Outsource Accounting

• 1: Home
• 2: About us
• 3: Outsource Accounting
  • 3.1: Accounting and Bookkeeping Services
  • 3.2: Payroll Processing Services
    • 3.2.1: Employee or independent contractor?
  • 3.3: Cash Management Services
    • 3.3.2: Accounts Payable Services
      • 3.3.2.1: Accounts Payable Process
    • 3.3.4: Accounts Receivable Services
  • 3.4: Financial Analysis Services
  • 3.4: Financial Reporting Services
  • 3.5: Tax Preparation Services
  • 3.6: Practice Management
• 4: Benefits of Outsourcing
  • 4.1: Payroll Outsourcing
• 5: Team
• 6: Articles
  • 6.1: Advance Accounting Services
  • 6.2: Outsourcing Tax Return Preparation
  • 6.3: Vertical Business Growth
  • 6.4: Best Process to Outsources is Accounting
  • 6.5: Accounting Outsourcing Services
• 7: Accounting Software
  • 7.1: QuickBooks Setup
  • 7.2: QuickBooks Training
    • 7.2.1: QuickBooks Short Cuts By Class
    • 7.2.2: Complete QuickBooks Shortcuts by Entry
• 8: Bookkeeping Concepts
  • 8.1: How to Handle Company Car - Sole Proprietor Ship
  • 8.2: How and Where to use a Suspense Account

QuickBooks Setup

Although QuickBooks is very simple even a layman can understand, the initial setup but installation must be done correctly to ensure financial reports generated from software to be accurate.

What information is needed?

1.      All information necessary to setup manual accounting records.

2.      Which accounting method will you use?

3.      What chart of accounts do you need for your business?

4.      How do you handle beginning balances?

This task is even more complicated if you switch to QuickBooks in the middle of the year.

An expert can easily answer all of these questions and complete the initial Setup and Installation in a timely manner. In addition, your accounting employees receive training on the accounting software to enhance their performance.

How do we proceed?
We first we will understand your business and management of your accounting records and what reports you need from QuickBooks.

Here are few steps in the process of your QuickBooks setup:

• Study and evaluate your business accounting needs.
• Recommend software and hardware requirements.
• Install software, design and set up chart of accounts and entire accounting package including payroll, accounts receivable, inventory, accounts payable, etc.
• Determination of your QuickBooks starting date
• Creating list of Inventory items - as per business needs.
• Preparation of a list of the items that you sell to your customers. This list includes services, inventory parts, non-inventory parts, other charges and sales taxes
• Entering your outstanding 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
• Train client or client staff in use of software to meet their accounting, management and tax needs.

Rest assured that our rates are designed to fit the budgets of our clients.

Continuous Support:

• 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

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