The sudden shutdown of Bench Accounting in December 2024 left 11,000 business owners without access to their financial data, highlighting the risks of venture-backed automated bookkeeping services. Hosts Alicia Katz Pollock and Veronica Wasek discuss how this pivotal moment presents an opportunity for professional bookkeepers to showcase their value through personalized service, deep expertise, and genuine commitment to client success. They explore how independent bookkeepers can differentiate themselves from automated services while maintaining sustainable pricing models and building lasting client relationships.

Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.com

Links/Apps Mentioned in this episode:

• Year-end Cleanup and Tax Prep: http://royl.ws/yearend
• Converting from QBDT to QBO: http://royl.ws/QBDT2QBO
• Intro to Bookkeeping and Accounting class on Feb 18: https://royl.ws/intro-to-accounting-for-small-business
• QBO’s Banking Center on March 4: http://royl.ws/QuickBooks-Online-Banking
• https://5mbAcademy.com
• https://5MinuteBookkeeping.com
• https://5MBvideo.com
• https://mavency.com/

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Alicia explores important improvements to the QuickBooks Desktop-to-Online migration process, including expanded line item capacity and a new pre-migration checklist. Alicia also introduces new offerings like QuickBooks Live Expert Cleanup and the Mailchimp-powered Customer Hub, while previewing an innovative interface redesign that promises to streamline the user experience.

• (00:00) - Welcome to the Unofficial QuickBooks Accountants podcast
• (00:39) - Congratulations to OnPay
• (03:25) - Tags Discontinued
• (05:00) - QuickBooks Solopreneur Updates
• (06:48) - Migration from QuickBooks Desktop to Online
• (10:19) - QuickBooks Live Expert Cleanup
• (16:58) - QuickBooks Customer Hub Powered by Mailchimp
• (19:16) - New Recurring Payments Feature
• (24:11) - Outro and Upcoming Classes

Links Mentioned in this episode:

• January’s Firm of the Future article: https://www.firmofthefuture.com/product-update/january-2025-mpu/
• Trump’s Inauguration’s Business funding: https://www.politico.com/news/2025/01/16/trump-inauguration-corporate-donors-004242

Alicia’s classes:

• Year-end Cleanup and Tax Prep: http://royl.ws/yearend
• Converting from QBDT to QBO: http://royl.ws/QBDT2QBO
• Intro to Bookkeeping and Accounting class on Feb 18: https://royl.ws/intro-to-accounting-for-small-business

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Alicia is joined by guest co-host Margie Remmers-Davis to explore the latest QuickBooks Online updates, from major developments like the new Amazon seller integration to small but impactful changes like the ability to print bills. They discuss exciting improvements to payroll features, including inline PTO balances and class assignments, as well as developments in e-commerce integrations and Credit Karma financing options.

Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.com

Links/Apps Mentioned in this episode:

• http://royl.ws/yearend
• http://royl.ws/QBO1099
• https://learn.royalwise.com/visitor_catalog_class/show/1673087/Converting-QuickBooks-Desktop-to-QuickBooks-Online
• https://royalwise.com/
• https://akadian.com/

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• (00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast
• (00:49) - Margie's Background and Journey
• (05:19) - Biometric Logins and Modern Report View
• (07:12) - Add a Note in Modern Report View
• (09:59) - Payroll Updates and Enhancements
• (16:06) - E-commerce and Inventory Integrations
• (21:14) - PayPal Integration and App Transactions
• (24:45) - Limitations of Current System
• (25:47) - Exciting New Feature: Printing Bills
• (26:17) - Expense Claims and Bill Pay Updates
• (30:15) - QuickBooks Time Settings
• (33:45) - Financing Options with Credit Karma
• (44:05) - New Features and Updates Recap

Dan DeLong joins Alicia to explore QuickBooks Online's enhanced 1099 preparation tools, including the new automated "Let QuickBooks Prep for Me" wizard launching in 2025. They break down the critical components of 1099 compliance, discuss pricing changes, and share valuable tips for both manual and automated filing methods.

• (00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast
• (00:43) - Dan DeLong's Background and Experience
• (03:12) - The Importance of 1099s
• (04:58) - Complexities of 1099 Forms
• (09:22) - Gathering Recipient Information
• (11:36) - Using QuickBooks Online for 1099s
• (28:46) - Contractor Center in QuickBooks Online
• (32:48) - Introduction to 1099 Preparation
• (33:10) - New 1099 Wizard Features for 2025
• (34:34) - Manual vs Automated 1099 Preparation
• (36:40) - Cost and Billing for 1099 Services
• (41:28) - Step-by-Step 1099 Preparation Process
• (54:25) - Final Tips and Best Practices
• (57:30) - Upcoming Classes and Collaborations
• (01:00:58) - Conclusion and Closing Remarks

Links/Apps Mentioned in this episode:

• Alicia’s 1099s in QBO Class, Jan 7 webinar + recording: http://royl.ws/QBO1099
• Alicia’s QBO Cleanup for Taxes Class, Jan 22 webinar + recording: http://royl.ws/yearend
• Alicia's QB Desktop to QBO Class https://learn.royalwise.com/visitor_catalog_class/show/1673087/Converting-QuickBooks-Desktop-to-QuickBooks-Online
• Dan's schoolofbookkeeping.com
• Dan's YouTube https://www.youtube.com/@schoolofbookkeeping/?sub_confirmation=1
• https://www.qbpowerhour.com/

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Alicia announces exciting changes to the podcast format, introducing four new regular co-hosts who will each lead specialized segments covering QuickBooks news, product deep dives, feature discoveries, and industry discussions. While beloved co-host Hector transitions to focus on his growing ventures with Reframe and RightTool, he'll continue to contribute quarterly updates on the Intuit Enterprise Suite. The new segmented format brings together industry veterans Matthew "Spot" Fulton, Dan DeLong, Margie Remmers-Davis, and Veronica Wasek, each bringing their unique expertise and perspectives to create more focused, in-depth content for listeners.

