QuickBooks Accounting Services

Intuit QuickBooks software has emerged as a tool of choice for accounting professionals worldwide. With a simple, easy to use interface, this software automates manual tasks involved in accounting and bookkeeping. However, it doesn't fully take out manual intervention and a trained professional or team is necessary to use QuickBooks service.

QuickBooks is perhaps the most popular accounting software available to small businesses (75% + market share in US). It is available as a standalone service and software as a service (SaaS), making it accessible anywhere through the web. As noted earlier, it helps in easy maintenance and automation of regular accounting tasks while also bringing in advanced features such as accounting payroll management.

Flatworld Solutions' accounting outsourcing team comprises of professionals (CFAs, CPAs, CAs, and Project Managers) who work on QuickBooks accounting and QuickBooks hosting projects of varying complexities. Also to mention that their capabilities include QuickBooks bookkeeping but it is not just limited to QuickBooks payroll management, but includes much more than that.

QuickBooks Accounting Services

Flatworld offers QuickBooks consulting and accounting services, which include -

1. QuickBooks Bookkeeping

  • Updating Book Of Accounts
  • Closing of Accounts
  • Maintaining Ledgers
  • Preparing Trial Balance
  • Preparation of Bank Reconciliation Statements
  • Preparing Income Statement, Cash Flow Statement and Balance Sheet

2. Accounts Receivables and Accounts Payables

  • Expenses Accounting
  • Maintaining Cash Disbursement Records
  • Maintaining and Updating Other Expenses (Travel, Entertainment, Sundry)
  • Processing Letters of Credits

3. QuickBooks Cost Accounting

  • Maintaining Inventory
  • Do Cost Variance Analysis
  • Update Costs

4. Others

  • QuickBooks Payroll Accounting
  • Preparation of Purchase Reports
  • Reconciliation of Fixed Assets
  • Account Maintenance For Write-Offs
  • Updation of Work-In-Progress Accounts

Though QuickBooks has been primarily designed keeping small businesses in mind, it works for larger organizations and one-man shops alike. Our scope of services covers this partial list of organizational types:

  • Accounting Firms
  • Travel Agencies
  • Mortgage Firms
  • Insurance Firms
  • Media and Advertising Agencies
  • Healthcare Professionals
  • Legal Organizations
  • HR Consulting Firms
  • Manufacturing Agencies
  • Real Estate Firms
  • Internet Based Businesses

Based on the scope and nature of your requirement, you can hire a 'virtual bookkeeping assistant or plan for outsourcing QuickBooks team. This virtual assistant will handle all your day to day accounting tasks without any need of your intervention. However, you could also hire a team of accounting professionals who can manage different accounting areas of your business.

Our Finance and Accounting Portfolio

Outsource 2 India - Get the QuickBooks Advantage

If you are not using QuickBooks yet or are considering if migrating QuickBooks to India is a good idea, here are some points that highlight why getting QuickBooks is a good idea -

  • Access your accounting details and books anytime anywhere, through web access
  • Ability to handle a plethora of business accounting functions
  • Automated functions such as sending invoices and accounting statements by email to customers
  • Access to more than 50 types of business reports
  • Ease of use with low operating costs

Get in touch with us to discuss your QuickBooks outsourcing requirements.


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