Editor:
Scott Gottlieb, CPA
Assistant editor: Susan A. Maffetone, CPA
A
Look at Quickbooks for your Business
Quickbooks
is a product which was made for non-bookkeepers. It allows a
person with a little financial knowledge to keep their books
in order without having bookkeeping knowledge. They no longer
have to remember that "debits are to the door and credits are
to the window".
In Quickbooks, basically everything is preset up for posting
double entry bookkeeping. All the inputted needs to know is
a one sided entry. Once it is set up, writing a check is as
easy as clicking on the check icon and the other side of the
entry is automatically posted. Management can choose from preset
company trial balances based on type of industry and can have
financial statements instantly.
Your CPA can prepare your financial statements using Quickbooks
The data is current which enables management to have crucial
information which they need on a day to day business such as
for cash flow and bill paying decisions. A basic chart of accounts
can be chosed from template designs which are preset for many
industries. This enables users to get up and running in days
rather than weeks.
Most
features are customizable which allows for the diversity which
is found in most businesses. Ask your CPA how Quickbooks can
help the both of you in helping your business run smoothly.
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