Millionaire Mindset Seminar Free @ Bellevue Hilton -- May 2nd - 4th

The Millionaire Mind Intensive (MMI) is coming to the Seattle area from May 2-4, 2014.
Have you registered for your complimentary seat yet?
More than 1 million people from 104 countries have attended this revolutionary 3-day money course. It's has helped them - and will help you - develop the mindset and skill set of millionaires. By modeling what they do and how they think, you can't help but become more successful.
Date: Friday May 2 through Sunday May 4, 2014
Time: Check-in from 8 - 9am on May 2, then we start at 9am sharp
Place: Hilton Bellevue Hotel

Click Here to Learn More About Millionaire Mindset

I thought T. Harv Elk was for real after reading his best-seller, "Secrets of the Millionaire Mind". In his book he lists what you must be willing to do to get rich. I could always find at least one reason why I wasn't rich; something I could change. I thought he was even more "for real" when I saw him donating to a church we were both attending anonymously. Charitable giving is part of the millionaire mindset. It won't be T. Harv Elk presenting, but it will be a millionaire.

At this free seminar, there will be a DJ, plus lots of handouts and prizes. Most of the seminar was content. I did have to leave the room to resist their hard up sell, but it's all ethical. And you are not required to buy anything. I learned a great deal about myself and money. And it was fun to bond with a group of 160 like-minded local souls.

Everyone should attend this seminar. Taking three days off from work is a huge deal, but it's worth it. Money is very important.

Hurry because nothing lasts forever, and this is precious. The seminar is FREE for you, and I get a referral fee if you use my referral number, which is MMI31851. I would be so grateful to you if you do. And I will pay it forward. I'm learning from the best!

Angie's List

Angie's List is now for all businesses, not just contractors. My goal is to attract 200 new clients this year, or settle into a temp CFO position. In order to do that I need to get the word out that I'm here to help. Reviews help a great deal. Since reviews are scattered between Intuit's website, my website, Linked in, and other internet providers, there can never be enough great reviews.

Here is the link for my listing at Angie's List:

Read Unbiased Consumer Reviews Online at

A big heartfelt thank you to every client who has given me a great review. I remember you fondly and hope your business is more profitable every year!

New Year; New Database?

It's time to think about if you're going to want a new database for Jan? Also, it's time for you to get setup if you're moving to QuickBooks for the first time for 2014.
There are many advantages to a new database for the new year, including:
  • Faster data retrieval. A huge database can become unbearably slow. One client has a database hit the wall in August. Trust me, you don't want to start a new database midyear if you run payroll or pay taxes by the calendar year.
  • The ability to start fresh. A new database gives you the opportunity to clean up your chart of accounts, customer, vendor, and other lists, and especially payroll problems. Only lists transfer; no transactions. Modify that last sentence. I can transfer transactions with special software that I've used for clients before, but you'll have to keep your lists the same in order to move the data. Once data is moved, you can delete any list item that's not included in one of the transactions. 
  • The security of having only a single year in a single database; electronic information can become corrupted over time. I've rarely seen a QB database that lasted longer than 7 years electronically.
  • The convenience of giving your tax preparer last year's database while continuing to run your day-to-day business without interruption.
  • Last year, the IRS purchased QuickBooks. If you get audited, having a single year in a single database enables you to provide the IRS with just the information they demand, and nothing more. If you've just been audited I can get you a single year in a single database but it won't be pretty. The only way to get pretty is to create a new database for the new year. 
While there are many advantages to creating a new database for the new year, there are a few disadvantages.
  • You'll need to hire help to setup a new database.
  • If you're using Enterprise edition will you be able to print out reports cross databases for comparison. Otherwise, you'll have to do that with print-outs, Excel, and Intuit Statement Writer.
Ultimately, the decision to create a new database for the new year depends on what's best for your business?  If you're must moving lists, I can get you ready for the new database in less than 4 hours, which leaves time to discuss any other QuickBooks questions or business concerns.

QuickBooks Online Looks Different

Intuit is totally changing the "look & feel" of QuickBooks Online.

They will be rolling out the changes in the next six months. You should get an email warning you, but even how far in advance that email will arrive before your database is changed/updated is not yet determined.

Don't let the new screens throw you. All the functionality you are familiar with is there. You just just have to hunt around for the menu options you want.

