IAC Professionals » Step 1 http://www.iacprofessionals.com/blog Accounting & Bookkeeping Mumbo Wed, 01 Feb 2012 08:00:18 +0000 en hourly 1 http://wordpress.org/?v=3.0.5 Transform Your Business With Spreadsheet Accounting – Part 3 http://www.iacprofessionals.com/blog/2010/04/transform-your-business-with-spreadsheet-accounting-%e2%80%93-part-3/ http://www.iacprofessionals.com/blog/2010/04/transform-your-business-with-spreadsheet-accounting-%e2%80%93-part-3/#comments Wed, 21 Apr 2010 13:37:27 +0000 Heather http://www.iacprofessionals.com/blog/?p=93 In the first blog post in this series I introduced you to the 3 key spreadsheets that every business needs and I gave you a really quick-and-dirty way to set up the three spreadsheets in one Excel file. In the second blog post in this series, I talked about the relationship between all three spreadsheets.

I’m realistic enough to realize that financial statements can seem complex and unwieldy at the best of times, which I’ve been walking you slowly through the details that I felt you needed to know. And I was planning to show you how to build the three spreadsheets yourself. But I’ve got good news for you: In the last blog post of this series, I’m going to make it really easy for you! I’m going to link you to one free file that you can download that will GIVE you all three spreadsheets in a single Excel file. Here’s how to get it and use it:

Step 1: Download the Consolidated Report Template from the Microsoft Office site in the template section.

Step 2: Unzip it and open it. (You need to have Microsoft Excel 2003 or later).

Step 3: Start using it! It’s divided up by months and all three of the statements are conveniently located on one sheet. It’s already formatted and encoded for you! By entering a number into a cell, you’ll notice that many of the other numbers are impacted by the cell’s information. Simply zero out all of the numbers, fill in your own details, and watch your balance sheet, income statement, and cash flow statement auto-fill as you go.

Financial spreadsheets are powerful and should be used by your business. They can guide you to make better decisions and understand your business deeply. Unfortunately, business owners fail to take the time to understand their spreadsheets so these spreadsheets end up diminishing in usefulness. Use your spreadsheets, put them to work for you and your business will run better because of it!

]]> http://www.iacprofessionals.com/blog/2010/04/transform-your-business-with-spreadsheet-accounting-%e2%80%93-part-3/feed/ 0 Setting up a new customer or client in QuickBooks http://www.iacprofessionals.com/blog/2010/02/setting-up-a-new-customer-or-client-in-quickbooks/ http://www.iacprofessionals.com/blog/2010/02/setting-up-a-new-customer-or-client-in-quickbooks/#comments Mon, 01 Feb 2010 03:48:47 +0000 Heather http://www.iacprofessionals.com/blog/?p=28 This is a very simple blog post on how to set up a new client or customer in QuickBooks.

Step by Step:

1. Open QuickBooks

2. On your Menu bar click Customer Center

3. Click New Customer & Job and then New Customer

4. At a bare minimum enter your customer name up top in the Customer Name field

5. Enter any other additional information that may be pertinent or that you will need. I always say the more the merrier, but some companies may have an external CRM system or outside Invoicing application and may not need all of the full details of every customer inside of QuickBooks.

6. Press Okay and Voila! You have a new customer.

Note: Instructions and Screen-shots in this blog post are based on QuickBooks Premier 2009, visuals or steps may vary by edition.

]]> http://www.iacprofessionals.com/blog/2010/02/setting-up-a-new-customer-or-client-in-quickbooks/feed/ 0