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QuickBooks “Updates” vs “Upgrades”

Intuit, the maker of QuickBooks, releases new versions of QuickBooks on a regular basis. Some are called “Updates” and those are free. Some are called “Upgrades” and those need to be purchased. When using QuickBooks, you will often get a warning…

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QuickBook’s Impact on the US Economy

Everybody talks about how companies like Apple, Microsoft and Google have fundamentally changed the way the economy operates. In the world of small businesses, which drives an enormous part of our economy, I would still put Microsoft at the top of the list…

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The “Big Banks vs Small Banks” Dilema

There is no doubt that large banks have recently done everything they could to scare clients away. However, when it comes to small businesses, large banks still offer assets that make it harder for smaller banks to compete. No, it’s not just about…

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Connecting QuickBooks to your Bank

Online banking for small businesses has long been mainstream . Small business owners who don’t use a browser to check on their bank accounts will soon be put on the endangered species list. However, the percentage of small business owners…

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Beware of LogMeIn and GoToMyPC for Bookkeeping

Whenever one of our bookkeepers has his/her initial meeting with a new client, the topic of how we will access the client’s QuickBooks file is on the agenda. There are many options depending on the client’s needs and setup, including…

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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…

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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…

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QuickBooks for Mac vs Windows Template

The debate between Mac and Windows is getting almost as polarized as our beloved Congress. Until recently, the bookkeeping world had managed to remain relatively immune to this debate, but with the increased market share of the Mac in the small…

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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 (the arguments for such a decision can be hotly debated of course!). How should you interview and select such a bookkeeper…

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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. If you have…

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