Category: business

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For Accounting Professionals: Private Hosted Solutions and Helping Clients Cope with the New Normal

Accounting professionals have an opportunity right now to help their business clients through the difficulties presented by the COVID-19 pandemic. With work-from-home mandates and increasingly fluid reporting requirements to support grants, loans and loan forgiveness, business owners need all the support and good advice they can get.

The global pandemic is changing the landscape of business worldwide. Many small businesses in the US have either closed or are on the brink, looking for ways to keep the doors open and employees paid. Supply chains are strained, distribution has slowed, and workers are being asked to work from home if possible.

These are challenging times, but the guidance and support you can provide to your business clients can be just what they need to help keep the doors open and workers producing. Remote access, cloud hosted applications and data, and real-time accounting support and management reporting are the weapons you and your clients will use to fight the conditions that are currently working against you both.

Help your clients deploy cloud hosting services for their entire business.

Running applications and storing data on an in-house network increases the cost and complexity of supporting a remote or mobile workforce, for you and for your clients.

Remote access and supporting work from home requires that users have the means to communicate with each other and to collaborate on the work. Tools to support communication and collaboration are critical when the workforce is distributed, operating from a variety of locations and with whatever device is available. Yet business owners, operators and managers may find that collaboration apps and other online tools don’t provide access to the applications and data required to do all their work.

To address the problem of working on client data, some accountants may install the client software and copy the data to their own in-house networks. This creates a situation where the accountant is paying for computing resources, space and management of client applications and data in addition to their own. This increases the cost of internal operations for the accounting firm and can impact internal system performance while also reducing overall productivity.

More to the point, this model only supports doing after-the-fact work for the client, which results in the data and reporting being outdated and far less useful to the client in supporting daily decision-making. This model also does nothing to help the firm with their own possible work-from-home needs even as IT support and on-site service becomes more limited.

Accounting professionals wanting to provide services to clients proactively rather than reactively must have real time access to the same applications and data that the client uses. The old fallback to remote control solutions is one approach, yet it is not really an optimum solution to the problem.

Remote control, like PCAnywhere, GoToMyPC or LogMeIn expose the professional to more of the client computing environment than is necessary, introducing risk and the potential for blame if something goes wrong. And remote-control solutions are single user, reducing productivity because the client can’t use their system while the accountant controls the computer. RC solutions also rely on the availability and function of the on-premises systems. If the on-prem systems aren’t turned on, up and running and accessible, then the remote user can’t connect.

It may be that online or web-based applications are an option, but for many businesses they aren’t really a viable solution. QuickBooks Online is simplified software and is not appropriate or usable for many businesses. The QBO subscription model is per-company, limiting options and reducing cost-efficiency for businesses with multiple entities. And QBO doesn’t address other business needs, such as working with documents and reports, and it can’t provide any access or support for other business applications. Even the ability to backup and preserve data is very limited without specialized services and tools.

Shared hosting service might be closer to the right answer, yet shared hosting is generally only useful for very small organizations and supports only core QuickBooks functions, so it can be as restrictive QBO. Shared infrastructure used by the shared hosting platforms can also introduce significant risk to every business on the platform because ransomware and malware can easily move through connected file systems and servers.

Compare shared services to a public pool where it is very easy to transmit from one person to another; in these networks an intrusion can end up spreading malware to the entire network and platform, resulting in days or even weeks of outages. Unfortunately, disaster recovery is often limited to recovery of the provider hosting platform and does not always include recovery of all customer data.

The best solution for business is private, managed cloud hosting service delivered on a trusted and proven platform like Microsoft Azure.

Hosting service that takes advantage of the Microsoft Azure cloud  platform allows the business to centralize access to all their important applications and data, making it possible to provide complete application functionality for all users no matter where they are located.

Using the Azure platforms means that security, fault tolerance, scalability and agility are designed into the solution rather than being extras from the hosting provider. Microsoft-managed datacenters and Microsoft-managed hardware means the experts in systems and security are handling the big stuff while the service provider focuses on what the client needs.

