Tag: Quick Books Training

Learn How QuickBooks Can Help You

Posted on November 30, 2021 by udtadmin - QuickBooks Pro Advisor

Those in the bookkeeping industry know who QuickBooks ProAdvisors are. A ProAdvisor is more than a “QuickBooks Consultant.” They can help you with specific problems such as choosing the right QuickBooks version, creating industry-specific templates, or setting up a simple payroll that the business owner or accountant can handle. They can do these things for you, but that doesn’t even scratch the surface of what they can do to help grow and profit your business.

Accounting software company Quickbooks has over 80% market share, thanks to its wide range of products for small and large businesses alike. However, utilizing QuickBooks for your accounting and fully leveraging it for your business are two different things. By understanding what QuickBooks can do for you, what version is right for you, when a new version is needed, and how to leverage the software’s full potential, you will truly unlock the key to your financial success.

A QuickBooks ProAdvisor can help you take advantage of everything the accounting software has to offer. They can also help train your in-house resources, such as your bookkeepers and accountants, so that they can utilize the full power of QuickBooks, which can transform your business. As long as your internal resources are adequately trained, you’ll be able to handle complex accounting problems without outside assistance.

After receiving QuickBooks training, your bookkeeper(s) and accountant(s) can use it to its full potential. Below are some examples.

Understanding Industry-Specific QuickBooks Usage

QuickBooks is an accounting software that covers many fundamentals and can virtually accommodate the needs of any industry. For larger growing companies, QuickBooks Enterprise offers different industry-specific editions (contractor, retail, manufacturing, wholesale, etc. ), all of which come with special features specific to their industry. However, you (or your accountant) need to run a cost-benefit analysis and determine whether QuickBooks Enterprise is the right choice in the first place, something a ProAdvisor can also assist with.

The accounting needs of businesses in different industries vary. If your accountant has been properly trained, they will likely be able to meet your needs even without the industry-specific edition. Business growth and smart accounting decisions can be made more efficient if you understand the difference between inventory management for an e-commerce company and a bricks-and-mortar business transitioning to e-commerce. Developing expertise relevant to your specific industry can help your bookkeepers and accountants become your growth drivers. On the other hand, if they are limited to rudimentary QuickBooks accounting, they might hinder the growth of your business.

Learning The Best Practices

It’s not always beneficial to gain experience without proper training. Trial and error is still learning, but if an accountant only does things to “get things done,” they will not perform optimally. However, if your accountant(s) and bookkeeper(s) are trained by ProAdvisors in QuickBooks best practices and the accounting practices of your industry, they will waste less time, make fewer (if any) costly mistakes, and contribute to your business growth.

Accountants must utilize the primary accounting tool properly to ensure proper accounting for a business. If they fail to do so, it won’t result in “proper accounting.”

By adopting the best QuickBooks practices, your accounting can become significantly more efficient, including:

Spotting unusual financial patterns
Identifying where your business is losing money
Determining your most profitable avenues
Helping your accountants “paint” a detailed and more accurate picture of your business’s finances

In contrast, suboptimal use of the software can bury financial problems in a mess of data until they become too large.

Understanding How to Use Advanced Features and Which are Right For Your Business

If someone buys a Ferrari and does not drive it over 70 mph, what would you say?

A powerful tool is being underutilized by the person in question.

Accounting is similar to an accountant never going beyond the basics of QuickBooks. However, they can fully utilize QuickBooks with proper guidance and training. They would learn how they can automate certain processes with advanced features, which would lead to greater productivity (with less effort spent) and fewer errors.

Your team can also stay up to date with new QuickBooks advanced features when they’re released by QuickBooks ProAdvisors.

In addition, it is a good idea to learn how to integrate and use QuickBooks with other business software (like your CRM) or third-party applications. If your accountant wants to make the most of QuickBooks, they should know that some of the advanced features and customizations might not be effective for your business.

