The Small Business Tax Help Blog

Posts Tagged ‘tools’

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Question: which accounting software is better for a small business?

I am trying to control 4 separate businesses from one location. Basicly checking on sales,expenses, profit & loss, bank deposits and other similar reports. Each business has its own system and reports to the headquarter on daily basis. I am looking for an accounting software that will fit this scenario…I just need to receive, compile and generate additional reports from the data provided. would it be Peachtree accounting software or Microsoft accounting express or if there are any other please do let me know.

yours,

desparatly awaiting the answer

Answer: I truely believe that it would be quickbooks. Check out their website with all the stuff it can do for you.
www.quickbooks.com

Niangua police, Amish sex charges among big stories in second half of ‘09

During the second half of 2009, the Marshfield Board of Aldermen continued to make headlines, with discussion about where to place a proposed emergency storm shelter, and debating rules for public discussion at meetings and when items could be placed on the agenda.

Digging out from $80,000 in debt

iPhone makes inroads into businesses

The uber cool iPhone is replacing BlackBerrys in the business market, with new enterprise applications making it hard for IT managers to swim against the phone’s popularity tide.

Expense2GO – Expense Mgt for iPhone and salesforce.com

Question: I need a good/easy computer progam for keeping track of my husbands construction business expenses, etc?

He has a small business, only 2 employees, but I have the job of keeping track of everything which I do mostly in notebooks only b/c I dont know what computer program would be appropriate. I felt so stupid when our accountant asked to see our ledgers and I didnt have any. I want to be better prepared for taxes next year. HELP!

Answer: We use QuickBooks for my husband's small business. It is easy and there is loads of help inside the program.

Former N.J. woman accused of stealing $250K from Verizon

BERNARDS TOWNSHIP -- Authorities are looking for a Delaware woman who stole more than $250,000 from Verizon by submitting false reimbursement requests while she worked there, officials said today. An arrest warrant has been issued for Candace Fitzgerald, 49, of...

THE OSCARS - HEATH LEDGER

For the second year in a row, the most exciting new feature is the Client Data Review tool found in the Accountants editions of QuickBooks Premier and QuickBooks Enterprise.

I don’t normally push my clients to upgrade unless their version is 3+ years old. But last year, Intuit introduced a new Client Data Review feature for accountants which allows us to troubleshoot and correct client data entry errors with a few clicks of a button. Common data entry errors that used to take me hours to correct can now be done in minutes!

If you’ve ever had to hire a QuickBooks ProAdvisor or CPA to cleanup your data file, this upgrade is going to more than pay for itself. And don’t delay – client data review only works on the data entered in 2009 or 2010, so the sooner you upgrade the sooner you can start saving money!

But this isn’t the only reason to upgrade. Intuit’s really been listening to our needs this year, and they’ve added many new features – big and small – that will make your bookkeeping a lot easier!

Sometimes it’s the little things that make the biggest difference to you day-to-day life. Several handy little features were released with little fanfare, but are sure to be crowd pleasers. We’re already hooked and find ourselves missing them when we work on pre-2010 files.

New! Add/Edit Multiple List Entries

This is our favorite new feature! Entering large amounts of List data is now as simple as copy & pasting. Quickly enter or edit multiple Items, Customers, and Vendors so you can make changes faster and more efficiently than ever. It’ll be a huge time-saver for us, which translates into savings for our clients. It’s so easy to use you’ll probably no longer even need our help!

New! Intuit Check Solution for QuickBooks

We’ve been using Check Solutions for several months now, and We love being able to process ACH checking account debits! However, it wasn’t integrated with QuickBooks 2009 which meant we had to manually re-enter each payment and deposit in QuickBooks. We yearned for the easy payment download and automatic deposit match-up found with Intuit Merchant Services, so we are thrilled to discover that it’s now integrated in 2010. We would’ve upgraded for this feature alone. If you accept a lot of checks, you should really check it out. Now you can accept checks electronically from the comfort of your desk. Scan (or key enter) checks into QuickBooks and the funds are automatically deposited into your bank account.

New! Intuit Go Payment

While we’re on the subject of payment solutions, we recently signed up for Intuit’s new Go Payment service for our iphones. You can now get paid on the spot by accepting credit card payments using your mobile phone. How exciting is that!

