Caesar's Brook Babblings
QuickBooks News You Can Use
November 2008 - Vol 1, Issue 3
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QuickTip of the Month |
The Behind the Scenes Accounting
If you want to see the behind the scenes accounting in
QuickBooks, press CTRL-Y on any form in QuickBooks
-Invoice, Vendor Bill, Check, etc. - and QuickBooks will
show you the back-end Journal Entry in debits and credits.
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Welcome, |
Welcome to the November issue of Caesar's Brook
Babblings.
As this issue goes to press, I'll be off in Phoenix at the
Sleeter Group's annual
Accounting Software Consulting Conference. It's one
of the ways I stay on top of what is new in the QuickBooks
arena and continue to build my expertise so that I can
provide you with the best possible service. I'm sure to
bring home lots of new tips and tricks, so stay tuned.
Happy Thanksgiving!
Susan
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Tax Planning Reminder |
Tis the Season....for tax planning
If your fiscal year ends December 31st, right now is an
ideal time to pick up the phone and call your accountant
or tax preparer for a review of your books. Need some
clean up first?
Contact us.
Don't wait until it's too late to implement tax saving
strategies!
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Feature
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QuickBooks Backup and the TLG File
They say there are only two kinds of computer users -
those who have lost data and those who haven't lost it yet.
Speaking as one of the former, I can not stress strongly enough
the importance of backing up your QuickBooks data. You may be
thinking, "Oh, I've got this covered; we back up all our data
files nightly." An excellent start, but there are good reasons
to do manual backups from inside of QuickBooks in addition to
any remote or file copy backups that you do.
First, beginning with QuickBooks 2007 the backup file (.QBB)
contains everything you need to re-create your company file and
QuickBooks environment, including all of the QuickBooks files
(templates, letters, logos, and images) related to your company
file. It also backs up Financial Statement Designer, Cash Flow
Projector, Business Planner, and Loan Manager files. If you are
copying files rather than using the QuickBooks backup or if you
are running a version of QuickBooks prior to 2007, be sure you
are capturing all the necessary files. Not sure which ones you
need? Here's a pointer to an article that explains what all
those different QuickBooks
files do.
Second, QuickBooks backup includes several data verification
options. The Complete Verification Option checks both the
data in your database and the accuracy of your company file.
Intuit recommends running this verification at least once a
week as part of your regular backup routine. Quicker
Verification checks the data in your database, but does not
verify the accuracy of your company file.
Third, running a manual backup with complete verification
resets the .QBW.TLG file. Stored in the same folder as the
company file, the .QBW.TLG or Transaction Log file records all
changes to the company file before they are written to the
file by the database manager. If QuickBooks suddenly loses
connection to the company file for any reason, the .TLG file
will ensure that any in process transactions are recorded
correctly. If the .TLG file is not periodically reset, it can
grow very large and have adverse effects on QuickBooks
performance. QuickBooks Scheduled and Online Backups do not
verify the data or reset the .TLG file as these are performed
outside of QuickBooks.
In summary, your QuickBooks backup routine should contain the
following elements:
- QuickBooks backups or file copies of all QuickBooks
related files after each session or at the end of the day
- Weekly manual QuickBooks backups with complete
verification
And finally, remember that a backup is only as good
as your ability to recover the data. Store media off
site or use an online backup service and periodically test all
backup and restore procedures.
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Tech Tip: 2009 Online Banking |
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QuickBooks 2009 Online Banking Update
In last month's review of QuickBooks 2009 Features, I
mentioned that there was a complete rewrite of the Online
Banking feature. As is often the case with new software, a
number of issues have emerged. If you depend on the
online banking feature, I do not recommend that you upgrade to
2009 at this time.
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Product Review: Time to Time (Special Edition for QuickBooks
Users) |
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Tracking Time on Your Handheld
 When
I recently upgraded to a new smart phone, I went shopping for
a new time tracking application. Although the time
tracking application I ran on my old PDA was feature-rich, it
didn't provide any simple way to move the data from the PDA to
QuickBooks for billing. This resulted in time consuming and
error prone duplicate data entry.
Time to Time (Special Edition for QuickBooks Users)
from
Tom Thumb Software solved that problem handily. It has
both a desktop and a handheld component. You link the desktop
component to your QuickBooks file and transfer customers,
items, and classes to the handheld. On the handheld, you
track time by customer, item, and class either by entering a
start and stop time or by running a timer. You can add notes,
modify entries, and quickly see the total time worked by day
and customer.
When you synch your handheld with your desktop the time
entries transfer to a Time to Time Report module where you can
review and edit your time before transferring it to QuickBooks
with a single mouse click. The feature set is pretty basic,
but it gets the job done and I've been more than happy to
trade off the rarely used bells and whistles in my old program
for the seamless integration with QuickBooks.
Available in both Windows Mobile and Palm OS versions for
$49.95.
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I
hope you found these babblings useful. Your feedback is
important to me. Please drop
me a line and let me know what you think.
Sincerely,
Susan Dugdale
Caesar's Brook Business Solutions, LLC
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QuickBooks and QuickBooks ProAdvisor are
registered trademarks and/or registered service marks of
Intuit Inc.
Copyright © 2008 Caesar's Brook Business
Solutions-All Rights Reserved
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