Accounting Software? Quickbooks

Turnip

CGF, Certified Grumble Framer
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Jan 22, 2008
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Just curious, who of you are using Quickbooks for your accounting software?
 
Just curious, who of you are using Quickbooks for your accounting software?

I only use it for invoicing corporate and institutional clients.
 
I use it to track only accounting stuff, income and expenses. My POS (Lifesaver) tracks my orders and other sales.
 
I would recommend it. Using QB can save you a lot on Accountant fees and give you instant access to vitals about your business. One of the best things about it is that you can use Intuit's credit card processing so you won't need to spend big bucks for a terminal. Finally, it's easy to lern and use.

Feel welcome to contact me if you need more info.
 
I do what Denny does.

POS tracks orders and sales, QB manages purchases, expenses.

Sales and deposits are bulk entered into QB from POS reports at the end of every day.
 
I would recommend it. Using QB can save you a lot on Accountant fees and give you instant access to vitals about your business. One of the best things about it is that you can use Intuit's credit card processing so you won't need to spend big bucks for a terminal. Finally, it's easy to lern and use.

Feel welcome to contact me if you need more info.

If you can use it for credit card processing, is it linked via online to your bank account?

Thanks everyone for your replies.
 
I take it you might be Canadian, but the system is probably the same. Yes, the funds hit your bank account within 48 hours I believe (they improved the speed recently). The will sell you a card reader for under $100.

One advantage of this system is that wherever you have internet access, you can process sales transactions.

I'm not a big fan of Intuit -- they release new versions every year with almost no added functionality -- but QB is still the best small biz accounting software out there, as well as the most widely used. Also, it links with TurboTax very smoothly.
 
My accountant and I have been talking about switching to Microsoft Accounting which is set to compete with Intuit QB and will import all QB data as long as it is a verion of QB above Basics. It seems as though much of the accounting world feels as though Intuit/QB is "gettin to big for their britches" but no one is willing to jump onto another boat.

It may be the best since it is difficult to get people to try new things and then determine which is the best.

Microsoft has been a free download for over a year now.

We input our sales into QB as a single monthly invoice using the POS data and let QB do the sales tax calculations for us. It would be nice if the POS would accurately report taxable and nontaxable sales, but we haven't found one to do that yet.
 
I use Quickbooks for my accounting functions, ie: general ledger, income/expense, accounts payable, accounts rec,, & payroll. I dislike Intuit very much as would like to get away from it, but I haven't found anything that's better. I certainly wouldn't not use their credit card processing as I've found that everything Intuit touches is overprices. If you're looking for credit card processing go to www.merchantwarehouse.com. They're reasonable (as reasonable as credit card processing is) and you can buy equipment from them if you wish, or rent it. Their purchase price is also very reasonable.

I would caution against interfacing credit card processing with your computer at POS. If you're computer is down, or you need to run a credit card with the computer down, you can't. If you go to a seperate reader, you can always run a credit card as long as your phone line works. Plus it will batch out for you automatically w/o your computer running.
 
It would be nice if the POS would accurately report taxable and nontaxable sales, but we haven't found one to do that yet.


??? I use SpecialtySoft and it does this just fine. I am sure that Lifesaver and FrameReady did as well when I looked at them. What are you using Rick?
 
My accountant and I have been talking about switching to Microsoft Accounting which is set to compete with Intuit QB and will import all QB data as long as it is a verion of QB above Basics. It seems as though much of the accounting world feels as though Intuit/QB is "gettin to big for their britches" but no one is willing to jump onto another boat.

...


Hey Rick, please let us know how the transition goes if you make the switch. I seems I'm not in the minority in my feelings about Intuit. I would love to dump the, but at this point they appear to have the best product and switching accounting packages has previosuly been nearly impossible. Intuit changes the file structure on QB with each new version to prevent product jumping.
 
Last night I downloaded the microsoft money home & business software for a 60 day evaluation. It appears to be less involved than QB. I imported all of this years bank transactions into it without a problem.

I know SS does interface with QB as long as the file names are alike. The one thing I don't like is the fact that all components of a frame job are itemized into QB with the corresponding state sales tax for each item. I'm not happy with QB, that's why I am looking at Microsoft money, and maybe others.
 
