Business Discussions

I need an actual person to help with accounts receivable. I mean to do things like:* contact and follow up with customers who have unpaid invoices* figure out where payments might have been made but not attributed correctly* Examine "real" bank deposits to see if there is a clue about which invoice was being paid* Receive remittance notifications and handle matchingThis is basic hands-on accounts receivable stuff where Quickbooks knowledge is needed but is not sufficient. I had hoped that I might be able to find someone in ProAdvisor but this kind of service is not listed.

Good afternoon QuickBooks Community! I hope all is well! Do you need new strategies on how to manage your time more? Well, look no further I got some for you today. It's essential to adopt innovative strategies to make the most of your time.     Adopt the Pomodoro Technique Work in focused bursts of 25 minutes followed by short breaks to maintain high levels of concentration.   Set SMART Goals Establish Specific, Measurable, Achievable, Relevant, and Time-bound goals to maintain clarity and direction.   Implement Time Blocking Allocate specific blocks of time for different tasks. This helps reduce distractions and increases focus.   Prioritize with the Eisenhower Matrix Categorize tasks by urgency and importance to focus on what truly matters.   By adopting a proactive approach, you can ensure that your time is spent wisely, allowing you to focus on growth and innovation. Why don't you experiment with these strategies to find the best fit for your

Have you ever wondered what is the most expensive place to start a business? Well, I didn't! But I will gladly share with you what I learned. Our article for today from GO Banking Rates report reveals the top states that can seriously drain your wallet when starting a business.   Hawaii takes the crown as the priciest place, followed by California and Massachusetts. The full list of the most expensive states to start a business includes:   Hawaii California Massachusetts New York Connecticut New Jersey Maryland Washington Virginia Delaware   Each of these states is known for its high costs related to real estate, labour, and operational expenses. If you’re eyeing a location in the future, be sure to crunch the numbers first! Enjoy the weekend and be safe guys!     

Welcome welcome everyone! Thank you for visiting the Business Discussion board here in the Community. Today I'm sharing a short and sweet, but helpful topic that covers five pillars or traits of a successful business. Here we go...   Good productFirst and foremost you have to have a good product (or service). You want customers and potential customers to seek you out and choose you every time.   PassionWhat's the saying? "If you love what you do, you'll never work a day in your life." You'll also be really good at your job and the success will show.   No shameYou have to really own your business. Avoid belittling yourself and your hard work by not using phrases like "Oh I work from home." or "I freelance." Your drive deserves recognition.   Professional brandIt doesn't matter how small or how long you've been in business, a professional brand will be notable for years to come.   TestimonialsGet the word out there with reviews! People love to learn ab

Welcome back to the Business Discussion board here in the Community. Today I'm stopping by to share an article from the QuickBooks Blog that discusses multi-entity accounting. If you're like me and hadn't heard this term before, stick around and I'll explain.   "Multi-entity accounting is a financial management system designed to handle the accounting needs of organizations with multiple business entities, such as subsidiaries, branches, or divisions."   How it works"Multi-entity accounting integrates all your organization’s financial data into a single cohesive system. Each entity within the organization can maintain its own set of books and carry out account management, while the system allows for seamless consolidation and reporting across all entities." Combines financial info from all entities into one system Automates intercompany transactions and reporting Reduces errors and speeds up financial consolidation Supports intercompany eliminations and automated r

Hello -  We are a nonprofit organization that operates a summer camp.  Last summer we sold art in order to raise funds to donate to a Hawaii disaster relief fund.  I have recorded the dollars received from the sales as a bank deposit going to a miscellaneous revenue account.  Should the donation check to the relief fund be recorded as an expense going to a separate expense account or as a debit to the miscellaneous revenue account where the dollars received were recorded? thanks,Susan

Hi: I work for an electrical contractor.  We have to send out AIA Requisitions quite often.  I used to use P.E.M. Software but they have closed their business.  Can anyone in the construction industry who does AIA billings recommend what they are using for a software.  Thank you. Email:  [email address removed]

