Don't)         https://cpatrendlines.com/2023/08/20/why-students-opt-for-accounting-or-dont/ CPA Exam Changes and Pipeline Woes Are a Perfect Storm of Problems For the Profession               https://www.goingconcern.com/cpa-exam-changes-and-pipeline-woes-are-a-perfect-storm-of-problems-for-the-profession/ Stop calling them auditshttps://blockworks.co/news/blockchain-audits-ey FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Dayhttps://www.coindesk.com/policy/2023/08/23/ftx-bankruptcy-burning-through-15m-in-legal-costs-every-day/ 150 Hours is a Barrier - Really!    https://www.goingconcern.com/150-hours-is-a-barrier-really/ SCACPA Proposing Legislation to Address Pipeline Challenges – SCACPAhttps://www.scacpa.org/scacpa-proposing-legislation-to-address-pipeline-challenges/ Xerocon Returns to the US           https://www.intuitiveaccountant.com/education-hub/training-center/xerocon-returns-to-the-us/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts Podchaser: http://cloudacctpod.link/podchaser Spotify: http://cloudacctpod.link/Spotify Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast YouTube: https://www.youtube.com/c/CloudAccountingPodcast ClassifiedsFinDaily - https://findaily.io/ Forwardly - https://www.forwardly.com/Royalwise - https://royalwise.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Major changes are afoot in the world of QuickBooks. QBO and Payroll prices are going up. Intuit is phasing out QuickBooks Desktop Pro while touting QuickBooks Online and Enterprise as the future, though Hector predicts Desktop will still have a 2024 edition. QBO Advanced still needs improvements, like reverting to a static navigation bar, and Hector is excited about new integrations with QuickBooks Checking. Tune in for insights from Hector Garcia, CPA, on the past, present, and future of Intuit's small business accounting software. (00:00) - Quickbooks dropped the ball with QuickBooks Checking (00:32) - Earn Free CPE (00:53) - Welcome Hector back to the show (02:16) - QuickBook Online price changes (06:21) - How will Intuit make sure its LLM is learning the right things? (09:52) - What's new with QuickBooks Desktop Pro and Premier? (18:01) - Why can't QBO do better inventory and what apps do you recommend for inventory? (19:18) - Let's talk about QuickBooks Checking (25:24) - Are you recommending QuickBooks checking to clients? And what do they need to do to get to that point? (29:29) - Revisiting Hector's 2022 predictions for QuickBooks Desktop (31:05) - Some new features (35:40) - Hector's QuickBooks browser extension RightTool (38:43) - How do you protect client information in RightTool (40:11) - Hector sold his tax practice and he's having a conference in Miami (44:18) - We're launching a new QuickBooks podcast! Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comDownload the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guest, Hector Garcia, CPALinkedIn: https://www.linkedin.com/in/hectormgarciacpa/Subscribe to updates about the Unofficial QuickBooks Podcast: http://eepurl.com/iw4kpELearn more about Hector's conference in Miami: https://altaccountant.com/creative/Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

Is it time to finally migrate from QuickBooks Desktop to an online version?Many business owners know they need to make the switch but are avoiding the inevitable because it feels like an overwhelming process. However, thanks to experts like Brad White of Varc Solutions, you can easily navigate the different challenges that may come up with the data conversion and migration. In this episode, Brad joins Lindsay and Jeffery to talk about some of the biggest questions clients have when it comes to this transition and what you need to consider before jumping in. He also shares typical frustrations with this software, the difficulties of importing data, and the long wait times for customer support. Brad also offers some insight on what he feels is the future of QuickBooks desktop and whether it will be discontinued in favor of QuickBooks online. Additionally, they discuss the nuances of payroll systems in both versions and how to choose the right solution for your business. To learn more about Brad, visit: https://varcsolutions.com/To connect with Jeffrey, visit: payrollguroo.com or call (214) 551-4650To connect with Lindsay, visit: Sakline.com

