Free Class: Intro to Accounting & Bookkeeping

Royalwise Solutions is offering a free class for business owners. Below is the description from their website:

Entrepreneurs and new business owners are experts in their field and have a passion for what they do…but if they were good at bookkeeping, they would have become bookkeepers! This class is a great introduction to the business behind business. What do you need to know about record-keeping in order to succeed? We’ll look at: The importance of good record keeping, saving receipts, bookkeeping options like QB, web-based systems including QBO and Xero, using an iPad to write up estimates in the field, using an iPhone to take credit cards, when do you need a bookkeeper. Estimates to invoices to payments. The world of QB apps like Tsheets for timecards and Bill.com for A/P.

You can watch the class live, or watch a recording later. Register at the bottom of this web page.

Best SaaS Company: Xero

Xero has been named the Best SaaS company by the Cloud Computing Awards program. The program is seven years old, and “celebrates excellence and innovation in the rapid-growth cloud computing market. The awards program accepts entries from across the world, from organizations of all sizes.”

Xero itself was founded 10 years ago, and currently employs more than 1,600 team members worldwide. It is the second largest cloud accounting program in the United States (surpassed only by QuickBooks Online).

And the Winner is…Xero

QuickBooks Desktop to Disappear

QuickBooks Online (QBO) inspires both love and hate. Long-time users of QuickBooks Desktop (QBD) who almost fully utilize its advanced features usually hate QBO. QBO users, on the other hand, love the convenience of secure, real-time, anywhere access to their books.

Unfortunately, as anyone who works with Intuit products can easily discern, Intuit is focusing its efforts on QBO. Most industry analysts expect that, as QBO improves, QBD will eventually disappear.

Charlie Russell with the Accountex Report has written a series of articles that constitute an in-depth analysis. Here are the first two.

  1. Intuit and the Future of QuickBooks
  2. QuickBooks Online is the Future for Intuit

NEW Facebook Users’ Groups

Today I launched two new Facebook groups – one for QuickBooks Online (QBO) users, and one for Xero users. Membership in both groups is restricted to residents of Huntsville, or another town in north Alabama. Please note you must be logged into Facebook to access these links.

In these groups, we’ll answer member questions and share tips and tricks for each cloud-based accounting app.