NL HEader 0309a
Summer 2010
Issue 22
 
 
MOTIVATIONAL MOMENT
THOUGHTS TO PONDER

Confidence is contagious
            So is the lack of it!!

Michael O'Brien

 
Confidence is courage at ease
Daniel Maher

 
In a society of super-sophisticated communication
            we often suffer from a shortage of listeners
Erma Bombeck

 
It is far better to do the right things
            than only doing things right
Unknown

 
Acting your way into a new way of thinking
            is far more effective
            than thinking your way into a new way of acting!!
Unknown

 
Optimism is the faith that leads to achievement
      
Helen Keller
 
A Management Lesson

A crow was sitting in a tree doing nothing all day.

A small rabbit saw the crow, and asked him:
        Can I also sit like you and do nothing all day long?"

The crow answered: " Sure, why not."

So the rabbit sat on the ground below the crow and rested.

All of the sudden, a fox appeared, jumped on the rabbit & ate him.

So, what is the management Lesson?

To be sitting and doing nothing,
            you must be sitting very very high up!!

 

ACCOUNTING TIPS & TRICKS
FIVE QUICKBOOKS KEYBOARD SHORTCUTS

Researching ideas for this newsletter article, I ran into the following list of shortcuts, some of which I didn't' even know about. So, I thought I would pass them along.

Shortcut One: Keyboard Tips Working with Dates:
When in a date field there are many ways to change the date. Of course you can type the date or you can pull up the calendar but there may be faster ways to get to a specific date. Changing by a Few Days. If you only want to change a few days try using the Plus (+) or Minus (-) key to move forward or backwards. You can hold the key down and change dates quite quickly but I generally recommend this for a change of a few days. Changing by Weeks. You can go back to the first day of the week by using the letter W and forward to the last day of the week by using the letter K. Note: Recognizing that these are the first and last letters of the word WeeK gives you a clue as to how you can move forward or back within the week. Changing by Months. You can go back to the first day of the month by using the letter M and forward to the last day of the month by using the letter H. Note: Recognizing that these are the first and last letters of the word MontH gives you a clue as to how you can move forward or back within the month. Changing by Year. You can go back to the first day of the year by using the letter Y and forward to the end of the year at a time by using the letter R. Note: Recognizing that these are the first and last letters of the word YeaR gives you a clue as to how you can move forward or back within the year. Today. By now you will probably not be surprised to learn that you can return to today's date at any time by pressing the letter T.

Shortcut Two: Saving Transactions from Keyboard:
When working in a transaction and tabbing from field to field, you eventually get to the point where you want to save the transaction. If you do not wish to take your hands off the keyboard to move the mouse to the Save & New Button, try holding down the CTRL key while pressing the Enter key. This combination will execute whatever is highlighted, almost always the Save & New Button.

Shortcut Three: Calculations on the Fly:
How often have you worked in QuickBooks and needed to add up numbers? Windows and QuickBooks both have calculators that you can pull up, but you really don't need them. If you are in an amount field on a check or other transaction, just pressing the number keys followed by a mathematical symbol (+, -, /, *) you will pull up the calculator. You can continue to enter numbers and math functions until you are done. Note:Just remember to press the Enter key to enter the amount into the number field. If you press the tab key you will lose the amount.

Shortcut Four: Working with Check Numbers:
Many people don't realize you can enter something other than a check number in the check number field. I like to use the word Debit for all transactions that I do online. Then I put the online confirmation number in the memo field. This makes it easy to track the transactions and they show up grouped together on the bank statement reconciliation screen. Note: Just be sure to be consistent with the word and the spelling, including capitalization or they won't be grouped together.

Shortcut Five: Making the Icon Bar Work for You:
Last but not least, you can customize the icon bar at the top of the screen to hold the functions you use most often. Just right click on the icon bar and click on Customize.

A special thanks to Caren Schwartz, Advanced Certified QuickBooks ProAdvisor and founder of Time & Cents Consultants, LLC, in Southport Connecticut.