Reconciling credit card transactions in either QuickBooks Desktop or QuickBooks Online is easy to do as long as you have the correct procedures in place to do it accurately.  Over the years, I have seen many different ways businesses have recorded their transactions and how quickly their financial reports can reflect inaccurate data.  When I walk clients through the correct way to record these credit card transactions, they are amazed at how simple and accurate it can be.  In today's episode, I am going to walk you through one of the best processes for recording your credit card transactions.  It makes reconciling these accounts simple and accurate so that you can ensure you have all your transactions accounted for.  Whether you are starting a business or side hustle, you're a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA; if you are tired of struggling to record your credit card transactions and you are looking for a solution to make it simple and accurate, this episode is perfect for you… Find out how you can work with me by either scheduling a free consultation or signing up for the BALANCE Life Coaching program, where you can get private one-on-one coaching every week.  Find out where you'd like to see yourself and your business in the future.  We'll create a laser-focused plan, including which action steps you need to take to get started on the path to success: https://www.financialadventure.com/work-with-me Accountants, CPAs, Bookkeepers, Tax Preparers & Financial Professionals, sign up here to get updates on upcoming opportunities & grab the Audit Of Your Well-Being & Balance Guide here: https://www.financialadventure.com/accountant Ready to set up your business?  I have a program I'm creating to help you get your business set up so that you can start making money.  Sign up for this program here: https://www.financialadventure.com/start Are you ready to try coaching?  Schedule an Introductory Coaching Session today.  You'll have the opportunity to dip your toes in and see how you like coaching with an Introductory Coaching Session.  I'll spend the whole time coaching you on anything you'd like coaching on in your business or your personal life: https://www.financialadventure.com/intro Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for.  Are you ready to generate revenues and increase the profit in your business: https://www.financialadventure.com/profit If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here: https://www.financialadventure.com/sidehustle Grab Your FREE guide:  5 Essential Strategies For Stress-Free Bookkeeping: https://www.financialadventure.com/5essentials Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You: https://www.financialadventure.com/starterguide Join Our Facebook Community:  https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration!  You can learn more and sign up here: https://www.financialadventure.com/sba Looking for a payroll solution for your business?  You can get an exclusive 15% discount on your payroll services when you sign up here: https://www.financialadventure.com/adp QuickBooks Online - Save 30% Your First 6 Months: https://www.financialadventure.com/quickbooks Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you: https://www.financialadventure.com/discovery Show Notes:  https://www.financialadventure.com This podcast is sponsored by Financial Adventure, LLC ~ visit https://www.financialadventure.com for additional information and free resources.

For today's episode, Jared welcomes legal tech expert Peggy Gruenke who discusses the advantages of using cloud-based accounting systems like QuickBooks Online and integrating them with Law Practice Management software. She highlights the importance of maintaining accurate data and the need for training law firms and bookkeepers to use these systems effectively. Peggy emphasizes the focus on financial management, tracking revenue and expenses, and monitoring KPIs such as billing and collections rates. She advises engaging a professional to assist with law firm accounting and finance for increased efficiency. Episode Highlights 04:23 Debate between QuickBooks Desktop vs. QuickBooks Online and the advantages of using a cloud-based software system 07:01 The ease of transitioning from QuickBooks Desktop to QuickBooks Online. 09:57 Integrating accounting software and case management software, such as Clio and QuickBooks Online 11:00 The learning curve for law firms transitioning to new software and training needed by office managers 13:27 Building custom financial reports, particularly for compensating lawyers, and running trust account reports, including the trust three-way match report. 18:23 Tracking Work in Progress (WIP) and analyzing contingent work and hourly work for revenue generation 19:45 The importance of reviewing bank accounts and finances due to the increasing number of fraud incidents. 21:19 Key Performance Indicators (KPIs): Tracking accounts receivable, billing, and collections. 23:51 Utilization rate and its importance in law firm management 25:52 Expense tracking and focusing on growing revenue rather than cutting expenses 27:26 When should law firms engage a professional for financial management and advice? Episode Resources Connect with Jared Correia jared@redcavelegal.com https://redcavelegal.com/ https://www.linkedin.com/in/jaredcorreia https://twitter.com/RedCaveLegal Connect with Peggy Gruenke https://cpn-legal.com/ https://www.linkedin.com/in/peggygruenke 

The author chose to write the guide for QuickBooks Desktop first because the features are more stable and less likely to change than those in QuickBooks Online. --- Send in a voice message: https://podcasters.spotify.com/pod/show/rush-tech-support/message Support this podcast: https://podcasters.spotify.com/pod/show/rush-tech-support/support

If you're an accountant, then you know that QuickBooks desktop is still the gold standard for small businesses in the US. But what you may not know is that the narrative around AI and technology replacing accountants is totally torpedoing our pipeline right now. This is a huge opportunity for firms who are willing to embrace the change. Unfortunately, the narrative is making us more efficient. --- Send in a voice message: https://podcasters.spotify.com/pod/show/rush-tech-support/message Support this podcast: https://podcasters.spotify.com/pod/show/rush-tech-support/support

In our last podcast we heard about the questions one should ask themselves before starting a new business and tips for achieving success. On today's episode Carol Felsing continues her conversation with Debra Backer, a QuickBooks Certified ProAdvisor, on the small business accounting software available. Deb discusses the pros and cons of the three QuickBooks program available, QuickBooks Desktop, QuickBooks Online and QuickBooks Enterprise. Deb will do an analysis of each one to determine which would be best for your small business.

