QuickBooks Live Expert Assisted: A ProAdvisor’s Perspective

05/02/24 • 50 min

Unofficial QuickBooks Accountants Podcast

In this candid discussion, Hector and Alicia delve into Intuit's recent introduction of QuickBooks Live Assisted Bookkeeping, a $50/month service aimed at providing enhanced support to QuickBooks users. They analyze the potential implications for accounting professionals, debating whether this offering presents an opportunity for collaboration or a threat of competition. With thought-provoking perspectives from both sides, they explore the evolving dynamics between Intuit and the accounting community, offering insights into how professionals can adapt and thrive in this changing landscape.

Sponsors
Relay - https://uqb.promo/relay
LiveFlow - https://uqb.promo/liveflow
Settle - https://uqb.promo/settle

(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast
(02:04) - Exploring the New Service and Community Reactions
(04:11) - Alicia's Perspective: The Bigger Picture and Industry Impact
(11:59) - Dissecting the Technicalities and Future Implications
(16:01) - The ProAdvisor Community and Intuit's Evolving Strategy
(23:23) - Exploring Paid Support Options and ProAdvisor Involvement
(25:22) - Analyzing the Financial Viability of QuickBooks Support Services
(27:33) - Opportunities and Challenges in Training and Staffing
(31:54) - The Impact of Intuit's Strategies on the Accounting Community
(36:36) - Shareholder Perspectives vs. Ethical Considerations in Business Decisions
(39:00) - The Future of Accounting Software and Professional Relationships
(46:55) - Upcoming Events and Conferences for Accounting Professionals

Send your Questions/Comments (we could read/answer them on air) [email protected]
Links/Apps Mentioned in this episode:

Alicia's article on QuickBooks Expert Assisted Bookkeeping - https://royalwise.com/alicias-thoughts-about-qb-expert-assisted-bookkeeping/
Hector's App - RightTool www.righttool.app
Alicia's Training - RoyalWise http://royl.ws/uqapodcast
Alicia’s QBO Products, Services, and Inventory Course - http://royl.ws/qbo-Inventory
QuickBooks Connect Conference www.quickbooksconnect.com

Sponsors
Relay - https://uqb.promo/relay
LiveFlow - https://uqb.promo/liveflow
Settle - https://uqb.promo/settle

(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast
(02:04) - Exploring the New Service and Community Reactions
(04:11) - Alicia's Perspective: The Bigger Picture and Industry Impact
(11:59) - Dissecting the Technicalities and Future Implications
(16:01) - The ProAdvisor Community and Intuit's Evolving Strategy
(23:23) - Exploring Paid Support Options and ProAdvisor Involvement
(25:22) - Analyzing the Financial Viability of QuickBooks Support Services
(27:33) - Opportunities and Challenges in Training and Staffing
(31:54) - The Impact of Intuit's Strategies on the Accounting Community
(36:36) - Shareholder Perspectives vs. Ethical Considerations in Business Decisions
(39:00) - The Future of Accounting Software and Professional Relationships
(46:55) - Upcoming Events and Conferences for Accounting Professionals

Send your Questions/Comments (we could read/answer them on air) [email protected]
Links/Apps Mentioned in this episode:

Alicia's article on QuickBooks Expert Assisted Bookkeeping - https://royalwise.com/alicias-thoughts-about-qb-expert-assisted-bookkeeping/
Hector's App - RightTool www.righttool.app
Alicia's Training - RoyalWise http://royl.ws/uqapodcast
Alicia’s QBO Products, Services, and Inventory Course - http://royl.ws/qbo-Inventory
QuickBooks Connect Conference www.quickbooksconnect.com

Previous Episode

Mastering Journal Entries in QuickBooks Online

In this episode, Hector and Alicia delve into using journal entries in QuickBooks Online, outlining when they're appropriate and when to avoid them. They offer insights into accounting workflows such as depreciation, tax adjustments, job costing, and class allocations. They also highlight advanced techniques like the adjusting entry checkbox and utilizing features like the reclassify transactions tool. The episode showcases the new journal entry import tool, explaining how to set up CSV files, map accounts, and overcome limitations, along with innovative uses like memo notes via zero-value entries. Whether you're an accountant, bookkeeper, or QuickBooks enthusiast, this episode enhances your understanding of journal entries and enhances efficiency in QuickBooks Online.

Sponsors
Client Hub- https://uqb.promo/clienthub
LiveFlow - https://uqb.promo/liveflow
Settle - https://uqb.promo/settle

(00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast
(01:53) - Introduction to Journal Entries in QuickBooks Online
(09:33) - The Complexities of Adjusting AR and AP in QuickBooks
(20:13) - Advanced Journal Entry Techniques for Job Costing and Class Allocation
(28:49) - When to Avoid Using Journal Entries
(29:33) - QuickBooks Online: Reclassify Transactions Feature
(30:34) - The Power and Limitations of QuickBooks Online Accountant
(35:36) - Navigating QuickBooks Online: Importing Journal Entries
(45:04) - Advanced QuickBooks Online Features: Adjusting Journal Entries
(49:35) - Upcoming Courses and Personal Updates
(51:45) - Reflections and Closing Thoughts

Send your Questions/Comments (we could read/answer them on air) [email protected]
Links/Apps Mentioned in this episode:

Hector's App - RightTool www.righttool.app
Alicia's Training - RoyalWise http://royl.ws/uqapodcast
QuickBooks Connect Conference www.quickbooksconnect.com
Firm of the Future www.firmofthefuture.com

Next Episode

What Intuit Gets Right

Hector and Alicia discuss the positive aspects of working with Intuit and QuickBooks, highlighting the company's strong culture, training programs, and user-friendly software. They analyze Intuit's business decisions like acquisitions and the transition to a cloud-based platform, acknowledging challenges but ultimately supporting the vision. The hosts emphasize Intuit's engagement with user feedback, third-party app ecosystem, and efforts to foster community through events like QuickBooks Connect. Despite criticisms, they argue Intuit exhibits financial responsibility that will ensure QuickBooks' longevity, benefiting accountants who embrace change.

Sponsors
Client Hub- https://uqb.promo/clienthub
Relay - https://uqb.promo/relay
Harbor Compliance - https://uqb.promo/harbor

(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast
(04:29) - The Positive Impact of Intuit's People and Culture
(05:43) - Reflecting on Intuit's Training and ProAdvisor Program
(10:04) - The Power of Feedback and Community Engagement at Intuit
(24:53) - A Closer Look at Intuit's Handling of Mailchimp and TSheets
(28:42) - Exploring QuickBooks Time and Its Integration Challenges
(29:31) - The Power of QuickBooks Time and Its Slow Rollout
(34:28) - Accountant-Approved Apps and the Need for Verification
(43:22) - QuickBooks Online: A User-Friendly Platform for Small Businesses
(49:16) - The Future of QuickBooks: Cloud-Based Platforms and Financial Decisions
(54:16) - Embracing Change and Upcoming Events