Quickbooks Setup
Whether you are migrating to Quickbooks or starting off your business fresh, we can set up your books for success so that you or a qualified bookkeeper can manage them properly.
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We use a nine point setup list to get you started off on solid footing so you can hit the ground running.
1
Setting Up Your Subscription
Setting up your Quickbooks subscription through our firm can offer you up to a 30% discount from the retail cost. We can help you pick the right subscription AND get you a discount on the regular price.
2
Get Settings Dialed In
We'll get your company settings dialed in to your specific needs for invoicing, sending receipts, late fees, etc.
3
Customizing The Chart of Accounts
The chart of accounts is the backbone of your whole setup. Out of the box, Quickbooks comes with a standard chart of accounts, but each business is unique and requires more detailed accounts setup to enable business owners to know what products and/or services are the most profitable when reviewing their Profit & Loss Statement.
4
Adding Products & Services
When setting up your products and services, categorization feeds into your chart of accounts and then your reports. We will take that setup off your plate and get your products and services entered with correct categories in order to track income properly and yield accurate reports.
5
Adding Vendors
Setting up your vendors list can keep your expenses accurately tracked. When your bank is connected and bank feed is imported, these expenses will be matched properly allowing effortless categorization.
6
Connecting Bank & Credit Card Accounts
This is where a lot of the magic happens. By connecting your bank accounts, you can automatically import your bank feed and expenses as well as income get matched and categorized in your books.
7
Additional Customizations
Updating and addressing any additional customizations to tailor to your specific business needs.
8
Setup Sales Tax
If you charge sales tax, we can get those accounts setup in your books and get tax setup on invoices and sales receipts.
9
Setup Payroll
If you have employees or contractors, we can get your payroll setup and contracted workers tracked for end of year 1099's or W2's.