5 Reasons To Get Add-Ons For QuickBooks

With the accelerating growth of an accounting firm, the requirements and demands also increase. QuickBooks is a software that sits fit through all these phases of growth. QuickBooks hosting on the cloud caters to all the accounting needs. However complex or easy the accounting process be, QuickBooks is the right answer to all of it.

When an application or a software is hosted to the cloud, it’s horizons expand and so does it’s functionality. This is where the add-ons come into play. Add-ons are third-party applications, which when integrated with QuickBooks, help in accomplishing an array of tasks like cash and inventory management.

Let’s know how integrating Add-ons with QuickBooks would help in ameliorating your accounting experience:

1. Payment Methods

Its only fair to say that we live in the age of partial payments and attractive EMIs, no one really wants to pay full price upfront or is willing to commit to one single plan for a long duration. Periodic payments are preferred by clients as it helps them budget better and strategize their plans. If you have such clients, then QuickBooks add-ons such as Bill & Pay is the perfect fit for you, it gives you an automated payment feature. It helps in regulating the frequency, fees of the payments being made and also helps out by updating the balance of the invoice in QuickBooks.

2. Stock Management

When we say that QuickBooks is a meticulous software known for its business relativity, we stand by it. But what we also identify is the fact that a little help in the area of inventory management would complement QuickBooks even better. QuickBooks add-ons like Fishbowl Inventory prove to be a game-changer when it comes to inventory management. It provides useful features such as stock tracking by using the serial number, providing worldwide inventory support, along with the pricing history of specific items.

3. Paperless Documentation

As every business in the world is quickly moving towards paperless and electronic methods to save the environment and go green, QuickBooks add-ons act as a catalyst, a pro-support in this entire process while increasing work efficiency. It becomes very easy to store the files and documents when using QuickBooks add-ons. A number of these add-on applications let you complete your task by just having to scan and attach the data with invoices, bills. Going the electronic way of documentation with these QuickBooks add-ons, lets you store all the data in one place, thus making auditing and examining files, an easy task.

4. Employee Management

The team, the employees form the base of any organization. They are the molding pillars for the success of a business. With QuickBooks add-ons, you get the facility of managing the employees with efficient time tracking. From assigning tasks to managing work schedules all of this can be done in a jiffy with add-on apps like Count Me, which makes it very easy to clock the time of the employees. It comes with the added benefit of tracking time even without an internet connection and provides the updates when the system regains connectivity and is online again.

5. Cashflow Forecasting

Having QuickBooks add-ons lets you keep the company’s finances in order. It enables CPAs to be on top of their number and finance game, letting them spear ahead. These add-on apps allow streamlining all the invoices and bills generated from QuickBooks. Integrating add-ons with the QuickBooks, eliminates vestigial hand-operated tasks such as data entry, which in turn increases accuracy in lesser time.

To Sum it Up

QuickBooks is undoubtedly the most exceptional and useful software when it comes to Small and medium businesses. It is brimmed with features and helps in easing out a number of accounting chores. But with sporadic growth of a business, new needs and a lot of changes arise, to accomplice all this, getting Add-ons almost becomes a mandate. QuickBooks Add-ons make an already excellent software, even better. Features like easy expense management, stock tracking, and paperless documentation are features that this rapid pace industry is bound to appreciate.

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11 Reasons Why Your Company Needs CFO Services

CFO services can take your business to the next level, helping you achieve your goals much sooner. While larger corporations may be able to afford a full-time CFO and accounting team, small businesses have to allocate their budget wisely. Your organization can benefit from years of experience and financial expertise without having to commit your resources to a full-time CFO.

If you are looking for advice or guidance for your business or you need help getting through a crisis period, an outsourced CFO might be your answer. Keep reading for 11 reasons why you should hire part-time CFO services.

1. Part-time CFOs are more cost efficient.

With outsourced CFO services, you only pay for the services you need. You can budget your CFO services exactly because you pay by the hour. Your business likely does not require the same level of support every month. Your part-time CFO works and bills you when you need advice or assistance. If you do not need as much support one month, you do not have to pay.

