Podcasts about quickbooks online

Alicia and Margie dive into their monthly roundup of new QuickBooks Online features they've discovered, including the controversial P&L and balance sheet badges in the chart of accounts that business owners actually love. They explore an exciting new expenses overview section with AI-generated insights, discuss the ability to schedule future invoice payments and add tips, and reveal game-changing updates to the banking feed that reduce clicks and improve efficiency. The episode wraps with a preview of the new "Fusion" interface being beta tested and upcoming live events from both hosts.Sponsors(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (00:34) - Company Updates and Good Problems (01:08) - Interface Changes in QuickBooks (03:30) - New Features in QuickBooks Expenses (08:20) - Settings and Notifications (18:12) - Banking Feed Enhancements (22:13) - Error Correction and New Feature Introduction (22:28) - Request Info Button in Banking Feed (26:14) - Intuit Drive and Document Storage (29:51) - Rumors and New Features in QuickBooks (34:02) - QuickBooks Time Integration (35:39) - Fusion: The New Interface (41:05) - Upcoming Events and Announcements Resources LinkedIn Group: https://www.linkedin.com/groups/14630719/YouTube Channel: https://www.youtube.com/@UnofficialQuickBooksPodcastEmail: unofficialquickbookspodcast@gmail.comAlicia's QBO Hands-on Training: http://royl.ws/QBO-complete?affiliate=5393907Scaling New Heights: https://www.woodard.com/scaling-new-heights-2025Grab a tutu for Tutu Tuesday at the Royalwise booth, and join the Pool Party at Cabana #9 on Wednesday!Come join Margie for Akadian's first, in-person live event in Seattle! Find out more here: www.akadian.com/seattle

Dan and Alicia explore QuickBooks Online's payment links feature, which allows businesses to collect payments without traditional invoicing through shareable URLs, QR codes, and website buttons. They break down the differences between one-time and multi-use payment links, revealing creative applications from conference booths to nonprofit donation buttons. While highlighting the feature's flexibility and automation benefits, they also discuss current limitations around product categorization and customer tracking that users should be aware of.SponsorsDebits - https://uqb.promo/debitsResources LinkedIn Group: https://www.linkedin.com/groups/14630719/YouTube Channel: https://www.youtube.com/@UnofficialQuickBooksPodcastEmail: unofficialquickbookspodcast@gmail.com Alicia's Mobile app class was on May 13 - you can take it any time at http://royl.ws/QBOMobile?affiliate=5393907Alicia's QuickBooks Payments class - http://royl.ws/GoPayment?affiliate=5393907Dan's “Prompts for Practices” 4 -week AI cohort (Beginning July 7th with Certified Prompt Specialist Ted McRae - https://snip.ly/AISOBQBPHQB Power Hour Webinar - https://www.qbpowerhour.com/ https://www.schoolofbookkeeping.com/ Schoolofbookkeeping YouTube: https://www.youtube.com/@schoolofbookkeeping?sub_confirmation=1  (00:00) - Introduction to the Episode (01:37) - Introduction to Payment Links (02:45) - Creating and Using Payment Links (06:23) - One-Time Payment Links (08:53) - Multi-Use Payment Links (11:24) - Limitations and Workarounds (18:04) - Advantages of QuickBooks Payments (20:08) - Conclusion and Upcoming Events

Join Aaron and the analysts, experienced accountants, certified QuickBooks trainers, members of the QuickBooks Accounting Council and entrepreneurs on QuickBooks Labs, tune in on the first Tuesday of each month!They discuss various topics revolving around QuickBooks Online that benefit both the accountancy community and business owners.Have a question you'd like to ask?Join us live and ask away!Find out more: ⁠https://linktr.ee/quickbookslabs⁠Brought to you by the Ask the Accountant Podcast Network: https://linktr.ee/asktheaccountant⁠#QUICKBOOKS⁠ ⁠#ACCOUNTING⁠ ⁠#BOOKKEEPING⁠

Alicia delivers a complete rundown of Intuit's May 2025 announcements from both "In the Know" and Firm of the Future. QuickBooks Bill Pay now offers same-day payments and check image viewing, while Enterprise Suite introduces multi-entity dashboards with consolidated reporting across companies. Notable updates include annual QuickBooks Ledger billing, Intuit Connect registration opening May 28th, and third-party app management improvements allowing all admins to manage integrations.SponsorsHuman at Scale - https://uqb.promo/humanDebits - https://uqb.promo/debits(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (02:29) - Upcoming Webinars and Events (05:45) - Bill Pay Enhancements (11:04) - ProConnect Tax Updates (12:34) - Intuit Enterprise Suite Enhancements (17:36) - Additional Announcements from Firm of the Future (22:12) - QuickBooks Checking and Cashflow Tools (23:20) - Wrap-up and Sign-Off Resources LinkedIn Group: https://www.linkedin.com/groups/14630719/YouTube Channel: https://www.youtube.com/@UnofficialQuickBooksPodcastEmail: unofficialquickbookspodcast@gmail.com Firm of the Future Product Updates, May 2025: https://www.firmofthefuture.com/product-update/may-2025-mpu/ProAdvisor Spotlight with Dan Luthi and Brittney Brown: https://www.firmofthefuture.com/thought-leadership/next-generation-of-accountants/Alicia's QuickBooks Checking and Cash Flow class: http://royl.ws/cashflow 

