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When a small business owner knows that they need to ‘keep the books’ but doesn’t know where to begin, Silicon Valley Accounting Solutions has the answers.

We will set up a QuickBooks (QB) file, either online or on their desktop, that serves as a central place to hold all of their transactions.  With the use of QuickBooks features and add-on tools, one of our QuickBooks ProAdvisors will automate the capture and classification of activity to simplify accounting and make it efficient.  We can aid in the catch-up and/or clean-up to bring the books current and then either train the client to keep up the books themselves or maintain it for them.

1. Versions Supported

  • QuickBooks Desktop - local: Self-Employed, Pro, Premier, Enterprise, Mac
  • QuickBooks Desktop - hosted: all versions (in the cloud)
  • QuickBooks Online - Simple Start, Essential, Plus, Advanced

2. File creation methods

  • Set up new data file, configure for specific business, enter beginning balances from prior tax return, Excel spreadsheet, or from bank statements
  • Upload existing Quicken data file to QuickBooks
  • Upload existing Microsoft Money data to QuickBooks
  • Upload data file from QuickBooks Desktop to QuickBooks Online
  • Import from other data sources to QuickBooks Desktop or QuickBooks Online

3. Transaction entry options

  • Establish processes for manual entry
  • Download from banks for upload to QuickBooks
  • Connect QuickBooks to receive a direct feed from banks and credit cards
  • Map accounts to outside payroll processor for direct import

4. Best practices within QB for data verification

  • QuickBooks file utilities
  • Reconciliation of accounts to third party statements
  • Advanced QuickBooks features for reclassification of data