Archive for the ‘Reporting’ category

Accountant 2012 recap webinar recording

January 9, 2013

If you missed yesterday’s webinar that featured the biggest features QuickBooks Online released over the last year and how to use them, check out the recording here.

I know some folks do have trouble getting the recording to work, and I have tried to call GoToWebinar about this matter. They recommended that you call them directly if you experience any problems: 800 263 6317.

Here are the slides I shared, if you want to print them and take notes.

 

Enjoy!

Accountants: get ready for the new year, attend our January webinar!

January 2, 2013

Now is the time to catch up on the major improvements in QuickBooks Online from 2012 and prepare to sign up clients for 2013! This webinar, which is taking the place of our monthly release webinar this month, is hosted by a QuickBooks Online product manager and will cover some of the best new features and will leave plenty of time for Q&A so you’ll feel ready to get your clients up and running on QuickBooks Online this year. We’ll be covering:

  • Downloaded Transactions (the new and improved Online Banking experience)
  • Income List and Money Bar
  • Multiple sales tax rates (as well as some recent improvements to this feature)
  • QuickBooks Online Accountant version
  • Improved conversion from QuickBooks Windows to QuickBooks Online
  • Some other improvements that make a big difference, including
    • Reporting improvements
    • 1096 printing
    • Attachments to sales transactions

The webinar is not to be missed, so join us this Tuesday, January 8 at 11am PST (2pm EST). Click this link to register: https://attendee.gotowebinar.com/register/4143620967378554112

Accountant release webinar recording

October 19, 2012

Hi folks,

As promised, here’s the recording of the release webinar for accountants that we held a little over a week ago: https://attendee.gotowebinar.com/recording/7708654377811526144. I’ve also put the slide deck here: Release webinar slide deck

There’s a great post on sales tax (right before this one), so I highly recommend you check that out if you have any questions after the webinar. Hope to see you at the next one in November!

Accountant release webinar for October

September 27, 2012

Hey there, accountants! Don’t miss this month’s release webinar, which will be held before the actual release so we can help you be the QBO expert for your clients.

Why don’t you want to miss it? We’ll be talking about a couple small reports enhancements specifically designed to make your lives easier as well as new and improved sales tax! We will also record the webinar in case you can’t make it, so check back after October 11th for the recording.

As always, I will take Q&A at the end of the session to make sure you feel great about using the new functionality and showing it off to your clients.

Here’s the info:

Oct. 9 at 11am PST (2pm EST)

You must register to attend: https://attendee.gotowebinar.com/register/7386166517278105344

I can’t wait to see you there!

Need your feedback to improve Quickbooks Online Reports feature

January 31, 2012

Update: Thank you for the overwhelming response.  We have now closed the survey.

In order to improve the current Reports feature in Quickbooks Online we would like to solicit feedback from current users.

If you are a current user and have 5 minutes to give us feedback, please fill out a short survey.

Survey: http://survey.intuit.com/survey/survey_start.cfm?x=12321&y=1710

Thank you,
Quickbooks Online Team

Changes to 1099-Misc Preparation in Quickbooks Online

December 30, 2011

An early Happy New Year to all of our readers. I wanted to highlight a few changes to our 1099-Misc preparation workflow in preparation of filing season.

1099k

The IRS has issued new reporting requirements for tax year 2011 1099-MISC form. These requirements will exclude some forms of payments from the 1099-MISC form that will instead be reported on the new third party form 1099-K.

If you’ve made payments to vendors in tax year 2011, you’ll only need to report certain types of transactions and exclude others.

What does this mean to you?

  • Payments to 1099 vendors made via credit card, debit card, or third party system such as PayPal will be excluded from the 1099-MISC calculations.
  • On the Prepare 1099-MISC screen…
    Image
  • Navigate to the the Prepare 1099 Forms preview.  Note the column titled Total 1099 Payments Excluded. You can click on the total in this column to see an Excluded Payments by Vendor report which shows transaction details.  This report can help you verify if payments should indeed be excluded.
    Image

For additional information on the new IRS requirements please visit the links below:

eFile

Prefer to electronically file your 1099 forms?

Well, you’re in luck! Intuit’s 1099 E-File Service allows 1099 forms to be filed electronically. For more information about the 1099 E-File Service, see this web page: http://payroll.intuit.com/support/kb/2000864.html.

Want to give it a try?

You can sign up for the E-file service here: https://onlinepayroll.intuit.com/welcome/1099.jsp

Thank you,
Quickbooks Online Team

Trends: “Small Businesses more Profitable after 2009 Recession?”

March 2, 2010

As consumers and businesses pulled the purse strings tighter during the trying economic conditions of 2009, conventional wisdom says small businesses everywhere felt the effects on their bottom line.  In fact, our own data tells us that small businesses did take a revenue hit.

Looking broadly across all QuickBooks Online industries, 2009 small business revenue was down by more than 10%.

However, there’s a twist.  It seems the tough times have caused businesses to become wiser about managing their expenses.  Looking at the same broad data set across all industries, 2009 expenses declined by 12%, leading to a 2% increase in profit margin over the same period in 2008.

