January Newsletter: Issue #13

Many shops located  in the local Ports O' Call Village of San Pedro, California had their last weekend a few days ago, as s hop owners were served with 5-day eviction notices on Monday.  

The $100 million development has been in the works for some time now - plans to renovate the village were approved in 2016 -  but  merchants were initially told not to anticipate the evictions for another 1-2 years.  

Fortunately, some of the vendors have been able to relocate, including  Glass Act is now at A & E Trophy, Unit B, 24519 Narbonne Ave., Lomita CA.   Arts 'n' Music has also moved to 1014 S. Pacific Ave.  

Many businesses are unaware that they  are entitled to refunds on late deliveries, invoice errors, and lost & damaged packages shipped via FedEx and UPS .  

If your business ships with FedEx or UPS, we recommend that you look into 71lbs.  They  monitor and claim the refunds on your behalf, and you are not charged unless they find a refund.  

How it works: 71lbs monitors and claims the refunds on your behalf.  Once the shipping refunds are credited by FedEx and/or UPS, then 71lbs will invoice you for their fee which is half of the found & collected refunds.  That's it.

Here are some examples of the types of refunds 71 lbs claims:

Follow this link if you want to sign up or find out more:

A list of ten tax tips from the IRS created for taxpayers to keep in mind when selecting a tax preparer:

How To Void a Check In QuickBooks

Here is a great article on how to void a check in QuickBooks, including important considerations such as the fiscal year it was written and whether it is a payroll check.  This is a common client error and one all bookkeepers should know how to handle.

New Features Introduced in QuickBooks Desktop

New features were introduced in the latest  software   version of QuickBooks Desktop products -  QuickBooks  Pro, Premier, Accountant and Enterprise.  
  • Multiple monitor support
  • Search in the chart of accounts
  • Toggle between cash and accrual on reports
  • A 'past due' stamp
  • New keyboard shortcuts
  • For QuickBooks Premier and Enterprise, enhancements to Inventory Reports 
  • and more.
Select a product to view more of its features: 

If you have questions or would like to see which QuickBooks Desktop software is best for you please let us know. 

You can reply to this email, call (310) 791-1230 or schedule an appointment to contact us.    

A bit more on QuickBooks Desktop, here's a  review  of two products - QuickBooks Pro and QuickBooks Premier.  

Most economists are saying that if you can afford a home in Southern California, now is a good time to buy - as prices are expected to continue to raise and interest rates are still low.  

In recent years the gains have been very high but this year is not projected to continue that pace.   Still, the supply of homes will continue to not keep up with demand for housing in the Los Angeles area, and so prices will continue to rise.  

(It's worth noting that the high demand for housing goes along with the fact that the Southern California region's population is highest it has ever been - and just surpassed 18 million!)

For more on what the economists anticipate in 2018:

Don't forget!: strong passwords are essential to keeping your company information secure.   If you've ever wondered about the best ways to setup your password and protect accounts,   here   are 9 tips on how to keep your business data safe :

Accounting Therapy specializes in everything QuickBooks.  Our team is highly experienced and offer a wide range of services and support:

Accounting Therapy, Inc.

Call: (310) 791-1230
E-Mail: info@accountingtherapy.com
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