Accountable Minds is pleased to share that we are partnered with QuickBooks and have a profound knowledge of the available products and features that Intuit has to offer. Depending on our clients’ current business situation, we will elaborate on each possible QuickBooks solution that is most suitable to meet their industry-specific needs. Clients can choose from an array of products and features that addresses their business requirements, such as determining the appropriate QuickBooks Online subscription level, integrating a tech stack, (e.g., adding third-party apps), setting up QuickBooks Time to track employees’ time worked, or even using QuickBooks Online Payroll as a standalone solution. There is too much to mention at once, so feel free to contact us if you would like to discover more about how QuickBooks Online products and features can revamp the efficacy of your business workflows.
We educate our clients on how to accurately manage the bank feed connections so they can fluently review and categorize their transactions. Ensuring a bona fide bank account connection setup with QuickBooks Online is essential for maintaining productivity. Having easy access to your bank account feeds in QuickBooks Online can also speed up the reconciliation process during period review. Some clients may have specific online business needs, which they can connect to – and import from – e-commerce apps such as Amazon Business, Square, Shopify, and eBay, if they use QuickBooks Online. Additionally, it’s our standpoint to explain the benefits of using bank rules and how they identify repetitive bank feeds and automatically recommend a match, which can significantly save time with the categorization process.
Another beneficial feature that we help our clients improve their workflows with is setting up recurring transactions. Using recurring transactions can automate money-out transactions that are paid at regular intervals and for fixed amounts, such as invoicing customers for regular services provided at fixed prices. QuickBooks Online supplies a handful of available recurring transaction templates – each one unique to accommodate your desired utilization. Furthermore, we feel it’s essential that our clients understand how to properly record deposit transactions in order to keep non-sales-related payments and expenses separate from their regular income and expenses. This can help reduce errors and make the cleanup process easier at period and year end.
Closing the books should occur at least once a year, but this can be done at any frequency our clients prefer. However, if the books are closed as a year-end process, then it should be completed after the tax return is flied – to finalize all account balances and secure the books. Once a thorough book review process has taken place, and all the necessary steps have been completed, we can then proceed to close the books. There’s no need to panic when it comes to closing the books, thanks to the reliable built-in tools that QuickBooks Online provides us and our clients.
As you know, managing your books can be a tedious and time-consuming task. Bookkeeping is particularly difficult to navigate if you don’t have the proper setup, up to date knowledge, and systematized workflows in place Luckily for you, QuickBooks is a cloud-based accounting software that incorporates AI features into the bookkeeping space; overall, making your bookkeeping experience as smooth as possible. We are pleased to provide our well-rounded bookkeeping expertise to our clients, which is offered from a certified QuickBooks Online ProAdvisor. With over three years of QuickBooks Online experience, we feel confident to espouse our clients’ sophisticated bookkeeping needs in a professional and satisfactory manner.
Accountable Minds is a consulting firm devoted to providing clients with first-rate quality accounting, bookkeeping, payroll, and advisory and consultative services.
