A QuickBooks set up generally occurs over the course of three sessions, with each session lasting 2-3 hours.

Session 1: establish the foundation for the new data file
Session 2: create individualized forms and processes for posting data
Session 3: learn how to reconcile accounts and review financial reports to understand how your new QuickBooks data file is working.

Objectives of Set Up

At the end of this process we want you to be confident in the information flow, the Chart of Accounts, Items, and the customized reports established to track your programs and related financial data.

What you will Need

The QuickBooks set up specialist will need the following:

1) A bank statement for each bank account as of the “start-date” of your new QuickBooks data file
2) Line of Credit and/or Loan Statement, if you have them
3) Statements or reports that show balances for any other assets, such as equipment, or other loan obligations
4) Copies of any special reports you wish to run from QuickBooks
5) Any bills or other examples of financial data that you feel may pose a challenge to record keeping in QuickBooks

Preparing in advance will help you define what you need to know about your business to help it succeed.

Cost of Set Up

The cost for your set up depends on the size of your business, number of accounts, number of transations in transition at your start date, and your personal learning curve.

Most new QuickBooks users spend about $ 825 on the initial set-up, customizing, and training, needed to set up and use QuickBooks accurately (and pain-free.)