GreenRope's Complete CRM Offers Users QuickBooks Online Integration

 GreenRope, the industry's leading CRM and Marketing Automation software, recently launched an integration with Intuit's QuickBooks accounting software, and has now released their newest integration with QuickBooks Online using their Cloud Cart Connector. 

"Once we launched the original QuickBooks integration, we had a lot of clients asking for the online version," explains CEO, Lars Helgeson. "In order to make the business lives of our clients easier, we want to be able to offer as many integrations with GreenRope as we can. The more strands in a rope, the stronger it becomes." 

The GreenRope-QuickBooks Online integration greatly enhances GreenRope's capabilities for Intuit users. Instead of working in two different platforms, businesses can now consolidate and streamline their efforts to ensure no data is lost. 

Feature Highlights and User Benefits:
• Easily sync orders between your e-commerce solution and QuickBooks on a regular basis
• Sync contacts from QuickBooks to GreenRope
• U.S. and Canadian Sales Tax Support
• Customer and Product Mapping
• Intuitive, Web-based UI

Simplify and automate your e-commerce and accounting, so that you can spend more time marketing and selling than managing your accounting.

View an online demo of the integration, and download the plugin! 

Try GreenRope's 30-day free trial at www.greenrope.com. 

10 ways online accounting software beats desktop packages

LiquidAccounts for AccountingWeb UK writes: If you want the best all-round accounting service for your business, provided at an affordable rate, then there really is nothing more appropriate than making use of online accounting software.

There are a number of reasons why online software proves superior to desktop packages, and below we highlight ten of the most pertinent:

1.       Cloud storage: With all your records stored online, there’s no need to invest in costly backup or storage solutions. You can sit back, safe in the knowledge that there’s no risk of your data being lost through fire damage.

2.       Remote access: Save time by working with your clients remotely. Withremote control accounting available from anywhere you could literally view and update your records at the pub or on the beach!

3.       Security:  Your accounts data is stored by the software host on secured, monitored and regularly backed up servers. With data security of paramount importance, your accounts can be as safe as your online banking.

4.       Year-round access: Online access to your records 24/7/365 means that you can review your financial standing any time, any place.

5.       Cost: For the small business owner, the most obvious benefit is the low cost of online accounting. Unlike most desktop software packages, online accounting apps require no significant upfront payment; many even include free trial periods.

6.       Productivity: Paperwork can often render even the strongest of wills into fits of distraction. With no paperwork to fill out and much of the work automatically filled-in, keeping productivity levels high has never been simpler.

7.       Accuracy: Mistakes made by manual calculations can lead to substantial losses. Using online accounting software helps to reduce these errors and save you money.

8.       Compatibility: Online accounting systems nullify the effect of compatibility errors between, for example, your own PC and your client’s Mac.

9.       Space-saving: With no need to install huge files or store years of records on your computer, online accountancy software offers the benefit of not occupying gigabytes of data on your system.

10.   Mobile-optimised: More and more of us are choosing to work on-the-go. With mobile optimised software at your fingertips, you can view your accounts from the littlest to the largest of screens with equal ease and comfort.

Whether you’re an SME, bookkeeper or accountant, the above reasons – and more besides – highlight why you should switch to cloud-based accounting software today.  This article was written by Liquid Accounts – award winning online accounting software designed specifically for SME’s, accountancy practices and bookkeeping firms.  Should you wish to trial Liquid Accounts free for 30 days please visit www.liquidaccounts.com 

Four Things to Know about Net Investment Income Tax

Starting in 2013, some taxpayers may be subject to the Net Investment Income Tax. You may owe this tax if you have income from investments and your income for the year is more than certain limits. Here are four things from the IRS that you should know about this tax:

1. Net Investment Income Tax.  The law requires a tax of 3.8 percent on the lesser of either your net investment income or the amount by which your modified adjusted gross income exceeds a threshold amount based on your filing status.

2. Net investment income.  This amount generally includes income such as:

• interest
• dividends
• capital gains
• rental and royalty income
• non-qualified annuities

This list is not all-inclusive. Net investment income normally does not include wages and most self-employment income. It does not include unemployment compensation, Social Security benefits or alimony. Net investment income also does not include any gain on the sale of your main home that you exclude from your income.

After you add up your total investment income, you then subtract your deductions that are properly allocable to this income. The result is your net investment income. Refer to the instructions for Form 8960, Net Investment Income Tax for more on how to figure your net investment income or MAGI.

3. Income threshold amounts.  You may owe the tax if you have net investment income and your modified adjusted gross income is more than the following amount for your filing status:

 Filing Status                            Threshold Amount
 Single or Head of household            $200,000
 Married filing jointly                        $250,000
 Married filing separately                  $125,000
 Qualifying widow(er) with a child       $250,000

4. How to report.  If you owe this tax, you must file Form 8960 with your federal tax return. If you had too little tax withheld or did not pay enoughestimated taxes, you may have to pay an estimated tax penalty.

For more on this topic visit IRS.gov/aca. You can also get tax forms on IRS.gov or by mail by calling 800-TAX-FORM (800-829-3676).

Additional IRS Resources:

• Questions and Answers on the Net Investment Income Tax
• Tax Topic 559 - Net Investment Income Tax

Xero beats sales target / Doubles employees

Tom Pellar Strecker writes; Xero shares have risen 2.2 per cent to $38.00 in early trading today after it reported an 83 per cent rise in annual revenue to $70.1 million.

A strong fourth quarter saw Xero just beat the target it announced in August of growing its sales by more than 80 per cent in the year to the end of March.

The company said it expected its net loss would be about $35m, up from $14.4m last year. Forsyth Barr had upped its forecast of Xero's annual loss by $6.3m to $41m in November, so the final figure looks like it will be in line with its original forecast.

The strong New Zealand dollar had adversely affected reported operating revenue because two-thirds of its sales were overseas, Xero said. On a "constant currency basis" Xero's sales grew 92 per cent.

Xero added 376 employees during the year, taking its workforce to 758.

The value of its subscriptions on an annualised basis had risen to $93m by the end of year. Of that $41m were generated in Australia, $29m in New Zealand, $14m in Britain and $3.3m in North America. It said it was now turning its focus to the important United States market.

Xero had received "US industry recognition", for example being named among Accounting Today's 2013 "top new products", it said.

Some of the heat had come out of Xero's share price in recent days, with the stock closing yesterday at $37.20, down almost 20 per cent on its record high of $45.99.