Accounting Services

Accounting Setup

It is extremely important for any business organization to configure its account system to replicate the best industry practices, business specific processes and business hierarchy. Quickbooks software has various versions to it and hence it is critical to understand the different versions and choose the version that suits your requirements. We at Glotaccys help you with the Quickbooks set up services by choosing best version of Quickbooks and implement it by considering your business requirement and reporting requirements.

The set up services is based on the following methodologies:

• Understanding the business processes.
• Identification of the reporting requirements of the business.
• Choosing best version of Quickbooks as per the need of the client.
• Identification of the integration mechanism for third party applications.
• Designing and setting up of accounting masters such as Chart of Accounts, user authorization, inventory categorizations, SKU Masters etc.
• Configuration of payroll masters for further reporting requirements.
• Entering of the initial balances in the software.
• Training to the staff of the client for use of software.

With the team of expert and well monitored staff our company offers extensive range of Quickbooks Accounting services at the competitive costs which includes:

• Setting up Chart of Accounts.
• Billing for goods sold or services.
• Recording of receipts from customers.
• Verification of invoices from suppliers.
• Recording of invoices received from suppliers.
• Recording depreciation and other adjusting entries.
• Processing of employee related costs.
• Entering bank transactions.
• Allocating the account entries.
• Fixed Assets/ Equipment’s Ledger Maintenance.
• Expense Ledger Maintenance.
• Preparing Ageing Reports and Summary.
• Preparing Income Statements (Profit & Loss).
• Preparing Cash Flow Statements.
• Inventory Services.
• Month end or year-end closing.
• Preparation and review of monthly financial statements.