Archive for QuickBooks

Quickbooks Highlights That They Help Those In The Film Industry Focus On Their Craft And Not On Their Books

Posted in Commentary with tags on September 11, 2019 by itnerd

TIFF – The Toronto International Film Festival is in full swing, the biggest film festival in Canada and one of the most important in the world.

While we tend to focus on the fun parties and celebrity sightings, QuickBooks wants to remind people that nearly 50% of the film industry in Canada is made up of entrepreneurs and SMBs.

Below are some Canadian self-employed entrepreneurs who work in film.

  • Michelle Carter, Canadian Producer and President of Mission Productions from Aurora, Ontario. Mission Productions is a marketing and fundraising agency that focuses on storytelling for the greater good of society
  • Mike Monson, Self-Employed, Canadian Music Composer from Hamilton, Ontario has worked with Warner Music Canada, President’s Choice, City of Hamilton, CBC Arts
  • Alex Coleman ,Canadian Film Editor from Toronto, Ontario produces and creates a broad mix of local, national and internationally released film, music video and corporate/commercial projects

The magic of film wouldn’t exist without music composers, film editors and producers like Mike, Alex and Michelle.

All three of these Canadians use QuickBooks to help them with their businesses, so they can spend more time on their craft and less time worrying about finances.

It Looks Like Dad Wants Time Alone On Father’s Day: QuickBooks

Posted in Commentary with tags on June 17, 2019 by itnerd

Running a small business is a full-time job. And for many, it isn’t their only job. In honor of this past Father’s Day, QuickBooks is highlighting the significant role fathers have in driving Canada’s economy by commissioning a study that uncovers just how instrumental a role fathers are playing within the small business ecosystem – all while juggling the other responsibilities life throws at them.

Whether it be sacrificing personal time or family time, key findings showed:

  • Dads needs to be alone sometimes, too. 57 per cent are missing out on personal time due to work commitments and 45 per cent say family commitments take away from personal time.
  • Work hard, play less? 46 per cent of men reported that long hours are a common challenge they face and 26% admitted they spend more than 40 hours a week on work responsibilities.
  • Balance is a struggle. 1/2 men say that a lack of work/life balance is a common challenge they face.

Dads have a lot going on. The survey found that over 50 per cent of respondents have financial management problems. On a positive note, financial management software was reported to be the number 1 tool used to assist with balancing work and family commitments.

There’s a blog post that’s now online with more info and it is totally worth a read.

QuickBooks Offers Up New Research & Tips for Mother Entrepreneurs

Posted in Commentary with tags on May 10, 2019 by itnerd

Our family networks can play such a vital role in helping drive our success. With Mother’s Day around the corner, wanted to reach out with a story opp focused on the role mothers play in driving forward the Canadian economy.

This year and just in time for Mother’s Day, QuickBooks commissioned a study that unpacks just how instrumental a role mothers are playing within the small business ecosystem – both as advisors and as owners.

Whether it be sacrificing family time, or postponing celebrations, key findings showed:

  • Moms are missing out. 32 per cent are missing or neglecting family time due to work commitments.
  • Held back from scaling up. 29 per cent say that family commitments have led to missing or neglecting business opportunities
  • Putting family on hold. 1/4 women say that work commitments have delayed their starting a family.
  • No time for oneself. 36 per cent of women list not being able to take enough time for themselves between balancing business and family commitments.

Interestingly, the study also found that Mother’s Day isn’t always the celebration it was set out to be, with 20 per cent of survey respondents feel more stressed on Mother’s Day than a usual Sunday, and 18 per cent postponing celebrations to focus on work.

QuickBooks has a very good blog post that you can read on this topic: 

Intuit QuickBooks Canada & Dream Payments launch new Integration To Help Entrepreneurs Get Paid Faster

Posted in Commentary with tags on February 24, 2017 by itnerd

The QuickBooks Online (QBO) ecosystem has a new member: Toronto-based startup Dream Payments.

With the new QuickBooks and Dream Payments integration, small business owners can now accept cash, credit and Interac Debit from anywhere, anytime, helping them get paid faster and improve their access to capital and better manage their cash flow.

With 1.3 million debit terminals in Canada and growing, there’s been a gap in the market for an affordable and comprehensive mobile point of sale to replace dated and expensive payment terminals, and as 68 per cent of entrepreneurs use apps to run their businesses according to Intuit’s “2017 Small Business App Study,” there’s also clearly an appetite for greater integration within the ecosystem.

