Tuesday, September 27, 2011

Trauma Healing in Africa - Through Vickie's Eyes

As some may know, I grew up in Burundi, Africa - a small landlocked country about the size of Maryland in the heart of Africa - just south of Rwanda, east of Congo, and north & west of Tanzania. This small, mountainous country of 9 million people has been ravaged by war and tribal conflict since the early part of the 20th century, the most recent of which was a civil war lasting from 1993 through 2005. In 2002, David Niyonzima, a Burundian childhood friend of mine, started a counseling ministry, "Trauma Healing & Reconciliation Services" ("THARS" - see www.THARS.org), to help the country heal from the many decades of fear and trauma and to provide peace and conflict transformation initiatives.

As it turns out, I am on the Board of a DE non-profit organization (Development & Research Innovations, Inc. or "DRI" - see www.D-R-I.org) dedicated to developing and providing community-based programs and services for under-served people in partnership with local organizations. After reconnecting with David in 2008, we began researching and planning how we could come alongside what THARS was doing locally in Burundi and fill in any gaps in training, supplies, therapeutic resources, etc. that we could. Hence the dream was born! It became a reality on June 9 - 26, 2011 as a team of 5 (3 clinical psychologists, 1 teacher/social worker and myself) made the adventurous trip to Burundi. We left the U.S. on June 9th and, after recovering from missed flights (due to bad weather) and jet lag, we spent 5 days of intense training with 19 Burundian counselors in Gitega, Burundi.  We played with the community children, the poorest of the poor, and saw their eyes light up as we pulled out the frisbees and soccer balls. We heard many difficult stories and marveled at the strength of the people telling them. We met former rebel soldiers, victims of nameless torture, wrongly imprisoned individuals who served long terms for crimes they did not commit, women who were ostracized from their communities because of crimes committed against them. Yet these were the very people we saw form self-help groups, meeting together to pool their meager resources, working together to raise goats or make soap and baskets, form support groups to share their stories, pray and find healing together.  We greatly enjoyed the interaction with these beautiful people and are amazed by the impact they are already having on their communities and country.

The following week, we travelled from Burundi to Kigali, Rwanda, to consult with the Friends Peace House  as they sought to launch a similar counseling program. You may recall that Rwanda experienced a horrific genocide, which erupted in 1994. There is still much healing needed in that country as the wounds are deep and raw, even 17 years later. Visiting some of the memorials was difficult - they are not preserved as sterile, impersonal sites but rather reflect the raw humanity of the people that died there en masse. We were honored to contribute even in such a small way to the peace-building and healing efforts underway in Rwanda.
It was a whirlwind trip with so much packed into the 14 days we were there. We have received enthusiastic invites from the organizations in both countries to return and bring additional training, resources, expertise and encouragement. We hope to do just that!





Monday, September 26, 2011

QuickBooks Tip #19 - Memorizing Statement Charges

If you use the Statement Charge feature in Quickbooks, you can memorize these charges for your customers so that they show up automatically on the customer statements going forward.

If you enter statement charges automatically, you can add new customers to the memorized transaction group that you originally set up to enter the statement charges.

  • For each new customer, enter the statement charges that you want QuickBooks to enter automatically.
  • Memorize the statement charges, and add them to the memorized transaction group.
    • In the A/R or customer register, select the statement charge.
    • Go to the Edit menu and click Memorize Stmt Charge.
    • Click With Transactions in Group.
    • Click the Group Name drop-down list and choose the memorized transaction group you want to add the customer to.
    • Click OK.
  • When you have memorized all the new statement charges, delete them from the register.
    • In the A/R or customer register, select the statement charge.
    • Go to the Edit menu and click Delete Stmt Charge.
    • Click OK to confirm that you want to delete the statement charge.

Why delete the charges? When you use the memorized transaction group, QuickBooks re-enters the charges. If you leave the original charges in the register, the next time you print billing statements, the charges will appear twice.

For more QuickBooks Tips, explore http://bit.ly/TipSeries. If you have any questions about this tip or any other tips, please email Marketing@CoverRossiter.com or call 302-656-6632. Visit our website at www.CoverRossiter.com/ for more information about our firm and its services.

