Small Business Services

By: Steve Hill & Associates  09/29/2014
Keywords: Bookkeeping, Financial Reporting, Accounting & Tax

We use the Accountant’s version of QuickBooks to maintain the books of our clients. Typically, on a monthly basis, clients provide us with bank statements, credit card statements, check registers, sales reports and other source documents, which we input or import into QuickBooks. We also post adjusting entries for things like depreciation, amortization, bank loan interest, etc. We then reconcile all the accounts and generate a general ledger that details all the transactions and account balances. We tailor the bookkeeping process for each client to meet the specific needs of that client. We grant clients access to their QuickBooks file in the Cloud so they can post daily transactions, such as customer billings,payments, and paying bills. Using QuickBooks to maintain your small businesses’ books meets the IRS requirement that states companies need to use a double-entry accounting system.

Keywords: Accounting & Tax, Accounting & Tax Services, Bookkeeping, Financial Reporting, small business advice

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