The Benefits of QuickBooks Enterprise For Your Business

By Gary Farrell

Whether large or small, no matter what you sell, your business needs an accounting program that is reliable and accurate, allows for simple generation of reports and is highly functional. Enterprise Solutions from QuickBooks, designed for growing businesses, has the capabilities and flexibility to meet your business’ unique needs as it grows – and it could save you thousands in up-front and ongoing system costs.

QuickBooks Enterprise provides the key functionality you need with incredible ease of use. If you are a business owner or manager exploring the available solutions for improving the financial flow of your work, here are just a few reasons why you should consider this product.

Business Growth Support: QuickBooks Enterprise lets you scale up to 30 simultaneous users as your organization grows. Flexibility: The software is designed to work the way you work, so you don’t have to change your current business processes. This program lets you customize any of its 120+ built-in reports and forms such as estimates and invoices to look and work the way you want. Instant Access: Get real-time, instant access to the information you need to know about your business, when you want it and in the format you want it in, from Enterprises’ 120+ built-in reports, such as Forecast Overview, Forecast vs, Actual, Profit & Loss Budget Performance, and A/P Aging Detail. Functionality: Enterprise Solutions delivers all of the key financial management and accounting functionality you would expect from a sophisticated solution, including: G/L, A/P, A/R, Payroll, Fixed Assets, Job Costing, Budgeting and more.

Consult with a local QuickBooks business advisor today to learn more about migrating your current records to the flexible and manageable QuickBooks software solution.

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We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our QuickBooks services; or to set up a free consultation telephone call.

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Does Your Small Business Need an Outsourced Financial Controller?

By Tim Garrison

Many small business owners launch their business to follow a passion, whether that passion is writing, programming, Web design, art, sound & video, or any number of other industries. Your business begins to grow by word-of-mouth and soon, you’re hiring employees or independent contractors to take over part of your responsibilities rather than doing it all yourself.

Somewhere along the line, you grow large enough to hire a small business bookkeeper. Until now, you’ve managed your books yourself, either through QuickBooks or another bookkeeping software, or some system that you’ve devised yourself. Now, you’ve just gotten too big for this system to work anymore.

You hire a bookkeeper who understands financial accounting software and can manage your books on a full-time or part-time basis. This person could be an in-house employee, or maybe a local contractor. Or maybe you’re one of the growing number of smart business owners who hires an outsourced bookkeeper based in the U.S. who works virtually and communicates with you via phone and email.

Things go along well, but now that you’re not doing your own books anymore, you feel a bit out of touch with your company’s broad financial picture. Your bookkeeper can send you the reports and spreadsheets, but it doesn’t always make sense. You need someone to interpret all those numbers in boxes for you. Most importantly, you’ve grown large enough that you need a trusted financial advisor with the knowledge to help you make the best decisions for your rapidly growing business.

If you know anything about financial controllership, you might think a full-time financial controller comes with a 6-figure salary. And you’re probably right. Your business doesn’t have the budget for that — and it’s not what you need anyway.

You just need someone on a part-time basis to review your books with you monthly, provide checks-and-balances for your in-house or outsourced bookkeeper, and help you with financial planning and budgeting on a monthly or quarterly basis. If you think you can’t afford a financial controller, think again. Outsourced controllership services are less expensive than you may think, and will save your business money in the long run with better financial planning.

You may be concerned that, by hiring an outsourced controller, you’ll be giving up “control” of your company. That couldn’t be further from the truth. A financial controller provides you with the information you need to make the best decisions for your company — but all decisions remain yours. A financial controller doesn’t “control” your business. As a trusted advisor, he gives you the information you need to be more in control of your company.

Article Source: http://EzineArticles.com/7114727

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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth. The move to part time, on call, and virtual services has become more accepted in the business world over the past few years. For a fraction of the cost of a full time employee, a small business can have the Controller / CFO function filled by an experienced professional.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our CFO and Controller Services.

imagesRMWHBYUM

dyn gp

Alignment – A Foundation For Lasting Revenue Growth

Your ability to win or lose more business is about alignment – configuring and calibrating key aspects of marketing and sales execution to optimize revenue growth. What this asserts is that the extent to which the organization consistently meets revenue targets is directly proportional to the degree of alignment between the organization’s parts and its strategic priorities.

Sustaining top-line revenue growth is an ongoing challenge for most companies. It’s no secret that one of the most critical challenges facing every 21st century organization is consistently delivering against the #1 driver of long-term company success-top-line revenue growth. Over the past decade of working with CEOs to design and deliver better long term revenue performance, I’ve seen and see, that those unable to sustain success routinely lack much of a coherent or comprehensive plan. Moreover, their teams have little understanding of how it all comes together and what their roles are, and/or the sequencing of events in achieving future plans.

When it comes to alignment, perception and reality often differ. That said, most executives think their companies are aligned. Over the past few months, they’ve put plans in place to align the organization and focus their resources to achieve maximum growth. They’ve organized a series of group and one-on-one meetings throughout the organization to communicate key initiatives, priorities, and growth expectations and get everyone on the same proverbial page. They sincerely believe that they are leading well-aligned companies, with all members of the management team and every employee clear on the rationale behind the strategic plan and their own priorities and accountabilities to support the plan, with specific time frames articulated.

But the facts tell a different story.
• 85% of executive teams spend less than one hour per month discussing strategy. (Norton)
• 54% of executives say that company’s capabilities do not reinforce one another (Booz@Co.)
• Two-thirds of support units are not aware of corporate strategy or aligned with their own business unit’s strategy. (Norton)
• 60% of organizations don’t link budgets to company strategy.(Norton)
• 95% of employees claim they are not aware of company strategy.(Norton)

It’s clear that organizations may not have their resources as well aligned as they think. Managers would do well to ask themselves and their teams the following questions:
• Are we all synchronized and systematically working towards the same objective-driving healthy revenue growth.
• Do we know the big picture and where we individually and collectively fit into that process?
• Are we clear on the critical factors that drive growth, there dependencies and that we’ve providing proper context for daily decisions being made in support of those objectives?