 

activities. Once you see where you are spending your time, you can identify and focus on the activities that provide the greatest returns for you personally and financially. Start your log by writing down what time you wake up, get ready, and begin work. Calculate how much time you spend on individual activities such as email, phone calls, and client work.

2. CALCULATE HOW MUCH YOUR TIME IS WORTH: Time is money. Knowing how much your time is actually worth can help you make better decisions as to whether you should perform a task or outsource it. For instance, if your time is worth $200 an hour, you are far better off paying someone $30 an hour to edit your newsletter. You can "bank" the other $170 per hour by spending your time on profit making activities. Also take the time to determine how much time a day you need to spend on billable activities to make your desired profit. I try to spend 1.5 hours a day on money making projects.

3. CREATE A DAILY SCHEDULE: Don't start your day without a to do list. Make a list of tasks and categorize them into business building activities, client activities, and personal items. Then break bigger unmanageable projects into smaller "doable" chunks so they less intimidating and are easier to accomplish.

4. PRIORITIZE: Have more to do than hours in the day? By prioritizing your tasks, you'll make sure that you are tackling the items that matter most. Create a system that works for you. One standard way of prioritizing is to mark items with A, B, and C. Ask yourself these key questions: What items MUST be done today? Which items can be rescheduled? What can be delegated? Which tasks most closely match my priorities and goals? Which items can be eliminated?

5. LEARN TO SAY NO: Are you adding one more item to your never-ending TO DO list? You are in control of your time. Be strong and uphold your personal boundaries. When you are well rested and treat yourself and your family to the time off you deserve, you'll feel happier and more productive when it's time to go back to work. Before you say yes, ask yourself these questions: Do you really have the time or energy to do that extra task? Do I like this customer? Are they good for me? Will it be profitable? Does it invade on your personal time? Does it involve doing something you enjoy? Does it fit in with your list of priorities and goals?

6. REMOVE DISTRACTIONS AND TIME SUCKS: Time sucks are lurking everywhere like viruses. Think about which activities are eating up your time. For me personally, these items include email, social calls, and telemarketers. I "conquer" the email demon by shutting down my Outlook when I am working. When a family member calls during work time, I politely ask if I can call them back during the afternoon and remind them of my work hours. Caller ID valiantly saves me from the "would be" telemarketer time thieves. With one glance, I can quickly differentiate telemarketers from important client calls.

7. STICK TO THE PLAN: Try not to get sidetracked from your plan. One of my friends has a motto, "A lack of planning on your part does not constitute an emergency for me". It's a smart one to live by. Unless it's a true emergency, or you are being paid "rush" time, you probably don't need to squeeze a last minute request in today. Also, by assigning yourself project deadlines, you can keep on top of projects and avoid those dreaded last minute emergencies.

8. CHOOSE AN INSPIRING PLACE AND TIME: We are all "built" differently. Do the tasks which take your most "brain power" when you are at your prime. Are you a morning person or do you work best burning the midnight oils? Create an ultimate work haven that is clean, distraction free, and inspiring.

9. BUNDLE LIKE TASKS TOGETHER: As you work through your daily list, try to chunk your tasks into like activities. By creating a separate "chunk" of time for answering email, invoicing, making return phone calls, you'll save time and mental energy.

10. AVOID INTERRUPTIONS: Trying to do the same thing over and over again with interruptions can be maddening. Once you start a task, try to finish it to the end. If something comes up that you need to remember or do, unless it's urgent, simply add it to your list and continue on with your current project.

11. BE ORGANIZED: When things are tidy, it saves you time and frees you to focus on the task at hand. Digging through a pile of papers and finding a squished Twinkie isn't very conducive to the work experience. Follow your own organizational style.

Thanks to Kristie Tamsevicius at Business Update, August 2006 Issue.

ON THE LIGHTER SIDE
 



 

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