Quickbooks Set-up

Quickbooks Set-up

Getting your business’s financial information and accounts properly configured within the QuickBooks accounting software involves several steps to ensure accurate recording, tracking, and management of your company’s financial transactions. Once the setup process is complete, you will have a properly configured QuickBooks account ready to handle your business’s financial transactions, reporting, and analysis. It is essential to ensure accurate setup to establish a solid foundation for effective financial management within QuickBooks.

Custom Chart of Account

In customizing your Chart of Accounts, you will need to provide us with essential details about your business such as:

Company Information: its legal name, address, contact information, and industry type. This information helps customize QuickBooks for your specific needs.
Chart of Accounts: a list of all the different types of accounts your business uses to categorize financial transactions. During setup, you will define and set up the appropriate accounts based on your business operations and reporting needs.
Bank and Credit Card Integration: QuickBooks allows you to connect your bank and credit card accounts, enabling the automatic import of transactions. We will need to link your accounts and set up the necessary bank feeds to ensure accurate and efficient transaction tracking.

Vendor & Customer

We will enter information about your customers and vendors into QuickBooks, including their names, addresses, contact details, and payment terms. This allows for efficient management of accounts receivable (customer invoices) and accounts payable (vendor bills).

Items & Inventory

If your business sells products or services, we will need to set up your inventory or service items in QuickBooks. This includes entering details such as item descriptions, prices, and stock quantities, enabling you to track sales and manage inventory levels.

3101 Ocean Park Blvd | Ste 100, Santa Monica, CA 90405 | (310) 424 9831

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