How do I do Bookkeeping in QuickBooks?

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Bookkeeping in Quickbooks

The main objective of any accounting software program is to be able to provide you with accurate financial information (and reports on demand) to help you determine the health of your business. It helps you answer questions like - Are you making money or losing money? Who owes you money and are they paying you on time? How much cash is on hand to run your business or to pay your vendors?

In order to achieve this you need to set-up your company properly, since the key to success is setting-up your company properly so that your data entry process becomes smooth.

You will also save a lot of time at year end by just clicking a few buttons in QuickBooks to generate the data your CPA needs to do your company's taxes instead of you having to spend countless hours, days or weeks working through receipts and mountains of paperwork. Think of this, a minute or two worth of work vs. hours, days or weeks worth of work. Wouldn't you rather be doing something enjoyable with the extra time and money you will save instead?

What’s include in Our Bookkeeping in Quickbooks?

  • QuickBooks Setup
  • QuickBooks Cleanup
  • QuickBooks Bookkeeping
  • QuickBooks Migration

QuickBooks Setup

The first step before starting the book-keeping process is to set-up your company properly so that your data entry process happens hassle-free, error-free and accurate. The benefit of setting up your company by a professional has more advantages than being done by yourself or your bookkeeper.

We help you in determining the accounting method to be used, set-up of chart of accounts considering your nature of business and creating classes, lists etc. Most importantly entering your beginning balances.

We even do setting up of inventory, sales tax and payroll items. We can help you in creating customers, vendors and design templates for invoicing.

We also help you in determining the appropriate version in QuickBooks that suits your requirements.

QuickBooks Cleanup

Chart of accounts are not proper? Inventory tracking is out of control? Receivables and payables are not correct? Bank and credit card accounts are not reconciling? Financial reports off? Nothing seems to be working properly and you want to scream!

We not only set-up your company in QuickBooks, we will also help you in cleaning up your books, if your bookkeeper has messed it up.

When it comes to accounting, we have found that a lot of business owners underestimate the complexities of accounting and forget they have the option to bring in experts who can solve their problems in less time with less cost. Instead they go it alone and dig themselves deeper and deeper into a hole!

This is where we pitch in. We can review your chart of accounts for any problems and correct them. Help you get back on track with inventory. Get your Accounts Receivables and Payables Management in order. Reconcile your bank and credit card accounts. Help you produce accurate financial reports. Make sure everything works properly. Not only can we clean up your books.

We would correct all the mis-classifications, mis-postings etc. through a process of General Ledger Review and give you error-free books.

QuickBooks Bookkeeping

If you are already working on QuickBooks, we can help you in continuing the job and will also recommend any improvements in the process.

We provide the following bookkeeping services:

  • General Ledger Accounting
  • Accounts Receivable Management
  • Accounts Payable Processing
  • Fixed Asset Account
  • Bank & Credit Card Reconciliations
  • Financial Reporting etc.

Apart from the above we also provide you with reports which help you in taking management decisions, A/R and A/P ageing analysis, Cash Flow Statements etc.

QuickBooks Migration

QuickBooks is the most widespread accounting and bookkeeping software in United States today with a market share of almost 85%, so if you want to be one of them and presently using some other software, you need not repent. We can easily migrate from your present accounting software to QuickBooks easily according to your business requirements.

Not only from other accounting softwares to QuickBooks, we can also help you in migrating from one version of QuickBooks to another version, like pro to premier or premier to enterprise etc.

We help you in migrating easily without affecting your books, either on parallel run until you gain confidence or completely.

In addition to these reasons, we use trustworthy bookkeeping software to make sure that our clients get the best virtual bookkeeping services ever.

Kindly contact us today for more details and a specific quote.

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