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quickbooks file doctor

quickbooks file doctor

quickbooks file doctor

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We can help you to repair damaged QuickBooks filesHow Many Computers Can QuickBooks Be Installed On?Just Who Is Your Accountant And What Does He Really Know?Anti-Mask Florida Official Dies Of COVID—and Takes GOP Software Secrets With Him that can not be opened. Recover current data files by updating an old QuickBooks file or backup with current information from the transaction log.
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Call Now Intuit's QuickBooks provides single- or multi-user access to a software package designed to enable businesses to track income and expenses with the level of detail necessary for complete control of company finances. Some editions of, or add-ons to, the software accommodate accounting practices, point of sale, payroll services and shipping. The number of computers on which you can install QuickBooks depends on the terms of your license. Single-User If you purchased a single-user license for an edition of QuickBooks, your license entitles you to install the software on a total of two computers, provided that you own both systems. These two installations enable you to work at your office on one system and continue your work at home on another computer. The license terms stipulate that you use each system separately and run only one installation at a time. Multi-User The basic QuickBooks multi-user license includes the right to install the software on up to five systems you own for use by as many as five people. Multi-user licensing accommodates simultaneous use by the full number of seats covered by the license level for which you paid. You also may install QuickBooks on a sixth computer that you use solely as a data host and multi-user server. Multi-User Add-Ons To increase the number of users who can activate QuickBooks at the same time on a multi-user installation, you can purchase additional licensing in increments of three, five, 10, 15, 20, 25 or 30 seats, up to a maximum of 30. These license packs enable you to grow your QuickBooks installation along with your staff. QuickBooks accommodates license upgrades from directly within the software, provided that you use it on a computer with Internet access. Not all editions of QuickBooks include the same multi-user capacity. For example, as of January 2013, QuickBooks Pro and Premier allow a maximum of five users, QuickBooks Enterprise Solutions can handle 15, and the Accountant Edition of QuickBooks Enterprise includes only single-user licensing. Other Considerations When you accidentally exceed the number of simultaneous users permitted by the total number of licenses you purchased, you'll see an error message warning you that more users are trying to access your company file at the same time than your license allows. This error message also may appear if you haven't yet updated your installation to reflect upgraded license levels. To verify the number of licenses your multi-user QuickBooks installation can handle, press "F2" to view the Product Information window, which displays the user total and license number. If you need to upgrade to add more users, open the "Help" menu, choose "Manage My License" and select "Buy Additional User License." References Writer Bio Elizabeth Mott has been a writer since 1983. Mott has extensive experience writing advertising copy for everything from kitchen appliances and financial services to education and tourism. She holds a Bachelor of Arts and Master of Arts in English from Indiana State University. How Many Users Can Share QuickBooks? How Do I Fix It if Microsoft Office 2010 Says It's an Unlicensed Product? How Many Users Can Be Licensed in a Copy of MS Office Small Business 2007? How to Find a Lost Quickbooks Product & License Number Do You Need to Have an Exchange Server License With Microsoft Office 365? How to Run Illustrator on Multiple Machines How to Download MS Office on Multiple Computers How Many Computers Can You Put Microsoft Home & Business 2010 On? How Long Does Malwarebytes Anti-Malware Subscription Last? Microsoft Office Small Business Vs. Professional 2007 How to Reset Your License Code On Spyware DoctorIt doesn’t happen very often, but it can be devastating to a small business when it does. Tax examinations, penalties, ruined credit and bankruptcy are the possible results when a business owner hires an incompetent accountant. Accountants consistently rate as the most trusted financial professional, with only 7% of respondents in a 2018 Gallup poll having a low or very low opinion of their honesty and ethics. However, we occasionally receive a phone call from a distressed business owner who says their accountant caused significant problems. The business owner is usually being audited or sued, or they had no idea they were broke. We have learned from these calls that business owners need to be aware of warning signs that their accountant might not be who they appear to be. Here are some examples … If it’s too good to be true A young married couple hired some sharp-dressed men who spoke at their church and claimed to be certified public accountants. The speakers asserted “secret IRS information” that would allow church members to write off their Sunday best clothing, meals with the family, and other personal expenses as business deductions. Even after showing the couple the IRS code and several articles contradicting the accountants, they still believed the “secret information” line. The IRS actively pursues “tax scams” like these. If they identify a preparer who is