New! QuickBooks Document Management

We’ve been very happy with SmartVault, but will probably switch to using Intuit’s built-in Document Management tool now included in 2010. You can now electronically “paperclip” your documents to QuickBooks transactions to stay organized and save time. Organize receipts, contracts, statements and more by attaching electronic or scanned files to any customer, vendor, employee, account, or transaction. NOTE: we’ve been told it doesn’t work with all scanners yet, so make sure to check to make sure your scanner is supported before making the switch.

New! Favorites Menu

We’ve been putting our favorites on our Icon Bar for years, and we’re running out of room! Create shortcuts and get there faster. Get one-click access to your everyday tasks using the Favorites Menu:

Improved! Online Banking

Personally, we love the new online banking interface but many people who have been using it for several years had a hard time getting used to it. Once again, Intuit is listening and now you get the best of both worlds – choose between the previous Online Banking experience from QuickBooks 2008 (register view) or the re-designed Online Banking Center (side-by-side view)

Improved! Company Snapshot

The Company Snapshot has been redesigned and it’s a step in the right direction, but it doesn’t compare to the add-on reporting tools out there (our personal favorite is Qvinci). But you can get an instant view into the bottom line with more at-a-glance reports featuring easy-to-read graphs. See data from multiple years side-by-side for a quick comparison.

Improved! Report Center

The Report Center has also been redesigned. Spend less time hunting for the right report. Find it quickly and easily by previewing a full-size sample report before running it. No more looking at tiny thumbnails.

Improved! Forms Customization

Make all your QuickBooks forms look like they came from YOUR company. Promote your business by presenting a consistent, professional look across all your QuickBooks invoices and forms

Improved! Installation Enhancements

Get up and running quickly and easily. Installing QuickBooks 2010 is easier than ever for both new users and upgrades with our installation improvements. NOTE: we’ve had some problems installing QuickBooks 2010 after upgrading to Windows 7. If you experience problems, you may want to consider doing a full install of Windows 7 instead of upgrading.

Improved! Clean Up Company Data

Reduce the size of your QuickBooks file. Maximize efficiency with the Clean Up Company Data wizard and condense older transactional data into summary roll-forward numbers

Improved! Online Banking

Get the best of both worlds– choose between the previous Online Banking experience from QuickBooks 2008 (register view) or the re-designed Online Banking Center (side-by-side view)

If you need additional assistance, please call our QuickBooks technical support line at 888-351-5285. We are here to help you get the most out of QuickBooks!

Year in Review

• Okotoks’ lauded population cap could be “tweaked” as the Town and the Calgary Regional Partnership (CRP) ponder new plans for the future. Okotoks’ mayor and two town councillors say they support altering the population cap.

Strategic Marketing Plan Sample

Question: How do i separate direct debits for tax purposes?

I run a small electrical business and do my own book keeping. I have set up some direct debits such as van insurance, advertising,etc. So as an example, i have an invoice in Feb for £400 but will be paying 10 monthly installments via direct debit. So, do i enter £400 for Feb or do i enter £40 a month. I am keeping all receipts and entering these on a monthly basis but Feb will look like a bad month even though i havent paid any money yet. And also the reason of separating the cost between the tax year. Hope someone knows and gets back to me.

Answer: Tax has no real rerlationship with methods of payment. Tax is accounted for on invoices received and invoices or receipts issued . An adjustment is made on your P&L account and your balance sheet for debtors and creditors but only bad debts (with will not be paid) can be reclaimed against tax.

It doesn't matter that the current month will look bad when you are still holding money to be paid by direct debit in the future because in this case looking good or bad is about cash flow, not about tax liability.

Colorado tax hikes would undo fraction of tax breaks

DENVER - Tax hikes that Colorado lawmakers are rushing to pass to balance the budget would undo about 6 percent of the $2.2 billion in tax credits and exemptions on Colorado's books. They would affect a range of industries, from manufacturing to information technology to agriculture, as well as consumers. Buyers of candy and soda, as well as some energy bars and sweetened fruit juices, would ...

The Tax Club Book Keeping Gateway to Greater Deductions