The virtualization technology enables the agility to meet changing business needs, scaling systems up or down if necessary. Massively scalable platform allows services to be right sized now without concern for future resource requirements (no buying ahead based on possible future needs). There are no arbitrary limitations placed on the applications or services the business needs to run on the cloud platform, and no fees for running more apps.

Making all the applications and data available to workers, when and where they need them, is the key to promoting higher levels of productivity while delivering the data management needs to support daily decision-making.

Now that you have access, provide pro-active support and help business owners and managers make the right decisions.

Better data and reporting to support business and finance management is more important than ever, especially when having the right information can mean the difference between keeping the doors open and closing shop for good. Whether the goal is to shore up finances to keep employees on staff or to create a cushion to help weather supply chain disruptions, businesses owners need quality financial and performance data in order to make the right decisions for the company.

Once the accounting professional has real-time access to client systems, they can work cooperatively in the data to ensure that the right information is available when it is needed. As business owners seek to take advantage of grants and loan programs available due to the pandemic, the financial and other performance data becomes even more essential in terms of developing qualification and eventually forgivability of the loan.

With timely access, proper reporting tools and regular support and oversight, business owners benefit from a closer working relationship with their accounting professionals. The additional support and proactive service is more necessary now than ever. For the accounting pro, an elevated relationship with client is being developed, where the services provided become more meaningful and the value of those services more evident.

Make sense?

J

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The New Not-So Normal

Millions of people are out of work. Restaurants and shops are shuttered… some permanently. Manufacturing production is largely halted, and the US economy comes to a screeching stop. “Essential” services are available and medical and service workers continue to perform their jobs, but things are anything but normal even for those who remain at work.

The global pandemic has impacted nearly every aspect of daily life and it feels like uncertainty is all we can expect for the time being.

Change is a normal part of daily life – adjusting to varying conditions and forces in and out of our control. But the current climate of not knowing is something none of us has ever faced before.

We take certainty for granted. Our society assumes that things will continue to go pretty much the way they have. We’re used to operating within a standard set of boundaries, and we are just beginning to understand what happens when those boundaries which define “business as usual” go away on a global basis.

We understand that things can happen to disrupt daily life, but there is always somebody or something there that remains… something there to prop up the impacted. You think about global relief efforts where people from all over the world gather to help those in need wherever that need occurs. What happens when the need becomes global? That’s where we are now.

Never in my lifetime did I believe we would see the northern and southern borders of the US closed to regular travel. I wouldn’t have believed that we would see all travel to other countries restricted in some manner, not to mention the locking down of cities, districts, counties and townships worldwide. Essential businesses and their employees continue to operate in increasingly difficult conditions, and hoarders are pillaging the available supply of goods, making things unnecessarily difficult on everyone.

It is kind of like a bad horror movie with all the stuff to freak you out…

  • Global pandemic.
  • Researchers working feverishly toward a treatment or cure.
  • Borders closed and travel restricted.
  • Shortages in medical and other supplies.
  • Field hospitals being setup and morgues being overloaded.
  • Gun and ammo sales skyrocket along with unemployment.
  • Limits on goods available due to hoarding.
  • National Guard deployed to cities.
  • Politicians trying to appear sincere while they take advantage of the situation.
  • Fake news and fear mongering.

The real kicker is that we don’t know when it will end. Maybe things will be better tomorrow… or in a few weeks, which is more likely. But still things won’t be as they were before. Not for a long time.

But there are a few things we have learned already. One of them is that we need to better-prepare businesses to operate with some agility… to be able to find ways to continue doing business even when the workforce isn’t able to go to the office. There are always some jobs that must be done on-site, like grocery, restaurant, factory or warehouse work. But there are also typically administrative and support staff that don’t necessarily need to be present in the building in order to be productive.

Supporting the work-from-home or anytime/anywhere access models aren’t just luxury items any longer. It isn’t just a matter of offering options to make the job more attractive. Having a means to continue the operation and allowing workers to do their jobs while away from the office has become a business imperative. Schools are forced into distance learning models, and physicians have instituted virtual doctor visits.

Via remote is the way most things are getting done right now.