Without alignment, it’s difficult-if not impossible-for workers in an organization to have context for the decisions they’re making. Alignment and context allow an organization to move confidently beyond its current state to its future desired state.

Alignment is such a simple concept; why is it so difficult to achieve? The importance of aligning the team is hard to dispute, and it seems logical and obvious. But when you consider that strategy is set by very few, maybe once or twice a year, yet the real work is done over a long stretch by many who weren’t in those strategy meetings, you start to see the issue. The workers who ultimately carry out the mission have little understanding about how that strategy was reached, and they had no input on whether they think the strategy is plausible given the reality of resources, budgets, and competition they see out in the field. The result is that most do not have proper context for making good decisions in their daily work.

When you think of all the possible decisions that are made daily, one or two bad calls might appear to have little impact in the overall scheme of things. Most leaders may never be aware of these tactical decisions, or only find out about them when review meetings take place after the fact. But collectively, over time, decisions made outside the context of the organization’s overall direction will drive inconsistency and have significantly negative impact, with little opportunity to recover. This can result in confusion and unnecessary chaos, ultimately reducing the odds for success while driving down productivity and draining morale.

Alignment can be the difference between business success and failure. CEOs struggle each day with new challenges and increased complexity both within their companies and in the external environment. The percentage of companies that have consistently achieved even a modest rate of growth of over 5% for 10 years or more has continued to drop, and the business environment isn’t getting any easier.

Why do some companies succeed where others fail? When you think about it, all companies have the same basic ingredients: unique products or services, value propositions, a marketing budget, managers, leaders, people, buildings, metrics, etc. But, within each organization, the system can’t perform to its highest levels unless its constituent parts are aligned.

Think of professional sports teams. They all have the same ingredients: players, managers, owners, equipment, stadiums, playbooks, the best athletes, etc. Each is a system that is trying to become more successful than its competitors. What brings success? Alignment of the constituent parts. This rule applies equally to championship sports teams, Ferraris, and corporations. For the latter, it means developing and implementing a strategic framework that is translated into specific objectives and measurable initiatives. This framework galvanizes, links, and governs the entire organization, bringing more consistent and repeatable high performance.

Hitting your revenue growth expectations is proportional to your team’s degree of alignment. What becomes paramount is how well the organization can become aligned in order to move faster, make better decisions, and ultimately win more than the competition. This will allow leaders to more successfully align and optimize the collective resources to achieve key initiatives. This is a critical step in becoming more consistent in winning more than your competitors and, as such, should be a managed and formalized process that executives focus on for the long haul.

Article Source: http://EzineArticles.com/7488684

We provide remote cloud based Accounting and Accounting Management services for users of Intuit QuickBooks Enterprise / Desktop / OnLine, Microsoft Dynamics GP, Passport Business Solutions, including Entries, Inventory, Consolidations, Payroll, Analysis, Reconciliations, Budgeting, and Financial Reporting.

We provide these services on an hourly / part time / as needed or project basis, to include Accounting, Distribution, and Reporting functions; remotely or on your hosted systems.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation experience (including QuickBooks, Intuit, Enterprise, Passport, Dynamics, Great Plains, RealWorld, Peachtree, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software), as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons.

Peter DeSmidt‘s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

We are headquartered in the Tampa Bay area; the majority of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

View our testimonials www.desmidtconsulting.com/testimonials.html

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced And Enterprise ProAdvisor

QuickBooks Certified Online ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Microsoft Great Plains Authorized Real World Consultant

Microsoft Certified Small Business Manager Consultant

Contact us to inquire about our CFO, Controller, Accounting, Dynamics GP, Passport, or Intuit / QuickBooks Services.

 

Intuit QuickBooks Desktop Enterprise – We Provide Remote Accounting Services In Your Hosted Environment

After serving the needs of small businesses for over 10 years, Intuit identified a need to better serve small to medium sized businesses growing in size or complexity. QuickBooks Desktop Enterprise was designed specifically with these businesses in mind.

QuickBooks Desktop Enterprise is the most flexible QuickBooks that adapts to the way you run your business. It scales from 1 to 30 users with everything you need to manage your users and data properly. Its add-on modules cater to your specific workflow needs.

With QuickBooks Desktop Enterprise you can:

  • Get room to grow without sacrificing control over user access.
  • Keep your growing data history to provide the best possible financial data about your business.
  • See your data the way you want with the most customizable reporting tools in QuickBooks.
  • •Manage your end-to-end workflow inside QuickBooks Desktop Enterprise.
  • Access Enterprise any way and anywhere you want, anytime.
  • Let users work at the same time with more activities in multi-user mode.
  • Add monthly Hosting Service to run your Enterprise in the cloud, and connect all your users and get anywhere, anytime access with no network to set up or maintain.
  • Combine reports from multiple company files for clearer business insights.
  • For more complex reporting needs, you can create custom reports with ODBC-compliant applications9 by connecting directly to the QuickBooks database for maximum flexibility in report design.

We provide remote cloud based Accounting and Accounting Management services for users of hosted Intuit QuickBooks Enterprise / Desktop / OnLine, Microsoft Dynamics GP, Passport Business Solutions, including Entries, Inventory, Consolidations, Payroll, Analysis, Reconciliations, Budgeting, and Financial Reporting.