not following the rules, the IRS can examine the returns of all of their clients. Don’t worry about it A terrified foreign doctor and his wife said their so-called “licensed accountant” told them they did not need to record the rental income and expenses for 14 rental properties on their taxes because they had “losses anyway.” The accountant threatened that if they went to someone else, he would report them to the government, and the government would take away everything they own. The client was audited by the state of California when tenants claimed the renter’s credit. Making things overly complicated A potential client who leased equipment had eight different limited liability companies formed by his accountant. I assumed it was done as some misguided attempt at asset protection. Instead, I learned the accountant didn’t know how to prepare a balance sheet, and every time an LLC would reach a dollar amount of assets that required a balance sheet, he had the client open a new LLC. The accountant was also able to charge for eight different LLC tax returns. Complete control A business owner did not know his CPA had lost his license years ago for stealing from clients. He convinced the owner to hire him full-time “at a discounted rate.” According to the owner, the accountant with the revoked license never took a vacation, but he also never reconciled the bank accounts and was not able to finish tax returns or financial statements. The CPA would become belligerent if the owner attempted to consult with other professionals. The owner also thought it was “funny” the accountant would “run” to be the first to open the bank statements. We discovered the accountant had been embezzling for years. By the time the client found out, he was on the verge of bankruptcy. Besides the fact that these business owners hired bad accountants, what all of them had in common was that their CPA was not actually licensed by the state. The clients expressed shock when a simple search at the California Department of Consumer Affairs website search.Dca.Ca.Gov/?BD=19&TP=DC did not list their accountant or reported their accountant had lost their license. Why is certification necessary? Most states, including California, have Boards of Accountancy, but the boards only regulate licensed CPAs. Most people do not know that there is no educational or experience requirement for someone to call themselves an “accountant.” There is no regulatory board and no ethical rules to follow if your accountant is not a CPA. In other words, anyone can claim to be an accountant, and many do. The different titles can be confusing. For instance, many assume that if someone has a tax preparation license, they are accountants. Tax preparation and accounting are actually different services. Tax preparers complete the forms taxpayers file with the IRS and state tax agencies. Accounting, which has been called the “language of business,” measures the results of an organization’s economic activities and reports this information to various users, including investors, banks, the courts, management, the IRS and regulators. The only educational requirement for a tax preparation license is a 60-hour course in individual taxation that can be completed at home. The IRS’ enrolled agent exam is more challenging; however, candidates are tested only on taxes and not accounting. To become a CPA, generally, candidates must have a bachelor’s degree (usually in business) and the equivalent of a master’s degree in accounting.  They must pass a two-day proctored exam that only about 50% pass, according to the AICPA. They must complete an internship under the supervision of a CPA for a minimum of one year (but often much longer). There is also ethics coursework and an exam. Many bookkeepers refer to themselves as accountants. There are advertisements that anyone can become a QuickBooks ProAdvisor in as little as two weeks. Bookkeepers process and record the day-to-day financial activities of a business. Only CPAs are allowed to provide attestation services, which are independent reviews of financial reports with conclusions (the CPA’s opinion) about the reliability of the data. There is no report a bookkeeper can legally produce that can provide those assurances. A review of the published reports from the CA State Board of Accountancy suggests that very few CPAs require disciplinary action. It makes sense that if an individual went through all of those years of study, a rigorous exam, and working long hours for someone else for little pay, they would be unlikely to risk their license by doing something inappropriate or careless. This is not to say that all non-CPAs are unqualified. I have worked with very skilled bookkeepers and thoughtful tax preparers over the years who were excellent at their jobs. If a client needs an individual tax return prepared or help with small business bookkeeping, I will often refer to them. Whether or not your accountant is a CPA, there are some measures you can take to protect yourself. Ask your accountant to put in writing any tax positions and to cite the IRS code or tax court cases supporting their position. Seek a second opinion if you are unsure. Learn about internal controls you can implement at your company (including mandated vacations) to prevent theft. Make a checklist of documents (like unopened bank statements) and reports that you will regularly require to review yourself, and do not be intimidated to ask questions. Remember, you are the client, and it is your business and your net worth that are on the line. You would not allow an unlicensed doctor to perform surgery, and you would not hire an attorney who was