September, 2011

If you are a Sole Proprietor Should you Incorporate?

Although this is a QuickBooks site and having been in the accounting profession since 1988, I also consult with a number of clients that are still in the starting stages of their Canadian company. With most clients of this type, they have set up their business structure as a Proprietorship, which is okay, depending on the type of industry they are in and the amount of before tax net income they...

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What’s New with QuickBooks 2012 – on Sale Today (09/26/11)

I can remember my first encounter with QuickBooks in 2000, and let me tell you from that point till now, this #1 best-selling accounting software in North America, has really developed into a giant for small to medium size companies. With QuickBooks 2012 to go on sale today, there are some new features for everyone, no matter if you are the owner, bookkeeper, accountant or ProAdvisor. As...

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QuickBooks Quik Tip – Where’s my Company File Gone?

I’ve had a couple of clients that called me in a panic, after they clicked on the QuickBooks icon and couldn’t find their company file that they had worked on. This happens sometimes when the file has been moved around, which changes the location if not residing on a server. Even on a server, I have seen the path where the data resides change with a panicking result, but let’s...

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QuickBooks Quik Tip – Custom Fields for Inventory Items

I would like to deal with a question that was posed to me today. If you have imported an Inventory Item list as an .IIF file into QuickBooks, and if for some reason the list did not import the Custom Fields , how do you add them into QuickBooks? This was a client that had over 6,000 items, and to manual have to add them would take hours. All you have to do is set the Customer Fields up for one...

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QuickBooks Quik Tip – Payroll TimeSheet Report

If you are using TimeSheets to enter your employees time, and costing it to particular jobs,  you may want to verify it with a Report. The report I would suggest can be found by going to the Menu Bar/Reports/Time, Jobs & Mileage, and then you can choose Name. This will show you every entry that you made on the TimeSheet for your Scheduled Payroll. You can then cross reference it with the...

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