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Donations, Groupon and refunds in QuickBooks

While our QuickBooks accountants were answering QuickBooks related questions on Yahoo Answers asked by small business accountants, they came across a few interesting ones regarding how to book income coming from Groupon and donations (the last for a nonprofit organization) or giving customers a refund. We thought to put the answers and questions together in case you find yourselves needing to book similar transactions in your QB accounting business software.

Q1: Customer refund in QuickBooks?
I make a customer receipt for every payment the customer makes. At the end of the day, I go to “record deposits” tab and check every payment; this will make my deposit amount. Sometimes I have to give a cash refund to the customer for the service they have already used and those money was already deposited before. When I make a refund in QuickBooks it does not reduce my deposit amount in the deposit screen. How do I reduce the amount of money in the “record deposit screen”?

A: If you use the “Use Credit To” functionality of a credit memo, it will only allow you to record the refund directly against your bank account, instead of grouping it with other Undeposited Funds. The simplest method to do this would be to create a Journal Entry instead of using the Credit Memo/Refund transaction. You would debit the Income account and credit Undeposited Funds for the amount of the refund. This will then show in the Payments to deposit window as a negative amount. Keep in mind that QuickBooks will not let you make a negative ‘deposit’, however, so you will need to have more to deposit than refund for the day.

Q2: How do you book income Groupon in QuickBooks?
I am a bookkeeper and I have a new client that is using Groupon to promote his business.
Two Questions:
1) I want to book the income as Unearned Revenue and as service is used book that amount as sales. Is that the correct way anyone else is handling Groupon Revenue?
2) What if the Groupon is not redeemed, the amount I assume stays in Unearned Revenue, but what if they customer never shows or uses the Groupon?

A: I would recommend treating the Groupon similar to a gift certificate. You can create another charge item and link it to a liability account. If the customer never redeems the Groupon, then you would move the amount from the liability to income. Keep in mind that you would have to reverse this transaction if the customer ever did show up.

Q3: Can you use Intuit QuickBook as a donation method?
I work at a non-profit charter school. We use QuickBooks for employee paychecks and use QuickBooks for an after school program for requesting payment. The payment is through QuickBooks. The parents get an invoice and they pay that payment through a billpay.quickbooks.com link.
We want to set up a similar method for people want to do donations. Can we do this? So instead of payments, it would be a donation account? A separate account where this money goes?

A: QuickBooks can track donations to a separate account, but you would first have to create an invoice for the amount in order for it to show up on billpay.quickbooks.com.
There is a preference you can turn on that will let you select which account a payment is going to be going to (by default, it’s Undeposited Funds). You can specify a separate bank account for any donation payments received.

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Herbal Cure For Poor Memory To Improve Brain Power In Adults

BrainOBrain capsule is the best herbal cure for poor memory and to improve brain power, so the health experts recommend them to people who are suffering from severe problem of memory loss. Poor or slow memory is one of the important signs of reduced brain power. In this situation, cells of brain become less active because of which loss of memory appears. Additionally, brain cells going through malnutrition are also greatly responsible for the problem. Memory improving drinks can be helpful for kids but they are not appropriate for adults and this is why you should start using BrainOBrain herbal cure for poor memory.

Some people believe that only maintaining healthy diet is the solution for this problem but it is not the truth and something more than this is required in daily life for getting enhanced memory power. Today, adults who are busy in their routine life mostly suffer from various types of mental issues. These mental problems are the important causes which can reduce the power of brain. Stressful life is something which cannot be avoided by anyone but the damages caused because of additional stress can be surely prevented by taking BrainOBrain capsules. It may not be possible for everyone to make time for healthy eating always and this is why you can choose these supplements as your solution.

These herbal supplements to improve memory power are just great and you just have to take them regularly without missing. Your memory power will get improved slowly and after sometime, you will start noticing actual improvements. These herbal pills are natural in their nature and the ingredients used in their preparation easily blend along with the bloodstream and this is how you can enjoy the quick results. Smoking and consuming alcohol can be pretty dangerous since they harm your brain directly and so you should avoid them as much as possible.

The herbal ingredients included in BrainOBrain capsules are beneficial to improve brain power and you may not feel like smoking anymore. Functions of your brain can also be controlled effectively because of which you can remember things. Low memories can be recovered by taking these pills every day and this fact has been appreciated by many researchers. Important herbs that are processed in making these herbal supplements are swarna bhasma, chandi bhasm, shatavari, brahmi and salabmisri.

