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QuickBooks®: News You Can Use |
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| Presented by: Scott Gregory, QuickBooks Specialist |
January 2008 |
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Get the surge protection you need
for your critical
electronic gear without the hassle of trying to fit
the power plugs into a small and cramped space!
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Stop Driving to the Bank! |
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Still driving to the bank every day (or even several
times a week) to make your deposits? Stop that
practice - make yourself more productive and save
gas at the same time!
How can you do this? Ask your bank about
their "remote capture" services. They may refer to
it as "remote deposit" or "remote office", but no matter
what it is called, it adds up to you being more efficient!
You become that way because remote capture allows
you to scan and deposit your checks into your bank
account directly from your desk. The bank simply
takes the images of the checks that you send to them
and uses those images to complete your deposit.
Here's how it works - when you sign up for
the "remote
capture" service, your bank provides you with a piece
of hardware that "swipes" an image of each check in
your deposit. That image is securely transmitted via
the bank software (usually done via the internet), and
when you are done transmitting the images, your
deposit is totalled, completed, and your account
credited. Really, it is just as easy as that.
Naturally, there is a modest investment in
the "swiping" hardware, and the banks do levy a
monthly fee for the service. If you polish your
negotiating skills, you may be able to get
discounts on
these costs (it can't hurt to at least ask!)
The real benefits come to you in two ways:
- You DO get a longer window of time to make
your deposit. Bank customers using the remote
capture package get until 5pm or later each day to get
credit for their deposits. Compare that to the earlier
cut-off you face for deposits in person.
- You DON'T have to interrupt your day to go the
bank and make a deposit. Keep focused and
keep working on revenue generating or cash
collecting activities for the business. The value of
those activities can far exceed the modest costs of a
remote capture setup
If your bank hasn't approached you recently about this
concept, you need to be speaking with them!
Remote capture is really is a well kept secret that is
providing tremendous benefits for those businesses
that are using it. Like any other service you evaluate,
make sure to get a good understanding of fees,
terms, and conditions from the bank before inking the
deal.
Locally, you can speak with Lorraine Sears,
an Assistant Vice President for First Merit Bank. She
can be reached at (440) 953-2184. She'd love to show
you just how cost-effective their remote capture
service can be for your business. Tell her Scott sent
you!

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"I'm Glad I Bought This!..." |
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Scott - This Undeposited Funds guide is
marvelous. I was able to walk right through it and
it is going to save a ton of time when I reconcile. The
$9.95 for the guide is as good a bargain as I have
gotten since I rented my deposit scanner several
months ago.
Thank You! Thank You!"
Vicky - K V Inc.
Look inside the covers
of "What the Heck is Undeposited Funds" right
now.
Stop being confused by the Undeposited Funds
account in QuickBooks and use it to your advantage.
Using the Undeposited Funds account correctly is
a critical step in the proper usage of QuickBooks
software. Understanding why the account exists
and what is actually happening with it as you process
customer payments and make bank deposits is a key
learning component you need to master.
My guide, "What the Heck is Undeposited Funds"
provides in-depth commentary, many examples, and
real world observations to help ensure you "get
the hang" of what is going on with this account. Having
this knowledge will shave countless hours off the time
you spend reconciling your bank accounts in
QuickBooks.
Conveniently available in PDF format for easy
reading or printing!
Download your copy of "What the Heck Is Undeposited
Funds (and Why it is critical to your QuickBooks
success) right now!

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Register Today! |
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Join me for my QuickBooks Clinic at Lakeland
Community College on Thursday, January 31, 2008.
Registrations are open through the end of the day on
Tuesday, January 29th. For more details on the event,
visit my web site.
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Shop Floor Control and QuickBooks? |
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Let's be honest - even though QuickBooks has
a "Manufacturing" edition, there are many features you
need to manage your shop floor that just aren't
included in it, and most likely never will be (remember,
QuickBooks is an accounting package, not a shop
floor program).
But wait! Don't throw out QuickBooks and spend
money to bring in an entirely new software package!
Consider the benefits of the MiSys Small Business
Manufacturing Software that integrates with
QuickBooks.
MISys Small Business Manufacturing is
modular, so you purchase only the functionality you
need now. Start with the basic manufacturing
capabilities and add modules for additional
functionality as your needs grow:
- Basic Manufacturing
- Advanced Purchasing
- Advanced Production
- Material Requirements Planning (MRP)
- Serial/Lot Tracking
- Bin Tracking
- Bar Coding
MiSys and QuickBooks exchange data seamlessly.
This helps your business take advantage of
QuickBooks for your accounting and MiSys Small Business Manager for
your shop floor control.
The best of both!

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QuickBooks Tip of the Month |
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Q: Is the Previous button the only way I can look up
information about a particular transaction in
QuickBooks?
A: Using the Previous button to step through
invoices, checks, or bills one by one is certainly one
way to find information within QuickBooks.
My suggestion is to make it even easier on
yourself - use the Simple Find window. To locate
this QuickBooks tool, click on Edit in the menu bar,
then Find. Be sure to click on the "Simple" tab (not the
Advanced tab).
If you wanted to find a specific invoice, leave the
invoice option showing in the transaction box (but be
sure to click the arrow to the right of the word invoice to
see all the other transactions you can find in
QuickBooks too!). Then type the specific invoice
number in the "Invoice #" box, and click find in the
upper right hand corner of the screen. You can also
find all invoices for a specfic range of dates, a
particular customer or a specific dollar amount.
Once you begin using this Simple Find option,
chances are pretty good you won't be using the
Previous button much more after that!

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Services Scott Offers... |
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Looking for help with QuickBooks or trying to figure out
ways to improve your profit and cash flow?
Download my menu of services and
advice that outlines the ways that I can help your
business.
Don't wait another day! Get my menu of
products and services right now and get the help
YOUR business has been looking for!
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About Scott Gregory |
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The
"QuickBooks: News You Can Use"
newsletter is written and distributed monthly by
Scott Gregory. Scott is a:
- QuickBooks Specialist
- CPA
- Technology Consultant
- Charter Member of QuickBooks Enterprise
Solution Provider Program
- Member, Intuit Speakers Bureau
Scott is also the president of Bottom Line
Accounting Solutions, a firm that specializes in
helping small businesses use
QuickBooks effectively and profitably. Feel free to
drop Scott an
e-mail if you'd like to learn more about the
services his company can
provide.
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Legal Stuff |
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QuickBooks is a registered trademark of Intuit.
Bottom Line Accounting Solutions is not affiliated with
Intuit in any way.
Please forward this newsletter to those friends and
associates that have an interest in QuickBooks
software.
The Internet community is constantly evolving, so
exercise diligence in your research as you would any
other purchase. Bottom Line Accounting Solutions is
not responsible for any third party links or the misuse
of those links. They are presented solely for
informational purposes.
This publication Copyright 2001-2008 Bottom Line
Accounting Solutions, LLC. All rights reserved.
Other product and company names mentioned herein
may be trademarks and/or service marks of their
respective owners.
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