Save $49.99 + 20% Discount Offer
Organizing your business has never been easier and with more saving from Quickbooks Pro 2014 promotion and discount offer that is now coming directly from Quickbooks.intuit.com. Not only the 2014 version of quickbooks installation software, but we can see there are Quickbooks Online, and Quickbooks for Mac available right now at the store as well as Quickbooks Online Simple Start . By this, all software is linked and can be used to work together as always and it even works with Intuit Gopayment as well. The company is very pleased to announce the newest version of Quickbooks Pro 2014 and to welcome the new season of accounting for the annual and calendar year, Intuit would like to present discount promotional deal for Quickbooks Pro 2014 that will take 20% off the software and customers can get free shipping. Also, when making purchase of the 2014 Quickbooks pro version, customers are given options to turn on payroll with Quickbooks to create paychecks and free of charge direct deposit as well as the payroll taxes function by choosing between 2 plans that also comes with 20% discount per month on the annual plan and the monthly plan for $23.33 – $28.00 per month with the option to increase the number of employees of $2 per month per person.
Focus on your business, the accounting with the help of Quickbooks Pro 2014 is running in the background that allows you to stay connected everywhere that you go enabling you to check in the information every time and anywhere on the go. It is the web-based and stand alone software to help business owners to become more organized and more productive by keeping one on task by connecting the business at the edge of touches on iPad, iPhone, and other handheld device of your choice and so you have the same information everywhere. You’ll see how easy to organize your finance with quickbooks 2014 for both premier and pro by getting started today.
- Import data directly from spreadsheets and get setup in a few steps
- Invoicing is easy, there’s no need to start from scratch
- Turn Estimate to professional invoice in one click
- Tracking income and expenses on only clicks away
- Tax Relief function
If you use QuickBooks 2014, the formula for calculating average cost is not the same as the formula we have just described. Instead of tracking purchases and quantity purchased, QuickBooks 2014 uses the following formula: Total current asset value of the item divided by the current quantity on hand. The QuickBooks formula isn’t wrong; that is, it isn’t against the rules of Generally Accepted Accounting Procedures. However, it isn’t as desirable as the common formula. (The seriousness of the problem with the QuickBooks formula increases if the item is expensive and the price changes frequently. The effect on your Balance Sheet and your Profit & Loss Statement could be significant.) An inexpensive add-on for QuickBooks that improves average costing is available from www.beyondtheledgers.com. On the Products page, look for Inventory Cost Adjuster. This program calculates the average cost of inventory items using the common average costing method and integrates the results into your QuickBooks company file.
Some accounting software (such as Quickbooks 2014) links the sales tax status to an item, and the item is linked to an income account. It’s common to link both taxable and nontaxable items to the same income account. The sales tax liability report is generated based on the item information in the sales transaction form, not on the account to which the sale is posted. Of course, it rarely works this well, because when you’re ready to take the day’s cash receipts to the bank, after you remove the money you want to remain in the till the total in the cash bag doesn’t match the total sales (your batch transaction doesn’t zero out). The solution is to track overages or shortages so that the sales match the bank deposit. To track over and short, it’s best to create an account named Over/Short of the type Other Income/Expense. Using an income or cost of sales account distorts the gross profit and could effect commission calculations. If your accounting software requires an item for each line of the transaction instead of entering an account (e.g. Quickbooks 2014), a discount item is already configured as a negative number, so you don’t enter a minus sign. QuickBooks and Peachtree use items in all customer transactions, including customer credit transactions. Because the credit is for an inventory item, the software brings the item back into inventory. After you issue the credit, do an inventory adjustment as described in the previous section to remove the item from inventory.
Inventory Location Tracking
QuickBooks is the most popular programs for small businesses, lack a “freeze” function, so you have to create a workaround. Create sales and inventory receipt transactions on paper, using a word processor. Print each transaction. Don’t unpack and shelve any inventory that’s delivered during the count. When the count is finished and the inventory adjustment is entered, then enter the transactions in your software and stock your shelves. Some accounting software provides location tracking. Unfortunately, neither Quickbooks 2014 nor Peachtree accounting (two popular programs for small businesses) can track multiple locations. You’ll either have to purchase an add-on or keep location information outside of your accounting software. However, if you have only one location for inventory and you want to be able to track the shelf/bin number for each item, both of those programs provide a feature called “Custom Fields” and you can create a custom field to track that information. Most accounting software that supports inventory is able to calculate inventory values for every method. Of the two accounting programs popular with small businesses (Quickbooks 2014 and Peachtree), only Peachtree offers all of these methods. Quickbooks 2014 only supports average cost.
If you’re using QuickBooks and your accountant feels that FIFO is better suited for your business, you can buy an inexpensive QuickBooks add-on named FIFO Calculator from the website. This add-on reads your transactions for inventory items and calculates inventory valuation as FIFO instead of average cost. The results are reported in Microsoft Excel. The program produces detailed reports for all inventory items, showing FIFO value calculation for each inventory transaction that affects valuation. Your accountant can use this data to adjust your general ledger and prepare your tax returns.