QQube™ allows you to create reports and analysis in minutes — not hours or days from QuickBooks data. There’s no need to understand table schemas, relationships, or mapping documents. QQube™ now adds the following items: Read more
Thanks to John Power, CEO, BizTools for this guest post. Please join me with John for a free webinar on this topic. Details and link to register are at the end of this article.
“The Times They Are a-Changin’” – Bob Dylan
Benjamin Franklin once said “Nothing is certain except death and taxes.” I think if he were around today he’d agree with Heraclitus that “Change is the only constant”.
I’d also suggest that these days, “Nothing is certain except death, taxes and that change is constantly accelerating”. There’s not a lot we can do about death and taxes (except try and postpone and minimize their impact) but there is definitely something that we can do to cope with the rapid pace of change around technologies and work practices in the SMB accounting space. “Resistance is futile”, so the solution is to embrace change – when and where it makes sense for your practice and your clients. If you want to grow your practice you’ll need to adapt by adopting new technology…the alternative may be to slowly perish. Read more
Finding Industry Averages for Small Businesses to help with Benchmarking, Ratio Analysis or Planning
You can add value for your clients by providing reports with key financial ratios compared to industry averages. This benchmarking can help clients see how their business is doing compared to others and identify areas for improvement. Plus, it is a great way for you to deepen your relationship with the client enhancing your position as their trusted business advisor. In this post, I’ll show a couple of ways to get industry averages for free or some lower cost options if you choose. Read more
QQube™ 5.1 – the most complete data warehouse for QuickBooks – has been released.
According to founder Chuck Vigeant M.Ed., ‘this is the most efficient, most powerful release to date. We made over 60 improvements, additions, and fixes from version 5.0 including refresh algorithms that are up to 90% faster in certain cases. This was an ambitious agenda for the last two months, and we succeeded.’ ‘We were excited about the 5.0 release, but soon realized that we needed to make improvements to make it a better customer experience.’ Read more
If you use QuickBooks for job costing, then you should assign a customer:job to each transaction (including admin or overhead as a job). However, sometimes transactions are not assigned a job. If you compare the standard Profit and Loss to the Profit and Loss by Job you may discover the totals do not agree. This quick video demonstrates how to compare the reports and identify transactions not assigned to a customer:job. Read more
The man who knows more about QuickBooks reporting and data extraction than anyone on the planet is has agreed to let us inside his brain and gain access to his experience. Don’t miss this!!!
Have you struggled to get that report out of QuickBooks that you can’t believe it doesn’t have? Do you want to learn how to get it done without a rocket science degree and a crew of programmers? Read more
The phase “Cash is King” emphasizes the importance of cash flow for a business. Insufficient cash flow can result in the failure of the business so it is important to monitor and manage cash flow. QuickBooks provides a Statement of Cash Flow report to help monitor cash flow for your business. QuickBooks classifies accounts into three categories of activities: operating, investing and financing as you can see on the report below. Read more