Apart from all the above mentioned benefits your day to day activities can also be appropriately performed by taking these herbal pills on daily basis and this is actually pretty helpful. Cells of brain can be nourished properly can also get plenty of oxygen by taking these supplements because of which cells become more sharp and active. BrainOBrain herbal supplements are not just amazing but there are proper scientific reasons behind the working mechanism of these pills. You can also get a strong immunity power by these supplements, they help to resist the attacks from various diseases which can affect the general health and brain functioning directly or indirectly.

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Advanced Persistent Threat Work Against Cyber Terrorism

The Advanced Persistent Threat (APT) protection is one of the fastest-growing cybersecurity solutions. As digitalization brings a lot many threats along with it. This has resulted in the continuous emergence of data breaches and cyber terrorism affecting numerous sectors.

That is why it has become very important to get protected from the Advanced Persistent Threat. These protection solutions are largely used in financial and government institutions. The threat landscape is quickly evolving. And along with the APT protecting gaining a strong grip in the cyber world.

What do we understand by Advanced Persistent Threat?
We will try to understand Advanced Persistent Threat in a very simple way. The APT is a broader term that describes an attack by intruders who mines sensitive data from your network. They have a long-term presence in the network to slowly retrieve your data. These intruders mainly target government and large enterprises network.

What is the difference between APT attack and web application threats?
Advanced Persistent Threat is different from other web application threat. APT is a very intricate plan for attacking your network. They take more targeted moves. Basically, they are not dependent on hit and run attacks as most of the hacking is. Once an APT attack happens to your network, it will infiltrate most of the information.

They are not automated and are manually operated. APT attackers work in three steps that are infiltration, expansion, and extraction. The designers of the APT monitor their actions by altering its code to avoid detection.

Advanced Persistent Threat (APT) Protection: all what you should know
Not to get confused with the Advanced Persistent Threat we talked above, APT protection is a type of security solution. In order to get protected from Advanced Persistent Threat, many solutions have been developed. One of them is an Advanced Persistent Threat (APT) Protection. These systems help to secure the network and shield the records from getting misused. The APT protection system is used worldwide.

Offerings that are given by the APT protection system Solutions
The solutions that are being offered by APT protection actually collects security data from servers and network devices. Then examines the data stored to discover trends, detects threats. Thus it helps the organization to investigate any alerts.

Services
The services offered by the APT protection system ensure holistic 360-degree protection. It helps the corporations to resist APTs, and identify signs at early periods. These services monitor both real-time events and past data to gain visibility into security.

Different types of solutions available for Advanced Persistent Threat.
Advanced Persistent Threat protection provides various types of solutions. Some of them are sandboxing, endpoint protection, Next-Generation Firewall, Forensic Analysis, and many more.

Endpoint Protection
Endpoint protection is also called endpoint security. It is a system of protecting the network of your computer. It is especially important for those networks that are distantly bridged to the client devices. It ensures a definite standard of compliance to be followed by any device.

Next-Generation Firewall (NGFW)
Next-Generation Firewall is a third-generation protection solution. It is very beneficial in monitoring the traffic of the network. It involves deep pocket inspection in order to have proper control over the application of any network. The firewall has far-reaching control of applications.

Sandboxing
Sandboxing is a software management system. It gives extra security to the system. Therefore, sandboxing prevents suspicious applications and malware that can have a negative effect on the system. It is also helpful in testing unverified programs.

Forensic Analysis
Forensic analysis also helps in improving cybersecurity. Thus it is used in Advanced Persistent Threat (APT) Protection. Forensic data are widely used to identify the IP addresses of cyber attackers. Thus the suspicious IP address can be blacklisted accordingly. This eliminates the chances of future attacks by hackers.

What could be the consequences of these types of threats?
The motive of APT is to gain sensitive information illegally.
It is difficult to detect because they don’t clearly appear to be malware.
Sensitive information of any organization will be compromised.
Trade secrets can be revealed.
Who mainly use the Advanced Persistent Threat (APT) Protection?
The Advanced Persistent Threat (APT) Protection is used in Banking, Financial Services, and Insurance (BFSI). There is an increased demand to secure sensitive data in this sector. Government and defense, IT, healthcare are some of the common sectors that depend on Advanced Persistent Threat (APT) Protection to secure their sensitive data.

The bottom line
The Advanced Persistent Threat (APT) Protection Market has been witnessing rapid growth due to increasing security breaches and cyberattacks. If you are worried about sensitive data, you must be aware of APT. APTs are one of the very prolonged cyberattacks with the intention of stealing some confidential. That is why protection from these Advanced Persistent Threat has become a matter of concern.

There are a variety of solutions and services that are being offered by APT protection. Some of the examples include sandboxing, endpoint protection, Next-Generation Firewall, and Forensic Analysis.it is widely used by BFSI, government organizations, and many other small and large enterprises.

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