Quickbooks Setup
While QuickBooks is user-friendly, it’s crucial to set it up correctly for accurate future data.
Setting up QuickBooks involves similar info as manual accounting records. It’s especially complex if you switch mid-year.
Decide on your accounting method, necessary accounts, and handling starting balances.
An expert can swiftly handle this setup, ensuring accuracy. Plus, they can train your team to use QuickBooks effectively.
What is the cost? Before we give you an exact price, we’d like to learn more about your business and accounting records.
We work with many small business owners, and our rates are made to fit their budgets.
Just like with any accounting software, setting up and learning QuickBooks takes time – time that could be spent running your business. Here’s what we offer as part of your QuickBooks setup:
- Assess your software and accounting requirements.
- Recommend the necessary software and hardware.
- Install the software and create the chart of accounts, payroll, accounts receivable, inventory, and accounts payable.
- Determine the starting date for your QuickBooks.
- Input your chart of accounts and balances from the starting date.
- Compile a list of the items you sell, including services, inventory, and sales taxes.
- Enter your outstanding accounts receivable and accounts payable from the starting date.
- Input your ending bank balances and outstanding checks and deposits.
- Generate a trial balance and compare it to your previous system.
- Input transactions since the starting date into QuickBooks.
- Provide training on using the software for accounting, management, and tax purposes.
- Additional training sessions to ensure the client’s understanding and progress.
- Regular reviews of QuickBooks data on a monthly, quarterly, or annual basis to aid in tax preparation and management reporting.
If you seek financial success, we're here to help!
Preparing taxes goes beyond filling out forms; it involves understanding our clients’ needs and planning for a secure future.