We provide these services on an hourly / part time / as needed or project basis, to include Accounting, Distribution, and Reporting functions; remotely on your hosted systems.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation experience (including QuickBooks, Intuit, Enterprise, Passport, Dynamics, Great Plains, RealWorld, Peachtree, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software), as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons.

Peter DeSmidt‘s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

We are headquartered in the Tampa Bay area; the majority of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

View our testimonials www.desmidtconsulting.com/testimonials.html

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced And Enterprise ProAdvisor

QuickBooks Certified Online ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Microsoft Great Plains Authorized Real World Consultant

Microsoft Certified Small Business Manager Consultant

Contact us to inquire about our CFO, Controller, Accounting, Dynamics GP, Passport, or Intuit / QuickBooks Services.

 

Intuit QuickBooks Desktop Enterprise – We Provide Remote Accounting Services In Your Hosted Environment

After serving the needs of small businesses for over 10 years, Intuit identified a need to better serve small to medium sized businesses growing in size or complexity. QuickBooks Desktop Enterprise was designed specifically with these businesses in mind.

QuickBooks Desktop Enterprise is the most flexible QuickBooks that adapts to the way you run your business. It scales from 1 to 30 users with everything you need to manage your users and data properly. Its add-on modules cater to your specific workflow needs.

With QuickBooks Desktop Enterprise you can:

  • Get room to grow without sacrificing control over user access.
  • Keep your growing data history to provide the best possible financial data about your business.
  • See your data the way you want with the most customizable reporting tools in QuickBooks.
  • •Manage your end-to-end workflow inside QuickBooks Desktop Enterprise.
  • Access Enterprise any way and anywhere you want, anytime.
  • Let users work at the same time with more activities in multi-user mode.
  • Add monthly Hosting Service to run your Enterprise in the cloud, and connect all your users and get anywhere, anytime access with no network to set up or maintain.
  • Combine reports from multiple company files for clearer business insights.
  • For more complex reporting needs, you can create custom reports with ODBC-compliant applications9 by connecting directly to the QuickBooks database for maximum flexibility in report design.

We provide remote cloud based Accounting and Accounting Management services for users of hosted Intuit QuickBooks Enterprise / Desktop / OnLine, Microsoft Dynamics GP, Passport Business Solutions, including Entries, Inventory, Consolidations, Payroll, Analysis, Reconciliations, Budgeting, and Financial Reporting.

We provide these services on an hourly / part time / as needed or project basis, to include Accounting, Distribution, and Reporting functions; remotely on your hosted systems.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation experience (including QuickBooks, Intuit, Enterprise, Passport, Dynamics, Great Plains, RealWorld, Peachtree, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software), as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons.

Peter DeSmidt‘s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

We are headquartered in the Tampa Bay area; the majority of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

View our testimonials www.desmidtconsulting.com/testimonials.html

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced And Enterprise ProAdvisor

QuickBooks Certified Online ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Microsoft Great Plains Authorized Real World Consultant

Microsoft Certified Small Business Manager Consultant

Contact us to inquire about our CFO, Controller, Accounting, Dynamics GP, Passport, or Intuit / QuickBooks Services.

 

When You Need Accounting or QuickBooks Help for Your Business

By Desirae Washington

If you have recently started a business or have been in business for a while and are now in need of bookkeeping or QuickBooks help, it may be time to seek the help of an experienced and qualified professional. You may attempt to do you own bookkeeping or fix problems related to your QuickBooks file yourself, but at some point this may do more harm than good and the money you saved is suddenly not worth the hassle. There is no reason that you can’t take care of your own books as long as you have the necessary training and time on hand. You also have to take into consideration the dreadful nightmare if your unorganized books result in an IRS audit of your tax returns. Your accounting system must be well-kept so that you know how profitable your business is doing and that your tax returns are prepared accurately.

When you encounter one of the issues below, it is time to get bookkeeping help or QuickBooks help for your business.

You have started to pay yourself or your employees and now have payroll taxes to pay and payroll forms to file.
You can’t tell which expenses are ordinary, necessary and reasonable for tax purposes.
Your bookkeeping system does not provide a clear picture of income and expenses.
Your QuickBooks file has general ledger errors resulting in inaccurate tax data.
Your profit margin does not look accurate.
You have a headache from your own bookkeeping.

If you are a sole proprietor, you do not need to hire employees and pay payroll taxes. If your business is a corporation, partnership or LLC and has decided to add employees, one of the most important procedures becomes processing payroll and paying payroll taxes. You will need an EIN, to withhold taxes from employees, pay employment, unemployment and social security taxes. You will file quarterly and years payroll taxes as well as year-end W2 forms. This can be a daunting task if you decide to do it on your own. You may want to seek a payroll company, professional accountant or bookkeeper to process your payroll to avoid costly mistakes.

One of the main reasons business are audited by the IRS is due to improper classification or deduction of expenses. If the expense is not ordinary, necessary and reasonable for tax purposes, you may face an audit from the IRS. Personal expenses should always be kept separate from business expenses and should never be included on your business tax returns. You have to be able to back up and justify each and every business expense deducted.

If your business QuickBooks file is not setup properly, your general ledger accounts may cause a problem with bookkeeping and tax preparation. Getting a Certified QuickBooks ProAdvisor or Accountant to provide QuickBooks help and bookkeeping help before your business tax returns are prepared could help you avoid costly mistakes. Your income and expense must be properly categorized to generate accurate financial statements and tax returns.

Your accounting system should provide a very clear picture of the business income and expenses. If you know your business made profits for the year, but your QuickBooks accounting file is showing no profit or a loss, there may be a problem that needs to be researched and fixed. You should not attempt to fix the problem yourself if it would get your books into a further mess. Get QuickBooks help to determine if your books are setup properly and all income and expenses are flowing to the proper accounts. This is detrimental to proper tax return filing.