How UpToDate Bookkeeping Can Help

Team members at UpToDate Bookkeeping know what they’re doing, but they also know how to explain it. Our QuickBooks trainers must possess a deep understanding of the software, as well as strong teaching skills. We have achieved long-term success by leveraging our knowledge and expertise to help train our clients’ staff on how to unleash QuickBooks’ full potential.

Do You Need Help From A QuickBooks ProAdvisor?

Posted on January 30, 2019 by udtadmin - QuickBooks Pro Advisor

If you find yourself in need of a QuickBooks ProAdvisor, you will want to consider hiring us. We offer over six decades of bookkeeping and accounting experience. We know how important it is to have a professional team working on your behalf. Our team is fully committed to providing you with the most up to date and personalized service to handle all of your accounting needs. We take the guesswork and the time-consuming nature of bookkeeping out of the equation in order to help you maximize your time and energy to focus on your own business. Below, we will be going over some of the reasons you should consider choosing us to handle your bookkeeping efforts.

Reasons To Choose Us:

1. Experience.

As mentioned previously, you will be able to trust us with all of your bookkeeping needs because of the vast amount of experience we offer our clients. We know exactly how important it is having a company that you trust handling your books. We are professionals that are experienced in bookkeeping and we are certified Quickbooks Pro Advisors. Therefore, you will be able to trust that our entire team is qualified to handle your books.

2. Personalized.

Another reason to consider hiring us would be due to the level of personalized that we offer. We know that every business is unique. Therefore, we strive to offer full personalization of our services to ensure that we meet the specific and individual needs of each one of our clients. Being able to offer such a personalized service is crucial to our ability to provide the highest possible level of service to cater to our client’s specific needs.

3. Certified.

As mentioned previously, we are fully Intuit QuickBooks Pro Advisor and ProCore certified. Therefore, you can count on us to be able to handle even the most disorganized books.

4. Save Time.

We know how important it is to save time within your business. After all, time is money and the more time you put towards result producing activities within your business, the more money you will make. This is why we focus on saving our clients time over anything else. We pride ourselves on our ability to take all of the time-consuming tasks off of our client’s hands so they are able to focus on what makes their business more money.

There are plenty of reasons to hire us to handle your bookkeeping needs. By hiring UpToDate Bookkeeping, you will be putting your bookkeeping duties in the hands of certified and experienced professionals that can ultimately save you time and money.

Services Provided By Bookkeepers

Posted on December 31, 2018 by udtadmin - Bookkeeping Services

Bookkeeping is without a doubt the backbone of the financial system of small business. It’s a process that involves recording, organizing and storing financial and accounting documents such as ledgers, financial statements, journals, income tax records and much more. In this read, we are going to take a look at the various services that bookkeepers provide.

Payroll Services

Companies with several to many employees usually find it hard to create an maintain an ideal payroll. Having a payroll in place that’s both accurate and done on time is crucial to running a business. It is easy to violate both civil and criminal laws by having a faulty payroll and that’s why it is imperative to have it done properly by professional bookkeepers.

Tax Preparation

This is a service that involves sorting out through tax forms, documents and receipts in order to prepare and accurate tax return. It ideally involves using the tax year’s rules in order to come up with the best solution. This is one of the most common and essential services to be done properly and that’s why it is crucial to have a professional bookkeeper on the task.

Monthly Bookkeeping Services

This is simply the handling of records, tax filings and books of a company. In addition to a monthly tally, some bookkeepers also provide weekly, quarterly or even annual breakdowns of revenues and expenditures. Such a detailed analysis is very useful as it helps you get a financial overview of your company’s money.

These services can also include:

Creating vital financial documents
Monitoring bank accounts for both legitimate and fraudulent transactions
Altering for suspicious transactions and overdrawn accounts
Creating and implementing a budget.

