Tips & Articles
Whether you’re a small business owner who accepts offline credit card transactions or an internet merchant using an online store, you’ve probably encountered the term ‘PCI DSS Compliance’. In this post we’d like to take you through a high level overview of who comprises the PCI Security Standards Council, what PCI DSS compliance means, and explain the consequences of non-compliance for small businesses. We'll cover the what and how to secure your payment data in more depth in future posts.
I use the Inventory Stock Status by Item report. This report may be run by item or by vendor. There is one column entitled “For Assemblies.” I would like this column deleted from the report.
The next issue is the column entitled “Next Deliv.” These dates are not returning the Due Date that I’m entering on the Purchase Order. How do I get them to show on this report?
Usually I can figure out how to get these reports in the format I need, but I cannot seem to get this one figured out. Can you help me get this report changed?
A big thank you to those of you who attended our QuickBooks Basic Training class in April. For those of you not in attendance, the QuickBooks Basic Training Class is a four-hour event for new and intermediate QuickBooks users. We focus on teaching practical, cutting edge QuickBooks solutions.
In attendance were representatives from the following industries:
"We have a few inventory items that we receive in as inventory, and charge out to a job as the items are given to subcontractors. The inventory items need to be charged to the job at that time. What is the best way to handle this? We don't want to create an invoice, because it is internal it won't be paid."
If you're working hard and not making enough money, job costing can help you identify ways to become more profitable. Simply stated, job costing assigns expenses to a specific job or customer, allowing you to track profitability by job. Plus it works great with QuickBooks and does not require any additional purchase or third-party software. General contractors, manufacturers and subcontractors are probably already familiar with the concept of job costing, but you don't have to be a contractor to use this approach. Most businesses will benefit from the project-based reporting job costing provides. They will also find the ability to track expenses and compare them to estimates and job revenue valuable.
Does My Company Need Advanced Inventory?
QuickBooks Enterprise 2013 has sophisticated inventory management tools that make it easier to count, track, and report on the commodities that make up your business. You can enhance your inventory management by activating the Advanced Inventory add-on, but is it something you really need? Let’s compare the capabilities of the standard inventory and the advanced inventory add-on to decide which best fits your business.
QuickBooks financial will automate certain functions, make reporting more effective, avoid repetitive tasks, and make your business more profitable.
A hidden assumption is that your staff can be just as effective as your accounting software. You won’t see these benefits unless your staff is ready to take advantage of all that QuickBooks has to offer. That’s why it’s important to have a company wide training strategy.
When is Training Required?
Here are a few of the common reasons QuickBooks classes are necessary:
Does your Software Fit Your Business? Or is Your Business Trying to Fit Your Software?
Shouldn’t your accounting and business software adapt to your business and its special needs? QuickBooks Enterprise addresses this issue with an industry specific version just for Contractors.
Let’s take a look at QuickBooks Enterprise for Contractors to see how it is built for your business.
QuickBooks Enterprise for Contractors
This edition of QuickBooks Enterprise has the same basic features of the General Business version plus specialized workflows, reports, chart of accounts, and expert tips designed to meet contactors' needs.
Some of the most useful features of the Contracting edition include:
Are you getting the information you need from QuickBooks in the format you need it? Do you find you must cut and paste to get the data you want? New features in Quickbooks Enterprise 2013, such as enhanced reporting customization, can help you eliminate the hours you spend gathering and compiling information.
Consolidate Financial Reports
If your organization has multiple company files, you can consolidate financial reports from multiple files in one easy step. This feature is exclusive to QuickBooks Enterprise Solutions and will save time and avoid errors - no manual calculations or mistakes.
We have a client in Freeport Bahamas that moved to Enterprise Solutions simply because of this feature. He has 25 companies on the Island and he never could see his companies side by side and in a consolidated fashion. This feature allows him to see this information in minutes.