If you are just fed up with doing your bookkeeping yourself and the headache is just not worth it, it is time to hire a professional bookkeeper or accountant so that you can focus on growing your business and other important areas of business management. If you can’t afford to hire a full-time bookkeeper, you may want to look into part-time bookkeeping and accounting help from an outside company that specialize in bookkeeping and QuickBooks help. A Certified QuickBooks ProAdvisor can provide such as QuickBooks review, QuickBooks setup, QuickBooks quarterly tune-up and QuickBooks training if you wish to continue doing your own books but need to learn the basics to produce accurate books and tax returns.

Article Source: http://EzineArticles.com/7375127

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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth. The move to part time, on call, and virtual services has become more accepted in the business world over the past few years. For a fraction of the cost of a full time employee, a small business can have the Controller / CFO function filled by an experienced professional.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our Accounting and QuickBooks Services.

imagesRMWHBYUM

QuickBooks Help Save Small Businesses Money at Tax Time

Many small businesses use QuickBooks for their bookkeeping software. It is a fabulous way to maintain financial records in a convenient way, especially around tax time. If done correctly, your QuickBooks file should make tax time a breeze. However, if you have made small mistakes in recording throughout the year, you may be paying more taxes than you owe. Overpaying is never a good thing for a small business, so to avoid this situation you should have a qualified consultant review your files to look for mistakes you may have made during the year.

One way an error can happen when a business owner contributes their own money to their business. It happens now and then that you may have to use your money for a business expense. If this money is simply recorded as income, it will be taxed. This type of income must be specified as an owner contribution to the business within your QuickBooks file in order to avoid being taxed. Don’t make this mistake and find yourself paying tax on your own money.

Often, instead of giving money to use for your business, a business owner will loan money to their business. These are funds that will be paid back to the owner, possibly at a more stable financial time in the business. Remember, you only pay sales tax on income not on loans or contributions. Record this type of credit as loan so it will not be mistakenly taxed as income.

Many business owners use credit cards to make purchases for their business. QuickBooks is able to sort these charges and recognizes them as expenses for your business if they are recorded correctly. Suppose you purchase new office furniture from a superstore and simply record the total amount spent. QuickBooks needs to know what type of expense this was so that it could be correctly classified. This would be an office expense, and would be a tax deduction for your business. Take the time to specifically record credit card charges rather than just a one-time charge to your credit card company in order to receive accurate deductions.

QuickBooks also keeps track of how much sales tax you will need to pay to the state. However, if you have not recorded each of your income and expense transactions correctly, the sales tax payment may be too high. For each sale to customer, the amount of the tax must be recorded separately from the cost of the item. The amount you will pay to the comptroller will also need to be correctly recorded through the ‘Pay Sales Tax Liability’ window.

Finally, a common mistake people make both in business and in personal finance is incorrect recording of ATM or debit card purchases. It’s easy to swipe your card making a quick transaction and be on your way. It is crucial to record each debit or ATM use correctly. Think of it as each time you use a debit card, it’s just like writing a check and must be recorded just like a check would be.

Anyone who uses QuickBooks knows the value of this software. It makes the business owner or bookkeepers job much easier. However, it is always a good idea to have an experienced QuickBooks help consultant review your file at tax time to make sure you are not paying too much in taxes.

Article Source: http://EzineArticles.com/5146558

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We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our QuickBooks services; or to set up a free consultation telephone call.

imagesRMWHBYUM

Benefits To Be Gained Through a QuickBooks Consultant

By Richard C. Tyler

A QuickBooks consultant can offer quite a few benefits to your business, which is why hiring a professional is so critical. QuickBooks is software that has been designed to help your business in many ways which include organizing, billing, reporting and monitoring functions. However, understanding these functions and using them to their fullest potential isn’t really easy from the scratch, which is where hiring a professional consultant could prove valuable. You could have a full fledged employee who handles your QuickBooks. You can also hire a consultant for a limited time period for knowledge transfer, if you are sure that your business needs don’t demand extended expertise.

Payroll is an important component of running a business. The QuickBooks consultant can help you manage payroll functions weekly, monthly or fortnightly and also take care of taxes and other employee benefits. QuickBooks E-Pay can help you avoid tax penalties and tax filing worries. The consultant can also help you with the general ledger accounts, vendor bills and invoices and streamline payments and receipts making things as transparent as they should be for the long term benefit of your business.

A QuickBooks consultant can use the advanced features of the software to help your business through profit and loss analysis. Understanding which departments are costing you money and which ones are reaping profits is important for every business. There could be inefficiencies which the software can highlight for you to set things correct straightaway. A professional and well versed consultant can help you track income flows and chart the losses to identify what changes are required in the way you conduct business if any.

If your business is still in the evolution stage, a QuickBooks consultant can help in setting the basic infrastructure for processes. Similarly, reviewing customer accounts of a business and identifying what have gone past due dates is equally important. The consultant can help you use QuickBooks to track sales and expenses related to domestic as well as international businesses. The time of a consultant can be used judiciously to engage and train employees through available QuickBooks tutorials. A consultant can answer questions related to company expenses, employee payrolls or quarterly statistics easily thus charting the direction in which the business is going. Checks and receipts, invoices and sales are all important and can be overviewed through reports created by the consultant after understanding the basic setup of the business and its needs.

Article Source: http://EzineArticles.com/?expert=Richard_C._Tyler

We provide part-time offsite and onsite QuickBooks Consulting, QuickBooks Training, Inventory Management, Cost Control, Accounting, Cost Accounting, Controller and CFO Services to small and medium sized businesses.

