When Do You Need QuickBooks Consulting?

When Do You Need QuickBooks Consulting?  

Bookkeeping only gets easier as technology does, as more and more relevant software is released. Many accounting departments hire under qualified accountants and bookkeepers. Software like this has revolutionized how bookkeeping is done in our modern world. Instead, why not hire an accountant or a specialist in this particular software? Maybe it’s time to look into hiring a QuickBooks Consultant. Here are some tips that might mean that you need one more than you think.

Your Reports are Always Late

In QuickBooks, it’s so easy to set up automatic reports. If your accounting department has no clue and is falling behind, you’re in trouble. A failing accounting department means the rest of your company might be losing it as well. Hiring a QuickBooks consultant will help provide your accounting staff with the training they need to sort out the automatic generator and reports. The consultant may also be able to provide you with reports instantly.

You Never Get Suggestions for Improvement

QuickBooks is constantly releasing new features and being updated as they strive to make life easier for companies using their software. A good bookkeeper who knows what they’re doing will look forward to these updates and will ask you for suggestions on how to improve your accounting while using it. If they don’t know what they’re doing and have gone months without a single suggestion, they may not benefit your company in the long run because as the software updates, so should your accounting processes.

Your Checks Keep Getting Declined

There is simply nothing worse than getting a call from an angry contractor because your last check bounced. You should be on top of your bank balance at all times and this should not happen to a functioning company. If this happens on a regular basis, you truly need to reevaluate your bookkeeping process. This is at the fault of your accounting department and it is probably time to hire a QuickBooks consulting expert as soon as possible. They will keep you updated as to the state of your company bank account.

Undeposited Funds Has Old Transactions

You should be using the Undeposited Funds feature in your QuickBooks software, as this feature is how you'll batch your payments from clients together. If there are way too many transactions stuck in Undeposited Funds, you need to call a QuickBooks consultant right away. The reason for this is because the list is populated based on your invoices, payments, and the records of deposits into your company account.  If you're seeing past payments in Undeposited Funds it's likely your revenue is duplicated in QuickBooks. If your accounting department handles all this properly, the list then populates with the right information and it should not be so many. If they're doing this wrong your Profit & Loss, Cash Flow Statement, and Balance Sheet are wrong.

Hiring a QuickBooks consultant allows you to review all of your correct recent transactions as they will know how to assist you in the background of your software. You will also receive some much-needed training for your staff.

Know the Signs and Get a QuickBooks Consulting Specialist

QuickBooks can be an amazing tool but your staff must know how to use it at its full potential. Bouncing checks and bad financial information are only a few signs that you will need a consultant. Failing to do so may leave you-you standing at risk of overextending your accounts, turning your business from a profitable one into a failing one, and worse. Hire a consultant now and avoid all these consequences.

Totally Booked offers bookkeeping by QuickBooks Certified ProAdvisors based out of NYC. Get in touch today to see how we can help!

Tanya S