Business Discussions

A year ago I attended quickbooks connect in San Jose, Calif and was suggested about becoming certified with Quickbooks online and now I have.   How did you get your first client?   I am training now for the Quickbooks Online Advanced Certification 2018.  I do know it takes one step at a time. I am published on the Find A Pro advisor site.   Would love to hear how and when you got your first client.   I am currently working for someone else as an employee and hope to replace my current income with being ProAdvisor with Quickbooks online.   I have a goal of getting it accomplished within 6 years or sooner.  Thanks

I am new to Qb and I have a few co-workers who are farmers and small business owners. They hate doing the books themselves and we were talking about what I can offer them with QuickBooks online and being their book keeper.    But... My question is, how do you justify a price for your service? For the farm co-worker, he said it's a few inquiries a week or month. But for the small business owner, it would be more like a couple hours of work a week or every two weeks.    Also another question would be, can you create a profile and train the people who are the business owners and sell them the account?

  Name: Patricia Spencer Business: Grab Green Location: Camarillo, CA Launched: September 2009   Back in 2006, Patricia Spencer was a soccer mom and a frustrated entrepreneur. Her plan to create and sell an all-in-one kitchen mixer had stalled out because everyone confused her product with a blender. Standing on the sidelines of a game one typical Saturday, Patricia explained her frustration to Michael Edell, a fellow soccer dad. When he asked about her plan B, Patricia mentioned an idea she’d had years before: She wanted to create an effective, non-toxic, eco-friendly laundry detergent. Michael was intrigued. The next day, Patricia arrived at his office with a presentation about the market potential of a natural, safe detergent. They soon decided to work together, and Patricia, a self-described “closet chemist,” set to work to create her dream product. After a year of nonstop testing, she hit on the formula for making the first pod-based detergent in the

I am setting up our Quickbooks account for the first time.  We are currently paying on a loan.  I have found the directions on how to create the liability and assign the payments.  However, it also says I need to enter the loan as a deposit.  The loan money was spent prior to the date of when we started the account.  If I enter the loan as a deposit it is going to create income that we no longer have.

I was at the QB's Connect class and learned about the wonderful world of Zaps.  Just wondering if any of you have created Zaps and how they have worked for you?  Also would love some examples of Zaps you've created to help streamline your processes. 

When I pay our vendor bills, how to apply this to the correct bill as there are many bills with the exact same amount, even from the same vendor? Also, what do I do with the banking section after I pay the bills? Meaning once the payment has posted to the bank and it shows up in Quickbooks. Will it automatically apply to what I have entered? Even if the amount due is the same amount?  Thank you in advance, sorry if this does not make sense! :(

Name: Nick and Lena Kosovich   Business: LeNique Exclusive Designer Dancewear Location: Los Angeles, CA Launched: 1999   Nick and Lena Kosovich have been dancing since they were kids growing up in Australia and Siberia respectively. After meeting on the dance circuit, the couple competed together for 15 years while also building their stellar reputation as competitive-dance instructors, choreographers, teacher-trainers and highly esteemed industry consultants. Nearly two decades ago, when Nick and Lena were living in New York, they started designing and selling one or two dance costumes a month to help pay for their travel expenses. Word spread about their custom-made, rhinestone-bedazzled dresses that were also highly functional and comfortable. Realizing there was great demand for their designs, Nick and Lena launched LeNique so competitive ballroom and Latin dancers, as well as ice-skaters and other performers, could look and feel great in the spotligh

Hi, I have a client with two bank and one credit card account linked to QBO.  All three have been working fine for months until the end of August.  Since about 8/26 or so, the credit card bank feed is incomplete.  It appears to bring over transactions from certain employees' cards, but not from others.  The bank account feeds appear to be working fine.  Anyone else have this problem and/or know how to fix it?  It is a Chase credit card account.

We have several companies that we would like to prepare consolidated Financial Statements for. The problem we have is two fold. First the chart of accounts for each company is different and second each company has due to/from accounts for each other. My question is can the chart of account types be customized?

Hi, I'm Lisa, and I'm new here. I appreciate any assistance folks can offer. I searched for my question, but no luck finding an answer.A client who is also a friend sent me her payment via PayPal this month (not a usual practice, and for atypical reasons). She sent it to my personal account, which deposits to my personal bank account. I need to transfer that payment to my biz bank account and account for it correctly in QB. Is this just as simple as transferring the $$ and then recording it as the client's payment, or is there something more specific I should do?  Thank you!L.

The holiday season can feel like a mad, mad rush. You’ve got orders to fill, packages to ship, family and friends to please and obligations galore. Tell us:   What is your best trick for staying focused and organized during the busy holiday season?   Do you power through without insufficient sleep? Hire help? Order takeout? We hope you’ll share your strategies for success!

Hi There! Is there a way I can provide a receipt through QB to a customer once a payment has been made? 