In this episode of Tax Tuesday, Eliot Thomas, Esq. is joined by Anderson CPA Barley Bowler. They explain how transfer-on-death titles still provide beneficiaries with stepped-up basis advantages and clarify that short-term rentals don't qualify for real estate professional status. You'll hear proper entity structures for rental properties, recommending against holding appreciating real estate in C corporations. They thoroughly explain the 280A "Augusta Rule" that allows tax-free rental income from personal residences to your business for up to 14 days annually. With input from bookkeeping expert Troy Butler, they recommend QuickBooks Online for tracking rental property finances. Additionally, they cover Roth IRA conversions, tax withholding strategies, and 1031 exchange rules for deferring capital gains.   Submit your tax question to taxtuesday@andersonadvisors.com Highlights/Topics: "When a house is under a transfer on death title, does the beneficiary still get a step-up in basis?" - Yes, they still get a stepped-up basis. "If I already qualify as a real estate professional rep status via short-term rentals and add long-term rentals to the mix. Can I lump the two kinds together? And does having an S corporation that manages everything affect my rep status?" - Short-term rentals don't qualify for REP status. S-corps generally don't affect REP status. "Where real estate properties are in individual LLCs, disregarded and owned by my C corporation, does the C corporation maintain one bank account and collect rent for all individual properties?" - Not recommended. Use a management company instead. "If you get started in wholesaling, should you file as an S corporation?" - Yes, use S or C corp. "What kind of bookkeeping is needed for rental real estate? Do you have any bookkeeping software to suggest?" - QuickBooks Online is recommended. Track properties separately. "When doing an IRA to Roth conversion, are there any limits? Are pre-tax conversions always treated as ordinary income? Is it true that the IRS does not know or care when the conversions were done during the year?" - No limits. Yes, ordinary income. IRS treats as earned throughout year. "How does tax work if a business owner is paying himself as an employee, do we have to tax twice? Once for the business income and once as an employee?" - No, payroll is deductible business expense. "How do I do a 1031 exchange? And how do I maximize real estate property depreciation after I do a 1031 exchange? Am I stuck with the previous depreciation rate and amount of the previous property?" - Use a qualified intermediary. Trade up for more depreciation. Resources: Schedule Your Free Consultation https://andersonadvisors.com/strategy-session/?utm_source=can-you-boost-depreciation-after-a-1031-exchange&utm_medium=podcast Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=can-you-boost-depreciation-after-a-1031-exchange&utm_medium=podcast Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq Clint Coons YouTube https://www.youtube.com/@ClintCoons  

Provide clients with actionable information they can use to move their businesses forward. The DisruptorsWith Liz FarrBack in 2013, before CAS became part of the accounting vernacular, Penny Breslin and Damien Greathead taught a roomful of accountants how to do what Breslin called bookkeeping and back office support, or BOS. “We had 200 accountants sitting in the room wanting to know how to grow this part of their business,” Greathead recalls. Cloud-based accounting tools like Xero and QuickBooks Online were just entering the U.S. market, and the two recognized an opportunity for firms. MORE PODCASTS and VIDEOS: Dominic Piscopo: Clear Pay=Bargaining Power | Debbie Kilsheimer: Stop Thinking Small | Dave Kersting: Collaborate with Co-Firming | Ashley Francis: AI's a Partner, Not a Replacement | Richard Roppa-Roberts: Collaboration Over Competition | Ira Rosenbloom: M&A Numbers Are Easy - Culture Fit Is Hard | Roman Villard: Ditch the Suit & Shine | Monique Swansen: Align Firm Values with Services | Tina McGill: How to Create Lasting Client Impact | Stefan van Duyvendijk: Develop Operational Mindset | Out of that seminar emerged a book, which was recently updated to create the current handbook, It's Not Just the Numbers [full disclosure: Liz Farr served as editor]. The handbook's title reflects a fundamental truth about client relationships that many accountants overlook. As Greathead explains, “It's about what your client wants. And more often than not, the client doesn't care about the numbers. The client cares about the story that sits underneath the numbers.”

Are you running your business like a pro… or like a hot mess express?

Alicia and Margie explore the latest QuickBooks Online updates from April 2025, including granular access for firm members, client ID capabilities, and enhanced bill pay onboarding. They dive into unexpected beta features appearing across different QBO files, from personal cloud backups to journal entry conversions. The hosts also discuss the upcoming "Fusion" interface redesign that will completely transform how users navigate and interact with QuickBooks Online.SponsorsHuman at Scale - Debits - https://uqb.promo/debits(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (01:46) - Granular Access for Firm Members (04:08) - Client IDs in QuickBooks Online (06:04) - Bill Pay Onboarding Enhancements (10:00) - QuickBooks Payments Integration (16:09) - Resolution Center in QuickBooks Online (18:56) - Amazon Business Integration (23:20) - Personal Cloud Backup (30:15) - New Ways of Copying Journal Entries (34:23) - Modernizing QuickBooks Online's Code Base (42:17) - Upcoming Features and Roadmap for PayPal Integration (43:16) - Introducing the Fusion Interface (55:19) - Training and Resources for QuickBooks Users Resources LinkedIn Group: https://www.linkedin.com/groups/14630719/YouTube Channel: https://www.youtube.com/@UnofficialQuickBooksPodcastEmail: unofficialquickbookspodcast@gmail.com Alicia's  LinksCredit Cards in QBO course: http://royl.ws/QBO-credit-cardsQuickBooks Payments course: http://royl.ws/QB-Payments-CourseQuickBooks Mobile app course: http://royl.ws/QBOMobileMargie's LinksThe Locker Room Facebook Group https://www.facebook.com/groups/qbo.gym.locker.room/Sign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding

SummaryIn this episode of the Restaurant Owners Uncorked podcast, Wil interviews Ryan Handel, founder of Fixe, a bookkeeping service tailored for the restaurant industry. Ryan shares his journey from working in restaurants to founding his own, and ultimately creating Fixe to streamline bookkeeping for restaurant owners. The conversation covers the challenges of bookkeeping, customer acquisition strategies, and the competitive landscape of restaurant accounting software. Ryan emphasizes the importance of technology in simplifying financial management for restaurants and discusses his vision for the future of Fixe. Wil and Ryan explore the challenges faced by the restaurant industry, particularly regarding labor costs and the need for reliable financial reporting. The discussion also highlights the significance of building strong relationships within the franchise space and the necessity of providing exceptional customer care and authenticity in service.Takeaways Ryan founded Fixe in 2019 to address bookkeeping challenges in restaurants. He believes bookkeeping should be affordable and efficient. Ryan's first restaurant venture was a fast-casual concept called Simple Things. COVID-19 impacted his restaurant business, leading to the creation of Fixe. Fixe targets small to medium-sized restaurants for its services. The company offers month-to-month agreements to clients. Ryan emphasizes the importance of partnerships with CPAs and restaurant consultants. Fix integrates with QuickBooks Online to enhance its services. The company aims to keep clients on QuickBooks as long as possible before transitioning to larger systems. Ryan views QuickBooks as the iPhone of accounting, with Fixe as an app that enhances its functionality. From 2019 to 2023, we bootstrapped to 150 locations. Raised a seed round in 2023 with New York Angels. Now preparing for a series A round later this year. Hiring the right team is crucial for growth. Sales strategies include inbound demos and partnerships. The restaurant industry is struggling with rising labor costs. Building relationships with franchisees is essential. Customer care and authenticity set businesses apart. The importance of understanding restaurant owners' needs. Navigating challenges requires patience and industry knowledge.

