The first step of the setup process is to choose the most suitable Quickbooks configuration. There are several versions of the program which differ in capacity and respectively in the cost. Using our experience, we will help you to choose the version most suitable for your business needs and, if necessary, will select and install modules that extend the capabilities of the main program.

If set up correctly Quickbooks substantially simplifies keeping daily financial records and provides the business owners with all necessary financial and tax related information. However, Quickbooks cannot be operated properly without sufficient understanding of its features and functionality. For proper tracking of accounting information it is very important to complete the installation and initial setup correctly.  This might become a challenging task however. Many steps in the setup process offer multiple options to choose from and there are many potential mistakes to avoid.

When setting up Quickbooks we will combine our CPA and Certified Quickbooks Proadvisor experience. As CPAs we make sure that the format of your accounts provides all financial and tax related information. We will perform classification of financial records required in you particular business environment and customize the way information is tracked and financial results are reported. We will set up the Chart of Accounts, adding all necessary accounts and deleting those not needed. We will link your items to the correct accounts and account types and will connect them with the appropriate Quickbooks data entry forms. We make sure that the beginning balances for your Balance Sheet and Income Statement accounts are entered correctly.  If applicable, we will enter unpaid bills, and open invoices, purchase orders, and sales orders.  When required, we will also setup inventory counts and values, sale taxes, as well as, payroll and payroll taxes. We will also perform all other necessary setting and adjustments to make sure that your business makes full use of the opportunities provided by the software and that all essential financial and tax related information is tracked thoroughly and accurately.