Corporation Setup

Whether you are self-employed, looking to launch a startup or own a family business, it is important that you know how to incorporate during the initial stages. The primary advantage of a corporation set up is allowances for deductions and lenient taxes. The benefits can even extend to asset protection, benefits for employees, etc. depending on the state.

Financial Services

Bookkeepers are also tasked with preparing financial statements including but not limited to balance sheets, income statements, owner or shareholder equity and cash flow statements. The purpose of these statements should be an accurate and easy to read snapshot of the finances of the company for the past, present and future.

These are the main services that bookkeepers offer. It is important to have one on your side if you want your business to be on the safe side and run smoothly.

Find Yourself Struggling With Quickbooks?

Posted on November 28, 2018 by udtadmin - QuickBooks Pro Advisor

Are you having trouble keeping your books updated and organized? If so, you are certainly not alone. As someone that is running a business, you are likely already dealing with a vast array of different tasks. Typically, you have to worry about a multitude of things. Because of this, maintaining your books might be last on the list of your priorities. That is why a lot of businesses are choosing to outsource their bookkeeping to a third party service like UptoDate Bookkeeping.

By hiring a bookkeeping service to handle your bookkeeping and payroll needs, you will be able to complete relieve yourself from the time-consuming nature of the task. Below, we will go over some of the reasons you are going to want to consider handing off your bookkeeping efforts to a professional bookkeeping and payroll service.

Reasons To Hire A Professional Bookkeeping and Payroll Service:

1. Focus On Your Business.

As a business owner, you likely already have your head on a swivel dealing with various core business needs. By hiring and outsourcing a bookkeeping service, you will be able to focus a majority of your time and energy on those core business needs that effectively grow your business. This alone is reason enough to invest in these services because it is going to allow you to really maximize your efficiency.

2. Make Fewer Mistakes.

When it comes to bookkeeping, you typically need a painstaking attention to detail to avoid small yet critical mistakes that can cost your business a lot of money or resources. By hiring a professional company that makes it a priority to have such painstaking attention to detail, you are going to be able to benefit from making fewer overall mistakes.

3. Maintain Positive Cash-flow.

As a business owner, you likely don’t have your eyes on the books at all times. By having a third-party dedicated to keeping your books up to date, you are going to be able to get alerted on cash flow constraints and they will be able to send out various reminders to ensure that your cash flow stays positive at all times.

Overall, there are so many reasons you are going to want to hire a professional bookkeeping and payroll service like UptoDate Bookkeeping. By doing so, you will be able to outsource a lot of the tedious nature of bookkeeping and focus more time and energy on your core business services.

Thinking about hiring an outside company to do your Payroll?

Posted on October 2, 2018 by udtadmin - Payroll Services

There are many benefits that you can expect from hiring an payroll service company. It allows you to make savings and free up time to use in other aspects of your business. Outsourcing tasks that are not the core services of the business can be a good idea, both for small and big businesses. Having an internal department to deal with these services can be more expensive than outsourcing to a third party. Additional costs like training also adds to the cost of an internal payroll department. Payroll presents challenges to businesses regardless of the size.

What can a payroll company do for you?

Payroll companies specialize in payroll service. We will make sure that employees are paid on time and all the legal obligations are met. Our focus is on payroll and human resource tasks, and this ensures that we will take the worry out of the payroll processes. You will now have the chance to focus on your business instead of having to worry about how and when your employees will get paid.

Payroll is more than just writing checks and making payments through direct deposit. Payroll companies are tasked with handling a wide range of duties such as;

• Monitoring employee time and attendance
• Ensuring overtime pay is paid
• Setting up and making adjustments to direct deposit accounts
• Calculating payroll taxes and ensuring correct deductions
• Integrating third-party 401 (k) and benefit plans
• Compliance with federal and state payroll laws
• Electronic payroll records to both employers and employees

We provide systems that ensure all necessary information has been captured. Employees are also able to log in and view, print and save pay stubs.

We will give you peace of mind.