SponsorsRightworks Rightnow 2025 - https://uqb.promo/rightnow2025 (use code UQB15 for 15% OFF)Hector Garcia returns to discuss Intuit Enterprise latest updates, which include a revolutionary multi-entity allocation tool that simplifies expense distribution across companies. The episode explores impressive new features like consolidated dashboards that allow real-time comparisons across entities, enhanced project budgeting capabilities tailored for construction businesses, and early implementations of AI for business insights. Hector also shares his thoughts on the future of IES pricing models and how AI might differentiate QuickBooks Online from Enterprise Suite offerings.{campaign_start}}(00:00) - Welcome and Introduction (00:44) - Overview of Intuit Enterprise Suite (01:05) - Defining Mid-Market and Enterprise Software (02:48) - Pricing and Client Quotes (06:43) - New Features in Intuit Enterprise Suite (07:55) - Multi-Entity Allocation Tool (16:18) - Consolidated Dashboards and Reports (23:49) - Forecast Reports and Project Budgets (37:23) - Cost to Complete Project Report (39:08) - AI Import for Project Budgets (41:36) - Task Management in Intuit (52:25) - Third-Party Integration Enhancements (54:37) - Speculations on Pricing Transparency (01:01:23) - Future of AI in QuickBooks (01:06:36) - Upcoming Events and Classes Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.comMarch 2025 IES Release Notes:https://digitalasset.intuit.com/render/content/dam/intuit/sbseg/en_us/ies/ies-sales-marketing/March2025productreleaseoverview.pdfLinksHector's App - RightTool www.righttool.appReframe 2025 Conference https://reframe2025.com/Alicia's Payment Class http://royl.ws/QB-Payments-CourseChart of Accounts in QBO: http://royl.ws/QBOCOAReconciling in QBO, Including troubleshooting: http://royl.ws/Reconciling-In-QBOSign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding

In this episode with Wes Read, CPA and founder of PracticeCFO, explore a topic that is absolutely foundational to the financial success of your dental practice—your financial statements. Host [Your Name] (or "I") breaks down the importance of understanding your Profit & Loss Statement (P&L) and how it reflects the economic health of your practice.Whether you're preparing to sell your dental practice or simply want to make smarter financial decisions, this episode will help you interpret your numbers and transform your P&L into a powerful decision-making tool.Key Points:Financial statements are your practice's financial X-rays. They tell the story of all your effort.P&L (Profit & Loss) shows income and expenses; it's key to understanding your monthly performance.Balance Sheet shows assets and liabilities—important, but covered in a future episode.Your P&L should be reviewed monthly—ideally by the 15th–20th of the following month.Understand Net Operating Income: what's left after operational costs but before debt, taxes, and personal draw.A well-structured P&L is essential whether you're managing or selling your practice.Tools like QuickBooks Online and REACH Reporting can improve report clarity and benchmarking.#DentalPodcast #DentalFinance #DentalPracticeManagement #ProfitAndLoss #PracticeCFO #DentalBusiness #DentalAccounting #DentalSale #PlandL #BalanceSheet #DentalOwners #FinancialFreedomDentist #DentistLife #SellYourPractice #DentalConsulting

Join Aaron and the analysts, experienced accountants, certified QuickBooks trainers, members of the QuickBooks Accounting Council and entrepreneurs on QuickBooks Labs, tune in on the first Tuesday of each month!They discuss various topics revolving around QuickBooks Online that benefit both the accountancy community and business owners.Have a question you'd like to ask?Join us live and ask away!Find out more: ⁠https://linktr.ee/quickbookslabs⁠Brought to you by the Ask the Accountant Podcast Network: https://linktr.ee/asktheaccountant⁠#QUICKBOOKS⁠ ⁠#ACCOUNTING⁠ ⁠#BOOKKEEPING⁠

Veronica Wasek joins Alicia for "wheel of rants" to dive into QuickBooks Online's chart of accounts transformation. They explore how Intuit's changes to expand the chart have created both opportunities and challenges for accountants and small business owners alike. The hosts discuss common account types including opening balance equity, undeposited funds, and reconciliation discrepancies, while offering insights on modernizing traditional categories to better reflect today's digital business environment..SponsorsRightworks Rightnow 2025 - https://uqb.promo/rightnow2025 (use code UQB15 for 15% OFF)(00:00) - Welcome to the Show (00:35) - QuickBooks Online's Chart of Accounts Evolution (02:18) - Reactions to the New Chart of Accounts (04:01) - Renaming Classic Categories (07:33) - GAAP and Custom Chart of Accounts (12:14) - Detail Types and Tax Preparation (17:33) - Managing Opening Balance Equity (21:51) - Undeposited Funds Workflow (25:20) - Reconciliation Discrepancy (27:47) - QuickBooks Online Adjustments (30:32) - The Importance of Numbering Systems (33:59) - Reclassify Tool and Modern Categories (37:21) - Meals and Entertainment Changes (38:52) - Merchant Services and Modern Expenses (43:47) - Final Thoughts and Upcoming Classes Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.comAlicia's classes:Chart of Accounts in QBO: http://royl.ws/QBOCOAReconciling in QBO, Including troubleshooting: http://royl.ws/Reconciling-In-QBOCredit Cards in QBO, April 1, 2025: http://royl.ws/QBO-credit-cardsVeronica's class:QBO Paid Diagnostic Review System: http://bit.ly/5mb_diagnostic

A dynamic panel explores how accountants can lead digital transformation, harness AI, train teams, and shift from compliance to advisory to stay relevant in a fast-changing tech landscape. The role of trusted advisors in leading digital transformation. Challenges in adopting new tech, especially in larger firms with undertrained internal finance teams.  The critical importance of training staff and upskilling, starting from the advisory end and working backwards.  Using tools like Dext and other cloud accounting apps to streamline processes and enhance client engagement.  The value of certifications, networking, and community learning.  Emphasis on simplifying processes before layering tech solutions.  This panel was held at the Accounting and Business Expo in Sydney, and was sponsored by Dext. Dext is a cloud-based accounting software platform that helps accountants, bookkeepers, and businesses streamline financial data collection and processing. Formerly known as Receipt Bank, Dext offers tools for automated data extraction, invoice and receipt management, and real-time financial insights. It integrates with leading accounting systems like Xero, QuickBooks Online, and Sage, making it easier to reduce manual data entry, improve accuracy, and speed up workflows. With a strong focus on automation and AI, Dext empowers advisors to shift from compliance work to more strategic, advisory-focused services.   Contacts and resources: Lielette Calleja (BusinessDEPOT) https://www.linkedin.com/in/lielettecalleja/  Aleesha Bailey (RSM Australia) https://www.linkedin.com/in/aleesha-bailey/  Sabby Gill (CEO of Dext) https://www.linkedin.com/in/sabbygill/  Heather Smith : https://www.linkedin.com/in/HeatherSmithAU/  KPMG : Keeping Us Up At Night https://assets.kpmg.com/content/dam/kpmg/au/pdf/2025/keeping-us-up-at-night-2025.pdf  Accounting Apps newsletter: http://HeatherSmithAU.COM Accounting Apps Mastermind: https://www.facebook.com/groups/XeroMasterMind  YouTube Channel: https://www.youtube.com/ANISEConsulting  X: https://twitter.com/HeatherSmithAU 