Ask us for help.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

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Outsourced CFOs are Smart for Business


By Mark Ferguson 

Running a business takes many skills sets, and business owners, eager to keep costs in check, try to do it all. From hiring decisions to compiling financial statements, owners spread themselves thin running from task to task.

The upside? There’s no large salary tied to people holding specialized positions. The downside? Each task gets but a fraction of the time it deserves – and requires.

According to the Harvard Business Review, outsourcing is one of the most important management ideas and practices of the last 75 years. Companies using outsourcing cite innovation as their number one reason for bringing in a fresh perspective to key company functions. Business owners and executives say they derive these four benefits from outsourcing:
1. Outsourcing allows companies to focus on what they do best – their own core competencies.
2. Companies achieve greater efficiencies without adding people or technological resources.
3. Outside expertise helps companies become more profitable, thereby increasing company or shareholder value.
4. Outsourcing offers increased service levels within company functions.

One of the most critical functions in a company – especially one transitioning through one of the growth phases – is that of the financial officer. A Chief Financial Officer (CFO) typically focuses on how efficiently a business is operating. While some business owners view this function as a reporting function – one where the CFO merely is a score keeper of how well the business already has performed, that’s just where CFO duties begin.

A CFO takes the historical financial data (also known as financial statements and other typical recording reports), combines that information with operating practices, and analyzes areas where the company could – and should – make changes that affect profitability, productivity and efficiency. The CFO with top-notch business sense can dramatically impact a company’s bottom line.

Companies nearing the half million up to the $5 million revenue mark often find they can benefit from the services of a seasoned CFO, but can’t – or don’t want to – afford the $200,000+ these professionals typically demand for a salary. Some business owners, realizing that they do not have the resources to hire a full-time CFO, simply accept this and vow to grow their businesses so they can hire a CFO in the future. Smart business owners recognize that if they want to reap the benefits of an experienced, results-producing CFO, they must look for a more creative way to do it.

These smart entrepreneurs regularly make outsourcing work for them. They understand the importance of leveraging their money while obtaining critical tools for success. Many times, the cost savings accompanying qualified CFOs makes the decision that much easier.

Outsourced CFOs sell their time by the hour or on a monthly basis -four to eight hours a month, for example, at an agreed-upon fee. CFOs can isolate areas of concern that the business’s accountant wouldn’t (and possibly couldn’t) detect until tax time. Even the closest accounting advisor isn’t privy to day-to-day business practices.

CFOs can have a positive affect on the outcome of major business decisions. For instance, companies facing reorganizations or mergers need to have access to real numbers associated with these events. They also need to know how to leverage available resources with company debt. Skilled CFOs handle these issues regularly and can bring much-needed expertise to company owners and executives as they make short- and long-term decisions.

Other areas offer opportunities as well. Purchasing agreements sometimes can hurt the well-intentioned company manager. If a company makes larger purchases because of negotiated lower prices on products and the trade off is a shorter pay schedule, CFOs can isolate this scenario as the key reason why a company could constantly be in a cash crunch.

Finding a qualified CFO may be as far away as a phone call to your CPA or accountant who offers outsourcing as a credible service component for companies like yours. Today, some firms offer the services of experienced CFOs who have retired and now work as temporary workers – much like you would hire a secretary on an as needed basis. Whichever route you take, financial matters aren’t the only areas where an outsourced CFO can lend advice. CFOs can help your business in several critical areas including:
· choosing appropriate accounting software,
· deciding whether leasing or buying equipment is best,
· how to compensate company officers,
· how to handle company collections,
· how to handle cash flow and how to balance company debt with receivables, and
· how systems can be improved to improve productivity.

While hiring a CFO for a short amount of time may get you past a cash flow crunch, help secure a much-needed loan or initiate systems that increase productivity, experts agree that to get the most out of your investment, you should commit to your outsourced CFO arrangement for at least a year. An experienced CFO often can impact your business in less time than an average work day or approximately eight hours.

If you are a business owner currently functioning as CFO, think of all the things you can do with your leveraged time.
· Spend time with valued customers to ensure their continued business.
· Attract and win new business.
· Develop new products or services.
· Work on operational or financial projects to make your business more profitable or accelerate its progress toward your growth goals.

Bottom line: the choice to outsource comes down to dollars and sense. When companies add a CFO’s salary to a benefits package complete with annual bonuses, the price tag is high. And, not all CFOs are equal- navigating the maze of available CFOs can leave you dazed and confused. Keep in mind that CFOs possessing business performance management knowledge add an extra dimension that positively affects other areas of your company, including productivity, operating efficiencies and internal systems.

It takes time to make the decision to outsource a critical management position. Aligning company growth goals with the operating budget, and comparing that to the benefits an outsourced CFO can bring to the picture, enables you to determine if outsourcing is right for your company. If you still aren’t sure, call your accounting business advisor to discuss the pros and cons of this type of arrangement.
Article Source: http://EzineArticles.com/expert/Mark_Ferguson/43797

DeSmidt Consulting, Inc.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of Accounting, Cost Accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons.

Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Ask us for help.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

View our testimonials < www.desmidtconsulting.com/testimonials.html

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits of our CFO and Controller Services.

Small Business Year End Financial Planning

Business meeting

For calendar year companies, November starts the “End of Year” accounting process.  Here are some practical guidelines to get out in front of the End of Year and be ready and more prepared to succeed next year.

