There are many QuickBooks accountants in London but if you’re looking for people who can make QB come alive and give your business the financial information it needs to help it grow profitably and make more money then you’ve come to the right place.
The best part about QuickBooks is the reports
That’s where we start.
At the finish.
We’ll ask you what information will help you run your business more successfully and agree on the financial reports you’ll need from QuickBooks in order to do just that.
Don’t be surprised if we add in a few ideas of our own that you may not have seen before.
Once we have a set of customised reports firmly in mind we can go to the beginning of the process and think about data entry.
It’s a way of looking at life through the wrong end of the telescope
Dr. Seuss
Data entry with just the right amount of tech
Most of the time spent using QuickBooks is doing data entry and we’ll show you how to do everything you need to.
Where it’s sensible, because it saves time and improves accuracy, we’ll recommend apps to help with data entry.
Connecting QB to your bank to download receipts and payments and credit card transactions is the first step and you’ve most likely got that working but let’s also consider:
- document capture apps such as Dext or AutoEntry
- transaction import for sales invoices such as Transaction Pro
It’s tempting to overdo the tech and be swamped with apps but this is an area where less is more.
You need to recognise your business in your numbers
The DNA of your bookkeeping is your Chart of Accounts (CoA). This is the list of account categories that you use to classify transactions. For example: sales, gross pay, rent, computer equipment.
You need the account categories that match what your business buys and sells.
It’s really important to think this through so you set up the accounts you need, and in a sensible order because this helps to make your reports more useful.
Also, your CoA will evolve over time so make sure you leave gaps in the structure to allow new accounts to fit in as and when required.
Too often we see businesses neglecting their chart of accounts and it’s a breath of fresh air when your CoA is just how you need it.
You can have any expenses you want – so long as they’re Direct Expenses
Looking for QuickBooks accountants in London?
When we help businesses make better use of QuickBooks this is the sort of thing they say about us:
With Blue Dot Consulting, you can confidently navigate change and emerge stronger and more efficient.
Their tailored solutions, commitment to excellence, and depth of knowledge make them an indispensable asset.
Senior Finance Manager
If what you’ve read is what you’re looking for then please get in touch and we can have a chat about your business and what you’d like to get out of QuickBooks.
Call Michael Austin on 020 7125 0270, email info@bluedotconsulting.co.uk or pop in and see us at Bedford House, Fulham Green, London, SW6 3JW.
Michael – @bluedotmichael
Related links:
QuickBooks training for your business
Customer timeline report – a window into the soul of your customers
Overhaul and rebuild your finance function
Chartered Accountants – Bedford House, Fulham Green, London, SW6 3JW
