Tag: taxes

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QuickBooks Enhanced Inventory Receiving–Inventory Offset Problem   If you have been following this blog you know that I have some concerns with the Enhanced Inventory Receiving feature of QuickBooks Enterprise V12. Let’s take a look at another potential pitfall when using this program, relating to the Inventory Offset account.   Enhanced Inventory Receiving (EIR) is Intuit’s solution to a problem of having inventory receipts and bills handled in a single transaction â... Read More

A Quick Guide to QuickBooks These 15 tips will boost your proficiency on the world's most popular accounting system. More than 4.5 million companies use QuickBooks, making it by far the most widely used accounting system in the world. However, many CPAs frequently overlook or underutilize the product's strongest features. Are you using QuickBooks efficiently and getting the most you can out of the product? Following is a list of 15 QuickBooks intermediate and advanced features that y... Read More

QuickBooks 2012 is out, is it a good upgrade?   The short answer is “yes”, but with my usual cautionary statement of “wait until it matures a bit”. I don't recommend that you use the “R1” release of QuickBooks in any year – the R1 release is almost like a second stage “beta release” as it is pushed out to a lot of users. Although Intuit tests the first release a lot, it is hard to get it into EVERY kind of installation configuration that there is. Often we see that some problem that was ov... Read More

Cash flow now is more important than ever.  If you provide credit to customers, staying on top of receivables is a must.  Communicate with your banker, bookkeeper or accountant if you are carrying  substantial debt and see if there is some way to refinance to lower interest costs; or, spread your payment over a longer period of of time. If you pay for health insurance, take a fresh look at your plan and see what options may be available. Let your accountant or bookkeeper know what... Read More

An accounting firm provides a host of tax and accounting services that enable business owners to do what they love best, without the headache of thinking of numbers and financial jargons. Here are some reason why you should hire a Huntsville Accounting Firm: An accounting firm will be more objective and less costly than an in house accountant. If you hire a Huntsville accounting firm you will not have to pay social security tax withholding, Alabama State tax and workman compe... Read More