FAQ is a regular blog feature that answers frequently asked questions and makes them available as a growing list of tagged blogs.
It depends on where the invoice entry originated from.
If you created an invoice in Freshbooks: Any invoice created in FreshBooks and imported has to be corrected in FreshBooks. That’s because if you change it in IAC-EZ, it will just change back when Freshbooks and IAC-EZ resync. (Note: In the future, we are planning to support dual editing, but right this second, please edit in FreshBooks.)
If you created an invoice entry in IAC-EZ: If there is an error on an invoice created in IAC-EZ, you can edit from your Invoices Tab, List Invoices Sub Tab, and choose the edit link on the right. You will be able to make any adjustments needed.
Do you have a Question? Please email it to support@iacez.com.
Time flies when you’re having fun. It feels like it was just days ago that I was trying to remind myself to write “2009″ on things instead of 2008.
Since the beginning of the year we have gone out of beta, raised nearly $1000 in funds for charitable organizations, held our first contest, and advanced to version 1.35 of IAC-EZ. And the excitement is just starting. There are so many innovative make-it-easy-for-you ideas on our roadmap that we’re just bursting trying to get to them.
I hope that your business is as busy as ours has been. I know that, in spite of the recession, there are many small business owners who are as busy or busier than ever before, which makes me think that many big businesses and consumers are feeling the pinch but not many entrepreneurs, freelancers, and small business owners are!
That’s the good side of the balance sheet. Now let’s talk about the sobering side: The year is one-quarter done. And if the upcoming quarters go as quickly as this quarter did, I’ll be struggling to write “2010” on everything before I know it.
At the end of every quarter we like to do a little diagnosis of our business, and I’d recommend that you do the same for yours.
Just ask yourself the following questions and answer as honestly as possible:
• Did you reach your revenue goals for this quarter?
• Were your expenses what you expected them to be this quarter?
• What is your revenue goal for the coming quarter? How will you reach it?
• What is your expense expectation for the coming quarter? How will you reach it?
• What was the highlight for the quarter? How can you achieve a similar success in the coming quarter?
• What was the lowlight for the quarter? How can you reduce the likelihood that it will be repeated in the coming quarter?
Until next time,
Jessica Routier, IAC-EZ
This blog is the next of an occasional series of blog posts in which we celebrate famous bookkeepers and accountants of history and film.
Today, we’re celebrating the accountants and bookkeepers at the Scranton office of Dunder Mifflin Paper Products in the hit TV show The Office .
If there’s anyone in the world who has not heard of the show, it’s basically a fake documentary about life in a midsize paper company in Scranton, Pennsylvania and it was inspired from the UK show of the same name. I watch it Thursday nights on NBC.
There’s uptight Angela Martin, played by Angela Kinsey, who seems to be in charge of payroll. And in her personal life, she has to decide between two men – Dwight and Andy. (Yikes! What a choice).
There’s complicated Oscar Martinez, played by Oscar Nunez. We don’t hear much about what his actual job is in the accounting department at Dunder Mifflin, but his ethnicity and lifestyle are the targets of Michael Scott’s cringeworthy antics. He agreed not to sue Dunder Mifflin, and as a result, enjoyed a 3 month paid vacation and a company car.
And there’s lethargic Kevin Malone, played by Brian Baumgartner. He likes M&Ms and doesn’t really seem to be qualified for the job.
None of these accountants or bookkeepers (or, perhaps, seatwarmers?) seem to be qualified for the job and yet we see them there every week doing work. (Although now that we think of it, that is a sort-of theme that runs through the show).
A couple years ago, NBC ran a series of short online videos following a storyline about the accountants and the lengths they will go to find some missing money. US residents can watch those videos here.
Jessica Routier, IAC-EZ
It used to be that business was done at the local level. From ancient times right up to the past century, businesses often advertised and served the people living in the vicinity. Business that stretched beyond the local borders was usually reserved for the most adventurous and daring.
Some developments (like rail, steamships, telegraph, telephone, fax, and others), made dramatic advancements at breaking down barriers, but they still existed. It wasn’t until the proliferation of web access that we really saw a world that truly did business on a global scale. Those local “mom and pop shops” are dying out and are being replaced by high tech, interactive e-businesses run from all over the world. It’s very exciting!
IAC-EZ recognizes that business is global so we serve the global market.
At the most basic level, all businesses – no matter what continent or country – perform the same tasks: Take in money (revenue) and pay out money (expenses), and those are the transactions that your business can record at IAC-EZ.
IAC-EZ complies with Generally Accepted Accounting Principles (GAAP) which is recognized worldwide as sound business practice. It doesn’t matter what continent you’re on, what country you’re in, or what country your employees or vendors or customers are in, the bookkeeping you do at IAC-EZ will add up and make sense.
IAC-EZ allows users to set time zones so your revenue and expense data can be recorded in the right time zone for you.
More to come
In the interest of full disclosure, our potential international customers need to know this: Currently, our tax data is only applicable to the US and we only operate in English. The reason is simple: We had to start somewhere! However, you’ll be happy to know that we have several international-supporting features in our roadmap that we plan to roll out in the future. We can’t tell you all of them or our competitors will just copy us, but we’ll give you a hint: Currency settings, international tax data, and more!
As of this writing, we serve clients in 17 countries and that number grows all the time!
Jessica Routier, IAC-EZ