In addition to the savings of a full-time salary, you also do not have to provide benefits or other incentives. Your part-time CFO does not get paid a bonus by your company, and you do not have to provide extra perks to retain an employee. You can also save yourself the time and headache of hiring a new employee if you contact a business that provides such services.

2. They provide budgeting advice and mentoring.

Small business owners or entrepreneurs are experts in their field, and that field might not be accounting. You can ensure your business is financially solid by trusting a part-time CFO with your budgeting needs. Such services can help maintain your budget and keep you updated on every aspect of the financials for your business.

Your part-time CFO can also provide mentoring for you and your team. Whether you need help training your own financial team or you just want to learn the ropes for yourself, you can contract CFO services to help.

3. You will receive strategic analysis.

A CFO can do so much more than help with the finances for your company. Your part-time resource can assist with goal setting and strategy development, creating milestones for financial goals and non-financial goals alike. The strategic analysis, such as risks or threats, provided by such services can be essential for your business, setting you apart from the competition.

4. Their advice and guidance is easy to understand.

You do not have to be a financial expert to understand your CFO. While full-time CFOs tend to get bogged down in industry and company jargon, a part-time CFO serves a wider range of clients. They are used to providing analyses and explanations in a language that everyone on your team can understand. Not only can such an individual communicate directly with you, they can also provide crucial information for your investors, stakeholders, and team.

5. Outsourced CFOs have a wider range of experience.

Your part-time CFO is constantly learning and growing their own set of skills. They are likely working with multiple companies across various industries while serving your business. This wide range of experience can greatly benefit your organization as your outsourced CFO shares insights into what makes other organizations successful.

6. You can receive crisis management support.

Nobody wants to think about their business experiencing a time of crisis, but major losses or setbacks do happen. Instead of panicking during that time, you can trust your business with an experienced CFO. Your outsourced CFO can help guide you through the difficult period, providing advice and suggestions to help cut costs, improve cashflow, rework budgets, and raise funds. With a part-time CFO, you will not have to spend your precious resources on a full-time employee during a stormy season.

7. Part-time CFOs can establish reporting systems.

Whether you utilize the services of a part-time CFO for an ongoing basis or a limited period of time, they can help establish reporting systems that you can use for years to come. They have access to the top financial and reporting systems and can help determine which metrics and tools work best for your organization.

Your CFO can provide insight into managing your business’ financials and communicating your metrics to key stakeholders. They can also guide your team, helping them create the best reports for your organization. Utilizing a part-time CFO for even a short period can provide lasting benefits for your bottom line.

8. They provide sound advice for business leaders.

Sometimes you just need a sounding board. Whether you are a seasoned pro or starting your first business, it can be stressful work. Entrepreneurs and business leaders are under immense pressure and often feel alone with the burdens they carry. Your part-time CFO is able to serve as a sounding board, mentor, or personal advisor. With their years of experience they can provide valuable insight into the road ahead and act as an outside set of eyes.

9. You can increase your business network.

Your outsourced CFO has worked with many clients and served various industries throughout their career. Along the way, they have likely picked up some impressive contacts, building a network or professionals and business leaders. Your part-time CFO can help connect you to the right people, providing support for every aspect of your business. They can also lean on the assistance of other CFOs if you are facing a unique challenge or something outside of their experience.

10. Part-time CFO services are flexible.

With CFO services, you are not entering a long-term commitment. You have the flexibility to decide when you need assistance and what type of support you want for your business. The role and functions of your part-time CFO are entirely within your control, and you can alter them if needed. As your business grows, your needs are likely to change as well, and your outsourced CFO can meet those changes with you.

11. You can focus on your business.

If financials are not your thing, your part-time CFO can free up your time to focus on what you do best. Instead of spending countless hours trying to attain a certain level of financial knowledge, you can trust an experienced CFO. You can also decide which roles your part-time CFO takes on, including meeting with investors, managing stakeholder relations, and providing training for your team. With a more open schedule, you can keep your focus on growing your business.

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Why a Financial Forecast Is Essential for Your Business

A part-time CFO may be what your business needs to navigate today’s complex business environment. Business leaders and CEOs are busy. With little precious time, it can seem impossible to add one more thing to your plate. Financial forecasts may be common knowledge, but few CEOs actually have the time to build a financial forecast for their business. From lack of time to a shortage of resources, there are many reasons you may not have a financial forecast already.

