August 20th, 2010
Posted By lacrews
We are proud to be fully certified on a revolutionary product called Method Integration. Method Integration is a powerful set of customizable web apps linked to QuickBooks. It extends QuickBooks forms and data fields to the web for anywhere access to your data. Sync your customers, vendors, employees, and financial transactions in real time to the web. Add to QuickBooks data by building new tables and adding new fields to your QuickBooks data that doesn’t already exist in QuickBooks. Share access to your data with customers, vendors, or employees through web portals. The certification process involved comprehensive training and testing on the software.
Contact us if you are interested in talking more about the capabilities of the program or would like to sign up for a free trial Method account. We will help you through the entire process of obtaining a Method account and performing any customization to fit your company’s processes.
Tags: certification, certified, free trial, method, method integration, QuickBooks, web apps, web portals
Posted in QuickBooks, Real Life Business Issues, method integration
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August 16th, 2010
Posted By lacrews
Ever have an employee tell you that they lost their paycheck? If it were a vendor check, you might reprint and void the check in QuickBooks. However, this being a paycheck, it’s not as straighforward a process as this.
Paychecks have payroll tax liabilities calculated within them, and voiding a paycheck could upset your payroll tax reporting. After due diligence to confirm with your banking institution:
1. Find the employee’s lost check in the QuickBooks check register and open it up to see detail
2. Write down the following info: employee name, date of paycheck, net amount of paycheck, and check number
3. Check the “To Be Printed” box in this paycheck screen (Reference the old check number & date of reprint in your memo)
4. Select “Print” along the top of the paycheck screen (remember to verify the next check # in your sequence!)
5. After re-printing the paycheck with the new check number, go to “Write Checks”
6. In the “Write Checks” window, enter all the information you wrote down in step # 2 above
7. in the Memo portion of this new check, identify that this entry (that now has the old/lost #) was added after re-issuing the lost paycheck. Reference both check numbers in the memo portion.
8. Record, then Edit>Void this same check making sure to retain the memo information (steps 7 & 8 could be done simultaneously)
Tags: lost paycheck, paycheck, payroll tax, QuickBooks, reprint check, tax liabilities, tax reporting, void check
Posted in Quick Tips, QuickBooks, Real Life Business Issues
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August 12th, 2010
Posted By Andrea
Arcade Fire’s “The Suburbs” is the #1 album on iTunes this week. It is rife with themes of independence, non-conformity, self-preservation, and modernism vs. traditionalism. I was expecting to hear more complex music than I did when initially putting the disc into my player. I’m not usually one to analyze lyrical content, but in order to warrant the critical acclaim that follows Arcade Fire around, I chose to do so.
The Montreal ensemble’s opening track, “The Suburbs”, is a surprising composition of akin to Randy Newman’s brand of ragtime. Other early tracks on this CD encourage one’s ability to take a leap of faith, be true to one’s core values, and avoid distraction or derailment of one’s objectives.
The emotional tide turns after that. On “Empty Room”, the energy in the music is contrasted with the hopelessness of the lyrics. Who’d want to live in a “City Without Children”? A favorite of mine is their current single “Month of May”.
“Half Light I and II” admonishes that you can’t go back, either for the sake of your own personal growth or to reminisce. If you did go back, those who remembered you would be operating from their old perspective and not your current evolution. Even Jesus was rejected upon his return to Nazareth in Luke 4:22-30: “no prophet is accepted in the prophet’s hometown.” Win and Will Butler also talk of hollowed out suburban areas as consequence to the market losses that started in late 2008.
As it closes, “The Sprawl I and II” fears losing personal connections and growing detached due to the instant gratification and feedback in this age of 24/7 media and communications. Win Butler should let his wife, Regine Chassagne, be lead singer a little more. Her 80’s new wave vocal breathes life into “The Sprawl II (Mountains Beyond Mountains)”.
Although it may be obvious who Arcade Fire’s musical influences are, they manage to stay faithful to their signature sound. “The Suburbs” takes one on a musical journey of highs and lows, passion and apathy, energy and lethargy. But, all remains hopeful in the end.
Tags: arcade fire, critical acclaim, itunes, jesus, montreal, nazareth, prophet, randy newman, regine chassagne, the sprawl, the suburbs, will butler, win butler
Posted in New Music
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July 30th, 2010
Posted By lacrews
Thanks to our friends at the Center for Nonprofit Excellence for sharing what they know!
Small nonprofit organizations at risk of losing their tax-exempt status because they failed to file required returns for 2007, 2008 and 2009 can preserve their status by filing returns by Oct. 15, 2010, under a one-time relief program, the Internal Revenue Service announced.
Read the full news release
Tags: center for nonprofit excellence, Charity, deadline, internal revenue service, irs, nonprofits, tax filing, tax returns, tax-exempt
Posted in Charity, Real Life Business Issues
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July 23rd, 2010
Posted By lacrews
The Loan Manager feature in QuickBooks helps you track the loans that you’ve set up based on the information in your Long-term Liability and Other Current Liability accounts. When you use the Loan Manager, you can keep track of all your loans in one location and be reminded of upcoming payments.
When you’re ready to add a loan to the Loan Manager, have your loan documents in hand. You’ll need them for the origination date, payment amount, term, escrow amount (if any), interest rate, and other information.
For a new loan, set up a liability account for the loan. When you add the account and lender details, include any information you want the Loan Manager to use for tracking, such as the account number and lender contact information. This information can be found on your loan documents. Be sure that you enter the correct opening balance for the account. Otherwise, you will not be able to set up payments from the loan manager. Set up an expense account for tracking the loan interest. If you need to make escrow payments to the loan, set up an escrow account for them.
Correct set up of your loans in Loan Manager will help you categorize interest and principal payments.
Tags: escrow, interest, lacrews bookkeeping, lender, liability account, loan manager, loan payments, opening balance, principal, QuickBooks
Posted in Quick Tips, QuickBooks
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