Alicia and Dan explain the retirement of the Tags feature in QuickBooks Online and outline the critical migration process to Custom Fields before the May 15th deadline. They break down why this change matters, explore the differences between tags and custom fields, and share creative ways businesses utilized tags for tracking everything from weather impacts on sales to customer categories. The hosts detail important limitations of the new system while offering practical workarounds for maintaining your reporting capabilities during and after this significant transition.SponsorsRightworks Rightnow 2025 - https://uqb.promo/rightnow2025 (use code UQB15 for 15% OFF)(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (00:49) - The End of QuickBooks Tags (01:48) - Creative Uses of Tags (04:32) - Migration Timelines and Steps (08:05) - Changes to Custom Fields (12:07) - Migration Process Explained (21:38) - Understanding Tag Association with Customers and Vendors (22:06) - Testing Tag Visibility in Transactions and Multiple Tags (23:25) - Running Reports on Tags Before Migration (25:02) - Limitations of Custom Fields in Profit and Loss Reports (27:37) - Reports That Support Custom Fields (30:55) - Custom Fields in API and Spreadsheet Sync (34:17) - Future Enhancements and Roadmap for Custom Fields (34:45) - Tags vs. Classes: A Detailed Comparison (39:40) - Final Thoughts on Tags and Migration Support (41:32) - Upcoming Classes and Contact Information Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.comIntuit's Help article: https://quickbooks.intuit.com/learn-support/en-us/help-article/class-list/tag-transactions-quickbooks-online/L7x3G0aLv_US_en_USDan's LinksQB Power Hour Webinar - https://www.qbpowerhour.com/ https://www.schoolofbookkeeping.com/ Schoolofbookkeeping YouTube: https://www.youtube.com/@schoolofbookkeeping?sub_confirmation=1 Alicia's Links“Credit Cards in QBO” class: http://royl.ws/QBO-credit-cards?affiliate=5393907“QuickBooks Payments” class: Live webinar April 22, recording available afterwardshttp://royl.ws/QB-Payments-CourseSign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding

On this episode, Heather speaks with Todd Robinson, Director of Practice Engagement at Woodard, about the evolution of the accounting industry over the past two decades, from the early days of QuickBooks Online to today's AI-driven landscape. They explore the rise of Client Advisory Services (CAS), the growing interest of private equity in accounting firms, and the critical importance of adopting modern technology to stay competitive. Thank you to our show sponsor, Brex! Brex Accounting Partners close clients' books faster, earn rewards for referrals, and attract new customers — all on Brex. Brex's integrated platform provides numerous accounting automation benefits, which enable your accountants to focus on premium advisory services, help clients close the books faster, and elevate the overall client experience. To become a Brex Accounting Firm visit brex.com/partners/accounting to apply. Learn more about the show and our sponsors at Woodard.com/podcast

In this episode of The Digital Executive, host Brian Thomas welcomes Timothy Wingate Jr., founder of G+F Business and Financial Consulting, to discuss the financial challenges faced by construction companies. Drawing from his personal experiences and his father's background as a general contractor, Wingate shares how his firm specializes in tax planning, bookkeeping, and strategic consulting tailored for construction businesses. By leveraging technology, he helps contractors bridge the gap between the field and back office, ensuring better financial decision-making. Wingate emphasizes the importance of integrating software solutions like QuickBooks Online and Buildertrend to streamline operations and improve job costing. He also discusses emerging trends in construction finance, particularly the growing role of AI and automation in an industry historically slow to adopt technology. With valuable insights into financial sustainability, technology integration, and future-proofing construction businesses, this episode is a must-listen for industry professionals.

In this episode of The Digital Executive, host Brian Thomas welcomes Timothy Wingate Jr., founder of G+F Business and Financial Consulting, to discuss the financial challenges faced by construction companies. Drawing from his personal experiences and his father's background as a general contractor, Wingate shares how his firm specializes in tax planning, bookkeeping, and strategic consulting tailored for construction businesses. By leveraging technology, he helps contractors bridge the gap between the field and back office, ensuring better financial decision-making.Wingate emphasizes the importance of integrating software solutions like QuickBooks Online and Buildertrend to streamline operations and improve job costing. He also discusses emerging trends in construction finance, particularly the growing role of AI and automation in an industry historically slow to adopt technology. With valuable insights into financial sustainability, technology integration, and future-proofing construction businesses, this episode is a must-listen for industry professionals.

SponsorsRightworksSettle - https://uqb.promo/settleAlicia and Matthew break down the March QuickBooks updates, including the game-changing tap-to-pay feature for iPhones that eliminates the need for card readers while reducing transaction fees. They explore the upcoming ProAdvisor certification season with its $250 weekly prize drawings, and discuss QuickBooks Payments' expanded third-party integrations with over a thousand apps.{campaign_start}}(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (00:55) - Exciting Cleanup Job Success Story (03:51) - ProAdvisor Training Opportunities (06:42) - MailChimp Training and Integration (15:51) - QuickBooks Payments Innovations (20:23) - Third Party Integrations with QuickBooks Payments (24:55) - ProConnect Tax Enhancements (30:34) - QuickBooks Live Expert Assisted Service (36:28) - Upcoming Events and Courses Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.comIn the Know hub: https://www.firmofthefuture.com/quickbooks-proadvisor/in-the-know/In the Know's March PPT: https://drive.google.com/file/d/1Lohc4hxizsyC6lzM12T7rTpEAwqlJRuG/view?usp=sharingThe QuickBooks Live Expert Assist Beta Test: https://www.firmofthefuture.com/product-update/test-quickbooks-live-expert-service-tiers/Alicia's “Credit Cards in QBO” class: http://royl.ws/QBO-credit-cards?affiliate=5393907Live webinar April 1, recording available afterwardsMatthew's QB Power Hour webinar: https://www.qbpowerhour.com/Sign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding

