Keeping your Accounts Payable balances clean, low and accurate is important to your bottom line. It is critical to know how much money you owe to your vendors at any given time. Your accountant will schedule a phone or screen share meeting with you to discuss the details of the Accounts Payable clean-up work that needs to be done in your QuickBooks Online account. Together you will identify and document the amounts and reasons for editing your Accounts Payable transactions. It is common for data entry errors to occur when manually recording expenses. Manually entered expenses that are not correctly matched to charges that come into the bank feed will duplicate expenses on your account registers and make it difficult to perform account reconciliations. Your accountant will review, identify and correct any manual expense entry errors with this service offering.
Your Accountant will Perform Contra-Accounting if Necessary
For this service, your accountant will work with you to clear Accounts Payable Liability. Your accountant may also need to perform Contra-Accounting with this service. This type of accounting is performed when a vendor is also a customer that is owed money to your company. Note that contra-accounting work is included with this service. Once the work is completed, your accountant will provide create an updated Accounts Payable Aging detail report you can access in your QuickBooks Online books. With Contra-Accounting transactions, they will also create an updated Accounts Receivable Aging detail report in your books.
Your Personal Guide to Seamless Accounting: Advanced QuickBooks ProAdvisor at Your Service
Hey there! I’m Gina, and I’m the proud co-founder of Lend A Hand Accounting. Why did I start this? Well, I believe that everyone should have access to affordable, efficient, and flexible accounting and bookkeeping services. It’s all about making sure these essential services fit snugly into your budget without any fuss.
We’ve ditched the traditional hourly rate system and adopted a flat fee pricing. You might be wondering, “Why does this matter?” Well, this way, you know exactly what you’re paying for upfront and there are no unexpected surprises. You get to pick and choose the accounting services you need, like a customized menu. And the best part? You’re in complete control of when you start or stop using our services. We’re essentially just a call or a text away, no need for endless phone calls or draining trips to the accountant’s office.
I’m not just any accountant though. I’m an Advanced QuickBooks Online ProAdvisor. That means I’m equipped with advanced expertise and resources to help you leverage QuickBooks Online to its full potential. My goal is to make your accounting process smooth and efficient so you can focus on what you do best – running your business.
Ready to get started? Reach out to me directly at 360-637-4799. We can even kick things off immediately if you’re ready. Simply create a free account, and I can instantly take a look at your books and let you know where you stand.
At the end of the day, we’re here to serve you. We really appreciate the trust you place in us and we’re eager to meet all of your accounting and bookkeeping needs. Looking forward to being part of your team!
Take care,
Gina
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
