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Save both time and money and simplify your business in 2018 with our risk-free offer.

FastBooks Solutions Software cost only $299. If within 30 days of purchase, you are not completely satisfied, we will give you a full refund for any reason, or no reason at all. This one-time cost includes free telephone support and future annual enhanced software releases. Our unwavering goal is to exceed your expectations in business software and with our free customer telephone support. You will wonder how you ever ran your service-based-business without it!
For your peace of mind, all payments are processed, including debit and credit cards, through PayPal and covered by PayPal Purchase Protection. To receive your risk-free copy of FastBooks Solutions Business Software click on the PayPal pay.me link below.

paypal.me/FastBooksSolutions/299

Software Summary: FastBooks Solutions [Microsoft-Excel] Software (designed exclusively for Service-Based Businesses) can be utilized as a top-level plug-in [Strategic-Management-Planning-Tool] in combination with information generated from the Intuit QuickBooks Financial, Payroll, and Point-of-Sale Business Software.

When utilized as a standalone business software, FastBooks Solutions Software is a 21st Century niche “Set of Books” that generates useful sector appropriate monthly and year-to-date financial statements.

Designed and structured to serve as the organizations primary financial business software that provides vital, relevant sector critical business information and unique “What-if” software functionality that will save service sector businesses both time and money and offer a Paradigm-Shift of new insight for the enterprises who now represent roughly 80% of the U.S. economy.

Now is the perfect time to save time and money and take the “non-service side” but very challenging and necessary financial, tactical and strategic-scope of your Service-Based-Business into the 21st-Century.
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Time to start financial business planning for 2018. The chart below provides the OASDA and SSI Program Rates & Limits for 2018.

For businesses who compete in competitive service sector marketplaces, FastBooks Solutions Software will save time and money and assist with increasing profitability in 2018. The strategically important and unique forecasting functionality provided can construct a business forecast from 1 to 12 months in only a few minutes.

Based on revenue projections for individual service based employees offers service businesses the necessary information required to quickly identify analytical trends and assist with making logical business decisions will result in improved bottom line profits.

The Activity-Based Income Statement format utilized in FastBooks.Solutions Software is also the most logical format to easily construct strategically important Future Service-Based Business Forecasting, also, to quickly create both Revenue Break Even Point and Risk Reward Ratio calculations and perform other various What-if calculations.
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Why an [Activity-Based] Formatted Business Income Statement is more appropriate for Service-Based Businesses.

The [Activity Based] Income Statement format utilized in FastBooks Solutions Software classifies business expenses in logical expense categories rather than a traditional departmentalized expense line-item structure which is not an appropriate format for a service-based business.

This simplified reclassification of expense accounts enables a business owner or manager to identify major trends quickly, and assist in making logical business decisions for planning and Future Forecasting purposes.
The 24-months of simulated business data populated in the FastBooks Solutions [Practice-Software] provides an excellent example of a normal distribution of expenses for most service-based businesses.

The first [Activity Based] expense classification of [Payroll and Related Expenses] for most service-based businesses would represent approximately fifty percent of revenue. When service-based businesses utilize the traditional income statement business format, the most significant business expense is included with all other expenses in each functional departmentalized expense line item classification on the income statement.

Since the payroll content in each functional department will represent various percentages of the total departmental expenses offers little help in making business decisions for a service-based business. In fact; it is more likely to be more misleading than add any informational value when utilized for making business decisions.

The [Activity-Based] income statement format allows a Service-Based Business to easily create both Revenue Break Even Point and Risk Reward Ratio calculations and perform other various What-if calculations. An Activity-Based Income Statement format is also the most logical format to easily construct strategically important Future Service-Based Business Forecasting.

The five unique [Activity Based] formatted presentations of the Business Income Statements generated in FastBooks Solutions Software are designed to enable management to quickly understand and analyze the “financial drivers” which affects the profitability of the business and assist in “spotting unusual items” which may require further review.

Now more than ever; sound financial decision making and strategic future business planning has never been more important for businesses who play in this very competitive service sector marketplace.
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Create a Service-Business [Revenue-Based] Future Forecast in a few minutes

The FastBooks.Solutions Software YouTube [tutorial-video] below will demonstrate how to create a useful Future Revenue Service-Based Business Forecast from 1 to 12 months in a few minutes providing both ‘Key” current month and year-to-date actual vs. forecast better or worse statistics.

The future 12-month forecast created in this tutorial video will [recreate] the simulated dental clinic Business Annual Forecast example contained in the fully populated practice software.

FastBooks.Solutions [Microsoft-Excel] Software (designed exclusively for Service-Based Businesses) can now be utilized as a top-level plug-in [Strategic-Management-Planning-Tool] in combination with information generated from the Intuit QuickBooks Financial, Payroll, and Point of Sale Business Software.