Monday, September 19, 2011

QuickBooks Tip #18 - Gross Payroll

Here’s how to break gross payroll out between regular and bonus pay for worker’s compensation purposes:

In order to do this, you will need “After-the-Fact Payroll”, which is only available in QuickBooks version 2007 and higher. While you will not be able to break out "Gross Wages" into separate columns on the main entry form, there is another way to separate out these values. If you click on the View/ Edit Detail button at the bottom of the form, you will be able to separate it out on the actual check (See below).




For more QuickBooks Tips, explore http://bit.ly/TipSeries. If you have any questions about this tip or any other tips, please email Marketing@CoverRossiter.com or call 302-656-6632. Visit our website at www.CoverRossiter.com/ for more information about our firm and its services.

Monday, September 12, 2011

QuickBooks Tip #17 - Reduce a Cumbersome General Ledger

QuickBooks Tip #17

If your detail general ledger report is too large and cumbersome, you can minimize the detail in your report by doing the following:

Run the detail general ledger report:

  • Modify the Report
  • Click on the Filters Tab
  • Under Filters, scroll down to Detail level
  • Click the radio button for Summary Only
  • Click OK
For more QuickBooks Tips, explore http://bit.ly/TipSeries. If you have any questions about this tip or any other tips, please email Marketing@CoverRossiter.com or call 302-656-6632. Visit our website at www.CoverRossiter.com/ for more information about our firm and its services.

Friday, September 9, 2011

Roth IRA - Recharacteriziation

The recent drop in the stock market indices is a timely reminder to anyone who converted a retirement plan to a Roth IRA in 2010 – you have until October 15, 2011 to undo SOME or ALL of this conversion.

This process is called “recharacterizing” your conversion and it allows you to simply erase the conversion, as if it never occurred.*  If you elected to pay the tax on a 2010 conversion in 2011 and 2012, those taxes will no longer be due.  If you paid the taxes on the conversion in 2010, you can amend your return and obtain a refund.   The following points summarize the process:
  • Step One – decide if you want to recharacterize by comparing the current value of your Roth IRA to its value on the date of conversion.  If the investment loss is small, it may not be worth going through the process.  For example, if you converted a traditional IRA worth $10,000 to a Roth and after the conversion the value of your Roth fell to $8,000, your tax savings would be $500 if you are in the 25% tax bracket, plus any state and local taxes.
  • Step Two -  notify your Roth custodian that you intend to recharacterize and obtain the paperwork you must complete to undo the conversion.  The recharacterization must be done by “IRA-to-IRA transfer” – if you take the money yourself, you will have a distribution.  THE NOTIFICATION AND THE TRANSFER MUST TAKE PLACE BY OCTOBER 17, 2011 FOR ALL 2010 CONVERSIONS.
  • Step Three – file an amended 2010 federal and, if necessary, state return by the filing deadline (three years after the original return was filed).
  • Step Four – consider re-converting to a Roth – after an IRS-imposed waiting period (30 days after recharacterization or one year after the initial conversion, whichever is later), you are free to convert again.  You will convert a lower amount and thus pay less taxes.

*This option is NOT available if you made an in-plan conversion, which is irrevocable.  An example is a conversion of all or a portion of your traditional 401(k) plan to a Roth 401(k) plan.

Call or email Diane Burke at 302.656.6632 or DBurke@CoverRossiter.com for more information and/
or assistance in the recharacterization process.

Tuesday, September 6, 2011

QuickBooks Tip #16 - Optimize Your Morning Routine

If the first thing you do when you turn on your computer every morning is launch Outlook, why not launch it automatically?

Have Outlook start when you launch your computer.

Add an Outlook shortcut to the Startup folder.
First, create a shortcut to Outlook on your desktop, if you don't already have one.
To do so, choose All Programs > Microsoft Office from the Windows Start menu. Then, right-click on Microsoft Outlook and choose Create Shortcut. Drag the newly created shortcut to your desktop.
Next, move the shortcut to your Startup folder.
Using Windows Explorer, navigate to the following folder:
     \Documents and Settings\All Users\Start Menu\Programs\Startup

Drag the Outlook shortcut from your desktop to this folder.

The next time you start up your computer, Outlook automatically launches.

For more QuickBooks Tips, explore http://bit.ly/TipSeries. If you have any questions about this tip or any other tips, please email Marketing@CoverRossiter.com or call 302-656-6632. Visit our website at www.CoverRossiter.com/ for more information about our firm and its services.