02/09/2017 Managing Expenses

2/9/2017 QBOchat

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Thu, Feb 09 2017 21:08:20

2/9/2017 QBOchat

Managing Expenses

  1. Welcome everyone to #QBOchat. Please introduce yourselves to the group -> Name, location & name of biz.
  2. Greetings to #QBOChat from Brent Blackburn here in Utah, owner of Biz Books Clous LLC #qbochat
  3. Hi everyone! This is Sammy with Acuity in windy Atlanta ! #qbochat
  4. Come chat with us on #tweetchat  http://qub.me/  > It’s easier than just the twitter feed. #qbochat
  5. @QBOchat Happy Thursday everyone! Natalie here with the Expensify team, back in the rainy PNW. How is everyone? #qbochat
  6. Ross Chapman of RAC Bookkeeping here in Toronto, ON #qbochat
  7. Cathy here in Atlanta, GA. Been dealing with a cold all week, so we’ll see how much I participate today. #qbochat
  8. Howdy everyone! Nicole here with XTBills in Dallas! Happy National Pizza day! #qbochat
  9. @QBOchat Hey everybody! Alan from Avalaraβ€”it’s pouring over here in Seattle! Happy to be here with you all. #qbochat
  10. #QBOchat is a weekly tweetchat about QuickBooks Online, the best in class accounting platform for #smallbiz
  11. Each week #QBOchat has a topic to guide our conversation. We’ll start posting questions at 3:10PM ET/12:10PM PT.
  12. Hello! It’s Rachel coming to you from near Toronto Ontario Canada! Hope you’re feeling better soon @CathyIconis #qbochat
  13. Today we are chatting about managing expenses with @QuickBooks! #QBOchat
  14. @QBOchat Hey Hey…Catherine from CLO, CPA coming to you from South Texas!!! #QBOChat
  15. @expensify Hey Natalie! Great, thanks! Glad that I finally dried off after that rainy commute this morning. #qbochat
  16. Hi everyone! Victoria from VRC Consulting. More rain today in San Francisco! #qbochat
  17. Hey all! ClockShark checking in from Albuquerque! #qbochat
  18. @avalara #PNW problems, am I right? Spring is on the way, fingers crossed anyway. #QBOchat
  19. @CathyIconis Aww Cathy, sorry to hear that! Hope you’re able to conquer it soon. #qbochat
  20. @vrcqbpro Hi Victoria! It’s a rainy day here in Eagle, ID too. Spring has sprung! #qbochat
  21. We are doing something new with our #SponsorShoutouts today – sprinkling them throughout the chat. We hope you like it! #qbochat
  22. @expensify Happy Thursday, friends! Hope you’ve had a wonderful week so far! πŸ™‚ #qbochat
  23. @clocpa Go to that website, enter the hastag, log in to your Twitter account, and watch the chat stream in front of your eyes! #qbochat
  24. Using #TweetChat is severely hampering my gif abilities πŸ™ #qbochat
  25. We invite all types of @QuickBooks users – #smallbiz, accountants, developers, and more to join our #QBOchat.
  26. Hi all! Sarah from Aero Workflow tweeting from the soggy SF Bay Aero! #qbochat
  27. Keep the introductions coming. #QBOchat – Also share if you are a #smallbiz owner, accountant or developer/app.
  28. Hello everyone! We are @morereporting. We provide a business intelligence solution that creates a budget for businesses. #qbochat
  29. @FischBooks Yep, if only we had the ability to throw a gif in every now and then! (cc: @TweetChat) #qbochat
  30. Oh hey. Sorry to be late to #qbochat. Suzanne w @NOWaccount here today. Multi-tasking on a client request…
  31. RT @QBOchat We invite all types of @QuickBooks users – #smallbiz, accountants, developers, and more to join our #QBOchat.
  32. Twitter works off of #hashtags so a tweet chat is when a group agrees to meet and chat by using a prearranged hashtag like #qbochat #qbochat
  33. @FischBooks Totally feel that struggleβ€”I have Twitter open in the next browser tab specifically for .gif purposes! #qbochat
  34. What do you guys feel are the short-term benefits of managing your business’s expenses compared to the long-term benefits? #qbochat
  35. Joe from Intuit checking in from NJ and proud to say 10 inches of snow all gone off the driveway #QBOchat
  36. The first question is right around the corner, remember to use A1, A2, etc when answering a question. #QBOchat
  37. @AeroWorkflow Stay dry! Hope there is some relief in sight for the Bay Area. #herecomesthesun #QBOchat
  38. And  http://tweetchat.com  filters and gathers all the tweets with that hashtag in one convenient place #qbochat
  39. @FischBooks @TweetChat HAHA! No no, when the gif skills are at your level, they’re expected every time! #qbochat
  40. Ufuoma, Owner of Goshen Bookkeeping & Consulting from ATL, GA. Will try to keep chat today from my mobile device. ? #qbochat
