To get the business going successfully, a good management system should be established before anything else to support all the other business activities, including sales.
We have been working with various business and accounting software for last 25 years and concluded that QuickBooks is the best solution for most businesses. It is designed to be very user friendly. Anyone can understand how the system works and be able to use it after a short period of training. Since the initial setup and installation must be done correctly in order for future information to be accurate, our firm will help with initial set up and training.
Here’s a short list of the services we provide during your QuickBooks setup:
- Drawing up flow-chart for all work process
- Setting up the accounting structure and chart of accounts based on the flow chart
- Loading your chart of account and balances as of that starting date
- Identifying a list of the sales and purchase items
- Entering your outstanding sales invoices and unpaid bills as accounts receivable and accounts payable details as of your starting date
- Entering your ending statement bank balances and outstanding checks & deposits in transit as of your starting date
- Printing a trial balance as of your starting date and comparing it to your trial balance from your old system
- Entering your transactions since your starting dates into QuickBooks
- Training client or client staff in use of software to meet their accounting, management and tax needs.
Ongoing Services:
- Follow up training to ensure the client is “on the right track”.
- Monthly, quarterly or annual review of client QuickBooks data to assist in tax preparation and management reports.