September 7th Meeting Notes - Data: Bring it in or leave it out?

Meeting Minutes Bullet Points September 7, 2017

  • The September 7 meeting was held at the Meals on Wheels location in SW Portland.
  • The speaker for the September 7 meeting was Melissa Barton. Melissa’s topic for the meeting was “Data – Bring it in or leave it Out?”  The high points of her presentation are stated below.
  1. What Kind of Data Could You Bring In?
    1. Databases, sales contracts, timesheets, fixed assets.
    2. Software to assist in bringing in data: Clio, Square, Lightspeed, Esty, Bill4Time, Gusto, MJ Freeway,  Biotrack, SalesForce.
  2. Why Should I Bring Data In?
    1. Balance Sheet may be incorrect without bringing in data
    2. Clients may be using outside systems that aren’t reconciled to your books.
  3. Why Shouldn’t I Bring Data In?
    1. Burden of bringing data in
    2. Too much data to bring in
    3. Not enough data to bring in
    4. Possibly inaccurate data
  4. How Should I Bring Data In?
    1. Sync
    2. Manual upload
    3. Run report and enter manually
    4. Enter adjusting journal entries
  5. How to Bring Information In?
    1. Mapping for integration
    2. Create a manual for yourself and client
  6. Make sure your system is maintainable
    1. Melissa uses Zoom meetings with clients. It is free if you stay under 50 minutes per meeting and is $15/month thereafter
  • Alicia mentioned that on October 5 she is doing a QBO tips and tricks presentation.
  • Our All Star Accounting Professional group will host a “Meet Our Members” event on October 26, 2017. The purpose is to invite other accounting professionals to grow our group and expand the expertise and collaboration of our members.  Kim will be emailing out an evite and RSVP for this event which will be held at the Meals on Wheels location at 7710 SW 31st Avenue, Portland 97219.
  • During the month of December, we get together for lunch and socialization in lieu of our regular meeting. We will post the date and location for our luncheon soon.  As a reminder, our group does not meet in January due to the heavy workload that month.
  • We will be launching an opportunity for members to give a two-minute commercial about their business and services in exchange for providing a $10 or $15 gift card during our monthly meetings.
  • If you are interested in joining our non-profit group, the first meeting is complimentary. Please complete an online application and pay the annual dues before the second meeting.  The application may be found at asappdx.com.
  • Next meeting is Thursday, October 5 at the Meals and Wheels location at 7710 SW 31st Avenue, Portland 97219.

July 6th 2017 Meeting Minutes - The Cloud Ecosystem

ALL STAR ACCOUNTING PROFESSIONALS, INC. Meeting Minutes

July 6, 2017

The June 6 meeting was held at the Meals on Wheels building located at 7710 SW 31st Avenue in Portland.  President Kim Boaz opened the meeting by having guests introduce themselves.  Regular members then introduced themselves, giving shout outs to fellow members and mentioning any needs.

Renee Trump, membership & promotions coordinator of All Star Accounting Professionals, Inc. was the speaker for today’s meeting on the topic of The Cloud Accounting Ecosystem.  Renee is an owner with the firm of Pasaban Accounting Solutions and has a number of years of experience with accounting including experience at a law firm and in the hospitality industry.  Renee stated that collaboration allows us to do more than we can do ourselves.  Per research, 65% of users use the cloud for bookkeeping; 43% use smartphones to help run their business and 65% use the cloud for invoicing and payments.  The benefits include real time information for decision making and the ability to provide advisory services for clients.  Renee next discussed Defining the Workflow Adoption Curve which can be found at https://content.hubdoc.com/hubdoc-blog/defining-the-workflow-adoption-curve.  This site shows the six stages of the workflow adoption curve, including awareness, research, trial period, initial adoption, client migration and workflow mastery.  In the “Get Visual” portion of her presentation, Renee explained the main software her firm, Pasaban Accounting Solutions, uses to capture and report information.  Pasaban uses Bill.com which allows invoices to be entered quickly and easily, permits approval of the bill and scheduling of the payment, including the method of payment.  Hubdoc automatically pulls bills and statements into one secure hub so you don’t need to log onto multiple sites each month to gather recurring bills.  QuickBooks Online is used as the main accounting software and Futrli allows clients to visualize their financials with graphs and easy to use reports that are more business owner friendly. The final portion of the presentation discussed documenting and refining your processes.  Melissa Barton stated that there is an app called Transaction Pro Deleter which costs about $200 and can quickly and easily remove unwanted transactions from QBO and QuickBooks desktop. Kim was interested in an online ability to store and securely share files for multiple clients in one location.  Box.com was offered as a solution.

