Comments on: QuickBooks 2010 Now Available, Discounts for Readers http://www.consumerismcommentary.com/quickbooks-2010-now-available-discounts-for-readers/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Thu, 31 May 2012 17:59:20 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jess McLamb http://www.consumerismcommentary.com/quickbooks-2010-now-available-discounts-for-readers/comment-page-1/#comment-201268 Jess McLamb Mon, 04 Jan 2010 02:27:48 +0000 http://www.consumerismcommentary.com/?p=7423#comment-201268 We have been using QuickBooks for our business and for our clients' businesses for over 10 years. QuickBooks does not hold your financial data hostage. At any time you can create a financial report by month, week or day and export the data to Excel. In addition, if you wanted to change to a different accounting package, most of them can import QuickBooks data. Intuit is in the software business, so of course they come out with a new version every year. However, they do not require that you update to a new version of QuickBooks unless you want to continue using certain features (payroll, e-mailing invoices, etc.) and then only every three years. Regardless, if accounting is not your business, you will better utilize your own time to outsource your bookkeeping to a professional. We have been using QuickBooks for our business and for our clients’ businesses for over 10 years. QuickBooks does not hold your financial data hostage. At any time you can create a financial report by month, week or day and export the data to Excel. In addition, if you wanted to change to a different accounting package, most of them can import QuickBooks data.

Intuit is in the software business, so of course they come out with a new version every year. However, they do not require that you update to a new version of QuickBooks unless you want to continue using certain features (payroll, e-mailing invoices, etc.) and then only every three years.

Regardless, if accounting is not your business, you will better utilize your own time to outsource your bookkeeping to a professional.

]]> By: Customers Revenge http://www.consumerismcommentary.com/quickbooks-2010-now-available-discounts-for-readers/comment-page-1/#comment-198766 Customers Revenge Thu, 01 Oct 2009 02:36:00 +0000 http://www.consumerismcommentary.com/?p=7423#comment-198766 By holding your data hostage I mean that it makes it very difficult to switch to a different program after you start with Quickbooks. I think you have to pay for an export tool or for a third party to do it. Basically once Quickbooks has your data you have to pay a ransom to get it out again. Sounds like you might have a good accountant then if he's helping you organize complicated structures. Tax laws are too crazy. By holding your data hostage I mean that it makes it very difficult to switch to a different program after you start with Quickbooks. I think you have to pay for an export tool or for a third party to do it. Basically once Quickbooks has your data you have to pay a ransom to get it out again.

Sounds like you might have a good accountant then if he’s helping you organize complicated structures. Tax laws are too crazy.

]]> By: Erica Douglass http://www.consumerismcommentary.com/quickbooks-2010-now-available-discounts-for-readers/comment-page-1/#comment-198708 Erica Douglass Tue, 29 Sep 2009 18:48:45 +0000 http://www.consumerismcommentary.com/?p=7423#comment-198708 Hi Flexo, It may be worth it to pay your accountant to handle QB for you. That's what I do...after trying it myself and realizing it wasn't worth my time. I still have Pro 2007. I figure I'll upgrade when my accountant tells me I need to. :) If you're reading this and you have employees, their payroll service is worth the monthly fee. -Erica Hi Flexo,

It may be worth it to pay your accountant to handle QB for you. That’s what I do…after trying it myself and realizing it wasn’t worth my time.

I still have Pro 2007. I figure I’ll upgrade when my accountant tells me I need to. :)

If you’re reading this and you have employees, their payroll service is worth the monthly fee.

-Erica

]]> By: Flexo http://www.consumerismcommentary.com/quickbooks-2010-now-available-discounts-for-readers/comment-page-1/#comment-198706 Flexo Tue, 29 Sep 2009 17:56:00 +0000 http://www.consumerismcommentary.com/?p=7423#comment-198706 I've been using Intuit's Quicken for several years. Yes, they want their users to upgrade to the newest version every few years, but I've never heard about them holding customers' data hostage. With Quicken and QuickBooks all of your data are stored on your own computer unless you choose the Online Editions. Unfortunately my accounting is a little more complicated than you described. The accountant I'm working with is familiar with the nuances of business structures and will likely save me thousands of dollars, but we will see. I’ve been using Intuit’s Quicken for several years. Yes, they want their users to upgrade to the newest version every few years, but I’ve never heard about them holding customers’ data hostage. With Quicken and QuickBooks all of your data are stored on your own computer unless you choose the Online Editions.

Unfortunately my accounting is a little more complicated than you described. The accountant I’m working with is familiar with the nuances of business structures and will likely save me thousands of dollars, but we will see.

]]> By: Customers Revenge http://www.consumerismcommentary.com/quickbooks-2010-now-available-discounts-for-readers/comment-page-1/#comment-198705 Customers Revenge Tue, 29 Sep 2009 17:19:27 +0000 http://www.consumerismcommentary.com/?p=7423#comment-198705 Hi Flexo: I've heard bad things about Inuit. Basically that they hold your data hostage and frequently charge you for updates, etc.. Right now I'm trying to find a business accounting package for my new business and I am steering away from Quickbooks for that reason. I imagine that a blogger/website has trivial accounting. Just some invoices and revenue streams. No inventory, manufacturing, employees, etc. Couldn't you handle that data recording even on a spreadsheet or one of the free packages? Since you have an accountant (why, by the way) then he could earn his money with the value added service of preparing the returns. Hi Flexo: I’ve heard bad things about Inuit. Basically that they hold your data hostage and frequently charge you for updates, etc.. Right now I’m trying to find a business accounting package for my new business and I am steering away from Quickbooks for that reason.

I imagine that a blogger/website has trivial accounting. Just some invoices and revenue streams. No inventory, manufacturing, employees, etc. Couldn’t you handle that data recording even on a spreadsheet or one of the free packages? Since you have an accountant (why, by the way) then he could earn his money with the value added service of preparing the returns.

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