However, this simple tool can work wonders for the future of your business and provide the competitive advantage you need to succeed. Keep reading to learn why a financial forecast is important and how to build one without wasting your time.

What is a financial forecast?
Financial forecasts are most commonly used to predict the financial outcomes for a company. The expenses and income for a business are estimated over a certain period of time, typically one year. Historical data, including accounting and sales, as well as external data from the market or key economic indicators can be used to develop a financial forecast.

Companies utilize financial forecasts to set expectations for the future and determine what is realistically possible for a business. Financial forecasts can also be specific to a certain area of the business. For example, a company may develop a financial forecast for sales.

Why should you create a financial forecast?
As a CEO or entrepreneur, your time is valuable. Much of your focus and effort is spent on seeking new business opportunities, investing in marketing and sales, and looking for new avenues of growth. All of these pursuits are worth your time, but they leave little room for much else.

Financial forecasts get shoved to the backburner all too often. While business leaders recognize their importance, and even intend to create forecasts, they are overlooked due to more pressing matters. A financial forecast may not help you instantly move the needle in the same way other executive moves can, but it will set your business up for long-term success. Financial forecasts provide more than just a simple outlook for the future. They offer a roadmap for your business to follow, setting goals and measuring success along the way.

Gain a clear direction for the future
You likely have sales targets, revenue goals, and growth strategies in plan for the foreseeable future. Reporting for each month, quarter, and year is common among businesses. In fact, it is so common that it often turns into a routine. Have you stopped to think lately about why you project the numbers you do, or what the overall goal is for your business?

Without a clear direction for the future, you are left setting arbitrary goals. Creating a financial model forces you to put concrete plans and expectations down on paper. A one-year financial forecast based on the current path and trajectory of your business is a great place to start. Pay attention to where your business will end up if things continue as they are. Is that where you want your business to be in one year? Are you moving towards your big-picture goals?

A financial model provides a visual representation of the future of your business, so you can decide if things need to change. Approaching your business goals with intention, instead of falling into old patterns, can breathe new life into your company. Also, taking purposeful steps can make you more likely to reach your goals than wondering aimlessly.

Adjust early and often
In business, companies that can pivot are able to survive. Businesses that cannot make adjustments as needed will quickly fall behind the competition. Thankfully, a well thought out forecast can help position you to make adjustments quickly and often. Even the most thought-out plans hit roadblocks from time to time, so preparing for change is essential.

When you build a sound forecast, you set a target or a goal. Over time, you may find yourself moving towards that target too slowly or faster than expected. You may also realize that the initial target you set no longer makes good business sense. Whatever the case, having a financial forecast enables you to line up your expectations with reality.

The sooner you can identify mistakes or notice when things go off-target, the faster you can make the necessary adjustments to get back on course. Instead of reviewing your company’s performance at the end of the year, when it is too late to make changes, use a financial forecast to provide accountability along the way.

Focus on the right KPIs
You likely have countless reports and files of data sitting on your computer. As a business leader, analyzing your company’s performance is a key part of your job. However, there are likely some numbers or metrics you value above the rest. By creating a financial forecast, you can highlight the key performance indicators that make the most sense for your business and cut out the rest of the clutter.

By focusing your attention on the KPIs that move the needle for your business, you can more accurately determine your progress. You can also recognize shortcomings earlier because they are no longer buried under mounds of unnecessary data. Dialing in on your KPIs provides an added level of focus for your business, helping you gain an edge over the competition.

Plan for multiple scenarios
Ideas, big and small, are what keep businesses running. However, tackling a new idea can be a great risk. Investing time and money into a project that does not bring about results can drain your resources, and so can successful ventures that are not planned properly. Forecasts can help you work through what-if scenarios, determining what the result might look like if an initiative succeeds or not.

With the numbers from your forecasting, you can also more accurately predict what the outcome of a scenario would mean for your business. How will it impact the rest of your organization? Financial forecasts enable you to test your theories and walk through ideas without taking a major risk or wasting resources.