  41. Q1: What are your favorite tips and tricks for dealing with expenses in @QuickBooks Online? #QBOchat
  42. Brian @avalara clocking in for #qbochat just under the 10 min. grace period
  43. @AustinNexus @avalara hope you got your electricity back and can stay on for awhile #QBOchat
  44. @ServelloCPA Hi Vinnie! Man, you guys got hit with quite a snowstorm! #qbochat
  45. Hey is @expensify still missing from the #qbochat sponsors or did they come back on board? #qbochat
  46. @ledgerdocs @QBOchat Our CX reps are having a pizza/movie party! I can smell the pizza right! #Jealous #qbochat
  47. @PattiMart5 @ledgerdocs @QBOchat That’s what I’m talking about. Can I get in on the #QBOchat pizza party?
  48. @avalara Thanks & happy to know I have some goodies coming my way #QBOchat
  49. @tsheets it’s still coming down! I’d say we have about 8 inches so far #QBOChat
  50. Oops I just noticed I haven’t updated my logo, a client made a new one for me #qbochat
  51. @JoeManz – For a nano-second, I thought your name was Johnny Manziel. Then I thought, why is he in this chat! πŸ™‚ #qbochat
  52. @ServelloCPA Yow! Hope everyone there is staying as safe as possible. Glad you could make it to the chat! πŸ™‚ #qbochat
  53. @JoeManz @avalara Thanks Joe – full voltage today, such a relief πŸ˜‰ #QBOchat
  54. @BizBooksCloud Looking forward to seeing the updated branding! Are you going to do a #QBOchat reveal?!
  55. @AmyWalkerCPA I am a better quarterback than him and a lot more knowledgeable about the cloud & #QBO #QBOchat
  56. @BradCelmainis haha kinda hard typing on small screen with my big thumbs. Loving the @TweetChat site so far. #qbochat
  57. he redid my website too when he referred a friend to me and the friend asked why it was so hokey when my client does great websites #qbochat
  58. @BizBooksCloud Love the subtle cloud at the bottom. #QBOchat feels extra special to be part of your big reveal!
  59. A1: @expensify seems to be the common answer here and we’d have to agree! <3 #qbochat
  60. #qbochat, better late than never! Matt from Verenia here, checking in from Austin, TX.
  61. Q2: When and why do you use purchase orders? And, what do you use to best manage them? #QBOchat
  62. @QBOchat @QuickBooks A1: Using the Supplier/Vendor centre to recategorize entries with a quick dropdown #qbochat
  63. I’ve been trying to do this more. I know bank rules will make the books more accurate for clients. #QBOchat  https://twitter.com/PattiMart5/status/829786414141288453 β€¦
  64. A1: I may be partial, but @XTBills of course – AP and Expense Payment capabilities in the same place! #qbochat
  65. @CathyIconis @expensify I read question as expense reports For expenses depends on the client Cash basis just use #QBO bankfeeds #qbochat
  66. A2: Clients ordering products on behalf of customers. Map items to proper accounts and use mark-up function when billing customers. #qbochat
  67. @BradCelmainis I still don’t get why they don’t go there? Are any of the competitors going there? #QBOchat
  68. @CathyIconis @BizBooksCloud Q1: What are your favorite tips and tricks for dealing with expenses in @QuickBooks Online? #QBOchat
  69. A1: Definitely bank feeds and lots of rules especially for credit cards. #qbochat
  70. A1 another method is using @Hubdoc to not only fetch the bills but create rules to enter directly into #QBO #QBOchat
  71. @CathyIconis @BradCelmainis @tallie (American) just merged with @nexonia (Canadian) so I’m hoping we’ll see some crossborder babies #qbochat
  72. @CathyIconis @BradCelmainis It’s the sales tax πŸ™ Plus the US market is 10x ours. Even Canadian apps launch in the US first πŸ™ #qbochat
  73. A1 and for clients who spend a lot on Amazon, @Hubdoc can really help gather that info #qbochat
  74. A1 As I said handling expenses in QBO should depend on the type of client or business using it. Great part of #appification of #QBO #QBOchat
  75. A2. Businesses use purchase orders to control the purchasing of external products and services #qbochat
  76. Well lots of Nanuks gather here in our chat each week #qbochat
  77. A2: I haven’t yet had a client complex enough to need PO’s but simple enough to suit #QBO. Would love an app solution. #qbochat
  78. @BradCelmainis @CathyIconis It is on our roadmap – We are taking all the steps to be in CA soon! #qbochat
  79. Hey @expensify, I've reserved you a spot on my MacBook "billboard" I'm running out of space :) #QBOchat ?? https://t.co/YdpRdphBJn

