Accruing cash back or reward points on your business credit or corporate card?

Answering common questions about QuickBooks Desktop and the upcoming changes to the QuickBooks Desktop product line …

Intuit has extended the deadline to purchase new subscriptions of the following QuickBooks Desktop products in the US from July 31, 2024 to September 30, 2024.

Here’s the scenario … You performed a first-time install of the latest version of QuickBooks Desktop software (Pro/Premier/Enterprise) on a computer running Windows 11.

Answering a few common QuickBooks Desktop questions …

If you're a small business owner looking to apply for your first business credit card, remember ... function over flair!

In a recent Intuit QuickBooks Firm of the Future Product Update, it was announced Intuit plans to stop selling new subscriptions of some Intuit QuickBooks Desktop products in the US after July 31, 2024.

With the upcoming release of Intuit QuickBooks Desktop 2024, Intuit has announced pricing changes to the QuickBooks Desktop lineup.

Here’s the scenario … You’re running the latest version of QuickBooks Desktop software on Windows 11 … You want to send invoices by e-mail in your QuickBooks Desktop software via Outlook (integrated approach instead of manually) …

As a business owner, I understand the importance of finding and partnering with the right bank and establishing a strong banking relationship … one where your bank knows YOU and not just your account number.

With the launch of QuickBooks Desktop 2023, Intuit has made changes to both pricing and product availability via sales channels for some QuickBooks Desktop products.

There seems to be some misinformation regarding Intuit QuickBooks Desktop “going away” leading to unnecessary confusion. I’m not sure how or where this originated from but as far as I can tell, Intuit QuickBooks Desktop is NOT going away!

Intuit has announced QuickBooks Desktop Pro, Premier, and Enterprise 2022 (R3 or later) are certified as fully compatible with Windows 11 64-bit (natively installed). The key is R3 or later … you must make sure your version of QuickBooks Desktop 2022 is updated to R3 or later if it’s not already.

We’ve talked about having a good accounting system/solution to manage your business finances. While there are many accounting systems/solutions to choose from, QuickBooks remains a popular choice used by many businesses. It’s relatively easy to use and navigate. It’s adaptable and flexible to most businesses/business models and you’re sure to find accounting/finance professionals who have experience with QuickBooks.

Generally, if an employee incurs legitimate business expenses on behalf of the company and pays for those expenses using their own money or a personal credit/charge card, the employee, subject to the company’s policy and its ownership or management’s approval, may submit a company expense report with the proper receipts/backup for reimbursement through the company.

A cash flow projection is another tool to help manage and monitor the financial health of your business and for fiscal year planning and budgeting. In a cash flow projection, you are projecting your potential monthly cash inflows and outflows.

Steady cash flow is vital for any business but even more so if you’re an independent small business. After all, if you don’t have a steady cash flow, you can’t pay bills, employees or even yourself!

It should go without saying that your business bank account is intended for legitimate business transactions and is not to be used as a personal expense account.