disbarred to represent you in court. The first step is to know if your accountant is certified. Michelle C. Herting is a certified public accountant who specializes in tax planning, trust administrations and business valuations. She has three offices in Southern California.REUTERS Just a day after testing positive for COVID-19, a Florida Republican official who battled against mask mandates, attacked the vaccine, and railed at CDC officials has died in Tampa. Gregg Prentice, who was 61, led the Hillsborough County Election Integrity Committee—and his sudden death has sent the local GOP scrambling as it no longer has access to essential campaign finance software without his help. In a Sept. 14 letter to the Federal Election Commission, the Hillsborough County Republican Executive Committee reported it might not be able to file its monthly financial reports as required—because only Prentice knew how to do it. “Gregg’s software converted data from our Quickbooks software to supply the information needed by the FEC,” it states. “Unfortunately, Gregg passed away suddenly from Covid-19 on Saturday, Sept. 11, 2021. Gregg did not share the software and instructions with our officers. We will have to enter the August data manually, and according to the information we have received from our FEC analyst, Scott Bennett, we may likely have to re-enter the data from our first 7 months of 2021. Unvaxxed Teen Councilman Who Attacked Mask Mandates Now Battling ‘Terrible’ COVID Pneumonia “We will be struggling to get all of this entered in the proper format by our deadline on Sept. 20, but we will try to do so with our best effort.” Along with others in the Hillsborough County Election Integrity Committee, Prentice was a vociferous critic of the vaccine, mask mandates, and COVID-prevention measures. He railed against top infectious disease expert Dr. Anthony Fauci, vowing in a Twitter post to “end Faucism.” He also insisted the U.S. Needs “more socialist distancing than we do social distancing” and that the pandemic was created to destroy small businesses. A spokesperson for the Hillsborough Republican Executive Committee has reportedly said that Prentice’s wife and daughter have also caught COVID-19. Meanwhile, as the local party reels, Prentice’s associates have spread their own wild conspiracy theories—presented without evidence—on how the official died. Story continues Friend Jason Kimball blames Tampa General Hospital for the 61-year-old’s death, alleging staff “illegally intubated” Prentice the day before he died. During a Sept. 13 Tampa City Council meeting, Kimball requested an investigation be launched. However, members of the City Council denied any wrongdoing or mistreatment from the hospital. “My public comments are really going to be about Tampa General Hospital,” Kimball said at the council meeting. “There’s a dire situation going on right now... That I don’t think anyone is aware of, and I have firsthand knowledge of it. They’re intubating everyone entering Tampa General Hospital as a first line of action. They’re using fatality-treatment protocol, and I think that the city council really needs to do an investigation... They’re intubating people illegally... When you call 911 and you go to that hospital, you’re going into a bad situation.” Councilman John Dingfelder quickly shut down Kimball’s comment, blasting it as “dangerous.” “Though we respect the First Amendment rights from everybody who calls in... I think it’s an extremely dangerous comment to be spreading to the community that they shouldn’t go to Tampa General Hospital... [It] is the top one or two hospitals in this community... There’s no finer place. Doctors and staff are dedicated to saving lives, and if I was sick with COVID... I would go to Tampa General Hospital,” the Democrat representing Tampa’s Third District said. After praising the medical center, Dingfelder went back to bashing Kimball’s remarks: “That was a very dangerous comment from that individual... People listen to ridiculous comments without doing the right research.” Other council members chimed in, agreeing with Dingfelder. That hasn’t stopped Kimball from speaking out on Facebook, where he’s continued to perpetuate the myth that COVID-19 is a “medically engineered virus.” Kimball has acknowledged that he is not a doctor. A LinkedIn profile using Kimball’s name and picture lists him as a pharmacy technician at Walmart. He previously worked at South Lake Pharmacy in Zephyrhills, Florida. After Prentice’s death on Sept. 11, he posted: “FOR THE VIRUS - we have a genetically engineered virus spreading around Florida. We lost Gregg Prentice, a mentor to many in Hillsborough County, due to the engineered virus. ....Do not mess around with this engineered virus - as soon as you even feel weird, get on a treatment protocol. If you are ill or dealing with brain fog, make sure you have a hospital / inpatient clinic to go to where you can actually get treatment in case you get worse.” In response to Kimball eulogizing Prentice, a follower wrote, “I can’t believe of all people that have been MURDERED in this way, that Gregg is now one of them. This is one heck of a loss for the Tampa area, Hillsborough County, every patriotic person around, and of course his family... I wish the people who have done this get held accountable, but it’s up to us to spread the proper treatment protocol in hopes this doesn’t happen to someone else. Sad day.” Read more at The Daily Beast. Got a tip? Send it to The Daily Beast here Get our top stories in your inbox every day. Sign up now! Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.

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