    Hey @expensify, I’ve reserved you a spot on my MacBook “billboard” I’m running out of space πŸ™‚ #QBOchat ?? pic.twitter.com/YdpRdphBJn
  80. For gathering all the receipts on what they buy on Amazon RT @CathyIconis How do you use it? @Hubdoc #qbochat
  81. Anyone have experience with ApprovalMax? A client is using it now. #QBOchat
  82. @QBOchat A2. #contractors can use POs to make sure subs bill what was orginally estimated #QBOchat
  83. Q3: What reporting do you utilize in @QuickBooks Online to help manage expenses and vendors? #QBOchat
  84. I swear the questions aren’t coming through to me #qbochat
  85. @BizBooksCloud @Hubdoc oh yeah! We’ve been using that, but one client has had some connection issues. #QBOchat
  86. A3: One of my favorite reports is Income by Client Summary. Shows exact expenses associated with clients/jobs.
  87. A3: AP Aging and the lovely vendor bar at the top of the expenses/vendor section. #qbochat
  88. Agree with @FischBooks YTD by Month is my top followed by Client Summary by class #qbochat
  89. A3 My clients have saved report “need more info” with all the expenses I couldn’t classify, Sent after running through bank feeds #qbochat
  90. A3 How do you all feel about the reporting in #QBO ? What else would you like to see? #QBOchat
  91. A3. Our users ❀️ the “Expenses by Vendor Summary” because of its simplicity and accuracy #qbochat
  92. A3: P&L budget vs. Actual report by month is another report I use to help clients stay on track with their expenditures. #qbochat
  93. @BradCelmainis I have some! DM your address and I’ll find a way to get it over the border. #QBOchat
  94. @ledgerdocs And #QBO has the comparative columns which is great! Prior Period or Prior Year with the click of a button #qbochat
  95. @QBOchat @MeganTarnow You mentioned it to me but no, not yet. Usually on using my phone #QBOchat
  96. Any other requests for #QBOchat stickers for laptops? The first 5 people that message me your address this week, I’ll mail out.
  97. But you still can’t without labor burden! RT @CathyIconis @MelanieWillis5 @AmyWalkerCPA people say you can’t do job costing in QBO #qbochat
  98. Q4: What apps help you manage your expenses and tell us how they help! #QBOchat
  99. Of course it isn’t as good as the much mourned Nurph. RT @QBOchat @MeganTarnow @JoeManz Try out the site-it does help follow along. #qbochat
  100. A4: love the elegance of @UseTallie, usually. Still wondering where my #mobile #mileage went though. #QBOChat
  101. @BradCelmainis @QuickBooks I’ve been diving into the detail in @fathomhq to see the detail in a graphical format too. #QBOchat
  102. @BradCelmainis – I do this each month as part of the closing process. Great tool and helps me understand the details. #qbochat
  103. A4: @expensify for corporate credit cards tracking and coding. @Hubdoc for bills and syncing to QBO #qbochat
  104. @JoeManz If you want complex, then you are probably a construction company and there are great apps for that. #QBOchat
  105. Well comparing to an Estimate for starters. RT @FischBooks @JoeManz What is considered complex? #qbochat @QBOchat
  106. @FischBooks @QBOchat I would consider contractors having more job costing requirements. #QBOchat
  107. @IntuitAccts Hi there! How’s the twitter takeover of @nerdenterprises going? It’s definitely #PreferredNerd day here at TSheets! πŸ™‚ #qbochat
  108. @vrcqbpro @FischBooks @JoeManz We create budgets as the estimates. Just wish it could be more automated. #QBOchat
