Keeping accurate books and records is the most important yet most overlooked aspect of owning and running a successful business. Unnecessary expenses and missed income opportunities can be minimized with a properly setup and functioning accounting system.
From writing checks to making deposits, Quickbooks can be integrated with banks to ensure seamless transactions and even print checks right from the system.
Tracking inventory, costs, pricing and setting reorder points is another often overlooked opportunity. With QuickBooks Inventory Management System, inventory can even be tracked in multiple units. Issue purchase orders, accept delivery and pay vendors as easy as 1, 2, 3.
Recording sales has never been easier. Business owners can decide between entering daily or weekly total sales or per transaction. Businesses can issue estimates, sales orders, invoices or sales receipts.
We can manage payroll right from Quickbooks, even printing the paychecks with the paystubs right from the system as well as withhold payroll liabilities.
Print out customized financial statements such as balance sheets, income statements, statements of cash flow for internal use or to present to lenders and investors.
As with any accounting software program, installation and training take time - time taken away from managing your business. Here's a short list of the services we provide during your QuickBooks setup:
Evaluate your accounting needs and determine your QuickBooks starting date.
Install software, design and set up chart of accounts and entire accounting package including payroll, accounts receivable, inventory, accounts payable, etc.
Load your chart of account with opening balances as of the starting date.
Preparation of a list of the goods and services that you sell to your customers. This list includes services, inventory parts, non-inventory parts, other charges and sales taxes.
Enter your accounts receivable and accounts payable details as of your starting date.
Enter your ending statement bank balances and outstanding checks and deposits in transit as of your starting date.
Print a trial balance as of your starting date.
Enter your transactions since your starting date into QuickBooks
Train client or client staff in software to meet accounting, management and tax needs.
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.
Although QuickBooks is designed for the layman to understand, the initial setup and installation must be done right in order for future information to be accurate. Business owners can easily become lost and frustrated with QuickBooks especially if the setup is not done correctly. If implementing QuickBooks in the middle of the year, it can quickly become a nightmare.
Brooklyn Tax & Accounting can answer all of your questions and complete the initial setup and installation in a timely manner. In addition to the setup, we can maintain your books and records
going forward or we can train you and your staff on the accounting software to ensure ongoing accuracy and ease.
How much does it cost? We first want to find out a little more about your business and your accounting records before we quote you an exact price. Will we be maintaining your books or will you be taking care of that? Rest assured that we work with many small business owners and our rates are designed to fit the budgets of our clients.
Many accountants just enter transactions from bank statements but charge as if they are providing full accounting services. With Brooklyn Tax & Accounting you only pay for what you are actually getting. As you can see from the services listed above, there are many options and addons available. Don't pay for what you don't need, but receive what you are paying for.