Most small businesses use QuickBooks® to manage their accounting and financial transactions. However, many small business owners only implement the basic features that QuickBooks® offers, such as check writing and customer invoicing.
I create customized QuickBooks® Chart of Accounts configurations to take advantage of the built-in subaccount and relationship features. This allows me to tailor QuickBooks® to more closely match each client’s particular business needs and operations, not the other way around.
I then set up various layers of “Items” that consolidate and simplify the transaction entry process. This reduces the tedium of making daily accounting entries, thus freeing up additional time that my clients can devote to more important issues, like developing new customers and making more money.
Lastly, I implement many of the more advanced features of QuickBooks®, as needed, including the creation of custom reports.
By carefully implementing each of the above steps, my clients derive the full benefit from the wealth of useful information QuickBooks® provides to help them make better business decisions, and thus manage their businesses more profitability. For example, my clients develop a better understanding as to why certain clients/jobs were more profitable, so they can replicate that success to grow their businesses. Similarly, my clients develop a better understanding as to why certain clients/jobs were not so profitable, so they can learn from those situations and either take corrective actions in the future, or decline such work.
