GR8 KWIK BOOKS "for all your QuickBooks needs"
WELCOME TO GR8 KWIK BOOKS OCTOBER NEWSLETTER.
The first quarter of the financial year has ended which means time to get the BAS ready and measure the first quarter results. Are you sure you are claiming all your credits? Do you reconcile all your bank and credit card statements?
The little things and knowing how to do them can save time and money, make sure you know how to use your program to its best.
Do you use classes to measure results in different parts of your business? Have you thought about modifying and memorising profit and loss reports for each class? Is this something you would like to explore and introduce? Let us know if we can help.
A recent quote Glenn read was
Many great ideas go unexecuted, and many great executioners are without ideas. One without the other is worthless.
Tim Blixseth
QuickBooks has so much to offer in the management of one of your great assets, so use what you know and find out what you don’t by asking us.
The little things and knowing how to do them can save time and money, make sure you know how to use your program to its best.
Do you use classes to measure results in different parts of your business? Have you thought about modifying and memorising profit and loss reports for each class? Is this something you would like to explore and introduce? Let us know if we can help.
A recent quote Glenn read was
Many great ideas go unexecuted, and many great executioners are without ideas. One without the other is worthless.
Tim Blixseth
QuickBooks has so much to offer in the management of one of your great assets, so use what you know and find out what you don’t by asking us.
THROUGH THE EYES OF AN ACCOUNTANT by David Ivins
We wish to introduce David Ivins, an accountant with a team of technology adopting accountants who love and recommend QuickBooks. He will be adding some great advice to this newsletter every issue. David’s first words are below….
Having a solid relationship with an accountant is a boon for small business owners. If they are any good they will do more for you than just take the figures provided in your QuickBooks file, do some year-end hocus pocus and prepare a tax return.
Most small businesses, by their very nature, aren’t big enough to employ an in-house accountant. So using your external accountant as a consultant to your business is a cost-effective way of getting good advice from an experienced professional. Because we (accountants) see lots of businesses we are in an ideal position to spot the problems and opportunities revealed by the financial statements and alert the owner.
In my practice we enjoy working with clients who use QuickBooks because of the reports that can be produced and the ease with which data can be transferred between clients and ourselves. This allows us to be more pro-active in providing timely advice which can help in growing the client’s business. This is far more interesting work for us and more beneficial to the client than just crunching numbers in order to complete a tax return.
02 8824 8073
david@davidivins.com.au
Having a solid relationship with an accountant is a boon for small business owners. If they are any good they will do more for you than just take the figures provided in your QuickBooks file, do some year-end hocus pocus and prepare a tax return.
Most small businesses, by their very nature, aren’t big enough to employ an in-house accountant. So using your external accountant as a consultant to your business is a cost-effective way of getting good advice from an experienced professional. Because we (accountants) see lots of businesses we are in an ideal position to spot the problems and opportunities revealed by the financial statements and alert the owner.
In my practice we enjoy working with clients who use QuickBooks because of the reports that can be produced and the ease with which data can be transferred between clients and ourselves. This allows us to be more pro-active in providing timely advice which can help in growing the client’s business. This is far more interesting work for us and more beneficial to the client than just crunching numbers in order to complete a tax return.
02 8824 8073
david@davidivins.com.au
HAVE YOU STARTED USING THE COMPANY SNAPSHOT YET?
One new feature in 2011/12 QuickBooks is the Company Snap Shot found right next to the Home Icon.
Glenn has started using this feature to measure the business. Here are some quotes from people who have started using it, mmm food for thought eh?
By looking at the Company Snapshot and the graph titled \'Top Customers by Sales\' I can see that by far the most popular method of payment used by our customers is by Credit Card. Hmmm... the merchant fees have just gone up for the use of this service. Should we pass on the charge?
My husband and I run our small to medium business and have always maintained a great \"working\" relationship by recognising each other’s strengths and weaknesses. His strengths are caring for his customers and buying effectively whilst mine are looking after staff and doing the administrative work. The Company Snapshot is the tool we use to summarise the sum of our efforts and we review this together every month. A Great way to see that we\'re heading in the right direction.
I have been using QuickBooks Plus for two years now and have always struggled to find out how everything was going. I had to load up all reports and sift through the pages to find relevant information. NOW by customising the SNAPSHOT page I can see all information in a snap on one page. Expenses verses income, previous year to current even on a weekly basis and who owes me and who I owe. Thanks for such a great business tool.
Just tried out the Company Snapshot and was nicely surprised. We had been hard trying to reduce our overall expenses and this clearly shows what a great improvement we have had over previous years. Also I can quickly see those customers I need to chase payment from. Overall it is a great way to get a quick overview to identify areas that may need further investigation.
I love being able to log into QB and take a quick look at the Company Snapshot each day; who is buying from us, who we are buying from and most importantly shows me who\'s not paying. All important info in one place, & up to the minute. Well done!
I love the Company Snapshot feature. I run it and the end of each month to review my performance and look for trends with income and expenses. I particularly like the way you can customise the Snapshot to suit your own individual needs. It has really helped me identify my expenses and better control my suppliers.
The Company Snapshot allowed me to focus my efforts on my top customers and give them gold plated service thereby further increasing their buy from my company. The snapshot provides you with a quick guide to both problem areas and areas that are working well for the company. Great tool!
Glenn has started using this feature to measure the business. Here are some quotes from people who have started using it, mmm food for thought eh?
