In this candid discussion, Hector and Alicia delve into Intuit's recent introduction of QuickBooks Live Assisted Bookkeeping, a $50/month service aimed at providing enhanced support to QuickBooks users. They analyze the potential implications for accounting professionals, debating whether this offering presents an opportunity for collaboration or a threat of competition. With thought-provoking perspectives from both sides, they explore the evolving dynamics between Intuit and the accounting community, offering insights into how professionals can adapt and thrive in this changing landscape.

Sponsors
Relay - https://uqb.promo/relay
LiveFlow - https://uqb.promo/liveflow
Settle - https://uqb.promo/settle

• (00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast
• (02:04) - Exploring the New Service and Community Reactions
• (04:11) - Alicia's Perspective: The Bigger Picture and Industry Impact
• (11:59) - Dissecting the Technicalities and Future Implications
• (16:01) - The ProAdvisor Community and Intuit's Evolving Strategy
• (23:23) - Exploring Paid Support Options and ProAdvisor Involvement
• (25:22) - Analyzing the Financial Viability of QuickBooks Support Services
• (27:33) - Opportunities and Challenges in Training and Staffing
• (31:54) - The Impact of Intuit's Strategies on the Accounting Community
• (36:36) - Shareholder Perspectives vs. Ethical Considerations in Business Decisions
• (39:00) - The Future of Accounting Software and Professional Relationships
• (46:55) - Upcoming Events and Conferences for Accounting Professionals

• Hector's App - RightTool www.righttool.app
• Alicia's Training - RoyalWise http://royl.ws/uqapodcast
• QuickBooks Connect Conference www.quickbooksconnect.com
• Firm of the Future www.firmofthefuture.com
• https://royalwise.com/alicias-thoughts-about-qb-expert-assisted-bookkeeping/

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.

• (00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast
• (00:26) - Introduction to Journal Entries in QuickBooks Online
• (08:06) - The Complexities of Adjusting AR and AP in QuickBooks
• (18:46) - Advanced Journal Entry Techniques for Job Costing and Class Allocation
• (25:47) - When to Avoid Using Journal Entries
• (26:31) - QuickBooks Online: Reclassify Transactions Feature
• (27:32) - The Power and Limitations of QuickBooks Online Accountant
• (31:02) - Navigating QuickBooks Online: Importing Journal Entries
• (40:30) - Advanced QuickBooks Online Features: Adjusting Journal Entries
• (45:01) - Upcoming Courses and Personal Updates
• (47:11) - Reflections and Closing Thoughts

• Hector's App - RightTool www.righttool.app
• Alicia's Training - RoyalWise http://royl.ws/uqapodcast
• QuickBooks Connect Conference www.quickbooksconnect.com
• Firm 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.

Sponsors
ClientHub- https://uqb.promo/clienthub
LiveFlow - https://uqb.promo/liveflow
Harbor 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

• Hector's App - RightTool www.righttool.app
• Alicia's Training - RoyalWise http://royl.ws/uqapodcast
• QuickBooks Connect Conference www.quickbooksconnect.com
• Firm of the Future www.firmofthefuture.com