Reclassify transactions in QuickBooks Accountant Edition 2013

Reclassify transactions in QuickBooks Accountant Edition 2013

This one minute video shows you how to Reclassify Transactions in QuickBooks using the Accountant Edition 2013.

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Digital disruption: put your business on pause

Jack and Jill have run their company for fifteen years and by and large they have been successful. It’s a tech business with some large, international clients and some smaller ones closer to home.

However, over the last two years they have seen:

  • outsourcing of work to India
  • pressure on prices from all clients and prospects
  • greater demands from clients

All of which have eroded margins and reduced sales.

And taken away much of the enjoyment of running the company.

In the last year they have closed their office, said goodbye to their staff (amicably) and retrenched to just the two of them working from home. But even then they’ve decided that the work they are doing is neither profitable enough nor enjoyable so they’ve put their business on PAUSE!

They’re not seeking new clients and when the contracts currently underway have come to an end their business will stop.

For a while.

Unburdened by work they don’t really want to do at prices they can’t make a living from, Jack and Jill can regroup, think again and they will come back at some stage with some different business ideas that they can both enjoy and make a decent return on.

In the meantime, their quality of life has improved, the business is not all-consuming and they’re in a better frame of mind to figure out what the future holds and how to embrace it.

Good for them!

 

Michael

@diaryofanomb

 

I have a three-month project – which month has the profit?

Accurate and consistent management accounts are a key tool for monitoring and improving business performance and they should be tailored to the needs and nature of your business.

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Systems

Effective – do the right things

Efficient – do things right

It’s your business so make sure you’re doing all the right things your business needs to do to be successful, profitable, sustainable.

But doing the right things in the right way is where systems come in.

Being organised, using the right technology, making sure everyone knows how to do their job properly and knows what’s expected of them – your business should purr like a well-oiled machine.

And the systems / process that are put in place should be scalable, easily coping with more and more transactions so you can grow without falling over.

We’re keen to help businesses make the best use of technology to improve the quality and lower the cost of accounting. We’re paper-free and totally in the cloud ourselves and we can help you to get there as well – giving you easy to manage bookkeeping and management information.

Read all about it:

Credit management – A sale is a gift until it’s paid for (part 1)

Many credit rating agencies can supply marketing lists pre-screened to contain only prospects with a decent credit rating. So, there really is no excuse to sell to high risk prospects in the first place.

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Cloud accounting

Cloud accounting is the tectonic shift in the accounting world.

We help businesses make effective use of the cloud accounting solutions out there and collaborate with them to ensure their entire financial environment is working properly.

There’s a lot of hype about the cloud and cloud accounting and several different ways of enabling cloud technology in your business.

We use two of them!

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