Provided on the http://fastbooks.solutions [tutorial-website] include instructions and a homepage link to download the [Practice-Software] populated with 24-months of simulated business data on any fully licensed copy of Microsoft-Excel, loaded on a computer, tablet, or cell phone. (This website does not request or collect information.)

Now more than ever; sound financial decision making, and strategic future business planning has never been more crucial for businesses who play in this very competitive service sector marketplace.

The one-time-only cost for FastBooks Solutions Software is only $499. Licensed-clients receive "free-telephone-support" for 12-months from the date of software purchase in addition to “free" future annual enhanced Software releases.

The simple to learn and easy to use software functionality contained in this facet of our niche software will save both time and money and provide a [Paradigm-Shift] of new strategic and tactical business insight for companies who compete in competitive service sector marketplaces.

The real value in FastBooks Solutions Software "essential" for any service-based business is integrated into the service related software sectors nine, ten, eleven and twelve. The four integrated parts are designed to be utilized as an easy to use mathematical tool to assist business managers to measure, compare and evaluate the employees who sell their business revenue generating services.

Software segment nine is used to construct the strategic fundamental service base revenue forecast. The statistics reflected in columns one to sixteen displayed in easy to understand graphical format in subdivision [10 and 11] for service-based Workgroup one and two respectively.

The graphical segments 10 and 11 intended for the use for performing periodic employee performance reviews with the employees who sell business services to help both management and the employees better understand their performances and goals in relation to the entire team.

Another important and unique functionality feature included in software segment nine is an easy to implement and understand [optional] employee performance incentive program. The only information required to employ the performance incentive program is to enter the beginning and ending period for the incentive program and the dollar amount of the incentive pools for each workgroup in the four yellow highlighted cells A H 7 to A H 10, in the top right-hand corner box in software segment nine. An employee performance incentive program can be created for a period of one to twelve months in any single calendar year.

FastBooks Solutions Microsoft Based Software is no different from any other Microsoft-Excel file you have saved on a computer, tablet, or cell phone. The FastBooks Solutions Software Excel file utilizes the same familiar file maintenance structure for opening and saving files the same as any other Microsoft-Excel file, which includes making as many copies as desired. During the business forecasting process select unique file names to allow for ease of recognition to use or refer to at some later date. For example; Forecasting Planning Meeting January 5th, 2017.

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Below is the [written-transcript] for this FastBooks.Solutions Business Software YouTube [Tutorial] Video:

The FastBooks.Solutions Software YouTube [tutorial-video] below will demonstrate how to enter the first month of data in FastBooks Solutions Service-Based Business Software in 4 simple steps. To fully use all the unique functionality features included in FastBooks Solutions including generating Monthly Financial Statements requires only one month of business data.

Step number one: Start with software segment thirteen. The purpose of this software segment thirteen is to collect the payroll information for the business employees. The software organizational structure provides for three functional employee Workgroups. The first two Workgroups are for service or billing employees each structured to accommodate up to fifteen employees. The 3rd Workgroup is for all other employees; and can accommodate up to twenty-five non-service based employees.

This step is only required when populating the first month of business data. Once the first month of data is successfully entered in software segment thirteen; the information entered in future months should only be maintained and updated during the calendar year, to agree with the current business payroll register.

Within this organizational employee structure, “What-if” employees can be added to column C for business planning purposes. This feature enables management to evaluate the potential financial impact of adding new employees before hiring.

Planning names for “What-if” service-based employees in column C are carried over to software segment nine and in the same manner, as Workgroup employees combined to calculate a What-if Service Based Revenue Forecast reflected in software segment nine cell R46. The “What-if” forecast reflected in the cell [R46] is carried over as the Service Based Revenue Forecast reflected in segment nine cell N9.

Software segment thirteen contains a part two set of columns that are not required to be populated. This optional part two is structured to generate and provide a fully functional business direct deposit payroll system.

Step number two: The purpose of software segment twelve is to collect information for the billing service based staff members only. There are only three informational data fields required to enter per month; for each of the service based employees; in both service based employee Workgroups.

For most professional or billing service-based businesses, a dental clinic; as the example used in the Practice Software or a legal or accounting firm are two other good examples of professional service based enterprises that would most likely use these same three informational data fields.
Data field number one. The Number of Days or Hours; Worked in Month.
Data field number two. The number of customers or patients seen in the Month.
Data field number three. The customer service billings in Dollars in the Month.
These three data fields can substitute for other similar more appropriate industry data fields; if desired?

