I previously wrote an article about Bank Feeds for QuickBooks Desktop where I explained that bank feeds are great, but there are issues with Accounts Receivable (A/R). I suggested that everyone enter A/R manually, which still holds true. For QuickBooks Online Bank Feeds, I have been finding that many business owners have been confused with the automatic […]
Category Archives: Accounting
Intuit decided to stop updating QuickBooks for Mac (QBM). Many Accountants complained about QB for Mac, and while it had its issues, it worked and was much more affordable than QuickBooks Online (QBO). The desktop edition was about $200 and only needed to be upgraded once every three years. A comparable version of QBO starts […]
In my Small Business Management class, we were reviewing organization & staffing in a small business and we found a great deal of information on the theory of organizational management. More difficult was finding a practical, how-to guide for hiring an employee, be it in Vermont or anywhere else in the U.S. Many of my […]
One of the selling points for the newer versions of QuickBooks and QuickBooks online is the ability to connect directly with your bank account and download transaction data. It saves business owners the amount of time it would take them to enter a date and an amount for each transaction. However, this feature can cause […]
As my local city, Burlington, Vermont gets some great publicity on their Smart Growth plans1, I wonder if local businesses are considering the same. Growth is not always good for a business and I previously argued that some businesses should consider no growth. Quick growth can be bad for your business, so it’s important to […]
When a client wants to import data, such as past transactions into QuickBooks, the initial assumption is that Intuit has an easy solution. The reality is that QuickBooks does not always play well with others (like PayPal), but there are a few decent options for importing journal entries, transactions and any kind of list (like […]
QuickBooks is still the leading accounting software for small businesses in terms of sales, but many people are looking around for other options out of curiosity. I, like many small business owners, have this sense that there ought to be some sort of great open source accounting software. I have yet to find a great […]
Some of my clients ask me which is better: QuickBooks Online or QuickBooks Desktop. You’ll pay much more for QuickBooks Online with the main advantage being access to your file and no need to backup data. The online version has some differences in where some functions are located which is confusing for long-time desktop users […]
From time to time, I find new clients have a hard time understanding how to account for equity contributions- particularly when that means purchases from their personal bank account. When someone is starting a new business, they often incur business expenses before they are up and running with a business bank account. This can cause […]
A few months ago I wrote about options for free and/or open source accounting software and I found a few good options. I liked Manager, which is a simple and clean accounting program from Australia. Its main issue, like most free accounting programs, is its limited types of reports and it has no capability for […]
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