And there will be new functionality. I can show you some new features in our next consulting session. The advantage I asked for would be to specific when clients get updated, so it's timed before our next visit. The advantage I received is that I can request that my clients get updated sooner than "regular" users, but I don't see any advantage to this. The updated design (interface is the techie word for this) is not superior to the existing layout, just different, and confusing at first. 

An Easy Way to Tithe (Donate 10% to charity)

Fall is a great time to donate stuff to thrift stores. Charities have their highest demand for stuff before Christmas. When people get desperate they turn to crime, but first they turn to charity. So why not provide charity? Donating stuff is an easy way to tithe. 

My favorite thrift store is at the ritzy Bellevue Mall. Weblink to LifeSpring Thrift Store at the Bellevue Mall  It's an interesting concept. Take a shopping bag to the mall and drop it off. Come home with a new shopping bag.

This is the best organization with the most qualified volunteers, so more money is going to recipients. Bellevue LifeSpring has other charitable events and programs if you are interested?

They will give you a tax deduction receipt. (If you're serious about taking a non-cash tax deduction, take photo's of the stuff first.) I personally never take a deduction for the stuff I donate, but I do save the receipts in case I'm audited for all the cash I donate and claim. 

It's Feng Shui to eliminate 10% of your stuff. Your home or office will look better with less clutter. When you get rid of clutter, you accent the nice stuff (and find it!). Try having spaciousness and see how many compliments you get? I've never done a big clean out without finding something precious, so even your time won't be wasted. Plus, now you've created space for new stuff, right? 

Why is Thanksgiving Important in Accounting?

Seems like an unlikely connection, but you really want to get your accounting all caught up by Thanksgiving, and review your P&L Report and Balance Sheet for a clear analysis. That's because Thanksgiving leaves you only one month to make any end of tax plans. Here are your questions to answer as an analysis:

  • Do you have profit, and need to buy some fixed assets? Now is the time to research, shop, and buy before year end. 
  • Do need to reign in spending for the last month? You don't want to show an overly large loss in any one year. So make a list of what you'll need in Jan. Those expenses will count against 2014 profit, which will hopefully be much better. 
  • Do you need to do a big account's receivable collection effort, before year end?
  • You know that your subcontractors will be getting 1099's in Jan. Do you need to collect Social Security #'s, and addresses now? 
There's enough to do at year end without worrying about catching up on routine bookkeeping. If you stay current, you'll start paying bills on time, pocketing the late fees for your own take home pay. Sound good? Now is a good time to count your blessings!

QuickBooks 2014 Roll-out and Improvements

Here are the noteworthy improvements to QuickBooks 2014. If you chose to upgrade, please do so via my website for a 20% discount (and free shipping if you order the CD on top of the default download option). The 2013 icons take you to 2014 software.

QuickBooks Pro/Premier 2014

Online Banking Center is renamed to Bank Feeds. The selecting of transactions to be imported, and renamed, has been streamlined for faster data entry.

Emailing customers invoices has been improved too. You can customize email templates, and add another attached document (in addition to the invoice) to your email.

There's a new ribbon banner collection screen, where it's much easier for the A/R person to do their job of managing and collecting on overdue invoices.

Something nicer for the A/P person is that if a credit is used to pay a vendor's bill, the credit will now show up on the stub.

QuickBooks Enterprise 2014

Enterprise has an important nice new job costing reports, especially the Job Work in Progress Report, used to calculate over/under billings. This report can be filtered by Salesrep or Job Status.

There's also a Committed Cost by Job Report, that includes Open purchase orders, and wages on time sheets (not burdened yet).

For manufacturers using inventory management, there are some cool new assembly features.

For distributors or light manufactures, there are new purchasing & pricing options. There always was a low reorder point, but now there is also a new top reorder point. If you run an automatic Purchase Order, it'll know how many to order for you. Of course, you can adjust that for reasons only the human mind would know. There's even an advanced Pricing Discount feature that costs $399 annually that gives Enterprise POS type features.

Mac Version

All the "improvements" on the Mac version are screen changes. I don't consider these improvements, just change. If you've had me setup your QuickBooks environment on a Mac or PC, the screen is optimized to be as fast as possible already. I'm happy to do it again.

If you do want to upgrade, please do it via my website for a 20% discount (and convenience, as it gets you there fast, plus free shipping if you order a CD on top of the download default option). The QuickBooks icons take you to the 2014 software.