  1. Get your internal and external team on board – the Entrepreneurs, the Controller, the Bookkeeper, the business CPA, the Tax Preparer, the Payroll Service, the Attorney, the K-1 recipients, and the Personal Financial Planner.
  2. Plan for your next year Budget – review for next year revenue planning and cost control, including tax incentives for fixed asset additions – including equipment and software.  Review – is the basic financial model still sound?  Should we expand into a new line of business?
  3. Defer your income / let your receivables payments slide into January.  Payments your company can receive during January, as opposed to December, may cut your tax bill. Any deferral strategy will depend on your profit and loss for the year and your business legal structure, so check with your accountant first.  Make sure your cash flow can handle the deferred receipt.
  4. Increase expenses. If you have been thinking about upgrading equipment, software or other business items you require in the immediate future, purchase those items this year to maximize your deductions. If you can see a need for goods and services in the first quarter of the New Year, buy them now if cash flow permits.  Remember that pre-paying the expenses for the next year will have impact on the tax position of the next year.
  5. Ensure that your planned Capital acquisitions have been completed.   Take the benefit of the section 179 deduction – if you have purchased any equipment up to the current dollar limit, you may be able to claim a deduction for the entire amount for the current year.  There is no need to keep on depreciating it over a number of years.  The only condition for such a deduction is – the equipment must be installed and it must be running before the close of the year.  So you can make purchases of necessary equipment and software for your business at the end of the year and claim the entire amount as a deduction.  Remember, this deduction cannot exceed your taxable income.
  6. Decide about year end bonuses now.  If you won’t be able to give a bonus to employees who have received them in the past, tell them now, so that they can plan accordingly.  You don’t want to have that kind of negative surprise later this year.
  7. Consider raising prices now.  While you may not be able to do so, don’t overlook this possibility if you haven’t adjusted your pricing recently, and, in particular, if your costs have increased.  Also, consider resourcing many of your purchased raw material and inventory items – if you believe that they can be sourced better.
  8. Update your website – that’s an entry point for many purchasers.  Use your website to provide information that will enhance your business position as an expert company in the field.  Offer some promotional incentive to move inventory.
  9. Review your obsolete, unneeded, and slow moving inventory items.  Depending on your accounting process, you may wish to check your inventory for goods that have been damaged or have become obsolete.  Also, the end of the year may be the ideal time for a physical inventory count.
  10. Reconcile all balance sheet accounts, including Cash, Receivables, Payables, Prepaids, Accruals, Undeposited Funds, Notes and Loans, Credit Card Accounts, Payroll Liabilities, and Equity Accounts.
  11. Consider outsourcing domestically, additional areas and tasks for the New Year – CFO and Controller services, Payroll and Human Resources services, and Information Technology services.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of Accounting, Cost Accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons.

Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help.

Visit our website http://www.desmidtconsulting.com

Contact us http://www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt

Contact us to schedule a free consultation phone call to learn more about how our year end services may be able to help you.

Five Biggest Reasons For Considering QuickBooks Hosting For Your Growing Business

By Shalu Singh

In today’s era of high competition, businesses are working hard to achieve the highest in every business aspect. Sometimes because of the burden of responsibility, they find it very difficult to manage everything from top to bottom. However, for a business to prosper one has to manage everything effectively and efficiently, especially the most important field of any kind of business industry that is accounting. Managing accounting data is as much difficult as essential for the business success especially for SMB’s as they find traditional accounting practices unaffordable. Every small business knows very well that accounting is a necessary evil that will take a lot of time and efforts, and can frustrate CPA’s while doing bookkeeping or further leads to data complications. Financial audit dealing and reporting may not look the most exciting part of a business but if treated in an effective way then these practices can provide considerable benefits.

From small to mid-sized businesses across the globe, people are taking advantages of cloud services to connect easily with clients to make their business practices more effective. The cloud technology has a lot of features that gives Startups and SMB’s the ability to avail most of the benefits that previously can only be afforded by the big boys with a big budget. In the case of managing finance and accounting data, many studies have shown that very few businesses are relying on hard drive or spreadsheet to store data. As every business person knows the importance of accounting and wants to reduce the bookkeeping and accounting frustrations, they are shifting towards the most cost-efficient accounting system. Yes, we are going to talk about latest technology in trend for accounting treatments – QuickBooks cloud hosting. With days, people are turning towards QB hosting for their financial treatments.

No matter from where you are going to use it – you login outside, in the office or dedicate it in your home for your 24/7 remote access, it will ultimately be cost-effective and less risky to host your data for these below listed 5 major reasons:

Security And Spam Protection: Security of an on-premise data are very hard to guarantee. Most of the time, there is no real security of data in typical offices having many devices with USB connections that may lead to many serious business security risks. Chances are that your confidential data may get broken or lost. But by hosting QuickBooks you can safely store your data in the cloud. In data centers, there are a lot of security practices such as the implementation of most efficient Antivirus and firewalls to protect it from disasters. This will provide more consistent computing environment.

Cut Costs And Control The Way You Use Your Resources: In earlier days, businesses were relying on local computers, each time at the refreshment of hardware, they had to plan in a new way for their needs. But with the time, they shift from on-premises to the cloud servers since it provides them a tighter control over their business expenditures with predictable costs. It will also help to increase ROI by eliminating the cost of setting an in-house infrastructure and maintenance. This means to run QuickBooks application, you only have to pay for RAM, disk space and bandwidth that your cloud server uses. In other words, you don’t have to prepay, pay when needed. The best part is that it can save almost the half of money by controlling the way you use your resources with QuickBooks hosting.

Go Green With Cloud Accounting: Today everyone is talking about the buzzword “Global warming”, from plastic bottles Reutilization to reusable coffee cups, putting their best possible efforts to make the world green. But, do you ever think that how reducing all those paper works and moving business software system to the cloud will help to go green? Many worldwide types of research have shown that how cloud technology could reduce Data center usage in upcoming years. So, In this way, by hosting the most efficient cloud accounting software – QuickBooks can help SMB’s to eliminate resource use, the risk of error, and expenses. The staff is no longer bogged down by repetitious tasks that drain hours of productivity. Every department of a company can help themselves by using cloud hosting as they don’t have to shift their computers and other hardware one place to another, they can work seamlessly without any shuffle. In the cloud, businesses can Go Green and Grow Green.

