This is the story of a successful, technically savvy company that is now like a powerless boat lost at sea. They don't know who nor how much their customers owe them, nor who they owe. They have no printed records upon which to fall back on because they were paperless. Why? Because their system failed. By 'failed' I mean they each trusted someone else that their data systems were safe - and never questioned it.
Keeping your data secure and confidential can be daunting these days. Small businesses are victimized by fraud far more often than large companies (2010 Association of Certified Fraud Examiners Survey). A total of 31% of all business frauds committed nationally were in companies with fewer than 100 employees.
Fraud occurs both internally (employees) and externally. While companies can keep their systems inaccessible from the outside world, that does not necessarily prevent fraud as alarming amounts of fraud occur from within the company. Nor does inaccessibility to the outside world foster growth and profit for the company.
Topics: Accounting & Finance
Nowadays, with everyone’s busy work schedule, you need a faster, simpler way to automatically communicate and share information, assign tasks, etc. without needing to speak to someone, especially those who are frequently out of the office or who work remotely.
Topics: Content Type
In today’s marketplace, keeping up with inventory is an absolute must for wholesale, distribution and manufacturing companies, and QuickBooks (“QB”), even its most basic Pro version, can help.
Learn how others do it. Download our guide to growth.
Preparing your business system for a better year
In 2011, the IRS enacted a new type of 1099 reporting form called a 1099-K for certain types of electronic payments. The 1099-K is issued by third party payment processing companies such as credit/debit card processors, PayPal, etc. for payments to vendors and contractors.
By now, we have an idea of what “the cloud” is and we’ve heard time and time again that we’re all going to “the cloud” whether we like it or not. QuickBooks, a well-known leader in small business accounting software, offers three online options: Online Simple Start, Online Essentials, and Online Plus.
Have you ever had a key employee absent for a period of time due to an accident or unexpected surgery? If so, you likely experienced the pain of scrambling to cover all of your bases and make sure nothing falls through the cracks. And who doesn’t want to take a vacation from time to time? Schedules and procedures are vital to the wellness of your business. Even if your accounting or billing software has a manual, those are often written by technical writers and can be difficult to interpret.
Intuit serves over one million businesses and organizations with its many different payroll offerings. With all businesses being different in some way, there’s a good reason for so many options – but how do you decide which is best for you?
In today’s electronic age, businesses of all sizes rely on financial software to maintain their accounting records, with QuickBooks being preferred among most small businesses. The IRS has always been able to demand records, and is now onboard with demanding electronic records as well by announcing in 2010 that they would be training agents specifically in QuickBooks when auditing. But QuickBooks files, particularly those of small businesses can accumulate years and years of records in a single company file.