Choosing QuickBooks Online for Bookkeeping

Thinking about transitioning to a paperless accounting system? QuickBooks offers an accessible and cost-effective solution, enhancing your business efficiency. Available in both desktop and cloud-based versions, it streamlines transaction tracking, custom reporting, and facilitates cash flow management. By adopting QuickBooks, you'll reclaim valuable time to focus on your core business operations. No more sifting through paperwork; the search function enables swift access to essential information, even from mobile devices or remote locations with cloud-based access.

We recognize that committing to a new accounting system can be a significant decision. Rest assured, we're here to support you every step of the way. Our services encompass setup and customization tailored to your business, including seamless integration with third-party invoicing or bill pay tools. We provide personalized training for you and your team, either at your location or ours. Additionally, we offer thorough QuickBooks reviews, processing transactions, reconciling accounts, and generating necessary reports. For ongoing efficiency, we offer periodic tune-ups, ensuring your QuickBooks system remains optimized and organized. Experience a streamlined financial workflow, reduced paperwork, and significant time and cost savings with QuickBooks.

Why Quickbooks Online?

QuickBooks is the go-to accounting software for small to mid-sized businesses. Here are 10 compelling reasons why you should consider using QuickBooks:

1. Streamlined Operations: Automates many bookkeeping tasks, saving you time and making business management easier.
2. Insightful Reports: Easily generates reports to provide a clear view of your business's financial health and performance.
3. Affordability: QuickBooks offers powerful functionality at a remarkably affordable price, making it a cost-effective choice for businesses of varying sizes.
4. Business Planning: Helps in creating business plans for securing loans or planning for future growth, including projected balance sheets and cash flow statements as recommended by the U.S. Small Business Administration.
5. Customization: Highly adaptable to a wide range of small business types, with tailored accounting packages available for various industries.
6. Proven Reliability: Chosen by hundreds of thousands of businesses globally, attesting to its stability and dependability.
7. Seamless Integration: Easily shares data with over 100 business applications, including popular software like Microsoft Excel, Word, Outlook.
8. Expedited Payments: QuickBooks Online Billing enables fast customer payments through credit card or bank transfers, eliminating the wait for mailed checks.
9. Convenient Credit Card Processing: QuickBooks Merchant Account Service seamlessly integrates with the software, allowing hassle-free credit card payments without redundant data entry or additional hardware.
10. Efficient Banking and Bill Handling: Enables online bill payment and banking, eliminating manual tasks like check writing and mailing, and facilitating easy reconciliation with downloadable statements from participating banks.

Setting Up Quickbooks Online

Setting up QuickBooks correctly is crucial for accurate future information. This process parallels manual accounting record setup, which can be especially complex if transitioning mid-year.

Key considerations include choosing the accounting method, establishing the chart of accounts, and addressing beginning balances. An expert can streamline this setup and installation, ensuring a seamless transition. Additionally, our team provides comprehensive training to optimize your accounting staff's performance.

As for costs, we tailor quotes based on your specific business and accounting needs, always mindful of fitting within your budget. It's important to note that both installation and training require time, time that could be better spent managing your business.

During the setup, we conduct a thorough evaluation of your software and accounting requirements, recommend necessary software and hardware, and handle the complete installation process. This encompasses chart of accounts configuration, including payroll, accounts receivable, inventory, and accounts payable. We also determine your QuickBooks starting date and load your account balances from that point.

Furthermore, we assist in compiling a comprehensive list of items sold, covering services, inventory parts, non-inventory parts, additional charges, and sales taxes. We input outstanding accounts receivable and accounts payable details, as well as reconcile bank balances and outstanding checks and deposits.

To ensure accuracy, we print a trial balance for comparison with your previous system. We then transfer transactions since your starting date into QuickBooks. Finally, we offer in-depth training to meet your accounting, management, and tax needs.

Our ongoing services include follow-up training sessions and regular reviews of your QuickBooks data, aiding in tax preparation and management reporting.