Navigating Finances and Tech for Your Therapy PracticeIn this episode of Therapy for Your Money, Julie Herres, owner and accountant at GreenOak Accounting, discusses how technology impacts financial management for therapy practice owners. This episode was recorded after the unexpected closure of Bench.co, a popular bookkeeping service, which sparked this important conversation about owning your financial data and the potential risks of relying solely on cheap, tech-driven accounting options.Julie breaks down some of the challenges with services like Bench, such as their proprietary software that can make it hard to move your data elsewhere, and those "free" tax services that might not be as thorough or accountable as you'd hope. She also draws parallels to what's happening in the mental health industry, where venture capital-backed tech companies are influencing pricing and reimbursement rates. This episode will help you feel more informed and empowered to make the best decisions for your practice's financial health and to choose accounting services you can truly trust.What We Covered:00:00 Welcome to Therapy for Your Money!00:48 Let's talk about technology and your practice's finances.02:03 What was up with Bench.co closing?03:30 What does this mean for us small business owners?04:19 Are those super low-cost bookkeeping services really worth it?05:34 Why owning your financial data is so crucial.07:47 A quick comparison: QuickBooks Online vs. other options.08:46 The real deal with "free" tax services.11:55 How venture capital can affect pricing.15:24 Wrapping things up with some final thoughts.Links and ResourcesMoney for Therapists Practice Startup - https://www.greenoakaccounting.com/startupGreenOak Accounting - www.GreenOakAccounting.comTherapy For Your Money Podcast - www.TherapyForYourMoney.comProfit First for Therapists - www.ProfitFirstForTherapists.comProfit First Academy - www.ProfitFirstForTherapists.com/Academy Podcast Production and Show Notes by Course Creation Studio

Join Alicia and Margie as they share their collection of QuickBooks Online interface changes discovered throughout March. From the return of fixed asset subcategories to new banking feed enhancements and reporting features, they highlight both permanent updates and experimental features that appeared briefly.SponsorsSettle - https://uqb.promo/settle(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (01:32) - Intuit Enterprise Suite Referral (05:40) - Fixed Asset Subcategories (10:05) - Preventing Duplicate Revenue (12:06) - New Reports Submenu (13:51) - Enhanced Split Transactions Window (16:46) - QuickBooks Payments and Fees (18:33) - Payroll Changes and Expense Mapping (21:16) - QB Bill Pay Enhancements (24:03) - Disappearing Rule Column in Bank Transactions (24:58) - Approval Status Column in Vendor Transactions (26:54) - Exciting Features That Disappeared (28:18) - Line of Credit in QuickBooks (29:56) - Fixed Asset Manager Draft Feature (30:32) - GoPayment Tap to Pay for iPhone (33:25) - Changes to QuickBooks Checking Deposit Account (39:03) - What's New With Margie and Alicia (43:31) - Alicia Won Some Awards! (45:16) - Conclusion and Sign Off Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.comLinks Discussed in EpisodeGoPayment now has Tap-to-Pay for iPhone!!!!: https://quickbooks.intuit.com/payments/in-person-payments/Alternative Payment options:Anchor: https://join.sayanchor.com/iX6HbaForwardly: https://www.forwardly.com/partner-referral?referral_partner_id=66e48de7b273184a62e5ebba&referral_partner_name=Alicia%20PollockAlicia's classes:Reconciling in QBO, Including troubleshooting: http://royl.ws/Reconciling-In-QBOCredit Cards in QBO, April 1, 2025: http://royl.ws/QBO-credit-cardsMargie's Classes:Bookkeeping Accelerator: https://fastandeasyqbo.samcart.com/products/ba-launchAll About Certification: www.akadian.com/everything All About Recertification: https://akadian.com/everything-you-ever-wanted-to-know-about-qbo-proadvisor-recertification/Sign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding

Text a pool service question HERE!In this episode of Talking Pools, hosts Steve and Wayne welcome Peter Legass from BufferZone, a software solution for pool service management. The conversation explores the evolution of the pool service industry, the importance of software in managing multiple clients, and the unique features of BufferZone that cater to both residential and commercial pool services. Peter shares his journey in the pool industry, the development of BufferZone, and how it addresses common pain points for pool service providers. The discussion also covers onboarding processes, water chemistry management, reporting, and operational efficiency, providing valuable insights for pool professionals looking to enhance their business practices. In this conversation, the speakers discuss various software solutions for invoicing and business management, particularly focusing on BufferZone's capabilities. They explore alternatives to QuickBooks, the flexibility of invoicing for diverse client needs, onboarding options for new users, and the support and pricing structure of BufferZone. Additionally, they touch on exciting developments planned for 2025, including a new app and expansion into other water-based industries.takeawaysBufferZone is designed for pool service management.Onboarding is crucial for successful software implementation.The best time to adopt software is from the beginning.BufferZone can integrate data from existing software.Transitioning to BufferZone is not as daunting as it seems.Water chemistry management is a key feature of BufferZone.Reporting tools help maintain transparency with customers.Service management tools enhance operational efficiency.Customer feedback drives the evolution of BufferZone.Choosing the right software is essential for long-term success. BufferZone integrates with QuickBooks Online, Xero, and Lightspeed.Flexible invoicing options cater to diverse client needs.Users can generate job cards and invoices easily.Onboarding includes demonstrations and data import options.BufferZone offers 24-hour support across different time zones.Pricing is structured per user, not per pool.The software includes payment integrations for easy transactions.A new app is set to be released, enhancing user experience.BufferZone is expanding into commercial software and other industries.The software is designed to simplify business management tasks.Sound Bites"Peter's from the future!""You have to have onboarding!""BufferZone has tools to onboard customers!""It's not as scary as that!""We can put blockers in there!""You want to make sure it's the right one!""You can identify what time!""You need to change your ways to save time.""We LaMotte CompanyLaMotte Company is a leading manufacturer of water quality testing products & pool test kitsCalifornia Pool AssociationPool Industry Trade OrganizationDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showThank you so much for listening! You can find us on social media: Facebook Instagram Tik Tok Email us: talkingpools@gmail.com

