Unofficial QuickBooks Accountants Podcast Hector Garcia, CPA & Alicia Katz Pollock, MAT

In this episode, Hector and Alicia delve into using journal entries in QuickBooks Online, outlining when they're appropriate and when to avoid them. They offer insights into accounting workflows such as depreciation, tax adjustments, job costing, and class allocations. They also highlight advanced techniques like the adjusting entry checkbox and utilizing features like the reclassify transactions tool. The episode showcases the new journal entry import tool, explaining how to set up CSV files, map accounts, and overcome limitations, along with innovative uses like memo notes via zero-value entries. Whether you're an accountant, bookkeeper, or QuickBooks enthusiast, this episode enhances your understanding of journal entries and enhances efficiency in QuickBooks Online.

SponsorsClientHub- https://uqb.promo/clienthubLiveFlow - https://uqb.promo/liveflowSettle - https://uqb.promo/settle
(00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast

(01:53) - Introduction to Journal Entries in QuickBooks Online

(09:33) - The Complexities of Adjusting AR and AP in QuickBooks

(20:13) - Advanced Journal Entry Techniques for Job Costing and Class Allocation

(28:49) - When to Avoid Using Journal Entries

(29:33) - QuickBooks Online: Reclassify Transactions Feature

(30:34) - The Power and Limitations of QuickBooks Online Accountant

(35:36) - Navigating QuickBooks Online: Importing Journal Entries

(45:04) - Advanced QuickBooks Online Features: Adjusting Journal Entries

(49:35) - Upcoming Courses and Personal Updates

(51:45) - Reflections and Closing Thoughts
Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference www.quickbooksconnect.comFirm of the Future www.firmofthefuture.com

In this episode, Hector and Alicia dive deep into the features and benefits of QuickBooks Online Advanced, exploring whether the additional cost is worth it for businesses. They compare and contrast QuickBooks Online Advanced with the standard QuickBooks Online Plus plan, highlighting key differences in user permissions, forecasting, batch editing, and more. The discussion also touches on the transition from QuickBooks Desktop to the online advanced version, providing insights for accountants and small business owners considering the move.

SponsorsClientHub- https://uqb.promo/clienthubLiveFlow - https://uqb.promo/liveflowHarbor Compliance - https://uqb.promo/harbor
(00:00) - Welcome to the Unofficial Quickbooks Accountants Podcast

(03:35) - Price Comparison: QuickBooks Online Advanced vs. Plus

(05:50) - User Capacity: A Major Selling Point

(07:17) - Forecasting: Advanced Budgeting Features

(08:57) - Spreadsheet Sync: A Game-Changer for Budgeting

(20:28) - Alicia's Correction About this Feature

(22:49) - Batch Create Transactions

(26:33) - Custom User Permissions: A Work in Progress

(29:17) - Diving Into Report Customization and Limitations

(31:11) - Workflow Automation and Task Notifications: A Closer Look

(44:53) - QuickBooks Online Advanced Tech Support

(46:39) - A Few Additional Features Not Listed on QuickBooks.com
Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference www.quickbooksconnect.comFirm of the Future www.firmofthefuture.com

Hector and Alicia dive into the latest interface tweaks and small but impactful changes made to QuickBooks Online in the first quarter of 2024. From modernized reports with keyboard shortcuts and data source labeling to new refresh buttons and consistent font styles, they explore how these updates are enhancing the user experience for accounting professionals. They also discuss the future roadmap for QuickBooks Online's interface, including the potential for customizable settings and global preferences for accountants across client files.

SponsorsClientHub- https://uqb.promo/clienthub
(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast

(02:12) - Diving Into QuickBooks Online's Latest Interface Tweaks

(02:28) - Exploring Modernized Reports in QuickBooks Online

(14:50) - The Evolution of QuickBooks Online's Bank Feeds

(19:35) - Enhancements in QuickBooks Online's Customer Detail Screen

(25:28) - New Features in QuickBooks Online's Expenses Tab and More

(32:53) - Final Thoughts and Future Hopes for QuickBooks Online

(34:45) - Wrapping Up with Personal Updates and Community Shoutouts
Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference www.quickbooksconnect.comFirm of the Future www.firmofthefuture.com

Hector and Alicia break down the latest Firm of the Future article, covering upcoming innovations and new features Intuit has planned for QuickBooks Online in 2024. From enhanced user permissions to improved payroll processing, they analyze and provide their insights on these anticipated changes that could significantly impact accountants and businesses.

(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast

(01:59) - Hector Found Some New QuickBooks Invoice Features

(06:39) - Exploring the Latest in Bank Feeds and Third-Party App Integrations

(08:36) - Intuit's Strategic Acquisition: What Does It Mean for QuickBooks?

(12:37) - Unpacking the Upcoming QuickBooks Innovations for 2024

(14:49) - Enhancements for Accountants: Role-Based Access and More

(21:42) - QuickBooks Online Advanced: New Features on the Horizon

(28:53) - Revolutionizing QuickBooks Online Payroll

(36:06) - Closing Thoughts and Remember to Subscribe
Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference www.quickbooksconnect.comFirm of the Future www.firmofthefuture.com

Join Hector and Alicia as they explore QuickBooks Online's latest round of productivity enhancements for March 2024. Learn about the new 1099 correction functionality, batch payroll editing across employees, smarter bank feed transaction matching for payroll, and additional dashboard customization options. They also share insights on upcoming e-commerce integration improvements and the rollout of sequential approval workflows.

(00:00) - Unofficial QuickBooks Accountants Podcast

(02:57) - Welcome to the Show and a Listener Review!

(03:29) - Deep Dive into QuickBooks Online's New Features: 1099 Corrections and Payroll Enhancements

(07:03) - Exploring QuickBooks Online's Automatic Payroll Check Matching with Bank Feeds

(09:19) - Batch Editing Payroll Items: A Game-Changer for QuickBooks Users

(12:22) - Revolutionizing E-Commerce with QuickBooks Online

(17:51) - Sequential Approvals and Workflow Enhancements in QuickBooks Online Advanced

(22:04) - New Control for Accountants and KPI Insights in QuickBooks Online

(27:01) - Exploring New Health Insurance Options through QuickBooks Online Payroll

(30:01) - Alicia's and Hector's Updates and Thanks for Listening

Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference www.quickbooksconnect.comFirm of the Future www.firmofthefuture.com

In this episode, Hector and Alicia dive into the exciting new features and updates unveiled during QuickBooks' March 2024 "In the Know" webinar. They discuss the transformation of "Get Paid Upfront" into a line of credit offering, significant productivity enhancements to invoicing and navigation, and new integration partnerships with companies like Figured for agriculture. Additionally, they provide insights into the fine print and potential implications of these changes for QuickBooks users.

SponsorsRelay - https://uqb.promo/relayClientHub- https://uqb.promo/clienthub
(00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast

(01:30) - What We'll Cover Today

(05:20) - Exploring the Fine Print of QuickBooks' New Line of Credit

(11:48) - Navigating Between Invoices and Estimates

(20:54) - New Updates To Invoices

(23:59) - Adding Customer Reports to Invoices

(26:33) - Looking Ahead: New Features and Listener Reviews
Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference www.quickbooksconnect.comFirm of the Future www.firmofthefuture.com