When you are doing the bookkeeping for your business, or maybe you are doing bookkeeping for multiple clients, the one thing you don't want to hold you back from moving forward is having a transaction that you are unsure about how to record.  If you are like most people, you'll let this one transaction derail you and keep you stuck, especially if you are looking for a reason to stop doing your bookkeeping.  I get it. I know I love doing bookkeeping, but it isn't everyone's favorite.  What if I told you there is a simple way that you can record these questionable transactions and keep moving forward with recording the rest of your bookkeeping transactions?  It will even allow you to reconcile your accounts.  In today's podcast episode, I'm revealing an account that you have available to you in QuickBooks Desktop and QuickBooks Online, or you could even utilize this strategy in any accounting software you might be using.  You can even use it if you are doing your bookkeeping manually.  Whether you are starting a business or side hustle, you're a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA; make sure that you are aware of this simple hack you can utilize in your bookkeeping system to help make bookkeeping more manageable and keep you moving forward.  That's right; after this podcast episode, you have no excuse to say you are stuck any longer.  These tips are essential whether you are using a computerized software system like QuickBooks, Xero, Wave, or FreshBooks for your business finances; or doing your bookkeeping manually with an Excel spreadsheet or even a Google Document… Are you ready to try coaching?  Schedule an Introductory Coaching Session today.  You'll have the opportunity to dip your toes in and see how you like coaching with an affordable Introductory Coaching Session.  I'll spend the whole time coaching you on anything you'd like coaching on in your business or your personal life: https://www.financialadventure.com/intro Schedule a free consultation, and we'll work together to dive into where you'd like to see yourself and your business in the future.  We'll create a laser-focused plan, including which action steps you need to take to get started on the path to success: https://www.financialadventure.com/work-with-me Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for.  Are you ready to generate revenues and increase the profit in your business: https://www.financialadventure.com/profit If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here: https://www.financialadventure.com/sidehustle Grab Your FREE guide:  5 Essential Strategies For Stress-Free Bookkeeping: https://www.financialadventure.com/5essentials Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You: https://www.financialadventure.com/starterguide Join Our Facebook Community:  https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration!  You can learn more and sign up here: https://www.financialadventure.com/sba Looking for a payroll solution for your business?  You can get an exclusive 15% discount on your payroll services when you sign up here: https://www.financialadventure.com/adp QuickBooks Online - Save 30% Your First 6 Months: https://www.financialadventure.com/quickbooks Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you: https://www.financialadventure.com/discovery Show Notes:  https://www.financialadventure.com This podcast is sponsored by Financial Adventure, LLC ~ visit https://www.financialadventure.com for additional information and free resources.

For true innovation in integration, you need Commercient on your team. Get the SYNC ERP/CRM integration today! More details at https://www.commercient.com (https://www.commercient.com)

Sage 50 is the household name for companies that might be in the revenue range of up to $10 million. In fact, there was a time when Sage 50 literally meant that the software was designed for companies with up to 50 users. But some companies may use it even after they outgrow that mark. Sage 50 competes with QuickBooks desktop and will have all the problems that QuickBooks Desktop is likely to have. These problems are likely to become severe with the interaction of offline and online channels. This is especially true when multiple users may be using the file from multi locations. Is that the reason why Intuit decided to move away from its desktop licensing model? And how long would it take for Sage to do the same with their Sage 50 software?In today's episode, we invited a panel of industry experts for a live discussion on LinkedIn to conduct an independent review of Sage 50's capabilities. We covered many grounds, including their target market and data integrity issues with multiple users. Finally, we compare their capabilities with other competitors in this segment such as QuickBooks Desktop and Xero.For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.

