QuickBooks Opens to iPhone and BlackBerry

In my recent work “Seven Hot New Financial Planning Trends”, I have identified one trend as “Be on Top of Your Numbers”. “Be on Top of Your Numbers”, means using QuickBooks or a similar accounting software to track your Personal AND Business financial affairs.

I believe you have to have a business to take advantage of the tax code. When you pull profits from the business and drop them into your household; it is like running another business and the household is where most people have their true wealth, in their Personal Financial affairs, not their business.

Tracking your financial affairs means having access to current financial statements consisting of a Balance Sheet and a Profit or Loss Statement.

I saw the article "QuickBooks Opens to iPhone and BlackBerry" on WebCPA.com, and found it very interesting, you can find the article at http://www.webcpa.com/article.cfm?articleId=28980. What I found most interesting is a confirmation of my belief and teachings as outline above.

Not only does it suggest keeping on top of your numbers with online accounting software capable of downloading transactions directly from your bank or financial institution to make it easy… It also suggests accessing your numbers frequently from your iPhone or BlackBerry. By frequently I mean more frequently and more formally than simply pulling numbers from everywhere for your tax preparer who then puts them into your tax return after the close of your tax year.

Not only does your tax preparer only work with your “taxable” income and “tax deductible” expenses he or she completely disregards non-tax related income and expenses. What is even worse is the fact that income and expense items appear on your Profit or Loss financial statement and nobody is looking at your Balance Sheet where all of your assets, liabilities and your net worth are recorded.

Call me to find out more about the “Seven Hot New Financial Planning Trends” which are part of my Abundant Life Strategies work. Take advantage of a free consultation to identify opportunities for you to preserve and grow your wealth to achieve balance in Seven Key Areas of Life.

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Flyer Nets $16,000 in Commissions!

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Mortgage Meltdown & Real Estate Bubble Solutions

For assistance in understanding your options related to rising mortgage interest rates and the dramatic drop in real estate values visit this site of my client Michael Doan, Attorney. The Doan Law Firm very knowledgeable in Real Estate, Bankruptcy and Personal Injury Law.

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Paper Planes (Take Your Money)

http://www.youtube.com/watch?v=71iJyO5brR8