By looking at the Company Snapshot and the graph titled \'Top Customers by Sales\' I can see that by far the most popular method of payment used by our customers is by Credit Card. Hmmm... the merchant fees have just gone up for the use of this service. Should we pass on the charge?
My husband and I run our small to medium business and have always maintained a great \"working\" relationship by recognising each other’s strengths and weaknesses. His strengths are caring for his customers and buying effectively whilst mine are looking after staff and doing the administrative work. The Company Snapshot is the tool we use to summarise the sum of our efforts and we review this together every month. A Great way to see that we\'re heading in the right direction.
I have been using QuickBooks Plus for two years now and have always struggled to find out how everything was going. I had to load up all reports and sift through the pages to find relevant information. NOW by customising the SNAPSHOT page I can see all information in a snap on one page. Expenses verses income, previous year to current even on a weekly basis and who owes me and who I owe. Thanks for such a great business tool.
Just tried out the Company Snapshot and was nicely surprised. We had been hard trying to reduce our overall expenses and this clearly shows what a great improvement we have had over previous years. Also I can quickly see those customers I need to chase payment from. Overall it is a great way to get a quick overview to identify areas that may need further investigation.
I love being able to log into QB and take a quick look at the Company Snapshot each day; who is buying from us, who we are buying from and most importantly shows me who\'s not paying. All important info in one place, & up to the minute. Well done!
I love the Company Snapshot feature. I run it and the end of each month to review my performance and look for trends with income and expenses. I particularly like the way you can customise the Snapshot to suit your own individual needs. It has really helped me identify my expenses and better control my suppliers.
The Company Snapshot allowed me to focus my efforts on my top customers and give them gold plated service thereby further increasing their buy from my company. The snapshot provides you with a quick guide to both problem areas and areas that are working well for the company. Great tool!
STAYING IN TOUCH
There are 2 links here that will keep you up to date with tips, the latest and great ideas
for your business using QuickBooks.
Follow us on Facebook https://www.facebook.com/#!/GR8KWIKBOOKS
Follow our blog http://gr8kwikbooks.blogspot.com/
for your business using QuickBooks.
Follow us on Facebook https://www.facebook.com/#!/GR8KWIKBOOKS
Follow our blog http://gr8kwikbooks.blogspot.com/
CLASSROOM TRAINING DATES
This month we offer for October
Book the Advanced Certificate on the 19th October for $399.00 or Paying Your Employees on the 20th October for $399.00 or both for $749.00. Save $50.00 per course or $150.00 for the pair.
Classroom courses are held in Parramatta using the approved Reckon Training Manuals. Course details and the booking form can be found
http://glennanthoney.com.au/quickbook-training-courses/
QuickBooks Certificate
Upcoming Dates
• 18 October 2011
• 15 November 2011
• 6 December 2011
QuickBooks Advanced Certificate
Upcoming Dates
• 19 October 2011
• 16 November 2011
• 7 December 2011
Paying Your Employees Using QuickBooks
Upcoming Dates
• 20 October 2011
• 24 November 2011
BAS and Financial Reporting Using QuickBooks
Upcoming Dates
• 8 December 2011
Bookkeepers Certificate for QuickBooks
Upcoming Dates
• 22 November 2011
• 23 November 2011
Book the Advanced Certificate on the 19th October for $399.00 or Paying Your Employees on the 20th October for $399.00 or both for $749.00. Save $50.00 per course or $150.00 for the pair.
Classroom courses are held in Parramatta using the approved Reckon Training Manuals. Course details and the booking form can be found
http://glennanthoney.com.au/quickbook-training-courses/
QuickBooks Certificate
Upcoming Dates
• 18 October 2011
• 15 November 2011
• 6 December 2011
QuickBooks Advanced Certificate
Upcoming Dates
• 19 October 2011
• 16 November 2011
• 7 December 2011
Paying Your Employees Using QuickBooks
Upcoming Dates
• 20 October 2011
• 24 November 2011
BAS and Financial Reporting Using QuickBooks
Upcoming Dates
• 8 December 2011
Bookkeepers Certificate for QuickBooks
Upcoming Dates
• 22 November 2011
• 23 November 2011
FAQ’s and TIPS
You can save some time generating reports by setting preferences to allow you to change options before the report is generated.
Go to Edit>Preferences>Reports&Graphs>MyPreferences>tick Prompt me to modify report options before opening a report. You can then change date range, columns, filters and others before the report opens.
Do your reports (incl BAS) show quarterly periods out of sync with the standard quarterly periods of July/Oct/Jan/April? It might be because your Tax year has been set incorrectly. In Company>Company Information>Report Information>First month in your>Tax Year, make sure July is selected.
Do you have multiple companies that you don’t want in your start up screen?
Go to File, Open Previous Company, Set Number of Previous Companies. If you set the number to 1 it will only record the last opened company. You can then change the number if required by following the same process
Go to Edit>Preferences>Reports&Graphs>MyPreferences>tick Prompt me to modify report options before opening a report. You can then change date range, columns, filters and others before the report opens.
Do your reports (incl BAS) show quarterly periods out of sync with the standard quarterly periods of July/Oct/Jan/April? It might be because your Tax year has been set incorrectly. In Company>Company Information>Report Information>First month in your>Tax Year, make sure July is selected.
Do you have multiple companies that you don’t want in your start up screen?
Go to File, Open Previous Company, Set Number of Previous Companies. If you set the number to 1 it will only record the last opened company. You can then change the number if required by following the same process
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