Hello QuickBooks Community! How’s everyone doing today? I’ve got some fun business facts for you—10 in total—that you might or might not know.     The First Modern Corporation: The Dutch East India Company, founded in 1602, is considered the world’s first modern corporation. It was also the first to issue stocks. The Power of Coffee: Starbucks started as a single store selling coffee beans. Now, it’s a global giant with over 30,000 locations! Billion-Dollar Startups: The term "unicorn" refers to startups valued at over $1 billion. As of 2023, there are over 1,000 unicorns worldwide, showcasing the booming startup culture. Women in Business: Companies with women in leadership roles tend to outperform their peers. Gender-diverse teams can boost profitability and productivity. The World’s Largest Employer: The U.S. Department of Defense is the largest employer in the world, with over 3 million employees, including civilians and military personnel. The 80/20 Rule: Known as the

Hello everyone! I hope your day has been going well. If you're here in the Community, chances are you're a QuickBooks user. It may be the Online version, or Desktop, or just payroll services. You may not be familiar with some of the more recent innovations QuickBooks has to offer to drive your business success. I found this article from our blog that goes over a few. Let's take a look...   Get insights, automate tasks, and save time with AI Intuit Assist for QuickBooks AI-powered Accounting Confidently manage your business with guidance from experts QuickBooks Live Expert Assisted QuickBooks Live Tax   These are just to name a few. Check out the full article I linked above for additional details, as well as other services and functions that may be new to you. Of course, if you ever need an extra hand, the Community always has your back!

It's hump day! We're halfway through another work week and I'm here to share some ideas that are sure to boost your business. 1. Learn Content Marketing (SEO)2. Pin on Pinterest3. Grow a Following on Facebook4. Share Graphics and Pictures on Instagram5. Start Building an Email List6. Learn Affiliate Marketing7. Post on Craigslist8. List Your Business in Directories9. Publish in Local Newspapers10. Post on Bulletin Boards   These are simple, budget friendly, ways to promote your business. What would you add? My bonus addition is a local radio ad! Let's hear your ideas in the comments.

Hey there, QuickBooks Community!If you're running a small business and feeling lost when tracking your success, you're in luck. We've got a gem of an article from QuickBooks Blog that breaks down the 7 most crucial Key Performance Indicators (KPIs) you should be keeping an eye on. Here's a quick rundown:     Revenue Growth - Track your income over time to see if you're on the up and up. Net Profit Margin - This tells you how much profit you're making from your revenue. Cash Flow - Keep tabs on the money coming in and going out to avoid surprises. Customer Acquisition Cost - Know how much bringing a new customer on board costs. Customer Lifetime Value - Understand how much a customer is worth over the long haul. Accounts Receivable Turnover - See how efficiently you're collecting payments. Inventory Turnover - Check how well you're managing your stock.   These KPIs are your business's best friends, helping you stay on track and make i

Welcome back to the Business Discussion side of the Community! Today I'm sharing some info from an article I read on tnj.com about how your business can become a positive influence in your community. Let's see what they had to say...   Understand your community"Research demographics, consumer behaviors, and local trends. You can do this by attending community events, joining local business associations, and engaging with residents to gain insights into their needs and preferences."   Start building local relationships"Invest time in building genuine relationships with customers, other businesses, community leaders, and local bloggers, journalists, and influencers. Actively participate in local events, sponsor community initiatives, and support local causes."   Make sure you’re offering exceptional customer service"Reviews are one of the biggest drivers of local business. To get good reviews, you need to deliver exceptional customer service at every touch point.

Ever wondered about the secret sauce behind boosting your sales? We’ve got the article from the Network Journal that spills the beans on a game-changing strategy you might not have considered. Here’s the scoop:     Build Genuine Relationships: The article reveals that forging authentic customer connections is the key to sales success. It’s not just about the pitch; it’s about creating trust and rapport. Focus on Listening: Instead of pushing your agenda, the magic happens when you actively listen to your customer’s needs and tailor your approach accordingly. Be the Expert: Position yourself as a knowledgeable resource. Share valuable insights and solutions that address your customers’ pain points. Follow Up Effectively: Don’t just make a sale and disappear. Keep in touch with your clients and continue to offer support to turn one-time buyers into loyal customers.   So why not dive in and start transforming your sales approach today! I hope you enjoy your weekend! See

