May 2011 Edition

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Feature Article:
A Federal Mandate Means the Electronic Payments Trend is Reaching Critical Mass

The efficiency with which we handle paper checks has resulted in the U.S. lagging far behind Europe in the transition away from paper toward electronic payment as a mandatory practice. However, we may not lag behind for long, as the trend involving the use of electronic means rather than paper and ink to move information around is gaining momentum.



Ideas In Motion:
Andrew Poulos: Entrepreneur for Life

Meet Andrew Poulos, he’s 50% salesman, 50% tax expert and 100% entrepreneur. Since 1995, Andrew has worked with small business owners and individuals to lower their tax liabilities and provide business consulting through a bottom line-focused approach to solving problems. His latest venture, the QuickBooks Ultimate Lesson Guide 2011 DVD series, teaches the fundamentals of QuickBooks to CPAs, accounting and tax professionals; business owners; or those seeking employment. Recently, I sat down with Andrew to talk about how his business, his innovative background and the risk he took in producing his own DVD series.

Ideas in Motion is a monthly column designed to focus on best practices within CPA firms and organizations involved in providing technology related services.


Accounting Concepts:
Financial Reporting and Consolidation: Designing Financial Reports - Part 8

This is the 8th article in a series about Financial Reporting and Consolidation. The following article focuses on different approaches for consolidated financial reporting such as using spreadsheets or built in financial report writer. This material is adapted from The Automated Accounting Systems and Procedures Handbook (John Wiley, New York 1991) Chapter 12.

This column presents a new accounting system concept each month that may be applicable to your organization.

BillQuick – Time, Billing and Project Management

With BillQuick, all your critical business functions—time and expense tracking, project management, billing and accounts payable—are in one system. If you are already using QuickBooks®, Peachtree Accounting® or MYOB®, you can leverage your existing investment by integrating with BillQuick. You can also get the mobility you desire with BQE’s feature-rich SaaS product which also comes with an iPhone and Android mobile app.

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