Scott Gottlieb, CPA


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NEWS BYTES
June 2000

Editor: Scott Gottlieb, CPA
Assistant editor: Susan A. Maffetone, CPA

A Look at Quickbooks for your Business

Quickbooks is a product which was made for non-bookkeepers. It allows a person with a little financial knowledge to keep their books in order without having bookkeeping knowledge. They no longer have to remember that "debits are to the door and credits are to the window".

In Quickbooks, basically everything is preset up for posting double entry bookkeeping. All the inputted needs to know is a one sided entry. Once it is set up, writing a check is as easy as clicking on the check icon and the other side of the entry is automatically posted. Management can choose from preset company trial balances based on type of industry and can have financial statements instantly.

Your CPA can prepare your financial statements using Quickbooks The data is current which enables management to have crucial information which they need on a day to day business such as for cash flow and bill paying decisions. A basic chart of accounts can be chosed from template designs which are preset for many industries. This enables users to get up and running in days rather than weeks.

Most features are customizable which allows for the diversity which is found in most businesses. Ask your CPA how Quickbooks can help the both of you in helping your business run smoothly.

 

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Disclaimer/Use of Site

The materials on this Web site are for informational purposes only and are not intended and should not be construed as accounting advice. This information is not intended to create, and receipt of it does not constitute, a CPA-Client relationship. You should not act upon this information without seeking counsel from a Certified Public Accountant