And it isn’t really just about having that option to work from anywhere or keeping social distancing in mind. Consider also the resilience of the IT infrastructure. With travel restricted and people operating under stay-at-home orders, getting on-site IT repair or replacement service may not be an option. On-premises systems are completely dependent on the facilities and if something goes wrong there may not be a way to address it.

There are a great many reasons why moving your systems off-premises and into a cloud hosting situation is a good idea. Creating predictability in IT costs is a big one. Increasing the fault-tolerance of the systems is also important, as is improving performance while not over-purchasing for possible future needs.

But right now, today, it is all about having the access your workers need while building a level of agility in the system to meet changing requirements. And I think we can all agree that things are changing, so adapting your business IT strategy to address change is no longer an option. That is one thing that is certain and it is our new normal.

Make Sense?
J

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Working from Home: Remote Access Capability to Address Coronavirus Concerns

Scanning electron microscope image of the  coronavirus SARS-CoV-2 (blue) emerging from the surface of cells cultured in the lab. Image credit: NIAID-RML

COVID-19, as the new human coronavirus is now known, is spreading around the world and that means that individuals and families – and businesses – should prepare.

The Centers for Disease Control has said that it fully expects community transmission in the United States and is asking families to be ready for the possibility of significant disruption to our lives. This shouldn’t be a call to incite panic and doomsday scenarios, but it also isn’t something to be taken lightly.

Business need to consider how they will help keep their workforce working as symptomatic individuals quarantine themselves and others look to reduce their exposure in public.

Being at risk personally isn’t the only reason to prepare. Many will feel that the risk to them is small, recognizing that the disease is quite mild in most of those that become infected. But the primary reason to prepare is to help lessen the risk for everyone. Taking preventative steps to limit the spread of the disease is essential for everyone.

Prevention means doing more of what you should already be doing to help prevent the spread of any communicable disease…

  • Wash your hands
  • Cover your mouth when coughing
  • See a doctor if you’re sick
  • Avoid other people if you are infected or showing symptoms

This means staying home from work if you are even a little bit sick.

Look at what’s happening in Japan, a country known to promote spending long hours in the office as a crucial element to success. Authorities there are urging companies to break with that long-standing belief system. They are encouraging businesses to have their employees work from home to help limit the spread of the virus, yet most businesses aren’t prepared at all to handle a remote workforce.

Panasonic, NEC, and Mitsubishi are among the growing number of firms that have mandated or recommended remote work for tens of thousands of staff. The change is testing the ability of the nation’s companies to embrace a more flexible work style—overturning a workplace culture that dates back decades and values physical presence and endurance of long hours over productivity or efficiency. https://fortune.com/2020/03/01/coronavirus-japan-government-remote-work/

This is where cloud hosting services can be a big benefit for the business. Migrating the desktop and networked applications to a cloud-hosted platform allows the business to continue using the software and systems already working in the business, but to run them from a cloud platform that enables workers to access from anywhere… including from home.

Rather than trying to convert to web-based applications, requiring retraining of employees and conversions of data, businesses find great success in simply moving their in-house systems to an agile, scalable cloud platform that can be accessed via the Internet. Particularly when it comes to enabling remote offices and at-home workers, a cloud hosting approach is the way to rapidly move critical IT infrastructure out of the office, providing a means to support remote workers almost immediately.

Businesses find great benefits from hosting their applications and data in the cloud every day and without the pressures of global disaster and pandemic facing them. When the need to support remote and mobile workers becomes a work-from-home mandate, the business is already poised to meet the demand and still get the work done. It’s just another form of prevention for the business.

Make Sense?
J

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More Than Expenses: Manage the Purchase Process

For many business owners, just hearing the term “expense management” brings about visions of traveling employees with piles of receipts and vouchers to be organized, accounted and reimbursed for. The images are often fleeting, however – gone out of mind with no lingering thought because these business owners don’t have personnel who travel frequently, and they don’t have to deal with volumes of expense reports from employees. Expense management solutions aren’t anything these business owners are looking for.