Wife an I have real estate firm LLC this year we elected to be taxed as an S-Corp and filed all proper paperwork.  I was aware that she would need to take a salary and have been taking regular withdrawals from business account thinking this was sufficient to be considered a salary.  I have also been paying quarterly estimated income taxes.  Now I realize she should have been set up on a payroll and we should have been paying quarterly payroll taxes.  Is it too late to fix this or would if be better to just file to cancel the S-Corp selection and file taxes as LLC this year 

Name: Scott Greenberg Business: Water Rover Location: Irvine, CA Launched: 1998   Like so many great business ideas, the epiphany for Water Rover hit during a walk. Specifically, Stan and Ruth Greenberg were strolling one hot August evening in southern California with their dog, Black Bear. Along the way, they offered Black Bear water from a bottle, but he kept refusing to drink. By the time the pooch decided he was thirsty, Stan and Ruth had used up all the water. Stan, a retired engineer, decided there had to be a better way to keep dogs from dehydrating. He made some sketches for a bowl-and-bottle prototype and showed them to his son, Scott. Scott made a key suggestion – make the corners of the bowl round, not square! – and a product was born. For several years, Water Rover was manufactured in Thailand. Flash forward to today, when Scott is the now the proud owner of the company, and Water Rover is made in the United States. That’s just one more reason animal lovers rave about

I've tried to do some research but I am utterly confused.  I am reselling products on Shopify that are primarily fulfilled and shipped out of China.  Do I need to collect sales tax in states other than where I'm domiciled?  (do I even need to do that?)  I'm excited about my new store and want to make sure I'm going about this correctly...  I know I should also ask my accountant but I'm hoping someone in this forum has been there - done that and can share.

I have used Quickbooks for many years (almost 30)...both for my husband's business and as the finance director at our church. At church, the program has gone through many hands so we have old accounts and vendors in the system that are no longer used. I can't delete them because they still have old information attached. I would like to have a back up of all of our years on quickbooks but then start over like 3 years ago to use this as history but be able to start over with accounts and vendors. Does this make sense? Can it be done?

I just added an account to our QB, how do I view it as I still only see the checking, I added a savings and need to start moving things around?  Thank you so much in advance!

A customer has paid partial of his invoice, how do I apply the payment? Also we are waiving the rest of the amount due, how to I wave the remainder so the books are even? 

we are a painting contractor and we take deposits prior to the work being done. I just ran a profit and loss for a previous month and some deposits were made during that month yet the job didn't complete till september and beyond.  so all these deposits were UNAPPLIED CASH PAYMENT INCOME, but when i change the receive date to when the job was done and paid it cleared that money out of the UCPI.....how can I receive deposits and not have this happen everytime? 

Hi,I am sure I am not the first one to ask this but I need some advice. We started a small tech company in 2016 and since I (engineer) was tasked with accounting, HR/Benefits and other tasks outside my comfort zone, I picked QB's online, signed us up for Trinet for HR/Benefits and hired an accounting firm to check monthly what I do is correct and never looked back. But now, with us (we sell consumer non subscription, small business subscription and enterprise subscriptions software having grown and having more investors, I am running into issues and I need some advice if people here feel QB apps can help or if it might be time to get a larger tool like netsuite or Intacct maybe.Here are the problem. 1. I have excel sheets that get longer and longer to track vendor amortization and also corporate revenue recognition/deferred revenue. These sheets get more and more complicated since we have hundreds of large customers now who add to subscription, renew early, etc. &nb

  Name: The Dvoracek siblings: Kathy, Frank and Joe Business: Three D Traffic Works Location: Burbank, CA Launched: 1999   It’s no exaggeration to say that Kathy (Dvoracek) Trumbo and her brothers, Frank and Joe, have been immersed in the injection molding business pretty much since birth. Their dad started his own custom molding company in his garage in the 60s, and Kathy and her siblings – also known as the “Three Ds” – earned pocket money by separating boxes of parts. (Fun fact: When the plastic skateboard craze hit its heyday in the 70s, the company made 30 million urethane wheels and 7 million boards!). As adults, Kathy, Frank and Joe decided to start their own injection molding company, just down the street from their dad’s operation.   The Three Ds designed and produced everything from landscape drainage lines to a popular plastic folding sawhorse until forming the Three D Traffic Works division in 1999. Now, Kathy and the team create a propri

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Inspired by @201192. There’s always a cost associated with learning new tools and systems. Do you price for this curve? And so you let the client know?

As my business partner and I prepare to launch our business, we're also narrowing down on how we want to go about funding the big start-up costs. We are very interested in crowdfunding, but we don't want to be stuck with the tax bill on income generated from kickstarter sales (that is, of course, if we do a product exchange for the backers). We're thinking about going the nontaxable gift route on kickstarter and not give away products. We understand (from some of our research) that there's a rule around if a backer were to donate $14,000+ that it could then be subject to the gift tax. However, is that rule applied only if one individual were to donate $14k? Or, does it apply if we raise $14k in donated funds? I know I can't really receive tax advice here, but I'm wondering if anyone can give a clear answer to this option and maybe some things to consider.  Thanks in advance! 

I am a opening a mini call center using the Arise platform. Each contractor has to pay service fees to utilize the platform. I have payroll and was looking to offer direct deposit. When entering payroll in quickbooks online, I notice that there is not a way for me to add a line item for contractor fees. How do I input this? Should I submit the direct deposit and then keep track of full transaction details under expenses --> vendor?