Happy Tuesday, Community! Did you know YouTube might be a powerful way to promote your business? With over 2 billion logged-in monthly users, it's a platform with potential. Today's article from QuickBooks Blog shared some ways to leverage YouTube effectively. Let's dive in!   Create Engaging Content: Focus on valuable videos, such as tutorials, product demos, and industry insights. Engaging content can attract and retain viewers, turning them into loyal customers. Optimize for Search: Use relevant keywords in your video titles, descriptions, and tags to improve visibility. This helps your content appear in search results and reach a wider audience. Promote Your Brand: Include calls to action (CTAs) in your videos to guide viewers to your website, social media, or special offers. Consistent branding across your channel helps reinforce your identity. Analyze and Adapt: Utilize YouTube's analytics to track performance and understand what works. Adjust your strategy b

Happy hump day, my friends! Take a second to imagine with me. Imagine a Bingo card full of business growth tips. What are some things that would be included? Here are a few pointers I included on my own card that are sure to bring about some new business...   Start a podcast Do a fun giveaway Hand out business cards Create a freebie Blog/vlog regularly Write a guest post Improve your website Engage with your audience Work with influencers Rethink your branding   Check off boxes on your Bingo card, or number the tips and roll a dice, throw an arrow, etc. Try something fun to help you choose and then complete one of these, maybe once a week and watch your business grow. What else would you add? Let's talk about it in the comments!

Did you know starting your day with intention can set the tone for success? Here’s a peek into my morning routine, which helps me kickstart my day and stay on top of my game. Feel free to tweak it to fit your style and needs, and share your morning routine below!     Rise and Shine: 5:30 AMI set my alarm for 5:30 AM and, with a bit of self-discipline, resist the temptation to hit snooze. I start my day with a few deep breaths and a positive mindset to embrace the new day.   Hydrate & Meditate: 6:00 AMThe first step is hydrating. One glass of room-temperature water to refresh and kickstart my metabolism. Then, I spend 10 minutes meditating. This peaceful time helps me clear my mind and set a focused, positive tone for the day. If meditation isn’t your thing, consider deep breathing or light stretching.   Move Your Body: 6:15 AMExercise is a non-negotiable part of my routine. Whether it’s a brisk jog, a quick home workout, or some yoga, moving my body boosts my en

Happy Friday Community peeps! Want to know what separates highly successful business owners from the rest? Forbes has just dropped some golden nuggets on the top traits that can propel you to success in the business world. If you’re ready to up your game, here’s the lowdown on what makes these top-tier entrepreneurs tick:     Resilience: Here’s the deal—successful business owners don’t just brush off failure; they embrace it. They see challenges as growth opportunities and bounce back stronger. So, when life throws curveballs, remember: it’s not about how many times you fall, but how many times you get back up. Vision: Ever wondered how some businesses seem to be always ahead of the curve? It’s all about having a crystal-clear vision. Great leaders know where they’re headed and keep their eyes firmly on the prize. So, get that big-picture view and let it guide your decisions. Adaptability: The business landscape is constantly shifting, and the ability to pivot is key. H

Hello Community! Today I wanted to share some tips on how you can go about making more time in your day, from a blog post I came across from Calm on my LinkedIn page the other day. I found these helpful so I hope you all do too! Let's take a look at what they had to say:    1. Examine your attitude: Reflect on how you view time and think about whether shifting your mindset might help you view your day more positively!2. Analyze your time spending: Log your daily activities to gain insight into how you spend your hours.3. Plan ahead: Spend a few minutes each evening planning for the next day. List your tasks and allocate them to specific time slots. This can help you start each day with a more clear plan!4. Manage interruptions: Try minimizing distractions by setting specific times to check emails or putting your devices on silent mode.5. Embrace the two-minute rule: If you think a task can be completed in two minutes or less,

Welcome to the QuickBooks Community! I hope you all are doing well. Quick question: Are you struggling with overdue invoices? Well, you’re not alone. Many businesses face the challenge of collecting payments on time. The good news? Payment reminders can be a game-changer.   A well-timed reminder serves as a polite nudge that keeps your invoice at the top of your mind without being pushy. It’s a crucial step in maintaining healthy cash flow and ensuring you’re paid promptly. Here’s why you should integrate payment reminders into your invoicing process: Professionalism: A structured reminder system reflects well on your business, demonstrating organization and reliability. Efficiency: Automate reminders to save time and reduce manual follow-ups, allowing you to focus on growing your business. Reduced Stress: Clear reminders lessen the need for uncomfortable conversations and can minimize late payments.   Tools like QuickBooks can streamline this process, automatically sending