Yet, what does happen every day is that equipment, materials, supplies and services are purchased to keep the business operation going. Calls are made to vendors; price quotes are developed, and purchase requests are typed up in Excel spreadsheets and piled on the owner’s desk for approval. The business owner rifles through the various requests and brings in the bookkeeper to help work through the decision of which items to authorize based on current cash availability.

Because the availability of working capital changes frequently with billings being sent out and receipts being deposited daily, the owner and the bookkeeper spend much of their time together figuring out which purchases to make and when. It is a continual and ongoing process, taking a lot of time and attention away from other important business matters.

Too often, thoughts of managing these efforts with more structure addresses only half of the issue – the purchase. Perhaps there are systems for planning for materials requirements and predicting when parts or supplies will be needed, but that is still just one side of the problem. The other side is paying for it. Factoring those purchasing plans into the cash requirements of the business and having a meaningful and effective way to monitor current cash and expected receipts as well as purchase requirements is essential. Resource and materials planning takes purchase planning, and purchase planning takes visibility into receivables, cash flow and cash availability.

Expense and purchase management processes generally involve three main steps: planning, tracking, and reporting.

As the process involves planning, it suggests a proactive rather than a reactive approach to cash management and purchasing activities. By bringing together all the critical data which describes inflows and outflows, the business owner can have the information necessary to not only forecast (plan) cash requirements but to also understand the availability of working capital.

Knowing ahead of time that traditionally slow paying contracts aren’t factored into immediately available cash is important and being able to adjust purchase schedules based on availability of funds is essential.

Where expense management may not be a big part of the business, managing cash flow and purchasing goods and services is, even in the smallest of enterprises. Make sure the business has the tools in place to help bring an additional level of intelligence to purchasing activities, and that those tools deliver the benefits of a structured (but not time consuming) purchasing approvals and proactive cash flow management process.

This aspect of business – expense management and purchasing processes – is an area where accounting professionals can be of great service to their business clients.  Providing high-value solutions that increase cash efficiency and facilitate cash and purchase planning helps the business function even as conditions change.

Make Sense?

J

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QuickBooks changes and enhancements for 2020: My 2 Favorite Fixes and Let’s Talk Cloud Hosting

Accounting professionals and small businesses worldwide use QuickBooks software to manage business finances. Launching Basic and Pro versions in 2000 and increasing market share from 74% in 2004 to boasting more than 94% in 2008, Intuit continues to successfully serve the needs of small and growing businesses.

Over the past few years, Intuit has focused quite a bit on SaaS and online services, promoting QuickBooks Online Edition, mobile payments and full service payroll as solutions that can meet specific business needs and which drive new customer adoption of the products. While customers may initially attach to QuickBooks because of one of these capabilities, it is the richer functionality found in Pro, Premier and Enterprise which often causes the business to run the desktop editions.

Intuit knows that the desktop editions remain hugely popular, which is why they continue to be updated and supported. And this is also why payments, payroll and other functions supported by the product are handled as integrated service rather than software; It’s a great way to make sure customers upgrade their QuickBooks software regularly, even when it sits on the desktop.

qbwordle

The changes in QuickBooks for 2020 aren’t amazing… it seems like they are more tweaks and adjustments than real feature releases. I’ll list a few of the changes below, but first I’d like to point out the 2 changes that I think might make a big difference.

These are my 2 favorite changes with QB 2020

1. QuickBooks Enterprise 2020:  Landed cost

How did you get along without this before? Manual calculation, that’s how. Landed cost capability gives visibility to actual, complete product costs because it adds freight, duties, insurance and whatever other expenses relate to the purchase. Allocate the costs to item bills and you now have a complete view and tracking of the real cost of bringing in the product.

2. It is Now Easier to Reset the Admin Password

Yay! No more 20 questions! The Admin password for a company file may now be reset without having to enter a bunch of information and answer a lot of questions to verify identity.  The process now asks that the user pick their email address from a drop down list of emails registered with the QuickBooks license. A token is emailed to the address to use in resetting the Admin password.  The key here is to make sure your QuickBooks registration information remains up to date so that an email you can get to is used for this process.

Here’s the list of changes in QB 2020.