Rapid Elasticity: Elasticity is another name for scalability that simply means the ability to scale up and down the capacity based on performance. Forecasting future demand is always a tough deal and there is an uncertainty with business risks. So definitively, SMB’s will opt for a service that provides them an opportunity to increase or decrease the demand for service. And by using QuickBooks hosting, businesses can meet their expectations during busy periods and off – peak periods by increasing & decreasing the capacity per use. By this way, one can easily manage the resources as per the use and monitor the resource utilization and performance. This means with QuickBooks hosting, clients are served with on-demand service quality.

Increased Productivity With Anytime-Anywhere Access: Everybody wants a hassle free environment to work. They try to handle everything on their own and in the case of software installation; if PC crashes, they lost their productive data. With anytime accessing of QuickBooks file through a highly available host, they can boost their productivity in multiple ways. Without interrupting each other, CPA’s can log on to their clients QB files at any time from any location at once. It also allows 30 people accessibility to the same application at once.

Bottom Line
In a nutshell, QuickBooks hosting is all in one package for accountants. It is as versatile as a small business owner wants with a lot of unexpected benefits. Are you ready to avail these benefits and move towards QuickBooks hosting?

Article Source: http://EzineArticles.com/expert/Shalu_Singh/2332998
———————

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our QuickBooks services; or to set up a free consultation telephone call.

imagesRMWHBYUM

Prepare For Year End With Our QuickBooks File Review and Analysis Services

Business meeting

If you are having a difficult time with your QuickBooks, your monthly or annual reports, your chart of accounts, your understanding of your financial reports, or you have felt like you did not get off on the proper track with your QuickBooks setup, we can help.

Our QuickBooks Certified Advanced Pro Advisor, CFO, Controller and Accountant, Peter DeSmidt, will remotely perform data file review, analysis, corrections, and journal entries, of your company data file.  Act now, save money, time, and insure accuracy, on your current year, and year end, by having your QuickBooks file professionally reviewed and analyzed.

For a $400 fee we will

  • Correct postings to incorrect accounts
  • Review and analyze the company file
  • Review the company setup and make recommendations as needed
  • Insure items, fixed assets, sales tax, and chart of accounts are set up properly
  • Fix unapplied customer and vendor payments and credits
  • Review customer and vendor aging balances
  • Correct undeposited funds accounts
  • Adjust loan and credit line balances
  • Write off customer bad debts
  • Clean up stray entries
  • Locate discrepancies in bank reconciliations
  • Review and scrutinize your transactions for the year
  • Discuss your business operations, accounting requirements, and reporting needs with you

This service is for QuickBooks 2016, 2017 and 2018 Pro, Premier, Online and Enterprise (separate pricing) editions.  We will work with your accountants copy or portable copy and not interrupt your ongoing work and reply back to you, via email, with known issues, corrections and recommendations.  Not a long term commitment.  Even if you have an accounting and tax preparer firm, we can help.  We can also provide optional training, reporting, analysis, CFO, controller, coaching and hiring assistance. 

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of Accounting, Cost Accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons.

Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Ask us for help.

Email us or call us – to schedule your review and analysis, to learn more, and to discuss your requirements.  Free initial telephone consultation. Evening, weekend, and daytime telephone consultation appointment times are available. We would welcome the opportunity to work with you.

Visit our website www.desmidtconsulting.com

Visit our mobile website http://www.desmidtconsulting.mobi

Contact us http://www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our QuickBooks services; or to set up a file review and analysis service.

imagesRMWHBYUM

Who does your Bookkeeper / Accountant turn to when they don’t know the answer?

By Megan Prentiss
Business.com / Strategy / Last Modified: February 22, 2017

You? Your accountant? Get in a temp? Maybe you need an affordable part time Controller or CFO.

You, the entrepreneur, are already wearing 16 hats, and you have no desire to be accountant. You do not have the time, and sometimes do not have the expertise, to answer questions but what else can you do?

Phone your external accountant? You either do not want to bother them because you don’t want to see another bill from them until next year, when they do your tax OR you know how busy they are and you don’t know when you will receive an answer (maybe next year, when they do your tax). Alternatively you will be sent a junior member of their team who you will have to spend time with explaining your business to, again.

If you can afford to employ a Controller/ Chief Financial Officer that might be the answer but what if you are a small, growing business?

If you have a specific project (e.g. catching up with your books, preparing year end working papers, preparing a cash flow forecast for your bank manager, etc.) then you can phone a temping agency. This can work well for one-off projects but if you need somebody a second time, or a third time, you will probably be sent a different person who you will, again, have to spend time with explaining your business to. Do you really want to discuss your private affairs with yet another person?

There is now a growing number of Accountants who will be your Controller/ Chief Financial Officer on a part time basis. These “virtual CFOs” often charge a similar hourly rate to temp agencies and considerably less than firms of accountants (because they work from your premises and don’t have an expensive office and team to support). They get to know you and your business so you only have to explain yourself once. They will often guarantee a response within 24 hours (if not less) which will reduce any worry or stress caused by your question/ request. They will also accompany you the next time you need to see your bank manager. They will manage your bookkeeper for you and manage whatever administrative tasks are currently bogging you down (including finance, IT, HR and insurance) – giving you back your valuable time. Some virtual CFOs will do all of this for a fixed monthly fee, so you know in advance how much their invaluable services are going to cost you.

How do you find a virtual CFO? Ask your Accountant or bank manager to recommend one for you.

