Needs Assessments

QuickBooks Bookkeeping Needs Assessment

While we prefer to get involved with your bookkeeping setup in the early stages, we also work with companies that need to revamp their bookkeeping process.  Our assessment package and report not only includes specific recommendations, it also includes detailed, step-by-step instructions to help you build your bookkeeping system.

Your personal Bookkeeping Needs Assessment includes:

• Suggestion of which version of QuickBooks best suits your needs.
• Specific step-by-step recommendations on how to setup or improve your bookkeeping process, including a time-line to help you manage your project.
• Warnings on common errors in QuickBooks that are likely to occur in your books, and recommendations on how to avoid the mistakes.
• Recommendations of controls and oversight to improve security.
• The start to a policy and procedure manual, and high-level recommendations on which policies to adopt, including basic financial controls.
• Specific QuickBooks setup recommendations and instructions, including assistance designing or improving your chart of accounts.
• Recommendations on managing your MS Excel and paper files, to supplement your QuickBooks bookkeeping system.
• High-level recommendations on which specific QuickBooks functions to use in order to meet your record-keeping needs.

Preparing for your Bookkeeping Needs Assessment
We recommend that you prepare for your assessment by gathering your records together, and providing any information that you feel may be useful.  Your records may include some of the following:

• business plan or operating plan
• business goals, objectives, and vision
• performance objectives for your accounting staff
• job description for your accounting staff
• budget
• financial plan
• policies
• procedures
• latest bank statements
• latest tax return
• latest financial statements
• payroll records
• a list of open invoices, and a printed example of one customer invoice
• sales detail for last month
• a list of outstanding debt, including loans and bills
• detail of your equity structure, for example a list of investors and amount invested
• list of assets, and depreciation calculations or tracking
• chart of accounts
• MS Excel based financial tracking
• QuickBooks file

If you do not have all of the items listed, do not worry.  That is what we expect!  The more records you have in place before the meeting, the stronger start we can get with the assessment.  However, part of the assessment process is determining what records you should maintain and how best to maintain them.

Signup now for an Assessment

Jovena Natal
Jovena@NYHumanResources.com
(917) 697-2063