QuickBooks setup

While QuickBooks is designed to be user-friendly, the initial setup and installation are critical for ensuring the accuracy of future financial information.

Transitioning from manual accounting operations to QuickBooks, especially midway through the year, can be particularly challenging. Key decisions such as choosing the appropriate accounting method, determining the chart of accounts tailored to your business, and handling beginning balances need to be addressed meticulously.

An expert can streamline this process by providing prompt answers to these questions and efficiently completing the initial setup and installation. Additionally, we offer add-on services such as QuickBooks Coaching to empower your accounting employees, enhancing their performance and the accuracy of your company's financial data.

As for costs, we prefer to understand more about your business and current accounting records before providing an exact quote. Our rates are designed to be accessible to small business owners, and we strive to accommodate our clients' budgets. Fill out our Online Business Questionnaire to schedule a FREE CONSULTATION with a tax professional, allowing us to determine if our firm aligns with your business needs.

Setting up QuickBooks requires time and attention, which can detract from managing your business operations. Here's a brief overview of the services we offer during the QuickBooks setup process:

• Software installation and configuration, including designing and setting up the chart of accounts and other essential components such as payroll, accounts receivable, inventory, and accounts payable.
• Determination of your QuickBooks starting date to ensure accurate financial tracking.
• Loading your chart of accounts and inputting balances as of the starting date.
• Compiling a list of items sold to customers, including services, inventory parts, non-inventory parts, other charges, and sales taxes.
• Inputting details of outstanding accounts receivable and accounts payable as of the starting date.
• Entering ending statement bank balances and reconciling outstanding checks and deposits in transit as of the starting date.
• Generating a trial balance as of the starting date and comparing it with the trial balance from your previous system.

We also offer the following add-on services:

• QuickBooks Coaching with a certified QuickBooks ProAdvisor to address your questions using your company's QuickBooks file.
• Monthly, quarterly, or annual review of client QuickBooks data to facilitate tax preparation and management reports.