Happy Friday, Community! Decision making is inevitable when it comes to running a business. Making the right decision can sometime cost you precious time, that you most likely don't have to waste. Here are a few pointers from influencive.com on how to make faster and better decisions.   Trust your gutSimple, yet effective. The solution that automatically feels right if usually the best bet.   Make a pros and cons listWeigh and rate your options to see which one is the best.   The 80/20 ruleExpect the right decision 80% of the time, and allow for some growth and learning when maybe a not so great decision was made 20% of the time.   Summarize each optionBe sure to include the outcomes!   Is it reversible?Ask yourself if the answer is reversible if you decide it wasn't the best fit after all.   Ask for a "filter"Ask a team member or even a non-biased third-party member to act as a filter for you decision making. Two heads are better than one! &nbsp

How's it going Community? I hope everyone is doing great! What's your business plan looking like? Is it in the corner collecting cobwebs? Or maybe it's just a thought that has been pushed around in your brain for a while. Today I'm sharing a few points to consider when updating or constructing your business plan...   Determine your WHY Legal concerns Decide on a niche Do some market research Decide your charges & services Create a marketing strategy Onboarding & communication Organize your business & workflow Goal-setting   There you go! Easy enough. A few great starters to build off of to help keep you on track with the what you want for your business. What do you think? Drop your insight on business planning in the comments below!

The main benefits of the Work Opportunity Tax Credit (WOTC) program for business owners include: Significant Tax Savings:The WOTC provides a federal tax credit of up to $9600 per eligible new hire, with higher credits available for certain target groups (e.g., veterans, long-term unemployed, etc.).For profitable businesses, these tax credits can significantly reduce their overall tax liability. Expanded Talent Pool:The WOTC incentivizes businesses to hire individuals from certain disadvantaged groups, such as veterans, ex-felons, and the long-term unemployed.This can help business owners access a larger and more diverse pool of qualified candidates.Improved Retention:Studies have shown that WOTC-eligible employees tend to have higher retention rates compared to non-eligible hires.This can lead to reduced turnover and training costs for the business.\    4.Competitive Advantage:Leveraging the WOTC program can provide a competitive edge, as it allows busines

Peak season is right around the corner, and it’s time to gear up for the hustle and bustle. Whether you’re a seasoned pro or new to the game, these insider tips, covering everything from getting your inventory in line to turbocharging your marketing, will help you navigate the season like a champ.     Start Early: Don’t wait for the rush to hit. Plan your strategy now—forecast your sales, manage inventory, and prep those marketing campaigns. Master Your Inventory: Keep tabs on your stock to avoid both shortages and overstocking. An efficient inventory system is your best friend here. Boost Your Online Game: Make sure your online store is in tip-top shape. Ramp up your social media presence, run killer email campaigns, and fine-tune your SEO to attract more customers. Use Data Wisely: Dig into your sales data to spot trends and adjust your tactics. Knowing what your customers want can give you a serious edge. Ace Customer Service: Outstanding customer service can set you apar

Ever wondered why some businesses seem to skyrocket while others plateau? The secret often lies in collaboration. Hello, Quickbooks Community members, and welcome! Partnering with other companies is more than just a trend. It's a strategic move that can propel you and your party to new heights.     Imagine pooling resources, expertise, and networks! When you team up, you can tap into each other's strengths, amplify your reach, and tackle challenges more effectively. It's like combining forces to conquer a shared goal (like the Avengers teaming up to take down Thanos), leading to increased innovation and efficiency.   Collaboration also opens doors to new markets. You can introduce your products or services to a broader audience by aligning with partners who serve different customer segments. Shared marketing efforts and cross-promotions create a win-win scenario, maximizing visibility and boosting sales.   In essence, strategic partnerships are about synergy. It's n

Hey there! Thanks for stopping by the Business Discussion Board. Today I'm sharing an article from the Firm of the Future site that goes over a few onboarding steps for new clients. This article focuses on prospective clients for your accounting and advisory firms specifically. Let's take a closer look...   Listening to what the client needs is key"The goal of this meeting is to ask questions and listen." "For example, if the client mentioned wanting to talk about retirement or succession planning, the sales team will bring in team members from those areas to address questions."   "The next step is the proposal meeting, the perfect time to present services, pricing, a timeline, the recommended tech stack, and share information about the onboarding process, including who the onboarding team members are and their specific roles."   Technology and converting to the QuickBooks ecosystem"Consistency is the key to success and efficiency. If you go by memory