Using Multiple Merchant Services Accounts in QuickBooks
July 2017
Using Multiple Merchant Services Accounts in QuickBooks
In Partnership with the Colorado Bar Association Solo/Small Firm Section
Program Description
QuickBooks allows only one Merchant Services Account per QuickBooks company file. The legal profession needs to process and deposit credit card payments for retainers and invoice payments into separate bank accounts. This course will demonstrate a work around for this problem, how to process customer invoices with two accounts and how to create the appropriate reports in QuickBooks.
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Meet Your Presenters
Bruce Peterka has had an extensive career as a business owner and CFO consultant. His hands-on business experience, which includes a Fortune 100 company, encompasses finance, HR, logistics, IT, sales and marketing. As his focus shifted to outsourced CFO consulting, Bruce found that many small and midsized companies lacked adequate financial oversight and strategic planning. Thus, he developed a unique synergistic service model, which offers broad, multidiscipline CFO-level guidance coupled with in-depth application of advanced QuickBooks tools. "QuickBooks is incredibly powerful, with planning and tracking capabilities most people don't even know about. I became an expert in QuickBooks — spent more than six-thousand hours of time in the system — so I could provide my clients a custom financial system which rivals those used by larger companies."
Michael Wallace, CPA, served as CFO for Alternative Data Technology, Inc., which was acquired by Arrow Electronics in 2006 and merged into Arrow Electronics in 2009. He enabled revenue growth from $62 million to $840 million (revenue CAGR 33%) in technology distribution. He also built and managed six teams, including accounting, credit, HR, IT, warehousing, and purchasing. Prior to joining Alternative Data Technology, Michael was VP Finance of Cochlear Corporation from 1985 to 1998. Later as owner of his own consulting company, Michael lead strategic growth and profitability for micro, small and medium-sized businesses by providing temporary CFO services, strategy and business plan development, change management, business intelligence, quantitative analytics and SOAR Corporate Diagnostics.
Agenda
11:30am
Registration
12:00pm
- QuickBooks allows only one Merchant Services Account per QuickBooks company file
- The legal profession needs to process and deposit credit card payments for retainers and invoice payments into separate bank accounts
- This course will demonstrate a work around for this problem
- How to process customer invoices with two accounts; and
- How to create the appropriate reports in QuickBooks
1:00pm
Adjourn
Presented by Bruce Peterka and Michael Wallace, CPA, Peak Advisors, LLC, Centennial, CO
Location Information
CLECI Large Classroom
1900 Grant Street, Suite 300
Denver, CO 80203
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1900 Grant Street, Suite 300
Denver, CO 80203
Registration Fees
| Non Member | $59.00 |
| CBA Member | $39.00 |
| CBA Solo Small Firm Section Member | $29.00 |
| Family Law Section Member | $29.00 |
| New Lawyer Edge Partner | $19.50 |
| CLE ELITE Pass Holder | $0.00 |
- General Credits: 1.00
- Ethics Credits:
- EDI Credits:
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