Step number three: The purpose of software segment eight is to collect the businesses monthly revenue and expense transactions. To keep things very simple; the FastBooks Solutions Software utilizes the same line numbering and line descriptions as the IRS tax statement eleven twenty S Income Tax Return for an S-Corporation for the businesses [chart-of-accounts].

From a big picture perspective; this allows the company to classify expenses using the eleven twenty S same expense account classification required by the IRS tax statement. FastBooks Solutions clients can customize their licensed copy of FastBooks Solutions Software to use Federal Tax Return eleven twenty S or eleven twenty or Schedule C, Form 1040. The chart-of-accounts only includes the line numbers and line descriptions of the tax-deductible expense classifications which apply to a service-based business

FastBooks Solutions Software automatically populates and updates the tax statement after each month of business [data] is entered. The tax statement generated in software segment six will correspond to the year-to-date business income statement, which is the last month of [data] entered.

The revenue and expense data in software segment eight automatically populates three unique industry appropriately structured presentations of the income statement. These software segments restructure the traditional income statement into four activity-based categories. This income-statement format is more appropriate for a service-based business for an easy understanding of the financial drivers that affect profitability, as well as identification of unusual items that may require further review.

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Why the financial statements generated in QuickBooks is not appropriate for Service-Based Businesses

The Audio-Bar HTTP link below will allow you to listen along while reading or just listen to the information provided in this post. (Click or copy and paste the link in a browser to start the recording.)

http://fastbooks.solutions/wp-content/uploads/2017/11/Why-the-FS-in-QuickBooks.mp3

The only income statement the QuickBooks financial software program can create is in a traditional income statement format or a trial balance format. This traditional income statement format used by all publicly held businesses who are required to issue both quarterly and annual financial statements and operate under the rules and regulations required by all companies in the public sector of the economy.

The traditional “Revenue Minus Cost-of-Sales=Gross Profit” Income Statement format created in QuickBooks is not an appropriate Income Statement format, for any Service-Based Business. There is no logical reason for a service based business to classify and group business expenses in the manner required to determine a “Gross Profit subtotal” line within the structure of the income statement.

A subtotal calculation of “gross-profit” has no value for a service-based business and is not a requirement in any of the I.R.S. federal tax forms for businesses who file business annual federal tax filings under the “cash method of accounting.”

Also; the departmentalized expense classification format in traditional business income statements offers little help in making business decisions for a service-based business. In fact; it is more likely to be more misleading than add any informational value when utilized for making business decisions. In contrast; FastBooks Solutions Software creates five unique industry appropriately structured presentations of the income statement.

One of the many unique features included in the FastBooks Solution Software is a metric which calculates the incremental W2 earnings compensation change for the business owners’ compensation for any “what-if” scenario entered in the model. In theory; this is the bottom-line question for any business owner would want to know for any business decision.

The [Activity-Based] format allows a Service-Based Business to easily create both Revenue Break Even Point and Risk Reward Ratio calculations and perform other various What-if calculations. An Activity-Based Income Statement format is also the most logical format to easily construct strategically important Future Service-Based Business Forecasting.

Now more than ever; sound financial decision making, and strategic business planning has never been more important for businesses who play in this very competitive service sector marketplace. The five appropriate designed presentations of the income statements generated in FastBooks Solutions Software enables management to quickly understand and analyze the “financial drivers” which affects the profitability of the business and assist in “spotting unusual items” which may require further review.

The link above will download a PDF-image of all [18] core software segments into [1] secure Adobe PDF reader-file.

http://fastbooks.solutions/wp-content/uploads/2015/06/FastBooks.Solutions-2017-Practice-Software-18-PDF-images-o.pdf

The best method to quickly gain a basic understanding and appreciation for the unique functionality features provided in FastBooks Solutions is first to review each segment in a PDF format.

Reviewing each in a PDF file first will eliminate any distraction of using a software platform that you may not be familiar with while attempting to understand how to use and integrate FastBooks Solutions Software into your Service-Based Business.
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Technology should help your business reach its long-term goals. However, this is virtually impossible if business leaders and IT departments aren’t working together to align technology with business objectives. Ideally, this would be the job of a Chief Information Officer (CIO). However, many small businesses don’t have the means or demand for hiring a full-time CIO. Enter the virtual CIO. Find out more on the blog.

It is estimated that nearly 90 percent of marketers find social media listening effective. However, only about 37 percent practice it. Social media listening is one of the best things you can practice. Whether you like it or not, your: prospects, customers, and competitors are all talking. Are you listening?

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Originally shared by Aldaris CPA Group
Adjusting the basis of partnership property following a transfer or distribution has stringent regulatory requirements, but there is relief.
#partnerships   #taxrelief   #duediligence   #mylifeforaiur  
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