Effectively, small businesses were more profitable overall due to their ability to contain spending in the face of declining revenue.

How did your small business fair during the trying economic conditions of 2009?  Does this analysis hold true?  What actions did you take to remain profitable?  Please post your comments below.

For QuickBooks Online users: To explore how your business compares to your specific industry, visit Trends from the Company Snapshot page under Reports.

Trends uses aggregated and anonymized QuickBooks Online data to compile stats across over 100 industries to gain insights into the health of small businesses.  (Image from the Trends Application in the Intuit Workplace App Center http://workplace.intuit.com/AppCenter/)

Year end guide from QuickBooks (for the hard stuff)

January 24, 2010

The end of the year means a lot of things.  Taking down Holiday decorations, renewing a gym membership…and taxes. We just told you about the Turbo Tax (we do it for you) option. But…you can (and probably should) be aware of what has to be done and by when.

Check out the End of the Year guide to help you through these sticky questions.  And if you have gone through this, or have questions, please leave them in the comments.

You have to be logged into QuickBooks Online to see this!

Actionable money insights for your business

September 30, 2009

A critical priority for QuickBooks Online product development is to provide actionable “money insights” for small business owners.  The idea of “money insights” is a theme across a lot of the work we’re doing in the product development and engineering teams.

We began this journey by helping answer some basic questions for small business owners:

  • What is my income?
  • What are my expenses?
  • Who owes me?
  • Who do I owe?

We received some good feedback about the pie charts in the Company Snapshot report and we’d like to learn more about the insights that matter to you the most.

  1. Are there insights that can help you manage your expenses better? Would you like us to integrate with other solutions that you currently use?
  2. Are there specific insights around cash coming into your business or cash going out that can help drive better decisions and improve your cash position?

Below are two screen shots of some of our money insights available in the Company Snapshot section of our Reports in QuickBooks Online.

quickbooks online company snapshot

income-pie-chart

Please continue providing your invaluable feedback. Our engineers would love to hear from you directly on how we can innovate and help you save time, save money, and make more money.

Suchi Upadhyayula

About Me: I’m part of the QuickBooks Online product engineering team and am a self-professed web-junkie (love the internet).  You can generally find me on a mad dash to the local Starbucks to feed my mid-afternoon caffeine addiction.

New Reports Feature: Company Snapshot

August 10, 2009
qbosnapshotincomeqtrlyQuickBooks Online has an extensive set of reports ranging from traditional financial statements like the Income Statement and Balance Sheet to detailed transaction-level reporting.  These reports are primarily designed to help businesses and their accountants with tax preparation, reporting, and audits.  One of the newest features we’ve added to QuickBooks Online is the Company Snapshot, which uses the same financial data that these reports offer but displays it in a more intuitive visual layout.  The goal of the Company Snapshot is to help business owners get a quick view of their businesses finances in a way that helps them save time and make business decisions.
The Company Snapshot displays your company’s revenues and expenses in year over year comparisons, breaks down data in a pie chart format, and even pulls data from your accounts receivables to show which customers owe you the most.  One of my favorite parts of the Company Snapshot is the monthly expense comparison shown below, which displays each month’s expenses with a year-over-year comparison.  This chart is a great way to understand how your company’s total costs are trending overtime and judge your success in keeping expenses down.  This is actually similar to what I used to do in Excel to understand expense trending, but now have no need for it because I can see it in the reports section.
The Company Snapshot isn’t a replacement for financial statements—it’s a different view of the same data, making it easy to make monthly and yearly comparisons.  Let us know what you think or if there is any other data you’d like to see in this graphical format.

QuickBooks Online has an extensive set of reports ranging from traditional financial statements like the Income Statement and Balance Sheet to detailed transaction-level reporting.  These reports are primarily designed to help businesses and their accountants with tax preparation, reporting, and audits.  One of the newest features we’ve added to QuickBooks Online is the Company Snapshot, which uses the same financial data that these reports offer but displays it in a more intuitive visual layout.  The goal of the Company Snapshot is to help business owners get a quick view of their businesses finances in a way that helps them save time and make business decisions.

The Company Snapshot displays your company’s revenues and expenses in year over year comparisons, breaks down data in a pie chart format, and even pulls data from your accounts receivables to show which customers owe you the most.  One of my favorite parts of the Company Snapshot is the monthly expense comparison shown below, which displays each month’s expenses with a year-over-year comparison.  This chart is a great way to understand how your company’s total costs are trending overtime and judge your success in keeping expenses down.  This is actually similar to what I used to do in Excel to understand expense trending over time, but now have no need for it because I can see it in the reports section.

The Company Snapshot isn’t a replacement for financial statements—it’s a different view of the same data, making it easy to make monthly and yearly comparisons.  Let us know what you think or if there is any other data you’d like to see in this graphical format.

YOY- Expense - Quaterly

YOY- Income - Monthly

Will Hambly

About Me: I am on the QuickBooks Online product marketing team and like to drink good coffee, go running, and play guitar.


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