To wrap up the topic, we broke down into smaller groups to discuss one of more related questions that Renee included on the overhead screen.

Kim closed the meeting by mentioning our website which can be found either at ASAPPDX.com or AllStarAccountingProfessionals.com.  Meeting notes can be found on the blog tab of the website.  Meetings are the first Thursday of each month from 11:30 – 1:00.  The location is currently at 7710 SW 31st Avenue in Portland but we are looking for an Eastside location as well.  If anyone is aware of a potential Eastside location to hold meetings, please email Kim Boaz at Kim@backtobasicsbookkeeping.com.  We currently pay $50 for a 2- hour timeslot at the Meals on Wheels location.  We also host quarterly social events with the most recent events including seeing the movie The Accountant and an after-hours social at The Punch Bowl Social in downtown Portland.  September 21 is our next quarterly event date so please hold that date open.  Terrie Marsh is working on this event.  We are interested in growing our membership so please remember to promote ASAP on social media.  We are also starting to offer short promotions to those who bring in a gift card or similar item of value for a business card drawing.

The next All-Star Accounting Professional meeting will be held on August 3 at the Meals on Wheels location at 7710 SW 31st Avenue, Portland 97219.  We hope to see you there!

 

July 6th 2017 Meeting Minutes Bullet Points

ALL STAR ACCOUNTING PROFESSIONALS, INC. Meeting Minutes Bullet Points

July 6, 2017

 

  • The June 6 meeting was held at the Meals on Wheels building located at 7710 SW 31st Avenue in Portland.
  • Renee Trump was the speaker for today’s meeting on the topic of The Cloud Accounting Ecosystem. Renee is an owner with the firm of Pasaban Accounting Solutions.
  • Collaboration allows us to do more than we can do ourselves. Per research, 65% of users use the cloud for bookkeeping, invoicing and payments; 43% use smartphones to help run their business.  The benefits include real time information for decision making and the ability to provide advisory services for clients.
  • Renee discussed Defining the Workflow Adoption Curve which can be found at https://content.hubdoc.com/hubdoc-blog/defining-the-workflow-adoption-curve. This site shows the six stages of the workflow adoption curve, including awareness, research, trial period, initial adoption, client migration and workflow mastery.
  • In the “Get Visual” portion of her presentation, Renee explained the main software her firm, Pasaban Accounting Solutions, uses to capture and report information. Pasaban uses Bill.com, Hubdoc, QuickBooks Online and Futrli.
  • The final portion of the presentation discussed documenting and refining your processes. To wrap up the topic, we broke down into smaller groups to discuss one of more related questions that Renee included on the overhead screen.
  • Kim closed the meeting by mentioning our website which can be found either at ASAPPDX.com or AllStarAccountingProfessionals.com. Meeting notes can be found on the blog tab of the website.
  • Meetings are the first Thursday of each month from 11:30 – 1:00.
  • We are looking for an Eastside location to meet. If anyone is aware of a potential Eastside location to hold meetings, please email Kim Boaz at Kim@backtobasicsbookkeeping.com.
  • Recent quarterly social events include seeing the movie The Accountant and an after-hours social at The Punch Bowl Social in downtown Portland. September 21 is our next quarterly event date so please hold that date open.
  • We are interested in growing our membership so please remember to promote ASAP on social media. We are also starting to offer short promotions to those who bring in a gift card or similar item of value for a business card drawing.
  • The next All-Star Accounting Professional meeting will be held on August 3 at the Meals on Wheels location at 7710 SW 31st Avenue, Portland 97219. We hope to see you there!