  109. @MeganTarnow @UseTallie They used to participate in #QBOchat‘s years ago!! We’d love them back!
  110. True labor is not complex but if you have multiple burden rates & rates 4 different job types then #QBO needs an app 2 accommodate #QBOchat  https://twitter.com/butterflyforge/status/829793302660591616 β€¦
  111. Yes but clients complain its double work. RT @CathyIconis @vrcqbpro @FischBooks @JoeManz We create budgets as the estimates. #qbochat
  112. Q5: What other tips are there to help manage your expenses and vendors? #QBOchat
  113. A4. Shameless plug but @ledgerdocs is perfect for managing and storing expenses and posting them directly to QBO #qbochat
  114. Need to get back to helping accountants work with #QBO & the ecosystem of apps to make them successful & more profitable #QBOchat
  115. This is def not my area of expertise today. But there have been several apps mentioned that I will be looking for. #qbochat  https://twitter.com/QBOchat/status/829794533806370822 β€¦
  116. @ledgerdocs #shamelessplugs are always accepted to those that continuously support us! #QBOchat
  117. @AmyWalkerCPA @clocpa Was noticing that logo myself. It’s really fantastic! #qbochat
  118. OK…for all the #qbochat ppl, tweetchat isn’t loading tweets. What am I doing wrong. @QBOchat
  119. Does anyone know how many stamps I need to use to send something to Canada? #QBOchat
  120. Turn Stream buffering off in settings. RT @clocpa OK…for all the #qbochat ppl, tweetchat isn’t loading tweets.
  121. A5: For clients with minimal expenses, I encourage them to use the QBO app to snap pix of the rcpts and attach to expenses. Free! #qbochat
  122. @QBOchat if it is from the US it is the International rate stamp #qbochat
  123. @BradCelmainis Agreed!! We need to put together a listing of those that give free accounts to proadvisors. #QBOchat
  124. Yes its considered an international destination. πŸ™ RT @QBOchat @goshbookkeeping really?? #QBOchat
  125. Just a few minutes left for this week’s #QBOchat. Do you all have any suggestions on how to make #QBOchat better?
  126. $1.15 RT @QBOchat Does anyone know how many stamps I need to use to send something to Canada? #QBOchat #qbochat
  127. We have a special rate for mail to the US, the US lumps us in with the World… hmmmm πŸ˜‰ #qbochat
  128. @QBOchat this was my first attempt at #TweetChat and I thought it was seamless! #qbochat
  129. It is a Trump thing RT @racbookkeeper We have a special rate for mail to the US, the US lumps us in with the World… hmmmm #qbochat
  130. A5. Rule #1 for bookkeeping, keep track of all receipts #qbochat
  131. @BradCelmainis We offer an awesome accountant program just for that reason! #qbochat
  132. That’s it for this week’s #QBOChat, thanks for taking the time to tweet with us!
  133. Tweetchat was a big fail for me today, missed a lot #qbochat
  134. Next week we’ll have an open Q&A session! Get your questions ready!! #QBOchat

QBOchat Admin

#QBOchat began in July 2013 with the simple idea to host a weekly Twitter conversation around QuickBooks Online (QBO). We have since grown into a very strong community comprised of a diverse group of users. Our weekly tweet chat is held each Thursday at 3:00PM Eastern. The discussions cover a wide range of topics including QBO’s latest features and updates, business operation tips and apps that integrate with QBO, to name just a few.

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