Accounting High (aka Sons of CPAs Podcast) Season 3 Episode 7 | Recorded March 7, 2022 Guest: Rachel Fisch Hosts: Jason Ackerman, CPA & Scott Scarano, EA Sponsor: Dark Horse CPAs - visit abetterway.cpa to learn more Welcome! Our guest today is the one, only and always Rachel Fisch. Rachel has over 20 years of experience in bookkeeping and accounting, with a number of those years running her own practice. She previously served as National Bookkeeping Lead for Deloitte and most recently was the Accountants Group Leader for Sage. She is also a dynamic speaker, and accounting vanguard, and presents at prestigious international conferences. 3 How Rachel got into accounting? Not intentionally ...? Shout out to Liz Mason and High Rock Accounting 5 The accounting trajectory Shout out to Winnipeg, Fisch Financial and FischBooks, AND FreshBooks 8 On NOT being lazy Shout out to John Garrett and Green Apple Slices 11 Best part of connecting with other accountants? Shout out to Accounting Salon 12 Mother Stories – Raising Adolescents 14 Rachel knows EV-ER-Y-BOD-Y! Shout out to Sage, QB, and Xero 16 The role at High Rock and in accounting – moving people forward 17 What challenges? 19 The Holy Grails of accounting Shout out to Hubdoc and Relay 21 Tax accounting in Canada Shout out to TaxCycle, Canada Revenue Agency 24 The implosion of a firm Shout out to the QuickBooks Training, QuickBooks Desktop, Peachtree, and Sage 50, Deloitte 30 Big Four bookkeeping foibles and mindset adjustments Shout out to MNP 34 Some woulda-coulda-shouldas when you're being bought out 37 Spiraling up (and down) at Sage and landing at High Rock Shout out to Jay Kimmelman and Digital CPA, and Megan Tarnow, and Mobius 42 From both sides now ... balancing user feedback and product dev 45 Build, buy or partner? 46 High points of High Rocking 49 Scott Unchaperoned – What Sesame Street character would you be? Shout out to Grover, Big Bird, and The Count 51 What chess piece are you? (Rachel = Knight) 54 On being remembered ... Shout out to Liz Mason, Megan Tarnow, Chris Geno, and anyone who doesn't know #TaxTwitter 62 Hackathon Talk Shout out to Earmark Accounting Podcast, Blake Oliver, David Leary, Peter Wen 64 Visions of a successful year Shout out to Rebel Rock Accounting Connect with Rachel: LinkedIn: https://www.linkedin.com/in/rachelfisch/ Twitter: https://twitter.com/Fischbooks --- Send in a voice message: https://anchor.fm/sonsofcpas/message

Power Query and Power BI are genuinely incredible tools to revolutionize your workflow. They offer the promise of "write once, refresh many" reporting where your reports can be instantly updated in real-time with the click of a button. These tools can be hooked directly to your company's databases, accounting applications, enterprise resource planning solutions, etc. Once the connection is established, they can dynamically retrieve anything from the database and populate your reports. While incredible tools, these features require additional training and experience to master. This course series will review the different methods of connecting to your data and have multiple hands-on activities to help you master these incredible tools.   CPE Today has a brand-new learning tool to help you learn how to use Power Query and Power BI. We have created a public server with several sample databases to help you learn how to extract, transform and load data into your dashboards and spreadsheets. This tool will give you practical hands-on experience working with cloud databases from major accounting solutions, including QuickBooks Desktop, QuickBooks Online, and more. This course will provide you with the knowledge to turn your organization's actual data into repeatable refreshable pivot tables, Power BI dashboards, and more! Are you a CPA?? Are you a Financial Professional?? Earn CPE Credits for Today's Podcast. Check out https://cpe.cx/lsql/. Take a quick 5 question quiz and get your certificate today. Super Easy!  Presented by Stephen M. Yoss, CPA, MS (https://yoss.io) Produced by Alicia Yoss & Alanna Regalbuto Graphics By Flaticon.com and iStock Music by Bensound.com Education and Compliance By K2 Enterprises (https://k2e.com) Copyright. All product names, logos, and brands are the property of their respective owners. All company, product, and service names used in this website are for identification purposes only. The use of these names, logos, and brands does not imply endorsement. Educational Use Only. The information presented in this presentation is for educational use only. The presenter will make specific recommendations, but the participant is highly recommended to do their own due diligence before making any investment decision.

The right accounting software can save you time and money, support your business's growth, and help you qualify for bonds. Is QuickBooks up to the job? If so, which version should you use: QuickBooks Online or Desktop? Wade shares the questions you need to answer to find out which software is right for you, as well as his thoughts on the limitations of QuickBooks you might run into as a contractor. Topics we cover in this episode include:Can QuickBooks work for contractors, and how does it affect bonds?The limitations of QuickBooks for contractorsHow to decide which accounting software is right for you: real-time accounting vs after the fact accountingQuickBooks and job costingSummary job costing vs detailed job costingLabor and payroll in QuickBooksQuickbooks versions and remote accessLINKSVisit the episode page at https://contractorsuccessforum.com/quickbooks for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forumFIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.com