Work smarter when you know your numbers
Financial forecasting might sound all fine and good, but what do you do if you do not have the time or resources to build your own? Business leaders can work smarter by contracting out their financial forecast. You do not have to invest in hiring a full-time employee, and you leave your schedule open to focus on running your business.

A part-time CFO can develop your finance forecasts, providing an unbiased look at your data. You can work with a CFO only when necessary, paying a fraction of the cost of an in-house executive. Experienced consultants, like those at K38 Consulting, bring industry specific expertise to help you realize your growth potential and build financial forecasts.

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Monograms – Engrave Special Moments!

Special life moments require a unique type of gift. Monogram gifts make special occasions like birthdays and weddings a little more personal. A monogram is a decorative motif that uses one, two or more letters of a person’s name, usually in a fancy font. In most circumstances, the letters used are the initials of the person receiving the gift.

Monogram Styles and Arrangements

A monogram comes in many different styles and arrangements. The arrangement of the initials can vary based on the recipient of the gift being given. These are the common types of monograms that might be seen:

The initial style monogram
uses a one-letter monogram, usually a first or last initial, or the letter of a company

Block style
popularly used in three-letter monograms, letters are all the same size and width

Traditional style
typically used with names in a three-initial format, the middle letter represents the first letter of the last name and is slightly larger than the side letters which are indicative of the first and middle name

Stacked style
used best with the three-letter monograms, the first and middle initials are stacked and placed to the left of the initial of the last name

Interlocking
used with fonts that have flourishes on them, allowing the elements to touch one another

Circle monogram
a style that works best with two or three-letter monograms, letters are fit inside and in the shape of a circle

Diamond
works in the same way as the circle monogram, only the letters are enclosed in a diamond shape or take the shape of a diamond

Split-Letter
a small space overlaps the initial character, and this space can contain the entire word that the initial letter stands for

Different Ways To Monogram

Monograms can be created using the font and arrangement that fits the occasion. Many monogrammed gifts are often made by etching or engraving the monogram into the gift. An example of these is jewelry, drinking glasses, wooden keepsakes, etc.

Other ways to monogram include embroidery and vinyl decals. Many jackets or polo shirts may be emblazoned with the monogram of a company or the owner in embroidered letters. These letters can also be done in various fonts. Vinyl decals are made for items like plastic tumblers and car windows.

Why Monogram?

Monograms are a great way to make a gift personal for the recipient. Most monogram gifts are also functional, meaning that the recipient can use it instead of just sitting it on a shelf. For special occasions, using monograms provide a personal experience and shows the thought of the person giving the gift.

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5 Tips to Take Care of Your Newly Replaced Windshield

Have you just had your windshield replaced? If so, you are on the right page. In this article, we are going to share with you a couple of tips that will help you take care of your newly replaced windshield. With these tips on your mind, you can prevent further damage and save a lot of money. Without further ado, let’s take a look at 5 of the tips that you may want to consider. Read on to find out more.

Be Gentle

After you have got your windshield replaced, make sure you get at least 60 minutes before taking your car outside on the road. The thing is that the adhesive requires at least a couple of minutes to get hard and set. If you don’t give it enough time to settle down, the windshield won’t be able to fit firmly into the frame. And this can be disastrous and can have a negative impact on the structural integrity of your car.

Apart from this, it can cost you a good deal of money as you will have to spend more money to reinstall the glass. For the next 24 hours, you should be very gentle with your vehicle. In other words, you should shut the doors of your car gently and drive it on even roads.

Keep the Retention Tape in place

Although removing the retention tape won’t make your car look ugly, it plays a great role in fixing the position of the molding in addition to keeping the glass in place. Therefore, you may want to wait at least 24 to 48 hours before you drive your car just like before. Therefore, it is a good idea to leave the retention tape untouched if you want to be on the safe side.

Don’t Wash Your Car

For the next 24 hours, don’t think about a car wash. In fact, you don’t even try to wash the car yourself. Ideally, you may want to wait for at least two to three days before you take your car for a car wash. This is of paramount importance.

