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Sponsored by:Managing Fixed Assets in QuickBooksWith sponsor:
Your HostsLiz ScottAccounting Lifeline@qbappyhourHeather SatterleySatterley Training & Consultingwww. theappyhour.com
Thank you to our ChampagneSponsor!The leading cloud hosting provider for accounting professionalsThis Photo by Unknown Author is licensed under CC BY-NC@qbappyhourwww. theappyhour.com
Thank you to this month’s sponsor!Fixed assets made easy very easy.@qbappyhourwww. theappyhour.com
Ash Beetson Director, Farscape Applications, Ltd 30 Years in Accounting/Bookkeeping Member of the Intuit Trainer/WriterNetwork UK Launched NettTracker in qbappyhourwww. theappyhour.com
Brad Celmainis Boss Guy, Brad Celmainis AccountingSolutions Located in Vancouver, Canada Industry Influencer www.bradcelmainis.com@BradCelmainis@qbappyhourwww. theappyhour.com
AgendaWelcome!‘Appy Hour Open Mic with Ash Beetson and Brad CelmainisLet’s raise a toast! This month’s app sponsor:Heather and Liz’s coolest thing we did this monthPreview of our next episode!@qbappyhourwww. theappyhour.com
‘Appy Hour Open Mic Discussion@qbappyhourwww. theappyhour.com
Managing Fixed AssetsFor clients who use QuickBooks Online@qbappyhourwww. theappyhour.com
Rule RecapBusinesses with audited financial statements (“applicable”) candeduct items up to 5,000 per invoice or itemSmall businesses (or without audited financial statements) candeduct items up to 2,500 per invoice or item@qbappyhourwww. theappyhour.com
Rule Recap@qbappyhourIRS will not challenge adeduction if:Amounts are substantiatedwith an invoiceBook and tax treatment arethe sameTaxpayer must include anelection in their returnwww. theappyhour.com
Ideas fortracking fixedassets in QBO@qbappyhourUse the Product/Services listAdd categories for each type of asset classUse Product/Services grid on expense transactionswww. theappyhour.com
Ideas for tracking fixed assetsin QBOCustomize a Purchases by Vendor Detail report@qbappyhourwww. theappyhour.com
Set upRecurringJournal Entries@qbappyhourwww. theappyhour.com
Common IssuesINCORRECTCATEGORIZATION@qbappyhourTOO MANYACCOUNTSREPORTS AREINCORRECTwww. theappyhour.com
Opportunitiesfor FirmsNew service offeringsFixed Asset managementCost segregation workBetter quality servicesMore accurate projectionsBetter info for tax projectionsHigher fees/rates@qbappyhourwww. theappyhour.com
It’s Time to Raise aToast to:@qbappyhourwww. theappyhour.com
NettTracker ShandyRecipe6 oz beer6 oz lemonadeGarnish: lemon sliceInstructions:Fill a glass halfway with beer,then fill the remaining half withlemonade. Garnish with alemon slice.@qbappyhourwww. theappyhour.com
fixed assets made easy .very easy!@qbappyhourwww. theappyhour.com
Ash Beetson Director, Farscape Applications, Ltd 30 Years in Accounting/Bookkeeping Member of the Intuit Trainer/WriterNetwork UK Launched NettTracker in qbappyhourwww. theappyhour.com
End-of-year fixed asset review in5simple steps(in under 5 minutes)@qbappyhourwww. theappyhour.com
5 Step Year-End Fixed Asset ReviewStep 1@qbappyhourwww. theappyhour.com
5 Step Year-End Fixed Asset ReviewReceive E-mail reminder@qbappyhourwww. theappyhour.com
5 Step Year-End Fixed Asset ReviewStep 2@qbappyhourwww. theappyhour.com
5 Step Year-End Fixed Asset ReviewLog-in and open company@qbappyhourwww. theappyhour.com
5 Step Year-End Fixed Asset ReviewStep 3@qbappyhourwww. theappyhour.com
5 Step Year-End Fixed Asset ReviewCheck Asset Register Summary Reconciliationnett value of all fixed assetsQuickBooks Online assetvalues per balance sheet@qbappyhourwww. theappyhour.com
5 Step Year-End Fixed Asset ReviewStep 4@qbappyhourwww. theappyhour.com
5 Step Year-End Fixed Asset ReviewReview Fixed Asset Register@qbappyhourwww. theappyhour.com
5 Step Year-End Fixed Asset ReviewStep 5@qbappyhourwww. theappyhour.com
5 Step Year-End Fixed Asset ReviewProcess Year-endAdjust depreciation calculation or changerule for next year if necessary@qbappyhourwww. theappyhour.com
5 Step Year-End Fixed Asset ReviewYear-End CompleteWhat has happened in QuickBooks Online?@qbappyhourwww. theappyhour.com
Entries made by nettTrackerAutomatic monthly journals@qbappyhourwww. theappyhour.com
Entries made by nettTrackerYear-end Journals@qbappyhourwww. theappyhour.com
fixed assets made easy .very easyFixed Asset Manager for QuickBooks Online@qbappyhourwww. theappyhour.com
Liz and Heather’s Coolestthing@qbappyhourwww. theappyhour.com
View recorded episodesConnect with sponsorsGet drink recipesRead our blogSend us a message Visit our websitetheappyhour.com
DON’T FORGET TO:Visit our sponsor’s website!Join The The ‘Appy Hour Lounge Facebook gister for Zoom so you can join the fun!@qbappyhourwww. theappyhour.com
UpcomingEpisodes@qbappyhour March 10 – Build a Desktop Ecosystem in the Cloud with RightNetworksMarch 24 – CommerceSyncApril 28 – ADP Special AnnouncementMay 12 – Vic.aiMay 26 – Deep Dive with Matthew Fulton and ADPJune 9 – Practice Ignition Panel Discussionwww. theappyhour.com
THANK YOU TO OUR SPONSORS:@qbappyhourwww. theappyhour.com
For clients who use QuickBooks Online @ qbappyhour www. theappyhour.com Rule Recap. Businesses with audited financial statements (“applicable”) can deduct items up to 5,000 per invoice or item . Add categories for each type of asset
