Software Installation and Support
Currently, the business software that we support is Intuit's Quickbooks for Windows.
We support this software at different levels, depending on the needs of the
business.
Levels of Support
- 1) Preparation of Tax Returns and Financial Statements
- This is the most basic use of the software program without us actually providing any
support. As long as all transactions are entered in the program by the business, we
can prepare workpapers leading to a tax return and also financial statements, if
requested.
Key Aspects
- Good for clients who are concerned with keeping records that result in compliance with
the requirements for preparation of annual income tax returns.
- Does not involve accounting fees for correction/setup of the software.
- Planning before year end requires almost as much accounting work and fees as year end
work does. Clients who want planning work need to be aware that substantial work
(and fees) may be required to do 9, 10 or 11 month planning, if this is desired.
- 2) Correction of Software Setup
- Accountants have a particular set of rules they follow in setting up records.
Depending on the situation, we may be able to conform your existing software setup as
needed to an accountant's standards and train you on it.
Key Aspects
- The software will be set up to function correctly and prepare meaningful reports.
- The business owners/managers get more accurate information with which to operate their
business.
- Tax planning before the year end at 9, 10 or 11 months is accomplished more easily,
accurately and more inexpensively.
- Year end tax return preparation may require an accountant less time than if the software
setup is not corrected.
- Initial correction and training involves some amount of accounting fees.
- Follow up and occasional maintenance are recommended to retain accuracy after the
initial correction.
- Depending on what has been set up by the business, it may be more economical to do a
fresh installation than to correct an existing installation.
- 3) Installation and Maintenance of Accounting Software
- We can set up your accounting program and train you on it. Periodically, we can
correct the setup and train you in the areas that we make the corrections.
Key Aspects
- The software will be set up to function correctly and prepare meaningful reports.
- The business owners/managers get more accurate information with which to operate their
business.
- Tax planning before the year end at 9, 10 or 11 months is accomplished more easily,
accurately and more inexpensively.
- Year end tax return preparation may require an accountant less time than if the software
setup is not corrected.
- Initial correction and training involves some amount of accounting fees.
- Follow up and occasional maintenance are recommended to retain accuracy after the
initial correction.
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