Keep a Window Open

The integrity of your vehicle windshield will be negatively impacted if the air pressure inside the cabin continues to build up. Therefore, we suggest that you keep at least one window open slightly. This will allow the hot air to escape the vehicle and prevent any cracks or leaks. This step is quite important if you want to equalize the pressure inside your car.

Change Your Route

If you had to replace your car windshield due to rough roads, we suggest that you take an alternate route. In other words, you may want to drive along a different route, in addition, to park it in a shady spot.

Replacing your car windshield costs a great deal of money. Therefore, you may want to get it done by a professional and follow the steps given in this article. This will help you make sure that the windshield stays in place.

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Common Questions About Machine Learning

In this article, we are going to talk about machine learning. We will answer a lot of common questions that most people may have on their minds. Without further ado, let’s get into details. Read on.

1. What is Machine Learning?

Machine learning is a type of (AI), aka Artificial Intelligence that empowers a system to learn and make decisions itself without being programmed. These algorithms make the computer smart enough so that it can make choices on the basis of the data it has without any human intervention. The primary aim is to make algorithms that allow a system to learn and make their own decisions in future, based on the past data.

2. Why do we need Machine Learning?

Given below are some of the reasons we use these in the here and now.

2.2. Prediction while Traveling

We all have been using GPS system while traveling in our lives. Whenever you book a cab it tells you the approximated fare and time required to reach your destination. How does your smart phone do that? The answer is machine learning! It calculates the velocities and location of our vehicles. based on this information, it even tells us if there is traffic jam on this road. The programmers did not program the computer to tell you that there is a traffic jam, but they designed a system that makes smart decisions on the basis of past and current events of people who passed by that area. Plus, it warns you about the traffic jam.

2.3. Search Engine Optimization

web search engines automatically show you the accurate results based upon your location and past searches. Programmers don’t program it to show you those results, but it gives accurate results within seconds according to your interests and recent searches.

2.4. Spam Mail Classification

In our email boxes, the system automatically classifies some emails as spam or junk mails and some mails as primary mails that could be very important for us. The system is never wrong and it is all possible with the help of these learnings.

3. Types of Machine Learning:

The basic idea of machine learning is the same for all types but it has been further divided into 3 following types:

3.1. Supervised Learning Supervised learning is one of the most popular types of machine learning and it is easy to understand and implement. In this type, the algorithm is trained on given data but and the data needs to be labelled. You allow the system to predict the data and you make corrections if the predictions it makes are not accurate enough.

3.2. Unsupervised Machine Learning

Unsupervised machine learning works without any labeled data but you have to provide a lot of data so that the system understands the properties that provide a base for the decision it has to make. This can improve the productivity in a lot of fields.

3.3. Reinforcement Learning

It is based upon trial and error methods. The system makes mistakes and learns from them in order to avoid these mistakes again. For example, in a maze, when the system fails to find a path, it won’t go on the same path again because it knows that the path doesn’t work. It labels positive outcomes and negative outcomes and runs on the basis of these outcomes.

In short, these were some of the common questions about machine learning. Hopefully, the answers to these questions will help you get a deeper insight into this field of science.

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Coastal Beach Farmhouse Interiors

The coastal farmhouse beach home is a sanctuary of warmth, comfort and serenity, simple and understated yet alive with your creative design elements. An exciting blend of farmhouse and coastal design it mixes elements of the old world rustic charm and new clean lines, using natural reclaimed wood, earthing metal and distressed vintage furniture to give your home a clean, and earthy look. The coastal style brings elements of the water into your home and brings in the vibes of peace and tranquility. These two styles blend together to bring an earthing yet invigorating interior to your home.

This gorgeous living room with a rustic blue patina sideboard and a huge antique arch floor mirror brings in elements of the coastal farmhouse style. The stunning farmhouse old door coffee table uses reclaimed woods and studded iron, and the cool, airy translucent sheer curtains give a coastal feel to the room. Turquoise, aqua and teal pillows on a white sofa chaise gives a laid back luxurious ambiance.

