QuickBook’s impact on the US economy
On the glamour list, Intuit is far below companies such as Apple or Google, but the impact that QuickBooks is having on the US economy is enormous.
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The “Big Banks vs Small Banks” Dilema
Small banks trounce large banks in term of customer service, but you may still end-up at a large bank just because of its superior online banking capabilities.
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Connecting QuickBooks to your Bank
The technology to interface your QuickBooks file with your bank has been around for over twenty years. Most banks offer the service in various packages, but they stopped promoting it a long time ago. You need to be proactive in deciding whether you truly need it and which technology to use.
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Beware of LogMeIn and GoToMyPC for Bookkeeping
If you want your bookkeeper to get remote access to your QuickBooks file, tools like LogMeIn or GoToMyPC are often on the table, but be careful: they have some serious drawbacks.
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Prevent bookkeeping fraud with two sets of eyes
The two most common causes of fraud in small businesses are when rogue employees or contractors write checks to themselves or deposit checks to their account instead of the company’s account. Those are very unsophisticated schemes and can easily be detected after the fact, but by the time you detect the fraud, the damage is already done. Here are easy techniques to avoid the fraud in the first place.
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Preparing your 1099s – Deadlines and Process
There are many options available for preparing, sending and filing 1099 forms. They range from Do-It-Yourself to complete outsourcing options. However, all options have a common starting point: your QuickBooks file needs to be up-to-date through the end of 2011 and you need to have the proper information about your vendors on file.
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QuickBooks for Mac vs Windows
If you are a Mac user, QuickBooks for Mac is a robust product and a rational solution, but you need to be aware of its limitations. It has fewer features than its Windows sibbling and makes collaboration with 3rd party providers more difficult.
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How to interview a bookkeeper
Let’s assume that you decided to hire an independent bookkeeper as opposed to a bookkeeping firm like ProLedge. How should you interview and select such a bookkeeper? What are the most important selection criteria?
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QuickBooks Add-Ons: Where the Fun Begins
Over the years, QuickBooks has matured and the rate of innovation in the product itself has been decreasing significantly. The real innovation is now in the breadth of third party services and applications that interface with QuickBooks.
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Emailing QuickBooks files
QuickBooks files tend to be very large. If you need to send a copy of your QuickBooks file to someone such as your CPA, attaching the file to an email is typically a bad idea because the email service provider on the recipient’s side will often block such a large attachment. Even if it goes through, email has a nasty tendency of corrupting QuickBooks files. There are better approaches and they are free.
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