June 1 2017 Meeting Minutes - Bulleted Points

 

  • Summer Hiett, the owner of All Seasons Bookkeeping, was today’s speaker, discussing various apps of interest to bookkeepers and accountants. Summer received her Bachelors of Science in 2013 from PSU’s School of Business and started her full charge bookkeeping business in March of 2016.  Her office is located at the border of Beaverton and Hillsboro.
  • Mileage apps discussed included Mile IQ, Triplog and Everlance. Mile IQ can track each trip and category and runs $5.99 per month.  Triplog is less expensive at $1.50 per month.  The first 40 trips of Triplog are free.  Everlance drains the cell phone battery quickly.
  • Time tracking apps. Tsheets is free for one person though you need to look hard in the settings for this free feature.  There is a base charge of $15 and an additional charge of $5 per employee.   Tsheets works well with QuickBooks Online.  Shift to Work, another time tracking app, has amazing customer service, runs $1 per employee and offers integration with Heartland payroll.  Renee mentioned another app, which has “Shark” in the name and was user friendly.
  • Expense apps. An app called “Expense” utilized taking pictures and integrated with QuickBooks Online.  It ran $10 per month.  Expensify works for expenses outside the normal accounting process, such as when employees use their own credit cards.  Hubdoc software allows you to take a picture of the receipt, upload and works with QuickBooks Online.  The user can identify separate locations if needed.
  • Finance apps. FreshBooks runs $15, $25 or $50 a month but does not feature use of balance sheets.  ProAdvisor can use the app for free.  QuickBooks Self-Employed is $10 per month but is not able to be converted to QuickBooks Online.  QBox is cloud based and works on desktops.  You can lock files and share with clients.
  • There is an upcoming All-Star Accounting Professionals social on June 8 from 5 - 8 PM at the Punch Bowl Social located at 340 SW Morrison Street in Portland.
  • The next All-Star Accounting Professional meeting will be held on July 6, 2017 at the Meals on Wheels location at 7710 SW 31st Avenue, Portland 97219.

 

June 1 2017 Meeting Minutes - Apps of Interest

  The June 1 meeting was held at the Meals on Wheels location in SW Portland.  Diana Chung facilitated the meeting.  Guests introduced themselves and then regular members.  Summer Hiett, the owner of All Seasons Bookkeeping, was today’s speaker, discussing various apps of interest to bookkeepers and accountants.  Summer received her Bachelors of Science in 2013 from Portland State University School of Business and started her business in March of 2016.  She was a corporate accountant for nearly 6 years and has experience with full cycle bookkeeping in many different industries. Her office is located at the border of Beaverton and Hillsboro.

Summer first discussed various mileage apps, including Mile IQ, Triplog and Everlance.  Mile IQ can track each trip and category and runs $5.99 per month.  Triplog is less expensive at $1.50 per month and has been used by Summer and Renee.  Both liked this app.  The first 40 trips of Triplog are free.  Everlance drains the cell phone battery quickly.

Next, we moved to time tracking apps.  Tsheets is free for one person though you need to look hard in the settings for this free feature.  There is a base charge of $15 and an additional charge of $5 per employee.  Summer noted that it could end up costing more with this app than using a payroll company in some circumstances.  Tsheets works well with QuickBooks Online.  Shift to Work, another time tracking app, has amazing customer service and runs $1 per employee.  It offers integration with Heartland payroll.  Renee mentioned another app, which has “Shark” in the name and was user friendly.

The discussion then moved to expense apps.  An app called “Expense” utilized taking pictures and integrated with QuickBooks Online.  It ran $10 per month.  Expensify works for expenses outside the normal accounting process, such as when employees use their own credit cards.  Hubdoc software allows you to take a picture of the receipt, upload and works with QuickBooks Online.  The user can identify separate locations if needed.  You can get into Hubdoc to reclassify expenses as well.

The last type of app mentioned were finance apps.  FreshBooks runs $15, $25 or $50 a month but does not feature use of balance sheets.  ProAdvisor can use the app for free.  QuickBooks Self-Employed is $10 per month but is not able to be converted to QuickBooks Online.  QBox is cloud based and works on desktops.  You can lock files and share with clients.

There is an upcoming All-Star Accounting Professionals social on June 8 from 5 - 8 PM at the Punch Bowl Social located at 340 SW Morrison Street in Portland.

The next All-Star Accounting Professional meeting will be held on July 6, 2017 at the Meals on Wheels location at 7710 SW 31st Avenue, Portland 97219.