You can see more on Intuit’s website.

QuickBooks Desktop Pro, Premier, and Accountant

  • Automated Payment Reminders
  • Automatically add customer PO# to Invoice emails
  • Combine all invoices meant for a single customer into one email
  • Find and open your company files with the addition of a file search option
  • Enhanced Accessibility to improve usability for vision-challenged users
  • Collapse columns in reports
  • View detailed status of direct deposit payroll
  • Smart Help: Press F1 for improved content and search experience

QuickBooks Enterprise Solutions 20.0

Here are the changes specific to QB Enterprise

  • Complete picking and packing operations as part of single workflow
  • Track product landed cost
  • Manage product vendors with primary and alternate vendor selections

Intuit continues to do a fine job of making QuickBooks desktop the most useful and easy-to-use solution for small business finance, and we make it run best in the cloud.

Where QBO (the online edition) might work for very small businesses and those with very limited requirements, the real work gets done in the desktop editions. My team helps make running the QuickBooks desktop editions easier and even more useful in the cloud.

A quality cloud hosting approach can deliver anytime/anywhere access, greater IT resiliency and faster disaster recovery, but only if done properly (note my favor for private tenant hosting rather than multi-tenant or shared hosting). The wrong platform introduces poor performance, limitations on applications and breaks in processes and workflows, and may even compromise security and complicate recovery when something does go wrong.

QuickBooks desktop solutions are the right fit for many small businesses, and these businesses demand mobility, security and flexibility in their IT systems. Providing this is our way of helping make QuickBooks desktop a little bit better.

jmbunnyfeetMake Sense?

J

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Are You Prepared for SQL Server 2008 End of Support?

 

Everything gets old eventually, and now it is official for SQL Server 2008.

03-2012sean-phone-328-e1377042261105On July 9, 2019, support for SQL Server 2008 and 2008 R2 will end. That means the end of regular security updates and general support for the product. Are you ready?

It took more than 10 years for Microsoft to end support for our beloved SQL 2005 and version 2008 has enjoyed a similarly long reign. But it’s over and you need to get used to the idea. Even more, you need to get upgraded to a new version of SQL so your systems can still be patched, updated and supported. With all the nasty exploits out there, letting your software get out of date is more of a business risk than ever.

With cyberattacks becoming more sophisticated and frequent, running apps and data on unsupported versions can create significant security and compliance risks. The 2008 family of products was great for its time, but we highly recommend upgrading to the most current versions for better performance, efficiency, and regular security updates.

Now is a Good Time to Consider Azure

Microsoft is giving a present to businesses that want to migrate their workloads to Azure. For those customers that elect to take this as an opportunity to move to the Azure cloud, extended security updates will be available for free in Azure for 2008 and 2008 R2 versions of SQL Server and Windows Server to help secure workloads for three more years after the end of support deadline. Moving existing systems to the Azure cloud is a natural step in modernizing the business infrastructure and makes the next step of upgrading to managed database services and/or migrating to new Azure servers a lot easier.

Upgrading isn’t simply a matter of maintaining status quo, either.

Moving to new versions can be a foundation for new strategic capability and increasing overall business potential, powering new decision-making processes fueled by analytics and business intelligence.

The Microsoft Lifecycle Policy offers 10 years of support (5 years of regular support and another 5 years of extended support) for the 2008 and 2008 R2 versions of SQL Server and Windows Server. When the extended support period ends, there will be no patches or security updates, which always creates security risk.

If your business is going to remain competitive, you can’t rely on outdated systems.

Your business is tough enough to manage without having your systems work against you.  Software that prevents you from keeping up with demand, creates risk in compliance and security, and reduces operational performance is not what you need. Collecting, storing and rationalizing data takes power and speed, and securing your growing information warehouse requires vigilance in security and update management.

Use this opportunity to review your platforms and applications, and consider moving your on-premises or co-located systems to the cloud. The upcoming milestone is a great opportunity to transform applications and infrastructure to take advantage of cloud computing and the latest versions of SQL Server and Windows Server.

jmbunnyfeetMake Sense?

J