How do you know you have found the right virtual CFO for you? Ask yourself if you like them as a person – if you get on with them then you are more likely to phone them with that quick question and more likely to listen to their answer.

For how many hours per month do you need a virtual CFO? This will depend upon the size and complexity of your business, the knowledge and experience if your bookkeeper and the number of administrative tasks are currently bogging you down (including finance, IT, HR and insurance). A good starting point is 2 days per month.

Can I afford a virtual CFO? You can’t NOT afford one! Asking a virtual CFO to share some of your load should be a cost neutral decision given the amount of time, tax and stress they will save you.
———————

DeSmidt Consulting, Inc.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of Accounting, Cost Accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons.

Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

View our testimonials www.desmidtconsulting.com/testimonials.html

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about how our CFO and Controller Services may be able to help your business.

imagesRMWHBYUM

QuickBooks Training – Do You Need It?

iStock 698x463B

By M. J. Hultquist

QuickBooks training comes in all shapes and sizes. You have books you can purchase and learn QuickBooks. You have classroom setting classes you can take that usually last 8 hours or more. You even have online courses you can take to learn QuickBooks.

But do you really need QuickBooks training?

To answer this question, you need to figure out first what you need it for.

There are generally 2 types of people who look for this training – small business owners and people looking for a job. In the first group, small business owners, they need QuickBooks training if they either plan on doing their own bookkeeping in QuickBooks or if they simply want to understand what their accountant is doing each month. By doing their own books, they can generally get a better feel for their business so that they can make more informed decisions. They also will save a few thousand dollars a year by doing it themselves instead of having an accountant do it for them.

But they have to make sure they actually get some QuickBooks instruction, or they could end up seriously screwing up their books.

Small business owners could also learn how to use QuickBooks if they simply want to understand what their accountant is doing each month. This will help them have a much better understanding of the ebbs and flows of their cash cycle.

The other people who look for QuickBooks training are people searching for a job. In this day and age, many employers, especially small businesses, look for people with experience using QuickBooks. More and more this is becoming a requirement for certain positions, and people simply do not have the proper training. As a result, to get a job or to even get a higher paying job, people trying to get a job that requires QuickBooks should take some sort of QuickBooks training.

So, the answer of whether or not you need QuickBooks training really depends on what you might need it for. After you make this determination, you can then decide which format for the training makes sense.

Learning from a book is generally not recommended because you have no one to ask questions or give you feedback. A classroom setting can be OK, however, you typically have set times you have to be there and they are generally fairly expensive. Also, if you do go this route, you have to make sure you can practice along in front of a computer to get the hands on experience.

The final option would be to get QuickBooks training through online video tutorials. These are generally less expensive than the classroom setting and are much more flexible as you can learn at any time that it is convenient for you.

Article Source: http://EzineArticles.com/?expert=M._J._Hultquist

We provide offsite and onsite individual and small group QuickBooks Problem Solving, Training, Inventory, Accounting and Bookkeeping Training to individuals and small and medium sized businesses.

Ask us for help.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

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The Power Of Partnering With An Advanced Certified QuickBooks ProAdvisor

Business meeting

By Chris A. Harmen

Traditionally, small businesses had to rely on antiquated paper ledgers and a shoebox stuffed full of saved receipts in order to maintain proper business accounting practices. However, with the advent of modern technology, both fledgling and well-established entrepreneurs no longer need to fuss with these outdated methods. Instead, these CEO’s can turn to the latest in computer software packages that have been designed specifically to help balance the books.

QuickBooks has firmly secured its spot as a front runner resource in the accounting software market and with good reason. The tool has a diverse range of functionality that makes it an ideal application for any small business, regardless of industry or services provided. Most importantly, the software was designed to be used efficiently and effectively by virtually anyone. Whether conducting business as a computer programmer, construction contractor, caterer or personal consultant, any businessperson can learn to manage their own bookkeeping process with relative ease. However, mastering this resource can prove an overwhelming mission when first starting out. That’s why teaming up with a QuickBooks consultant can provide a powerful partnership for any business.

The Benefits Of Utilizing An Advanced Certified QuickBooks ProAdvisor

Learning the nuances and functionality of QuickBooks can initially seem a daunting endeavor. Rather than keeping the software in the box and continuing to rely on paper and pen methods, small companies now have invaluable resources available to them in the form of bookkeeping and, specifically, QuickBooks consultant firms. Reaching out to these service providers can exponentially decrease the anxiety and stress experienced when attempting to learn the various components of this application.

One of the best services offered by these firms is one-on-one training to methodically and systematically address and answer all fears, concerns and questions. This type of coaching empowers business owners to morph from frustrated and uncertain bookkeepers into capable managers of their own bottom line.

Another component to look for when seeking the assistance of a QuickBooks consultant is application customization. Not all businesses require the same fields, data entry and input when using the software. Fortunately, software programmers understand this need and have created the system to be highly customizable based on industry, function and need. However, modifying the tool can seem a little complicated to a new and unfamiliar user. Thus, working with a seasoned accounting professional to strategically tailor the program can ensure the streamlining and efficiency of any business’ specific accounting efforts.

Finally, partnering with an accounting consultant can offer a final added benefit. Learning the system and utilizing a tailored made version is only part of the partnership equation. Once fully confident and efficient with using the software to effectively balance the books, business owners will no longer spend an exorbitant amount of time calculating and recalculating monthly totals. This actually helps directly enhance the bottom line figures as the extra time saved enables these CEO’s the opportunity to focus more on revenue generation and core business activities.
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We provide part-time offsite and onsite Accounting, Cost Accounting, Inventory Management, Cost Control, QuickBooks Problem Solving, QuickBooks Training, QuickBooks Implementation, Controller and CFO Services to small and medium sized businesses.

Ask us for help.

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813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

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