Alicia and Dan explore the complete redesign of QuickBooks Online's modern invoice system, covering everything from the new Intuit Assist autofill capabilities to customization options and payment processing improvements. They highlight practical workflow enhancements including customer insights, editing capabilities without leaving the invoice, and expanded payment options such as Apple Pay, PayPal, and Venmo integration. This comprehensive tour reveals both obvious and hidden features, helping users adapt to and take advantage of the modernized invoice experience.SponsorsBluevine - https://uqb.promo/bluevine Settle - https://uqb.promo/settle(00:00) - Introduction to the Podcast and Hosts (01:42) - The Evolution of Modern Invoices (03:56) - Exploring New Invoice Features (06:23) - Navigating the Modern Invoice Layout (06:55) - Intuit Assist and Autofill Capabilities (13:15) - Customer Information and Sales Tax (23:25) - Communication Boxes and Attachments (27:27) - Subtotal, Sales Tax, and Shipping (30:51) - Saving, Sending, and Receiving Payments (33:27) - Managing and Customizing Invoices (36:11) - Payment Options and Methods (44:33) - Managing Tips and Discounts (54:26) - Recurring Invoices and Payments (01:00:09) - Invoice Status and Feedback (01:02:56) - Wrapping Up and Upcoming Events Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.comLinks for this episode:Intuit Support article: https://quickbooks.intuit.com/learn-support/en-us/help-article/job-estimates/see-whats-new-estimates-invoices-quickbooks-online/L9jVVT2GY_US_en_USAlicia's Upcoming Classes:Intro to Bookkeeping and Accounting class on Feb 18: https://royl.ws/intro-to-accounting-for-small-businessQBO's Banking Center on March 4: http://royl.ws/QuickBooks-Online-Banking Dan's Upcoming Events:QB Power Hour - Bridging the Apps - Using Zapier to connect the missing links in integrated apps - 3/4/25 Noon ESTWorkshop Wednesdays - 1PM EST  - Check the website for weekly topics

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  

Have you ever wondered how long it's gonna take for you to get your money back when you spend money in your business? We called this your break-even point and in this video, we're gonna talk about how to quickly calculate your break-even point. VIDEO: https://youtu.be/ZSIgj-P7ec8 ______   DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS

September is in the books. It's time for another business update. Afterward, I'll share a clip from our final coaching call from September to close out the summer. Now that October is here, it's time to crank it down! I have 4 months left to build and delegate my cleaning company before my self-imposed deadline of February 1, 2022. I'm going to come right out and admit. I did NOT hit my goal for September and I know why. I got lazy. If you've followed this podcast since the beginning, I've been building my marketing machine using Google My Business, Facebook, and local networking. It's worked very well to the tune of $60,000 in increased revenues solo in 2020. I was working my marketing hard. My pipeline grew and I reaped the benefit in 2021. I hit my optimizer goal as a solo cleaner by January 2021 earning $70,000 profit on 2 days cleaning per week. I stopped marketing and simply helped anyone that found me through my marketing machine. This generated more house and office leads that I really didn't care if I got or not. Then June happened and I got A New Freedom Vision. I hired Coach Josh and it was time to scale my business with a team. I have shared with you that I built out a few systems over the summer including a hiring and payroll system, a financial system using Quickbooks Online, and a simple office cleaning training system. I also built my foundation with mission, vision, and values (see "Introducing the C3 Experience"). My cleaning business was now ready to grow with a solid foundation and the beginning of the systems that I'll need to support a $300,000 revenue business.I had offices and house inquiries coming in, so I'd answer them and select which I wanted to bid on. I mentioned to friends personally and in network meetings that I was hiring and was referred a few people. I hired one of them. I was growing today off of yesterday's work. But I wasn't doing today's work by building my pipeline for tomorrow. We as entrepreneurs allow this to happen and don't realize it until your leads dry up.  This happened to me in September. I realized it on my own and shared it with Coach Josh. By the way, I was supposed to complete his coaching homework to create a Project 100 in a week back in July. It took me 6 weeks to make this list of 100 offices I'd like to clean. Why did it take so long? I was arrogant thinking that I had a pipeline that I didn't see was drying up. This was my first major blind spot in September.Read the rest of this article at the Smart Cleaning School website

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.

Alicia is joined by guest co-host Margie Remmers-Davis to explore the latest QuickBooks Online updates, from major developments like the new Amazon seller integration to small but impactful changes like the ability to print bills. They discuss exciting improvements to payroll features, including inline PTO balances and class assignments, as well as developments in e-commerce integrations and Credit Karma financing options.Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.comLinks/Apps Mentioned in this episode:http://royl.ws/yearendhttp://royl.ws/QBO1099https://learn.royalwise.com/visitor_catalog_class/show/1673087/Converting-QuickBooks-Desktop-to-QuickBooks-Onlinehttps://royalwise.com/https://akadian.com/Sign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding (00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast (00:49) - Margie's Background and Journey (05:19) - Biometric Logins and Modern Report View (07:12) - Add a Note in Modern Report View (09:59) - Payroll Updates and Enhancements (16:06) - E-commerce and Inventory Integrations (21:14) - PayPal Integration and App Transactions (24:45) - Limitations of Current System (25:47) - Exciting New Feature: Printing Bills (26:17) - Expense Claims and Bill Pay Updates (30:15) - QuickBooks Time Settings (33:45) - Financing Options with Credit Karma (44:05) - New Features and Updates Recap

We all know great customer service is important to our business, but do we actually know the financial impact it might be having on our bottom line profits?  Sometimes, we just need to be reminded to check the boat for leaks in our customer service ship!    ______   DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS

Dan DeLong joins Alicia to explore QuickBooks Online's enhanced 1099 preparation tools, including the new automated "Let QuickBooks Prep for Me" wizard launching in 2025. They break down the critical components of 1099 compliance, discuss pricing changes, and share valuable tips for both manual and automated filing methods. (00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (00:43) - Dan DeLong's Background and Experience (03:12) - The Importance of 1099s (04:58) - Complexities of 1099 Forms (09:22) - Gathering Recipient Information (11:36) - Using QuickBooks Online for 1099s (28:46) - Contractor Center in QuickBooks Online (32:48) - Introduction to 1099 Preparation (33:10) - New 1099 Wizard Features for 2025 (34:34) - Manual vs Automated 1099 Preparation (36:40) - Cost and Billing for 1099 Services (41:28) - Step-by-Step 1099 Preparation Process (54:25) - Final Tips and Best Practices (57:30) - Upcoming Classes and Collaborations (01:00:58) - Conclusion and Closing Remarks Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.comLinks/Apps Mentioned in this episode:Alicia's 1099s in QBO Class, Jan 7 webinar + recording: http://royl.ws/QBO1099Alicia's QBO Cleanup for Taxes Class, Jan 22 webinar + recording: http://royl.ws/yearendAlicia's QB Desktop to QBO Class  https://learn.royalwise.com/visitor_catalog_class/show/1673087/Converting-QuickBooks-Desktop-to-QuickBooks-OnlineDan's schoolofbookkeeping.comDan's YouTube https://www.youtube.com/@schoolofbookkeeping/?sub_confirmation=1https://www.qbpowerhour.com/ Sign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding

Welcome to The Profit Constructors! Join Tonya Schulte as she delves into the vital process of collecting and managing W-9s in the construction industry. In this episode, Tonya shares expert tips to help you stay compliant with 1099 reporting requirements, ensuring a seamless workflow through effective organization. Discover the importance of making W-9 collection a standard part of your vendor onboarding process and learn how to safeguard sensitive information using digital tools like Knowify and QuickBooks Online. Tonya highlights the significance of verifying form completeness and the benefits of annual updates to keep your records current. By implementing these essential practices, you can significantly reduce the stress and complications often associated with year-end financial reporting. Tune in and master the W-9 process to enhance your construction business operations.