We have used Quicken Home & Office Version for nearly 20 years. It is not as complicated as Quick Books and interfaces with Quick Payroll. It's not the double entry mind bogling system that Quickbooks is. It writes checks, does payroll, withholding, quarterly sales reports, sales tax reports...generates basically all the necessary reports that a small business should need.

Invoicing, inventory control, POS, is all done through FrameReady.

At tax time, it integrates nicely with Turbo Tax.

Credit card processing is done through the bank.

I don't know why you'd need anything more....we love it and would never change.
 
Paul C,
I may push the accountant after taxtime to convert my QB basic data into QBpro format and then try the conversion. THe last time that I did it, after 3 hours of dataconversion, the message appeared that "Your version was not able to be converted, please update to QBpro and try again". From memory, which is getting old, the screen appearance had a similar feel to QB. Doesn't do much good if the accountants don't want to work with it though.

Cliff,
The issue is that some nontaxable sales are included in the monthly taxable subtotal. Then the balance of the nontaxable sales are included in the nontaxable subtotal. It is a monthly grumble to manually go through the taxable sales to separate the nontaxable sales that are included in the subtotal. I would think that having a POS report that is IDENTICAL in appearance to the QB sales tax report would be a good thing. Our state & county reports that we must submit are an exact copy of a blank QB sales tax report.

I've looked at several POS and the issue is similar, so it does not do any good to point at any one in particular.

BTW, SSS will only interface with QB PRO. If you have QBbasic, there is no interface. I know because I upgraded to the wrong version on incorrect advice.
 
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Got your PM Rick, I do daily transfers from SSS and never look at the monthly report. I use QB for the monthly. So, never saw the problem.

The SSS -> QB interface (the last time I looked) made too many assumptions and not changable defaults to be useable by me. There are also soem restrictions on the QB side that can not be overcoem or worked around ont he SSS side, so I don't see it ever being useful for me.

I'll stick with my daily postings.
 
Me the new boy in England Cornwall

My accountant and I have been talking about switching to Microsoft Accounting which is set to compete with Intuit QB and will import all QB data as long as it is a verion of QB above Basics. It seems as though much of the accounting world feels as though Intuit/QB is "gettin to big for their britches" but no one is willing to jump onto another boat.

It may be the best since it is difficult to get people to try new things and then determine which is the best.

Microsoft has been a free download for over a year now.

We input our sales into QB as a single monthly invoice using the POS data and let QB do the sales tax calculations for us. It would be nice if the POS would accurately report taxable and nontaxable sales, but we haven't found one to do that yet.
Just noticed that you are in Coeur d'Alene, visited last year while in the states for 6 weeks but Coeur d'Alene is a delightful place, am a new framer in england and also use QB for accountancy work but agree that the english version is becoming inflexible, silvercleave@btinternet.com regards to all Ian M
 
Accounting Software

I use Quickbooks. I've been bookkeeping for years and it seems to be not only the easiest, but the best. Very good reporting, and your accounting periods do not have to be 'closed' like some other programs.

Quickbooks Simple Start is free....
 
I have just installed the KwickBooks Small Business software within the last few months. I paid for a few hours of time with a Trainer to get setup and started, well worth every cent - I will have him come back within the enst few weeks to go through the whole thing and set us right.

Very easy to use, very easy to get good monitoring reports, very easy to pass on to whomever does the books. I am totally impressed with the package, I am kicking myself for not installing this many many years ago.
 
Hey Rick, please let us know how the transition goes if you make the switch. I seems I'm not in the minority in my feelings about Intuit. I would love to dump the, but at this point they appear to have the best product and switching accounting packages has previosuly been nearly impossible. Intuit changes the file structure on QB with each new version to prevent product jumping.

One thing to make sure of...be sure that your online banking provider is compatible with the Microsoft product, if you change. We found that our bank was listed as a compatible bank, and it was if you were using personal banking, but the business online banking was on a different platform and we were unable to get the account data transfer in the correct file format.

This bank was using DigitalInsight for their personal online banking and that company paid for the "code" for Microsoft, but they were running Fidelity Online Banking product on the business side (formerly Hamilton & Sullivan) and they did not want to pay for the code.

****The only reason I know all of this is I used to work for the bank and was the business online banking web admin****
 
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