For the 32 per cent of small business owners who say cash flow is the main concern keeping them up at night, the Dream Payments QuickBooks integration provides users with all the information they need at their fingertips to manage their business from anywhere:

  • Focus on business growth: With the Dream Mobile Point of Sale, SMBs can accept Interac Debit and credit cards and even contactless payments (including Apple Pay and Samsung Pay) and never have to turn a sale away again.
  • Get paid faster: Each transaction is automatically updated in QBO. Even inventory and taxes are updated instantly.
  • No more guessing or reconciliation problems: Users can access QBO invoices right from within the Dream mobile app and accept in-person payments towards them; they’ll automatically be recorded as paid and reconciled within QBO.

If you’re a small business owner, you should check out Dream Payments for QuickBooks Online.

Nearly half of Canada’s workforce will be freelance by 2020: QuickBooks

Posted in Commentary with tags on January 24, 2017 by itnerd

Intuit Canada’s latest study in partnership with Emergent Research projects that full and part-time freelancers, independent contractors and on-demand workers are expected to make up 45 percent of the workforce by 2020.

Intuit has launched QuickBooks Self-Employed in Canada, a new mobile app that makes it easy for the growing number of self-employed workers to stay in control of their finances and help them prepare for tax time while on the go with effortless expense, mileage and invoice tracking all in one place. Canada is the fourth market globally to launch the app, following the U.S., U.K. and Australia.

What’s causing this shift?

  • Nearly half (47 per cent) of self-employed Canadians pursued that work because of a desire for greater work life flexibility.
  • Forty-one per cent of self-employed workers are doing so to supplement income.
  • Nearly one in five (19 per cent) self-employed Canadians pursued this work because they still needed or wanted to work during retirement.

What do self-employed workers struggle with most?

  • The biggest challenge of self-employment is not enough predictable income (59 per cent).
  • Twenty-nine per cent of self-employed Canadians manually keep track of their finances on paper.
  • Two in three on-demand workers said a better understanding of their financial fundamentals would be helpful.
  • Nearly two in three (62 per cent) of those that work for themselves are compelled to maintain a job on the side to supplement their earnings and for 17 per cent of on-demand workers specifically, difficulty managing finances has the biggest potential to put them out of business.

On demand increasingly equals on the go

  • Nearly two in three (62 per cent) self-employed Canadians drive a car as part of their self-employment.
  • Canadians who drive a car for their self-employment spend on average five more hours working each day than those who don’t.
  • More than one-quarter (28 per cent) of self-employed Canadians indicate that mileage is the most difficult expense to keep track of.

For more more research findings, please check out Intuit’s report: “The Rise of the Self-Employed Economy.” The QuickBooks Self-Employed mobile app is available for download  from the App Store or Google Play.

QuickBooks Announces Integration With Shopify

Posted in Commentary with tags on December 21, 2015 by itnerd

QuickBooks has announced that the QuickBooks Online (QBO) ecosystem has a new member: breakout Canadian startup Shopify

The Shopify platform now seamlessly integrates with QBO, allowing Shopify merchants to automatically update and transfer business financials. All ecommerce transactions now flow into QBO automatically, improving sales transaction accuracy and eliminating the need for manual reconciliation. As 56 per cent of Canadian entrepreneurs use mobile apps to run their business, there’s certainly an appetite within the ecosystem for greater integration.

The QBO ecosystem now connects the more than 200K Shopify merchants to a global base of small business owners and the more than 1,000 small business apps available in QBO, which now enables merchants to manage all aspects of their business in one place – and provides on-demand access to key financial insights wherever they happen to be.

Existing Shopify customers who are interested in learning more about QuickBooks online are encouraged to visit Intuit’s Canadian website, while QuickBooks customers interested in adding ecommerce operations to their portfolio are encouraged to visit Shopify.

Now From The QuickBooks App Store: Sync With Square Updated

Posted in Commentary with tags on November 18, 2015 by itnerd

For those of you with a small business that you have to do accounting for, there’s updated version of the Square QuickBooks Online integration from Intuit, Sync with Square.

The update will come as great news for entrepreneurs who spend more time manually entering data and filling out spreadsheets than focusing on their customers, or who need some extra help tracking their finances.

With Sync with Square, small businesses can automatically import all daily payments processed with Square into QuickBooks Online. QuickBooks Online also provides a detailed breakdown of all Square transactions, ensuring their financial data is accurate and up to date.

More information about Sync with Square is available here. Intuit Canada has also posted a blog about the announcement, which you can find here.