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South Florida QuickBooks Meetup Group. CP Morey [email protected]. AuditMyBooks.com. @AuditMyBooks. AuditMyBooks. Intuit Announces App Center. October 2009 Web-based business apps created by Intuit or members of IDN Works with QBD 2009+ U.S. Edition QBO added in 2011 - PowerPoint PPT Presentation
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South Florida QuickBooks Meetup Group
AuditMyBooks.com @AuditMyBooks AuditMyBooks
Intuit Announces App Center
• October 2009• Web-based business
apps created by Intuit or members of IDN
• Works with QBD 2009+ U.S. Edition
• QBO added in 2011• App Center 2.0 in 2011
AuditMyBooks Analyzer was 2nd Native App to Go Live
ProAdvisor App Center SurveyMarch 2011
• 36% signed-up more than 6 months ago• 64% visit the App Center at least weekly• 55% are using three or more apps• Most popular category: Financial Management• 82% are using apps to help clients• Top benefits:
– Commercial… “competitive”– Technical… “no extra IT”
Get it at http://auditmybooks.com/home/proadvisor-survey-results
The $944 Billion Small Business Problem
• Errors are common– 60% result from simple
bookkeeping mistakes
• 30%+ of all Fraud– $150,000 average loss– 18 months to discover
Read more at www.AuditMyBooks.com/blog
Source: ACFE
Anti-Virus for Accounting
AuditMyBooks.com @AuditMyBooks AuditMyBooks
Financial… saving money & protecting the businessProductivity… turning drudgery into time for what matters mostCompliance… avoiding mistakes that cost time & moneyConfidence… from the wisdom & experience of others
“Analyzer is a key app for the Quarterly Analysis Service that I’ve been recommending for years.”
Joe WoodardJanuary 2011
Anti-Virus for Accounting
AuditMyBooks.com @AuditMyBooks AuditMyBooks
Financial… saving money & protecting the businessProductivity… turning drudgery into time for what matters mostCompliance… avoiding mistakes that cost time & moneyConfidence… from the wisdom & experience of others
Editi Analyzer
Check-upAnalyzer
AccountantAnalyzer Business
Tests Included 3 ALL ALL
Comprehensive Reporting Limited FULL FULL
Subscription Term None 1 year 1 year
Subscription Price per Company Free $49 $99
“Analyzer is a key app for the Quarterly Analysis Service that I’ve been recommending for years.”
Joe WoodardJanuary 2011
Short Demo
Using Analyzer to Grow Your Practice
Today I provide… Use Analyzer to…
Training/education on how to properly use QuickBooks
Uncover/demonstrate problems that need attention
Design/implementation of internal controls
Provide clients with a control mechanism for errors/fraud
Monthly or quarterly bookkeeping Continuously monitor QuickBooks for possible problems
Tax planning/filing Run a pre-tax check-up on the QuickBooks file
QuickBooks clean-up Baseline the QuickBooks file before you bid on/start the work
What Next?1. Use the Free Check-up to start a discussion
with every client2. NAN Membership includes a license to the
Business Edition ($199 value)
3. ProAdvisor membership includes an Accountant Edition Demo
Affiliate Program
AdvisoryBoard
Guest Blogger
CDR & AMB Comparison
Hear is a sentence with know spelling errors.
Description AMB CDRError Detection Yes
(analytics based on NSF Research)
Limited (focuses on correction of errors
already identified)
Fraud Detection Yes No
Overwrites QB File No Yes (Batch updates once an error has been manually identified)
Cloud/Self-service Yes No
Client Collaboration Yes (comprehensive Excel report)
No
Versions Supported QBO & QBD Accountant Edition
I offer a "tune-up" and use the Client Data Review to determine whether they have proper setup. Adding error/fraud detection with AMB would dovetail perfectly with that service. - Stacy Kildal
Analyzer: CDR
1. Troubleshoot Prior Account Balances
2. Reclassify Transactions3. Review List Changes – Chart
of Accounts, Items, Fixed Asset Items and Payroll Items
4. Fix Unapplied Customer Payments and Credits
5. Clear Up Undeposited Funds account
6. Write off Invoices7. Fix Unapplied Vendor
Payments and Credits8. Fix Incorrectly Recorded
Sales Tax9. Compare Balance Sheet and
Inventory Valuation10.Troubleshoot Inventory11. Find Incorrectly Paid Payroll
Liabilities
1. Vendors without an email or physical address
2. Unapplied vendor credits3. Checks to vendors with open
bills4. Payments to a new vendor5. Duplicate check numbers per bank
account6. Serial checks issues to same
vendor7. Approval limit per vendor8. Rounded payment amounts9. Check number gaps10.Above average bill payments11. Duplicate checks12.Duplicate bills13.Checks written to cash or payee14.Transaction date differs from date
entered15.Abnormal bill payment volume16.Possible overdue bills17.PLUS… 4 New A/R Rules
Sample Excel Report
Sample Client Data Review
