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QuickBooks Online vs. Desktop Edition

Having trouble deciding between when to use QuickBooks Online and when to use Quickbooks Desktop? Did you even know that the two exist and that there are differences? Quickbooks Online is better for service-based businesses, whereas QuickBooks Desktop Edition is recommended for businesses that sell products. Desktop has more features, but Online is continuously adding new features. Desktop has been around since the ‘90s, and you have to download and install software and periodic updates. Although it is equipped with fewer features, the Online version of QuickBooks is a more contemporary version of the software; all you need is an Internet connection, no downloading and installing updates on software that takes up space on your hard drive.

As previously stated, the Online version is geared more toward businesses which provide a service and which do not incorporate inventory tracking.

The Online version has many advantages:

  • Your accountant and others may access your  Online account via a user I.D. and password you provide them.

 

  • Conduct transactions using a Mac, PC, or other mobile device.

 

  • Automatic Updates – Online automatically saves any changes you make, similar to the auto-save feature in Google Drive.

If yours is a product-based business, then Desktop may be a better choice for your business’ financial needs and responsibilities. The Desktop version offers the following features and many more:

  • Two Options for Tracking Inventory – Average Cost Method & FIFO (First In First Out), whereas the Online version only offers the FIFO Method.

 

  • Batch Invoicing – Send the same invoice to multiple clients for whom you performed the same service at the same price.

 

  • Industry-Specific Versions – For businesses that are one of the following: General Business, Contractor, Retail & Nonprofit, Professional Services, or Manufacturing & Wholesale, the Desktop version offers certain features depending on the category of business from the above-mentioned list.

 

Whatever the case, be sure to choose the right version of QuickBooks for your business.

BLS Provider CPR (1-day Initial or Renewal Course, multiple sessions available)

(Initial or Renewal Course based on the 2015 AHA Guidelines)
Basic Life Support (BLS) is the foundation for saving lives after cardiac arrest. This course teaches both single-rescuer and team basic life support skills for application in both in-facility and prehospital settings. This course is designed for healthcare professionals and other personnel who need to know how to perform CPR and other basic cardiovascular life support skills.

In addition, BLS training can be appropriate for first responders, such as police officers and firefighters, as well as for laypeople whose work brings them into contact with members of the public, such as school, fitness center, or hotel and restaurant employees.

Students must pass a written exam and skills test in order to qualify for a BLS Course Completion Card.
Upon successful completion of this course, students will receive a completion cad valid for 2 years.

Conveniently scheduled on Saturday, please choose the session that works best for you.

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Gaining Access to Capital

images-38According to the Small Business Association, one of the biggest issues facing small businesses is the inability to access sufficient credit and capital.   According to numbers from just a year ago almost 8 million small businesses are strapped for cash and may be unable to hire new employees, take on new clients, or sadly, even keep their doors open. Lack of capital is one of the primary reasons that businesses flounder.   What are the options then for small businesses when it comes to gaining access to capital in today’s economy.  Let’s explore the various channels for achieving access to capital.

  • Small Business Administration -SBA The SBA is a government agency that collaborates with private lenders to create (and guarantee) business loans. “Guarantee,” in this case, means the federal government will back up to 90% of a loan. The Office of Capital Access within the SBA mission is to help make capital available through banks and other lending partners to small businesses. They sponsor loans that offer more favorable terms and interest rates.  They are accessible to more businesses, and are open to fixed assets and operating capital.  They also attempt to streamline lending through an automated process that encourages faster decisions and reduces lender underwriting time.
  • Conventional Loans –In contrast with SBA loans, conventional loans are private and are not guaranteed by the federal government. As such, they normally carry higher rates. Conventional loans examine your businesses credit history, your monthly expenses, and your overall business pattern.  Some conventional loans would include: Commercial Loans, Equipment and Vehicle Loans, Business Line of Credit, or  General Business Loans.
  • Crowd Funding – An alternative access to capital that has really taken off in the past few years.  Crowdfunding is by definition, “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.”  (Forbes) There are numerous crowdfunding platforms where consumers can safely ask for or donate money such as Kickstarter, Indiegogo, RocketHub, and Onevest.
  • Venture Capital – Venture Capital is money provided by investors to startup firms and small businesses with perceived long-term growth potential. This is a very important source of funding for startups that do not have access to capital markets. It typically entails high risk for the investor, but it has the potential for above-average returns. (Investopedia) This type of access is great for start ups and tends to heavily favor the technology industry.