Financial management
This presentation is the property of its rightful owner.
Sponsored Links
1 / 28

FINANCIAL MANAGEMENT PowerPoint PPT Presentation


  • 44 Views
  • Uploaded on
  • Presentation posted in: General

FINANCIAL MANAGEMENT. AUTOMATING FINANCE 24 AUGUST 2012 10:30 PRESENTED BY:Scott Watson Wing Financial Analyst [email protected] Intuit PaymentNetwork. Intuit PaymentNetwork Accounts are set up by a Wing Financial Analyst https://ipn.intuit.com/

Download Presentation

FINANCIAL MANAGEMENT

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Financial management

FINANCIAL MANAGEMENT

AUTOMATING FINANCE

24 AUGUST 2012

10:30

PRESENTED BY:Scott Watson

Wing Financial Analyst

[email protected]


Intuit paymentnetwork

Intuit PaymentNetwork

  • Intuit PaymentNetwork

    • Accounts are set up by a Wing Financial Analyst

    • https://ipn.intuit.com/

    • Created as an inexpensive way for small businesses to receive payments electronically

    • Provides payment links on QuickBooks Invoices


Intuit paymentnetwork1

Intuit PaymentNetwork

  • Receiving Payments

    • Bank to Bank Transfers

      • $0.50 per transaction to receive payments

    • Credit Cards

      • 3.25% of the transaction amount

    • E-commerce Buttons

    • Custom Web Payment Links


Intuit paymentnetwork2

Intuit PaymentNetwork

Bank Transfers to Wing

  • Initial limits on bank transfers received

    • $500.00 Daily Limit

    • $1000.00 Monthly Limit

  • Limits may be increased as needed

    • Next step: $2,500 Daily Limit

    • Next step: $5,000 Monthly Limit


Intuit paymentnetwork3

Intuit PaymentNetwork

  • Intuit PaymentNetwork Process

    • Wing creates and emails an invoice

    • Once received, members click a payment link on the emailed invoice


Intuit paymentnetwork4

Intuit PaymentNetwork

Automatically records payments in QuickBooks

  • Invoice recipients will then:

    • Confirm or re-enter amount

    • Enter email address

      • Address used for payment confirmation only

    • Enter personal banking information

  • Bank payments less than $5,000 are usually funded in 1-2 business days. Larger payments are usually funded within 3-5 business days


Intuit paymentnetwork5

Intuit PaymentNetwork

  • A member may choose:

    • To set up their own personal account with Intuit

      • Allows for fast payment of subsequent invoices

      • No personal financial data is kept by CAP

        • Bank Industry Data Encryption

        • Same company used for tax filings

        • 240,000 merchants use Intuit’s credit card processing services

        • Processes over 116 million transactions per year

    • Make a one-time payment


Intuit paymentnetwork6

Intuit PaymentNetwork

  • Accepting Credit Cards:

    • Must be turned on through the PaymentNetwork

    • Creates a “Payment Method” option

      • Credit Card

      • Bank Account


Intuit paymentnetwork7

Intuit PaymentNetwork

Transaction fees are 3.25% of the transaction amount

Funds are usually remitted to your bank within 3-5 business days


Intuit paymentnetwork8

Intuit PaymentNetwork

  • E-commerce Buttons

    • Create multiple buttons

    • Single button / Multiple amounts

  • On the Intuit PaymentNetwork

    • Choose a color and tagline

    • The PaymentNetwork generates the HTML code that you copy to your website

  • Customizable

    • Use your wing logo and create your own tagline


Intuit paymentnetwork9

Intuit PaymentNetwork

  • Custom Pay Link

    • Wing website

    • Wing Facebook page

    • Email Message

      • WingConference2012

        • https://ipn.intuit.com/pay/XXWingConference2012

  • Customizable

    • Use your wing logo and create your own tagline


Intuit paymentnetwork10

Intuit PaymentNetwork

  • Create Quick Response Codes (QR Codes) to enable payment from mobile devices


Intuit paymentnetwork11

Intuit PaymentNetwork

  • Buttons and Links

    • Requires:

      • Amount

      • Email address

      • Banking Information

        • Personal account

        • One-time payment


Intuit paymentnetwork12

Intuit PaymentNetwork

  • Optional:

    • Bank Account Holder Information:

    • Personal Comment


Intuit paymentnetwork13

Intuit PaymentNetwork

  • Requesting Payment from the Network website

    • Sent through email

      • Create contacts in your PaymentNetwork Address Book

    • Deposit into any account

    • Enter amount

    • Customizable Subject or Message

    • Set as recurring


Intuit paymentnetwork14

Intuit PaymentNetwork

Weekly

Monthly

Every two weeks

Discount for using the PaymentNetwork


Intuit paymentnetwork15

Intuit PaymentNetwork

  • Multiple Checking Accounts

    • Invoices Originated from QuickBooks

    • E-commerce Buttons

    • Pay Links

      • Funds are deposited into the account established as the “Primary” account at the time the paymentis made

    • Payment Requests from the PaymentNetwork

      • Funds are deposited into the account established as the “Primary” account at the time the request is made


Intuit paymentnetwork16

Intuit PaymentNetwork

  • History and Status

    • View Recent/All Activity

    • View Payments

    • View Requests

    • Track Status


Intuit paymentnetwork17

Intuit PaymentNetwork

  • Download Payments - “Payments” Only


Intuit paymentnetwork18

Intuit PaymentNetwork


Financial management

.

  • SmartVault

    • Provides online secure storage for financial documents that are accessible remotely through a website

    • PowerPoint available on Capmembers.com website

    • Ipad App

      • Browse, Search, View and Upload Documents


Financial management

.

  • Secure web-based solution to sign and store documents

    • Iphone App

      • Allow on-the-go approval


Wing pilot finance report

Wing Pilot Finance Report

A Mission

B Mission

C Missions

Wings

Regions

Hours

Fuel

Run reports for one day or up to one year

  • Location

    • WMIRS

      • Reports Section > “Wing Pilot Finance Report”


Wing pilot finance report1

Wing Pilot Finance Report


Wing pilot finance report2

Wing Pilot Finance Report

Bill Members for proficiency fuel charges placed on Wing AVcards


Wing pilot finance report3

Wing Pilot Finance Report

Rates increased by $2.00

  • Convert to .csv (Excel)

    • Change rates

    • Add formula: “Sortie Hrs Flown” * “AC Rate”

    • Calculate new totals


Wing pilot finance report quickbooks

Wing Pilot Finance Report & QuickBooks

  • Run your “Wing Pilot Finance Report”

    • Hours

    • Fuel

  • Convert reports to Excel to change rates if need

  • Bill for member flying time and fuel

    • Weekly or bi-weekly

      • Reconcile monthly

  • Unpaid bills are recorded in Accounts Receivable


Automating finance

AUTOMATING FINANCE

Questions?

Scott Watson

Wing Financial Analyst

[email protected]


  • Login