Make everyday tasks more efficient

Administrative work, such as tracking and collecting payments, can be time-intensive and costly. A recent Intuit survey found that small businesses leave an average of $1,500 per month on the table from overdue payments. New features to increase efficiency in getting paid:

• Batch Invoicing lets small businesses owners who often bill many customers for the same service streamline the process by creating one template invoice to send to all related customers.
• Yahoo, Gmail, Hotmail Integration allows businesses to easily send invoices, estimates, and other e-mails from their preferred webmail service directly from QuickBooks.
• Collections Center helps users to quickly identify overdue and almost-due invoices, and then directly e-mail collection notices from their Outlook, Yahoo, Gmail, or Hotmail accounts.
• Intuit PaymentNetwork (sold separately) provides a way for a small business’s customers to instantly pay their invoices.

Contact Woodard accounting today http://woodardaccounting.com/

Getting faster access to insights

For many small businesses, QuickBooks is the hub of important customer, vendor, and inventory information. Accessing the right data at the right time can result in better business decisions and faster responses to customers. Upgraded features give customers quick access to important business information:

• Customer Snapshot offers a consolidated view of an individual customer’s purchase history, average days to pay, and outstanding balance. This helps small businesses make timely decisions on customer requests.
• QuickBooks Search lets users quickly locate any customer, account, report or invoice details within their QuickBooks repository with a simple keyword search.
• Customer and Vendor History provides at-a-glance views of important customer and vendor details, such as history, estimates and past orders, on a single screen.
• Balance Sheet by Class provides a way for QuickBooks Premier users to separately track multiple funds, departments or locations in a single, easy-to-access report.

For all your accounting needs contact Woodard today http://woodardaccounting.com/

New Quickbooks

QuickBooks 2011 Saves Small Businesses Time in the Back Office

New Version Provides Faster Access to Data, Increases Efficiency and Enables Access to Essential Information On-the-Go

MOUNTAIN VIEW, Calif. – Sep. 07, 2010 – Small businesses will find more ways to save time with the latest version of best-selling QuickBooks® financial software from Intuit Inc. (Nasdaq: INTU). QuickBooks 2011 includes several new features that help small business owners find important data quickly when they need it, perform everyday tasks more efficiently and access essential business information remotely. The software goes on sale Sept. 27.

"For every small business owner, time is money. They want to focus on their business - their passion - not on their books," said Dan Wernikoff, vice president and general manager of Intuit’s Financial Management Solutions division. "With QuickBooks 2011, we’ve focused on helping them put seconds, minutes and even hours back on the clock."

QuickBooks Pro and Premier 2011 build on prior versions by streamlining important accounting tasks, such as invoicing and collecting payments. The new Customer Snapshot and Customer and Vendor History features provide at-a-glance views of important customer and vendor details. Users can also take advantage of the power of QuickBooks Connect, a new service that lets small businesses access key QuickBooks data remotely via the Internet or a mobile device. Additionally, as with previous versions, QuickBooks 2011 helps small business owners stay organized by allowing them to have their business information in one place.

A simplified startup process makes it easier and faster for new small businesses users to get up and running in QuickBooks 2011. New this year, the Quick Start Center guides users through installation and lets them import business contacts directly from their Gmail, Yahoo or Hotmail webmail accounts. The center also recommends first steps to populate a new user’s account with key information to start quickly.

Quickbooks 2011 gets better!

Press Releases

QuickBooks 2011 Saves Small Businesses Time in the Back Office New Version Provides Faster Access to Data, Increases Efficiency and Enables Access to Essential Information On-the-Go MOUNTAIN VIEW, Calif. – Sep. 07, 2010 – Small businesses will find more ways to save time with the latest version of best-selling QuickBooks®financial software from Intuit Inc. (Nasdaq: INTU). QuickBooks 2011 includes several new features that help small business owners find important data quickly when they need it, perform everyday tasks more efficiently and access essential business information remotely. The software goes on sale Sept. 27. Would you like help with Quickbooks or other accounting needs? http://woodardaccounting.com/ Read more http://about.intuit.com/about_intuit/press_room/press_release/articles/2010/QB2011SavesSmallBusinesses.html

Quickbooks is now on MAC

Press Release

QuickBooks 2011 for Mac Boosts Productivity; Helps Small Businesses Scale as They Grow New Features Save Time, Enhance Customization MOUNTAIN VIEW, Calif. – Sep. 07, 2010 – Small business Mac users will be able to save more time thanks to new multi-user functionality in the latest release of QuickBooks financial software, from Intuit Inc. (Nasdaq: INTU). QuickBooks 2011 for Mac gives small business owners powerfu Preview l tools with the simplicity they expect from a Mac product. Available Sept. 27, the software can grow with the user’s business, make everyday tasks easier, and create customized business forms and reports. The software meets the needs of expanding small businesses with new multi-user options and the ability to set user permissions - the most-requested features by previous QuickBooks for Mac users. With the ability to delegate important accounting tasks to others in the company, small business owners can focus on driving their businesses forward. QuickBooks 2011 for Mac also features new reports and tools to help users track job-related mileage so they can claim the tax write-offs they deserve. Users can also customize reports and forms to reflect their brands and to show the exact data they need to show. Woodard can offer you more information on Intuit systems http://woodardaccounting.com/ Rest of the press release http://about.intuit.com/about_intuit/press_room/press_release/articles/2010/QB2011ForMacBoostsProductivity.html

Organizing your receipts

Tax time is stressful, here is an easy way to organize.

• Make a list of all of the deductions that you take for your business.
• Check with your accountant or financial person to see if you forgot any deductions. These are some of the common categories for deductions: Advertising/Marketing, Cell Phone, Credit Card, Donations, Insurance, Office Expenses, Books/Magazines, Professional Services, Professional Dues, Training/Seminars, Travel, and Taxes. I also include a compartment for Mileage and Income. You may have more or different categories.
• Buy an accordion file folder with the alphabet labeled. You will not use the letters but will instead create labels according to the names of the deductions you have chosen.
• Label them in alphabetical order. It is easier to file receipts this way.
• Place the file folder in a file cabinet next to your desk if possible.
• When it is time to do your taxes, total each category and take the information, along with the back-up receipts, to your accountant.

Contact us for more tips and help with your accounting needs http://woodardaccounting.com/

Full article http://smartwomanonline.com/feature/2009/05/create-a-system-to-organize-receipts-for-next-years-taxes/

No excuse for shoe boxes

Today, there's simply no excuse for using the "shoe box" method for storing receipts. There are countless resources for the small business owner or entrepreneur to help keep track of what comes in, and out.

We can help http://woodardaccounting.com/

Tip and tricks

• In a complete transaction in a double entry bookkeeping system, the sum of the credits must equal the sum of the debits for the transaction to be in balance.
  
• Needless to say, keeping up–to-date records of all financial activities in your business is one of the most important accounting tips you need to follow diligently. This includes payroll, bills, profits and expenses. When you keep these facts current, it will help you a lot during tax time.
  
  For more information or for help with your companies accounting needs contact us
  http://woodardaccounting.com/accounting.html