A major change is coming to QuickBooks Online as Intuit announces the deprecation of Tags, effective March 8th, 2025. Hector and Alicia  dive deep into what this means for QBO users, exploring the limitations of custom fields as a replacement and identifying potential challenges during the transition. They discuss critical concerns including reporting capabilities, API access, bank feed integration, and the timing of this change during tax season, while also sharing insights into possible workarounds and opportunities for improvement.(00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast (00:44) - Official Announcement: Tags Discontinued (03:45) - History and Evolution of Tags (05:03) - Benefits and Limitations of Tags (08:29) - Potential Transition to Custom Fields (12:15) - What Will Happen to Tag Users (21:30) - Reporting and API Implications (26:49) - Migration of Tag Data: Key Questions (29:25) - Timing Concerns: Why During Tax Season? (32:21) - Potential Issues with Custom Fields in Bank Feeds (38:50) - Upcoming Events and Announcements (44:23) - Farewell and Future Plans for the Podcast Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Alicia's 1099s in QBO Class, Jan 7 webinar + recording: http://royl.ws/QBO1099Alicia's QBO Cleanup for Taxes Class, Jan 22 webinar + recording: http://royl.ws/yearendReframe 2025 Conference https://reframe2025.com/Hector's RightTool: http://righttool.appSign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding

Episode 241 FACULTY: Nikole Mackenzie aka Niks, aka Nikki, aka Coach Mack CLASS: #Shoperations In this episode we have Coach Mack back on aka Nikole Mackenzie as she dives deep into her journey in the evolving world of Client Advisory Services (CAS). Nikole shares her experience from starting in a traditional accounting setting to establishing her firm, Momentum Accounting. We explore the transformation of CAS, and Nikole's Profit Points system aimed at optimizing business performance. It's time for another episode of Shoperations at Accounting High!

The Calendar is ready to flip over, Is Your Business Ready? Or will you just keep getting what you got in 2024? It is never too late to pivot and adjust. Let's get you set up for success with a few tips to get you headed in to the right direction and to maximize your New Year kickoff!  Recommended Book from the Video:

What if I told you that you might be leaving thousands of dollars of profit on the table all due to one bad habit? Would you want to stop doing this? If you want to make more money in your small business, forget sales for a moment and start doing this instead! ______   DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS

Alicia shares her detailed observations from the floor at the Intuit Connect conference, focusing on upcoming QuickBooks Online features and improvements. From customizable dashboards and enhanced payroll capabilities to streamlined sales tax filing and improved bank feed experiences, she breaks down the major changes coming to the platform. Her thorough exploration of the exhibition floor reveals Intuit's focus on automation, AI integration, and improved workflow management tools that will impact how accounting professionals work with QBO in the coming months.SponsorsZoho Expense - https://uqb.promo/zohoexpenseCoefficient - https://uqb.promo/coefficientRoboDebit - https://uqb.promo/robodebit(00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast (00:52) - Exploring Intuit Connect (02:20) - Innovations in Dashboards (05:00) - Payroll Enhancements (16:11) - Sales and Income Tax Updates (26:18) - New Features in QuickBooks Online for Accountants (29:17) - Bank Feeds and Transactions (33:45) - MailChimp Integration (37:31) - BillPay and AP Automation (47:28) - Conclusion and Upcoming Events Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Alicia's Dec 17 Bootcamp: QuickBooks Online: From Setup to Tax Time - http://royl.ws/QBO-Fundamentals-Course?affiliate=5393907Lean more about Alicia's QuickBooks Training http://learn.royalwise.comHector's App - RightTool www.righttool.appReframe 2025 Conference https://reframe2025.com/Sign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding

Many small business owners wonder how to pay themselves in their small business. Afterall, you are in it to make money! So what is the best way to pay yourself and what mistakes do a lot of small business owners make when paying themselves? I know you want to make profit!  ______   DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS

Dive into the major updates announced at November's In The Know webinar. The enhanced 1099 filing system promises to streamline vendor management and state filing requirements, while QuickBooks Online Accountants users can look forward to a more functional Work Center in January 2025. The new Work Center features improved project management tools and standalone task capabilities to help accountants track work without switching to external apps.SponsorsFishbowl - https://uqb.promo/fishbowlCoefficient - https://uqb.promo/coefficient MediaBooks - https://uqb.promo/mediabooks(00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast (02:35) - ProAdvisor Academy Overview (06:08) - 1099 Enhancements in QuickBooks Online (12:13) - New Work Center in QBOA (17:42) - Conclusion and Upcoming Events Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Alicia's Dec 17 Bootcamp: QuickBooks Online: From Setup to Tax Time - http://royl.ws/QBO-Fundamentals-Course?affiliate=5393907Sign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding

Alicia and Hector dive into the November 2024 QuickBooks Online update. They explore significant changes to ProAdvisor Academy, the evolution of QuickBooks Live Expert Assisted services, and developments in modern reporting views. They also share their thoughts on the new Beneficial Ownership Information (BOI) reporting requirements and debate whether Intuit's involvement will help or hinder small business compliance.SponsorsCoefficient - https://uqb.promo/coefficientRedmond Academy - https://uqb.promo/redmondMediaBooks - https://uqb.promo/mediabooks(00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast (01:49) - Intuit's Feature Rollout Strategy (04:23) - ProAdvisor Academy Rebranding (09:33) - QuickBooks Live Expert Assisted Service (19:25) - Modern View Reports in QuickBooks (24:43) - Inactive Pay Items in QBO Payroll (32:32) - E-Signatures in QBO Payroll Elite (33:21) - Exploring Workforce Management Solutions (36:00) - Beneficial Ownership Information Reporting (38:36) - Challenges and Industry Reactions (40:04) - QuickBooks Live and BOI Services (48:26) - What's Going On With Hector and Alicia (54:37) - Final Thoughts and Reflections Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:QuickBooks Online new features and updates—November 2024, https://www.firmofthefuture.com/product-update/november-2024-mpu/Alicia's QBO Advanced class on Nov 26, http://royl.ws/QBO-Advanced?affiliate=5393907Free virtual conference to prepare for QuickBooks Online Certification Level 1 in December: https://proadvisor.training.intuit.com/dec2024vcon/Hector's Reframe conference and Exactly What to Say resources and trainings: https://reframe.shoprocket.io/#!/reframe-2025-effective-pricing-for-accountants

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.

