01
QuickBooks Online setup
Assistance organizing a new QuickBooks Online file, including basic accounting structure and account setup based on the needs of the business.
CPA Firm Online provides QuickBooks Online accounting and bookkeeping support for businesses across Canada. We assist with setup, account organization, clean-up, reconciliations, catch-up bookkeeping and year-end preparation.
The exact work required depends on the condition of your accounting file, transaction volume, bank accounts and reporting needs. The proposed scope and professional fees are confirmed before work begins.
Assistance organizing a new QuickBooks Online file, including basic accounting structure and account setup based on the needs of the business.
Review and organization of the chart of accounts to help improve the consistency and usefulness of the accounting records.
Review and categorization of business transactions based on the accounting records and information provided.
Reconciliation of bank activity in QuickBooks Online to applicable bank statements for the reporting period.
Assistance bringing prior bookkeeping periods up to date when sufficient accounting and banking records are available.
Review of existing accounting records to identify duplicate entries, unreconciled balances and other items requiring correction or clarification.
Our online workflow is designed for business owners who want professional accounting support while continuing to use QuickBooks Online for their records.
A QuickBooks file may require additional clean-up before it can be relied on for tax preparation or year-end reporting. Depending on the file, the work may include:
A typical QuickBooks engagement begins with a review of your existing accounting file before the work required is confirmed.
We discuss your accounting needs, reporting periods and current QuickBooks Online situation.
The available accounting records are reviewed to understand the volume and condition of the file.
The proposed accounting or bookkeeping scope and professional fees are communicated before work begins.
Required QuickBooks access and supporting accounting records are provided through the agreed process.
The agreed setup, bookkeeping, reconciliation or clean-up work is completed.
Transactions requiring clarification are communicated to you before finalization.
The updated records are reviewed within the scope of the engagement.
The QuickBooks file is prepared for its next accounting, sales tax or year-end reporting step.
Catch-up bookkeeping can help bring outstanding accounting periods up to date.
Reconciliation differences may require review of missing, duplicate or incorrectly recorded transactions.
Transactions can be reviewed and clarification requested where the appropriate accounting treatment is unclear.
Sales tax-related bookkeeping can be reviewed as part of an agreed accounting or sales tax engagement.
Year-end bookkeeping preparation can help organize records before corporate or personal tax work begins.
Businesses beginning with QuickBooks Online may need assistance establishing a practical accounting structure.
Tell us about your QuickBooks file, the periods involved and the accounting work you need. CPA Firm Online can review the situation and provide a written proposal based on the required scope.
The information on this page is general in nature and does not constitute accounting, tax or legal advice. The required accounting treatment and scope depend on the specific facts and records of each business. QuickBooks is a product of Intuit; CPA Firm Online is not representing an affiliation with Intuit through this page.