Blogs

How To Use Two Item Numbers in QuickBooks

A reader asks, “I use two item numbers for my distributorship—one is the item number I assign internally and show the customer and the other is the supplier’s number. Can I use both in QuickBooks?” Read today’s edition of “Ask the Accountant” for the answer…

Politics Aside, At Least Folks Are Focused on the USPS–Let’s Keep It Up

While we were on summer vacation, the ugly state of politics brought the USPS to the top of the news cycle. Maybe that’s a good thing...

Why Are Vendor Payments Going Into a Regular Expense Account?

A reader asks, “When I record payments to suppliers, it’s going into a regular expense account called Cost of Goods Sold, but not into my Gross Profit calculation. Why is that?” Read today’s edition of “Ask the Accountant” for the answer…

Other Staff Bloggers
Promo Products

A reader asks, “I use two item numbers for my distributorship—one is the item number I assign internally and show the customer and the other is the supplier’s number. Can I use both in QuickBooks?” Read today’s edition of “Ask the Accountant” for the answer…

A reader asks, “When I record payments to suppliers, it’s going into a regular expense account called Cost of Goods Sold, but not into my Gross Profit calculation. Why is that?” Read today’s edition of “Ask the Accountant” for the answer…

A reader asks, “I have sales in several states. Do I have to collect sales tax in states other than my own?” Read today’s edition of “Ask the Accountant” for the answer…

Industry News

While we were on summer vacation, the ugly state of politics brought the USPS to the top of the news cycle. Maybe that’s a good thing...

If you think about it, we are all in customer service, simply doing our best to make clients feel heard, understood and supported. But, customer service representatives (CSRs) in the traditional sense typically are at the front line fielding the brunt of criticisms. Add to the mix the worst global pandemic...

Depending upon which experts you heed, the U.S. Postal Service is either just a few months away from insolvency or it’s in no danger of running out of cash any time soon. The purpose of accounting, one of my favorite professors used to say, is to give people the information they need to make decisions. Postal accounting, however, is more like a Rorschach inkblot test...

Sales + Marketing

The mindset you apply to your marketing as you face this challenging new business environment will determine if you succeed or fail...

Many print salespeople tell me that if they want to win work then they have to reduce their prices to match the customer’s demands. But if we adopt this attitude then selling print becomes a race to the bottom. The lowest price wins. And there is always, always a lower price...

As the pandemic continues, we have to wonder if this isolation will eat away at our creativity and innovation...

Business Strategy

The Small Business Administration is providing information on how to apply for loans and grants. Here is what you need to know.

Can you believe 2019 is coming to a close? It feels like just yesterday I was watching New Year’s resolutions gone wrong—not mine, because I don’t make them. I do, however, want to continue my November editor’s note tradition of giving thanks...

A reader asks, “I have been working for a distributor for a few years, but I am thinking of leaving them and starting out on my own. What steps should I take?” Read today’s edition of “Ask the Accountant” for the answer…

Print Products

What direct mail experience do your customers and prospects get when they receive your mail pieces? The first moment when they touch and interact with your mail piece is the moment when you either get a second look or get tossed into the trash. How many of your pieces are going into the trash? Probably more than you think, especially if...

Promotional calendars are hardly a new tool for printers to use when wooing customers and prospects. But, when a specimen like the 2019 wall planner from Diamond Packaging comes along, it asks us to think of printers’ calendars not just as marketing giveaways, but as works of art and platforms for interactive “smart” technologies as well...

Although USPS mailing promotions took a break in 2018, they are back for 2019. This year there are five old ones and one new one. Rob Hanks of Suttle-Straus Inc. highlights them here...

Mergers and Acquisitions

Peter Schaefer, a principal at New Direction Partners, and Mark Michelson, editor-in-chief of Printing Impressions, a sister brand of Print+Promo, predict how the U.S. Department of Justice, Antitrust Div., will rule on the pending acquisition of LSC by Quad. They also discuss—assuming the deal gets finalized—how it will ultimately impact...

Just four months after closing on the acquisition of Madison Forms Corporation, Signal Hill, California-based PDF Print Communications is welcoming Trade Printers Inc. to its portfolio of companies...

Sometimes, despite our noblest intentions, a deal doesn’t come to fruition. There are a million reasons why. Maybe the buyer can’t secure the right financing. Maybe the valuation comes in under or over expectations. Maybe the numbers are just too far apart for the two sides to see eye-to-eye...

Technology

A reader asks, “Do I need to make changes to my supplier’s purchase order to match the supplier invoice?” Read today’s edition of “Ask the Accountant” for the answer…

A reader asks, “I have recently purchased a new computer with Microsoft Office 365 which includes Windows 10. Why won’t my QuickBooks work now?” Read today’s edition of “Ask the Accountant” for the answer…

A reader asks, “How can I find out if I have to collect sales taxes on additional charges such as screen charges and freight?” Read today’s edition of “Ask the Accountant” for the answer…