The right accounting software can save you time and money, support your business's growth, and help you qualify for bonds. Is QuickBooks up to the job? If so, which version should you use: QuickBooks Online or Desktop? Wade shares the questions you need to answer to find out which software is right for you, as well as his thoughts on the limitations of QuickBooks you might run into as a contractor. Topics we cover in this episode include:Can QuickBooks work for contractors, and how does it affect bonds?The limitations of QuickBooks for contractorsHow to decide which accounting software is right for you: real-time accounting vs after the fact accountingQuickBooks and job costingSummary job costing vs detailed job costingLabor and payroll in QuickBooksQuickbooks versions and remote accessLINKSVisit the episode page at https://contractorsuccessforum.com/quickbooks for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forumFIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.com

Gita Faust is the owner of FastTracConsulting, a QuickBooks Solution Provider located in Greater Philadelphia, PA. She has earned the recognition of being included in the Top 10 and Top 100 QuickBooks ProAdvisors for multiple years. She is a frequent author at NREIA and a speaker for Intuit for a few years. Gita is an Advanced QuickBooks Certified, Advanced QuickBooks Online Certified, Enterprise and Point of Sale Certified. Gita is the author of 10 courses for agents, brokers, investors, lenders, property management, syndication and counting on QuickBooks Desktop and Online. In addition to working with QuickBooks users and advisors, Gita provides consulting services to accounting firms and other businesses – helping enable success through technology.    Let's dive into her story! [00:01 - 09:39] Opening Segment An accident brought Gita to the Real Estate Why Gita focuses on Real Estate investors Gaps in the bookkeeping practices of Gita's clients  There is so much money sitting unaccounted for What Gita's clients does before they come to her   [09:40 - 15:46] This is why the bookkeeping business matters Why it is important to put it all together Overhead expenses Helps you get an overview Let's you have an aligned goals more fit to your need For when people have a bookkeeper What do they do and do not do  Your bookkeeper should understand your industry   [15:47 - 22:38] Choosing the right people matters What is a Fractional CFO and why is it beneficial Looks into the whole picture of your business The compensation What they do for your business How automation helps your business Documentation helps a lot! Hire the right people for your business   [22:39 - 25:05] Closing Segment  Connect with Gita: You may reach Gita at Gita@FastTracConsulting.com Connect to her socials: LinkedIn, Facebook, and YouTube   WANT TO LEARN MORE?   Connect with me through LinkedIn   Or send me an email sujata@luxe-cap.com   Visit my website www.luxe-cap.com or my YouTube channel   Thanks for tuning in!     If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! Tweetable Quotes   "I loved the industry because each and every transaction is unique.” - Gita Faust   "Nobody talks about overhead expenses. You have to split it between those properties to really know what your cash flow is. You don't know your cash flow until you split your overhead expense of the properties you own.” - Gita Faust   "It's not what they are missing, it's what they don't know. It's not about the bookkeeper, it's about the investor.” - Gita Faust

Episode #11 Beyond Building Momentum (feat. Nikole Mackenzie, CPA) recorded 5/10/2021 Nikole Mackenzie, CPA https://momentumaccounting.com/ Hello and welcome. We are the Sons of CPAs. Join us as we question the current state of the accounting and tax industry with the next generation of professionals leading this space, we are the change agents in an industry fraught with money and inertia. Let's begin The Sons of CPAs with your hosts, Jason Ackerman and Scott Scarano. 0 https://en.wikipedia.org/wiki/Harem 2 the parallels of sports and business 3 shout out to Tammy 4 as a woman, tackling another woman 5 picking up golf during COVID 7 working with an NFL player who was paying $400k in accounting fees! ***NOT sponsor slot*** (kidding, Bill.com) ***NOT sponsor slot*** (kidding, Go Proposal?) 11 working with no scope 20 shout out to the Momentum Team 25 what's the ultimate goal for Momentum? 27 shout out to Will Lopez 29 why do you think it's important that the team has excess capacity? 32 what do you use to measure scope? ***NOT sponsor slot*** (what's up, Practice Ignition?) 34 TIME 37 remember Xero's payroll module? 39 when does a client need to hire Momentum? 41 Momentum's ideal client! ***NOT sponsor slot*** (shout out to QuickBooks Desktop, JUST KIDDING) 42 leverage technology to automate what we do 43 the problems with the family business 44 shout out to Marcus 45 do you get an ROI on the time spent on LinkedIn? 46 ProVisors 50 what piece of technology is missing in the accounting space? 52 creating recurring revenue through automation --- Send in a voice message: https://anchor.fm/sonsofcpas/message