Sales are up. Profits are way down. Someone has to be skimming money from me! I trust this person but that might have been a mistake! Help, are they stealing? That was the question we got. So was someone stealing or was it something else? ______   DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS

Sales are down. You feel nothing is working. You feel like you are doing everything you can to grow your business. But are you?  Sometimes the person in the mirror is the reason the business has stalled. Are you guilty?   ______   DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS

Hector and Alicia dive deep into QuickBooks Online's October 2024 updates, dissecting new features and improvements across payroll, search functionality, and recurring payments. They explore the potential impact of AI-powered anomaly detection in payroll and discuss the implications of enhanced transaction search capabilities. The hosts also share their thoughts on the upcoming Intuit Connect conference and its significance for QuickBooks professionals.SponsorsIgnition - https://uqb.promo/ignitionCoefficient - https://uqb.promo/coefficientArtiffex - https://uqb.promo/artiffexSend your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Enroll for Alicia's Nov-Dec QBO Complete Hands-On Training (HOT) at https://royalwise.lpages.co/qbo-complete/Intuit's 2024 Investor Day event: https://www.youtube.com/embed/8cJ9vqr6gYg?si=C3UD7Hsxu2QMtx4rHector's App - RightTool www.righttool.appAlicia's 1099 class: http://royl.ws/QBO1099Alicia's RoyalWise OWLS QBO Training - http://royl.ws/uqapodcastIntuit 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 to QuickBooks Online October 2024 Updates (01:50) - Intuit Enterprise Suite: Pricing and Features (10:38) - W9 Management Module Enhancements (22:15) - AI-Powered Payroll Anomaly Detection (26:43) - HR Manager Role and Payroll Customizations (31:22) - Payroll Updates: Direct Deposit Changes (32:33) - Enhanced Payroll Cost Allocations (40:43) - Advanced Search in QuickBooks Online (48:03) - Recurring Payments and PCI Compliance (54:42) - ProConnect Tax Adjustments (57:29) - Upcoming Events and Conferences

You have been trying so hard to keep your business going. You're struggling with the decision to shut it down. You know you should, but something keeps telling you to hold on. Is it your ego? Your fear of failure? At the end of the day, you need to do what is right for you and your family. There are a ton of businesses you can run, this one may not be the one you are meant to run in the future.    ______   DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS

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

Hector and Alicia dive into the transformative power of language in accounting practice management. Drawing inspiration from Phil M. Jones' book "Exactly What to Say," they explore key phrases and communication strategies that can significantly improve client relationships, pricing discussions, and overall business growth. Through real-world examples and practical applications, this episode offers valuable insights for accountants looking to enhance their persuasion skills and communication effectiveness.Alicia and Hector explore recent changes in QuickBooks Online that they've been musing on. From subtle interface updates to new document importing features, they discuss the implications of Intuit's broader rebranding efforts and speculate on future developments. They also share valuable tips on mobile document scanning and highlight upcoming accounting conferences.SponsorsZoho Expense - https://uqb.promo/zohoexpenseMelio - https://uqb.promo/meliointerVal - https://uqb.promo/intervalSend your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comWhere to buy Exactly What to Sayhttps://amzn.to/47xZzob Links/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) - Welcome to the Unofficial QuickBooks Accountants Podcast (00:48) - Exactly What to Say to Accountants (02:04) - Alicia's Experience with the Book (03:56) - Implementing the Book's Principles (09:07) - Key Principles from the Book (17:02) - Practical Applications and Examples (24:15) - Alicia's Email Example (31:16) - Wrapping Up and Final Thoughts

In this episode of Tips with Te, we explore the best bookkeeping software options for small business owners. From comprehensive tools like QuickBooks Online and Xero to budget-friendly choices like Wave, we cover the key features, pricing, and benefits of each platform. Whether you're a freelancer, startup, or growing business, discover the right software to streamline your financial management and keep your books in order. Tune in for expert tips on choosing the perfect solution for your needs and budget! --- Support this podcast: https://podcasters.spotify.com/pod/show/tipswithte/support

Alicia and Hector explore recent changes in QuickBooks Online that they've been musing on. From subtle interface updates to new document importing features, they discuss the implications of Intuit's broader rebranding efforts and speculate on future developments. They also share valuable tips on mobile document scanning and highlight upcoming accounting conferences.SponsorsClient Hub- https://uqb.promo/clienthubMelio - https://uqb.promo/melioPractice Protect - https://uqb.promo/protectSend 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/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 (00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast (01:29) - Unexpected Bank Fees (06:04) - QuickBooks Payments and QSP Benefits (16:46) - New QuickBooks Features: Intuit Documents (23:24) - Google Drive and Dropbox Integration Plus Mobile Device Uploads (30:41) - Understanding the QR Code Workflow (36:25) - New QuickBooks Login Page and Speculations (39:00) - Challenges with QuickBooks Modernization (44:27) - Import Data Screen: Cosmetic Changes and Limitations (51:42) - Upcoming Events and Conferences

Are you maximizing your profits and minimizing taxes as a real estate agent? In this episode, Michael Glaspie shares the importance of bookkeeping for real estate professionals. He emphasizes starting with printing bank statements and categorizing expenses to get a clear financial picture. Michael highlights the benefits of separate business bank accounts and suggests forming an LLC for liability protection. He delves into tax deductions, proper record-keeping, and recommends tools like QuickBooks Online for staying organized. Michael advises hiring a bookkeeper or CPA for strategic financial guidance and stresses finding one knowledgeable about the real estate industry. He also clarifies the distinct roles of bookkeepers and tax preparers. Listen in for essential tips to elevate your financial game! Links: Follow Michael Glaspie on Instagram Subscribe to Michael Glaspie's YouTube Channel Schedule a Consultation with G2 Business Solutions Michael Glaspie's Website Connect with Michael Glaspie on LinkedIn Michael Glaspie's Facebook Page Follow Aaron Amuchastegui on Instagram Learn More About Shelby and Five Pillars Nation Get Hundreds of FREE Real Estate Tools From the Toolbox Join the 2025 Real Estate Rockstars Mastermind!