Connect with Matthew "Spot" Fulton
https://www.linkedin.com/in/parkwayinc
https://www.parkway.business

Connect with Margie Remmers-Davis
https://www.linkedin.com/in/margie-remmers
http://www.akadian.com/

Connect with Dan DeLong
https://www.linkedin.com/in/dan-delong-9010b417
https://www.schoolofbookkeeping.com/

Connect with Veronica Wasek
https://www.linkedin.com/in/veronicawasek
https://5minutebookkeeping.com/

Connect with Alicia Katz Pollock
https://www.linkedin.com/in/aliciakatzpollock
https://royalwise.com/training-for-quickbooks/

Send your Questions/Comments (we could read/answer them on air) unofficialquickbookspodcast@gmail.com

Hector and Alicia explore Intuit's strategic positioning of Enterprise Suite as a mid-market solution distinct from QuickBooks Online Advanced. They break down the key features released in December 2024, including enhanced multi-entity reporting, construction-focused tools, and dimensional reporting capabilities. They discuss pricing considerations, feature limitations, and share their insights on Intuit's development roadmap for this new platform aimed at bridging the gap between small business accounting and full ERP systems.

• (00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast
• (00:26) - Introduction and New Developments in Intuit Enterprise Suite
• (03:58) - Positioning and Market Strategy
• (10:16) - Pricing and Multi-Entity Features
• (14:33) - New Features and Updates
• (20:23) - Construction-Focused Enhancements
• (23:49) - AI and Workflow Innovations
• (26:38) - User Permissions and Granular Controls
• (30:00) - Future Predictions and Final Thoughts
• (31:46) - Introduction to Multi-Entity Reporting
• (33:14) - Manual Eliminations Explained
• (37:07) - Challenges with Multi-Entity Management
• (40:36) - API and Integration Concerns
• (45:31) - Future Developments and Focus Areas
• (48:30) - Challenges and Recommendations for IES
• (56:18) - Conclusion and Upcoming Updates

Links/Apps Mentioned in this episode:

• Alicia’s 1099s in QBO Class, Jan 7 webinar + recording: http://royl.ws/QBO1099
• Alicia’s QBO Cleanup for Taxes Class, Jan 22 webinar + recording: http://royl.ws/yearend
• Reframe 2025 Conference https://reframe2025.com/
• Hector’s RightTool: http://righttool.app
• In the Know replay: https://intuit.ondemand.goldcast.io/on-demand/d43891cb-8c38-495f-b8f1-ab1c78de7ac6

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Hector and Alicia dive into the latest QuickBooks updates from December 2024, including new ProAdvisor discounts for Bill Pay Manager and the rollout of Intuit Assist's AI-powered billing features. They explore the practical implications of these changes, with Hector raising important security considerations about the new email-to-bill functionality.

• (00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast
• (01:33) - QuickBooks Online Bill Pay Manager Updates
• (05:29) - ProConnect Tax Enhancements
• (07:27) - Intuit Assist and AI Features
• (20:14) - Future Developments and Features
• (21:13) - Firm of the Future Highlights
• (24:05) - Upcoming Events and Announcements
• (31:50) - Hector's Farewell and Podcast Transition

Links/Apps Mentioned in this episode:

• Alicia’s 1099s in QBO Class, Jan 7 webinar + recording: http://royl.ws/QBO1099
• Alicia’s QBO Cleanup for Taxes Class, Jan 22 webinar + recording: http://royl.ws/yearend
• Reframe 2025 Conference https://reframe2025.com/
• Hector’s RightTool: http://righttool.app
• In the Know replay: https://intuit.ondemand.goldcast.io/on-demand/d43891cb-8c38-495f-b8f1-ab1c78de7ac6

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A major change is coming to QuickBooks Online as Intuit announces the deprecation of Tags, effective March 8th, 2025. Hector and Alicia dive deep into what this means for QBO users, exploring the limitations of custom fields as a replacement and identifying potential challenges during the transition. They discuss critical concerns including reporting capabilities, API access, bank feed integration, and the timing of this change during tax season, while also sharing insights into possible workarounds and opportunities for improvement.

• (00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast
• (00:44) - Official Announcement: Tags Discontinued
• (03:45) - History and Evolution of Tags
• (05:03) - Benefits and Limitations of Tags
• (08:29) - Potential Transition to Custom Fields
• (12:15) - What Will Happen to Tag Users
• (21:30) - Reporting and API Implications
• (26:49) - Migration of Tag Data: Key Questions
• (29:25) - Timing Concerns: Why During Tax Season?
• (32:21) - Potential Issues with Custom Fields in Bank Feeds
• (38:50) - Upcoming Events and Announcements
• (44:23) - Farewell and Future Plans for the Podcast

Links/Apps Mentioned in this episode:

• Alicia’s 1099s in QBO Class, Jan 7 webinar + recording: http://royl.ws/QBO1099
• Alicia’s QBO Cleanup for Taxes Class, Jan 22 webinar + recording: http://royl.ws/yearend
• Reframe 2025 Conference https://reframe2025.com/
• Hector’s RightTool: http://righttool.app

Sign up to Earmark to earn free CPE for listening to this podcast
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