Podcast
In this episode of Accounting with Confidence, I discuss the uncertain future of QuickBooks Desktop, exploring the potential discontinuation and available alternatives. I delve into Intuit's pricing strategies, their move to subscription models, the impact on payroll options, and offer insights into viable options ranging from QuickBooks Online to other software solutions like Xero, Accounting Suite, and NetSuite. I emphasize the importance of preparing for these changes to avoid disruptions in your business operations.
00:00 Introduction to Beth Whitworth and the Episode
00:36 The Future of QuickBooks Desktop
01:15 QuickBooks Desktop Alternatives
02:12 QuickBooks Desktop Market Share and Growth
05:11 Transitioning to QuickBooks Online or Other Platforms
15:24 QuickBooks Online Pricing and Features
20:23 Payroll Solutions and Recommendations
27:31 Exploring Alternatives to QuickBooks
33:44 Conclusion and Final Thoughts
This week we take an excerpt from the monthly QuickBooks User Group that was all about Money In. These 4 rules of Money In for your business work through the steps to keep money coming in and give you some common sense guidance on how to keep it simple.
QBO has a little known feature where they roll out and beta test new features called QuickBooks Labs. This video will show you how to access the Labs and turn on the newest beta test feature: Dark Mode. This trend is happening on apps everywhere and QBO will not be left behind.
Another round of PPP funding has been approved, but this one has a reduction in gross revenue threshold in order to be applied for. This video shows you how to run a report that will show your gross revenues by quarter verses the same quarter in the previous year. This will allow you to see the percentage change (at least 25% decrease) to determine if you qualify for applying for the new round of PPP funds. Covering both the QB desktop and QB online process, this quick video will give you what you need as the first step for determining qualification.
Finally get rid of that annoying beep and other settings that may be keeping you from doing your most efficient work. From date settings to pre-filled account preferences, one-time messages to leaving out the decimal point it can all be found in one spot and adjusted by YOU! This video will show you how to review those settings and get QuickBooks desktop working the way you want it to!
A much talked about and finally released feature in QBO is View Statements which allows you to download bank statements (or credit card statements) from connected banks. This saves you time in downloading and saving the statements directly from the bank account prior to reconciling. After reconciling, you can even attach the bank statement directly with the reconciliation report.
For a list of banks connected as of December 9, 2020 click here:
https://digitalasset.intuit.com/DOCUMENT/A6XziRfkN/ProviderList-USA-Dec_09_2020.pdf
The year is almost over and that means you need to be ready for reporting requirements that start in January! Find out what's new for 2020 including information about the 1099-NEC and the most helpful form you will need to complete your 1099s this year. See a demonstration on how to set up 1099 tracking in both QuickBooks desktop and QuickBooks online so you can be ready for the filing season.
https://www.irs.gov/pub/irs-pdf/fw9.pdf
https://www.irs.gov/instructions/i1099msc
Keyboard shortcuts aren't dead! They can save you keystrokes and mouse-clicks which will add up to saving you time.
Check out a complete list of QuickBooks Desktop shortcuts here: https://quickbooks.intuit.com/learn-support/en-us/write-checks/keyboard-shortcuts-in-quickbooks-desktop/00/202588
Check out a complete list of QuickBooks Online shortcuts here: https://quickbooks.intuit.com/learn-support/en-us/configure-products/keyboard-shortcuts-for-quickbooks-online/00/185619
Tackling the paper that is involved in the accounting process can be daunting. Learn how to attach vendor bills inside of QuickBooks Desktop transactions for easy reference and organization.
From time to time you may discover that you have multiple accounts tracking the same thing and it causes confusion when you are recording transactions. Well, there is a little known trick within QuickBooks products that allows you to merge two accounts which retains all of the details of the transaction, but combines them into the correct account. This tool can be considered a life saver! Watch the video to learn how to merge accounts in QB Desktop and QB Online.
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