The kitchen is the main focus of the house as we all love a well prepared meal and there is nothing like a family cooking together. The dining table is custom- made from old carved doors with beautiful unique detail. With eight stylistic chairs, each upholstered in different fabrics, selected individually by each family member, the uniqueness in design is quaint and exotic. Warm red paisley mixed with teal blues bring out the patina of the old woods in the table. Sheer white self checkered curtains and beach greenery brings in the coastal vibe. Stainless steel ultra modern appliances and of course the table would be incomplete without vintage glass bottles and mason jars. Shells and driftwood complete the setting.

Bring in the tranquility of the beach into your home office with these natural wood antique barndoors carved in florals and ocean waves. The office table is made from brass cladded vintage doors and the legs are painted a deep ocean blue. State of the art computers and a huge television screen hangs in front of the desk for virtual meetings. A huge magnificently detailed arched bookcase houses your collection of books, shells and driftwood while the cool watery blue and frothy white twill upholstered office chair is the coastal element. Earthy rustic armoires with vintage carved floral detail in whitewash play with the blue blown glass jar that carries a beautiful arrangement of palm fronds and pampas grass.

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Know Your Rights: Choose a Doctor for Your L&I Claim or Workers’ Compensation Claim

In Washington State, work injury claimants have the right to choose their doctor or attending provider (AP) for their claim. This right is part of RCW 51.36.010. Surprisingly, many people that suffer a workplace injury don’t know that they can select their own doctor. Yet, the only requirement is that the doctor or the provider must be part of the L&I Medical Provider Network (MPN).

L&I claim and your right to choose a doctor

There are many reasons for which people with an L&I claim or a workers’ compensation claim are unaware of their rights. Explicitly, the main reasons I see include:

• Not understanding how a workers’ compensation claim works. Most people never had a L&I claim They don’t know what an attending provider is, or what is their role. In fact, the attending provider has a very important role in L&I claims. This provider manages treatment, reports progress, and provides critical assessments throughout the claim. Therefore, it’s important for work injury claimants to choose a doctor or provider who will help them recover and manage their claim productively.

• Not realizing how a provider becomes their attending physician. Often, the Department of Labor and Industries (L&I) considers the provider that filed the application for benefits as the attending physician. If that provider is an urgent care provider, it’s unlikely they’ll agree to be the attending provider on the workers’ comp claim. If you had a workplace injury and treated in emergency setting, you should seek follow-up care from another doctor that will be an effective AP.

Making your own decisions in your L&I claim

In addition to the reasons above, there are other cases where work injury victims follow recommendations from others. In practice, many recommendations don’t help you choose the right provider for your claim. Such cases include:

• Being directed to a specific clinic or medical provider. Frequently, work injury claimants tell me their employer told them to see a specific doctor for initial treatment. Then, when they report their injury back at work, the employer provides the name and address of a specific medical provider or clinic for further treatment. Here, claimants are usually under the impression they can only see that provider.

• Getting referral to occupational medicine doctors from a primary care physician (PCP). Some people ask their primary care doctor for guidance after a work injury. Some PCPs are members of the MPN and can easily become the attending provider. Often, this is an ideal situation. However, when the PCP is part of a large medical group, the work injury claimant gets a referral to the “occupational medicine” division of the same group. These groups are often a L&I COHE. This practice is common at The Everett Clinic and Kaiser Permanente, among others. Yet, many folks with an L&I claim or a workers’ comp claim don’t realize they don’t have to get treatment there. Regardless of insurance, workplace injury claimants can treat with any provider in the MPN. Even if the attending doctor isn’t part of the same medical group as their primary doctor.

Changing a doctor in your L&I claim

There is no doubt that the attending provider has a critical role in a workman’s compensation claim. One key right is the ability to choose the doctor for your claim. Moreover, with some narrow exceptions, you also have the right to change the doctor for an L&I claim. Changing the attending provider is very simple. More explicitly, you can download and fill the Transfer of Care form (from the L&I website) and send it to your claim manager. As always, keep a record of all communications. This way, you can track and document your decision to designate a new provider.

Final remarks

In summary, the attending provider plays a very important role in workers’ compensation claims. And remember – people with a work injury claim have the right to choose their attending provider. Therefore, it’s important to choose a physician that’s going to focus on helping you get better and will help move the claim forward productively. Finally, if your attending physician isn’t right for you, then you have the right to switch to a different provider.

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