Category: Accounting
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Variance in taxes is part of the game
I have little patience lately for tax accountants who assert that their approach is “correct” and that all other results are “errors”. This is like having the sideline judge disagreeing with the referee on the field that called the play. We understand the mentality that the law is meant to be precise and therefore the results…
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Financial Planning Considerations When Your Business is Losing Money
This post was inspired by the stories of some of my neighbors and clients in southern New Jersey. Most were struggling with a weak economy before super storm Sandy hit in late 2012. Those that re-opened over the next few years face continued business losses and the prospect of continued weakening of the local economy…
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Fixed Asset Accounts in QuickBooks Online
Here is something I learned about the conversion of fixed asset accounts (like machinery or vehicles) from QuickBooks desktop to QuickBooks Online. (While I am a QuickBooks Online ProAdvisor and currently in the middle of studying for advanced certification, many new issues come up on a daily basis that are not obvious or well-documented. This…
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Top 10 things small businesses will love about the new QuickBooks
why small businesses will love the new QuickBooks
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QuickBooks pricing changes effective today
This post and pricing information is now out of date. The new QuickBooks pricing took effect today with the 50% discount still available through ProAdvisors. I wrote about it here last week. It seems like it will take the market a while to adjust to the concept that a small business can save $20 per month…
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QuickBooks: comparing desktop and online versions
I’ve had a few more questions lately about the difference between the desktop and online versions of QuickBooks. The online version expands many areas of capability with few known downsides. According to Intuit, the following features are available in QuickBooks Online (QBO) that are not available in the desktop version. Access to data easily across multiple platforms,…
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New pricing for QuickBooks Online
QuickBooks Online will have new higher pricing for new accounts effective March 9. Current pricing is listed at http://quickbooks.intuit.com/online/compare/. Monthly rates for new customers: Retail through a ProAdvisor Simple Start (previously $9.95) $12.95 $6.50 Essentials – includes bill pay and 3 users (previously $19.95) $26.95 $13.50 Plus – includes inventory tracking, class tracking, expense by customer,…
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More on disappearance of book-to-tax accounting feature
I’ve been involved in some online discussions as to why Intuit apparently introduced this book-to-tax feature after I completed my tax filing last year but then removed the feature when I needed it this year! Intuit gave no explanation either online or when I called except to sat that it will be re-introduced after the…
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Why I am furious with QuickBooks right now
A copy of an email advertisement for Book-to-tax feature. Intuit is fond of asking me frequently if I am satisfied with their QuickBooks product and would be willing to recommend their product to others. I’ve used it for 20+ years and have been a long-time QuickBooks ProAdviser. I’ve always been clear that my loyalty is due…